ESRT has been named ENERGY STAR Partner of the
Year for four consecutive years
Empire State Realty Trust, Inc. (NYSE: ESRT) today announced
that it achieved the 2024 ENERGY STAR Sustained Excellence Award
from the U.S. Environmental Protection Agency and the U.S.
Department of Energy (DOE) for the second consecutive year. The
achievement highlights ESRT’s consistent ENERGY STAR Partner of the
Year recognition for outstanding leadership in environmental and
public health initiatives, as 100% of the company’s NYC commercial
portfolio is ENERGY STAR certified.
“ESRT has prioritized the ‘how’ when it comes to energy
efficiency, indoor environmental quality (IEQ), and healthy
buildings for more than 15 years. Our second achievement of the
Sustained Excellence Award reaffirms our leadership and the power
of initiatives to ensure our portfolio is future-ready,” said
Anthony E. Malkin, chairman and CEO at Empire State Realty
Trust.
ESRT received its initial recognition as ENERGY STAR Partner of
the Year in 2020 and has achieved it every year since. Through an
industry-leading retrofit at the Empire State Building, ESRT
reduced emissions at the building by 56% and subsequently published
its Version 2.0 work on the international icon for sustainability,
the “Empire Building Playbook: An Owner’s Guide to Low Carbon
Retrofits,” co-developed with NYSERDA and supported by other
NYC-based landlords and the Clinton Global Initiative. The playbook
guides building owners in the steps to achieve carbon neutrality
through emissions reduction with a proven return on investment.
The company achieved carbon neutrality for its commercial
portfolio in 2022 and its multifamily portfolio in 2023, through a
combination of significant reduction in operational emissions and
offset of residual emissions through clean energy generation and
accredited initiatives, and continues to work toward its target of
net zero emissions at the Empire State Building by 2030 and
throughout the portfolio by 2035 through a goal of 80% reduction in
operational emissions in partnership with a renewably sourced grid
aligned with the New York State Climate Leadership and Community
Protection Act (CLCPA).
The ENERGY STAR program honors a select group of businesses and
organizations that have made outstanding contributions to energy
efficiency and the transition to a clean energy economy each year.
ENERGY STAR award winners lead their industries in the production,
sale, and adoption of energy-efficient products, homes, buildings,
services, and strategies.
Through its leadership and innovation in sustainability and
energy efficiency, ESRT received the DOE’s Better Practice and
Better Project Awards; the Mayor’s Carbon Challenge Award; the NYC
Accelerator Innovator Award; the Building Owners & Managers
Association of Greater New York (BOMA New York) Earth Award and the
BOMA Grand Pinnacle Award; and received the Global Real Estate
Sustainability Benchmark (GRESB) 5 Star Rating each year since
2020. In 2023, GRESB ranked ESRT 1st of 115 Americas’ listed
companies. The Empire State Building was recognized by the
Manhattan Chamber of Commerce as the Landmark Icon of the Year for
the building’s significant cultural impact and approach to
modernization.
In its annual Sustainability Report, ESRT transparently
highlights its leadership, practices and progress toward its energy
efficiency, net zero carbon, and sustainability goals. Learn more
about ESRT’s environmental, social, and governance commitments
here.
About Empire State Realty Trust
Empire State Realty Trust, Inc. (NYSE: ESRT) is a NYC-focused
REIT that owns and operates a portfolio of modernized, amenitized,
and well-located office, retail, and multifamily assets. The
company is the recognized leader in energy efficiency and indoor
environmental quality. ESRT’s flagship Empire State Building – the
“World’s Most Famous Building” – includes its Observatory, the #1
attraction in the U.S. in Tripadvisor’s 2023 Travelers’ Choice
Awards: Best of the Best for two consecutive years. As of December
31, 2023, ESRT's portfolio is comprised of approximately 8.6
million rentable square feet of office space, 0.7 million rentable
square feet of retail space and 727 residential units. More
information about Empire State Realty Trust can be found at
esrtreit.com and by following ESRT on Facebook, Instagram, TikTok,
X, and LinkedIn.
About ENERGY STAR
ENERGY STAR® is the government-backed symbol for energy
efficiency, providing simple, credible, and unbiased information
that consumers and businesses rely on to make well-informed
decisions. Since 1992, ENERGY STAR and its partners helped American
families and businesses avoid more than $500 billion in energy
costs and achieve more than 4 billion metric tons of greenhouse gas
reductions. More background information about ENERGY STAR’s impacts
can be found at www.energystar.gov/impacts.
Forward-Looking Statements
This press release includes "forward-looking statements" within
the meaning of the federal securities laws. We intend these
forward-looking statements to be covered by the safe harbor
provisions for forward-looking statements contained in the Private
Securities Litigation Reform Act of 1995 and are including this
statement for purposes of complying with those safe harbor
provisions. You can identify these statements by use of words such
as “aims," "anticipates," "approximately," "believes,"
"contemplates," "continues," "estimates," "expects," "forecasts,"
"hope," "intends," "may," "plans," "seeks," "should," "thinks,"
"will," "would" or the negative of these words and phrases or
similar words or expressions that do not relate to historical
matters. You should exercise caution in interpreting and relying on
forward-looking statements, because they involve known and unknown
risks, uncertainties and other factors which are, in some cases,
beyond the Company's control and could materially affect actual
results, performance or achievements. These factors include,
without limitation, the risks and uncertainties detailed from time
to time in the Company’s filings with the SEC and any failure of
the conditions or events cited in this release. Except as may be
required by law, the Company does not undertake a duty to update
any forward-looking statement, whether as a result of new
information, future events or otherwise.
The sustainability aspirations, targets and objectives discussed
in this release reflect our current plans and aspirations and are
not guarantees that we will be able to achieve them. In addition,
these efforts are impacted by our tenants’ willingness and ability
to collaborate in reporting sustainability metrics and meeting
sustainability goals, the ability of the New York grid to meet the
emissions reduction targets and timing set forth in New York
State’s CLCPA legislation, and replacement of equipment at the end
of its useful life cycle.
Source: Empire State Realty Trust, Inc.
Category: Sustainability
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version on businesswire.com: https://www.businesswire.com/news/home/20240326561038/en/
MEDIA: Empire State Realty Trust Jamie Steinberg
212-400-3339 jsteinberg@esrtreit.com
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