Offset 100% additional non-electrical use through supporting biodiversity forest conservation 9 2,000 acres
Previously, ESRT had offset electricity with 100% renewable wind power across the business.
Empire State Realty Trust, Inc. (NYSE: ESRT) today announced that it has achieved carbon neutrality in its 9.9 million square foot commercial business through a combination of global warming and global warming. A leader in improving construction energy efficiency. and a new three-year agreement with 18 reserves and the ACT. The new agreement supports the conservation of nearly 9,000 acres of biodiversity forestry, which will offset 100% of ESRT’s use of non-electric fossil fuels.
ESRT’s continued leadership in sustainability and energy efficiency. Reduce greenhouse gas emissions at the Empire State Building by 54% and other commercial buildings by 43%. “Empire Building Playbook: An Owner’s Guide to Low Carbon Retrofits), developed in partnership with NYSERDA and supported by other New York landowners. including the Clinton Global Initiative to guide building owners on steps to achieve carbon neutrality. through reducing emissions by reducing dependency on compensation but still get profit from investment
“While the law market demand And the risks of climate change are driving real estate owners to meet emissions reduction requirements, and companies need to come up with more advanced approaches. to offset current use as they aim to reduce emissions,” said Anthony E. Malkin, president and chief executive officer of Empire State Realty Trust, adding: “ESRT continues to innovate and implement different approaches to serve as a high-quality tenant destination. And it benefits investors with clear savings and returns. Our partnership with 18 reserves and the ACT supports conservation efforts and protects carbon sequestration forests on behalf of ESRT and our tenants.”
ESRT sees compensation as a tool for reducing emissions. while actively working to increase energy efficiency and reduce emissions from operations within the business group. In partnership with the renewable grid, ESRT is on track to achieve net zero emissions targets. By reducing operating emissions by 80% at the Empire State Building by 2030 and across the entire commercial complex by 2035, the remaining 20% are offset by ESRT. 100% of the emissions. direct pollution (Scope One) Indirect emissions (Scope II) and emissions of indirect leased assets (Third scope) is part of the definition of carbon neutrality. and commitments to reduce emissions emissions compensation and disclosure of emissions information This is because all sectors are critical to achieving carbon neutrality.
A 9,000-acre biodiverse forest reserve near Cleveland. Ohio State Forest Service It will fully compensate ESRT’s steam and natural gas consumption. The initiative complements ESRT’s current total electricity use offset with renewable energy credits (RECs) at the Empire State Building since 2011 and across the business group since January 2021. A long-term partnership with Green Mountain Energy, a 2021 contract makes ESRT the largest 100% green energy user in the country’s real estate sector. (Source)
“We are focused on our goal to reduce our operational emissions of 80% by 2030 at Empire State and by 2035 for all commercial buildings.” Dana Robbins Schneider Schneider, Senior Vice President of ESRT and Director of Energy, Sustainability and ESG, added: “As we take measures to achieve this goal by cooperating with the grid, Through ROI-driven projects such as a 3.4 megawatt solar roof, 8.2 megawatt battery and 80 electric charging station project in Westchester, NY, we are committed to offsetting fossil fuel emissions that Involve the rest of our business group through an accredited and efficient source.”
ESRT regularly invests and implements measures To reduce the impact that the company’s business has on the environment. and share industry-leading practices in energy efficiency. emission reduction healthy building and the quality of the indoor environment in a transparent manner
Malkin added, “Our business continues to be attractive to tenants who see quality as a healthy, energy-efficient building at an affordable price.” Find out more regarding ESRT’s sustainability leadership online.
About Empire State Realty Trust
Empire State Realty Trust, Inc. (NYSE: ESRT) is a real estate investment trust (REIT) that owns and manages office space. retail space and multi-family real estate on the island of Manhattan and the New York City area. The company owns the Empire State Building, nicknamed “The World’s Most Famous Building”, which won the Travelers’ Choice Best of the Best award. ) Year 2022 from Trip Advisor It is ranked No. 1 in America’s top tourist attractions and No. 3 in the world, and it owns and operates the Empire State Building’s new observatory tower. healthy energy-saving building and environmental quality inside the building It has the lowest greenhouse gas emissions per square foot of any REIT in New York City that has an IPO. As of June 30, 2022, the company has approximately 9.2 million square feet of office space for lease, including approximately approximately 9.2 million square feet of retail space. 700,000 square feet and two multi-family properties totaling 625 units. Find out more at esrtreit.com and follow the news on Facebook, Instagram, Twitter and Link.
Forward-looking statements
This press release contains forward-looking statements within the meaning of securities law. This may be classified by the words “assumed,” “believed,” “estimate,” “expected,” “intended,” “planned,” “estimated,” or other words and phrases with similar or opposite meanings. And it’s not a fact that happened in the past. Readers are cautioned to translate and rely on forward-looking statements. because there are risk factors uncertainty and other known and unknown factors This is in some cases beyond the control of the ESRT and can have a significant impact on the results. performance or actual success There are many other risk factors and factors, such as the public health crisis and economic disruption caused by COVID-19, the failure of the conditions or performance of the above-mentioned jobs or transactions. Uncertainties and environmental risks associated with climate change bad weather sea level rise and natural disasters and the accuracy of our methodology and assessment of ESG criteria and goals, tenants’ intent and ability to report ESG criteria and meet ESG goals, the impact government regulations have on ESG efforts. Our risk factors and other uncertainties are identified in reports filed by ESRT and ESROP with the Securities and Exchange Commission (SEC), including our annual report on Form 10-K ended December 31, 2021, under ESRT and ESROP assume no obligation to update any forward-looking statements. Even if there is any new information or any future events. unless required by law
