Empire State Realty Trust Ranks First of All Americas’ Listed Companies for Second Consecutive Year and Achieves Top GRESB 5 Star Rating

Barchart · 10/15 07:49

Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that it achieved the highest possible Global Real Estate Sustainability Benchmark (GRESB) 5 Star Rating for the fifth consecutive year with a score of 93. ESRT’s overall score ranked first of all listed companies in the Americas and first in the most competitive peer group within the U.S.

“ESRT is an industry leader in energy efficiency, sustainability, and indoor environmental quality, and that is reflected through our consistent placement at the top of Americas’ Listed Companies,” said Anthony E. Malkin, ESRT Chairman and CEO. “This significant achievement works toward our goals to lease space, sell tickets to the Empire State Building Observatory, manage our balance sheet, and lead in sustainability, which continue to attract tenants, add value for our investors, and contribute to our corporate social responsibility.”

GRESB is a rigorous standard that assesses and benchmarks the ESG performance of real assets and provides standardized and validated sustainability data to capital markets. ESRT was ranked first in the performance component for all listed companies in the Americas that includes risk assessment, energy, greenhouse gas emissions, water, and waste categories. ESRT was also globally recognized with the highest scores in leadership, policies, reporting, stakeholder engagement, targets, tenants and community, data monitoring and review, and building certification categories.

ESRT leads the commercial real estate industry in its sustainability initiatives and achievements, with proven energy efficiency and decarbonization measures to reduce operational carbon emissions as transformative factors in ESRT’s outstanding GRESB performance. ESRT achieved carbon neutrality across its portfolio in January 2022 and continues to work toward its target of Net Zero carbon emissions with an 80% reduction in operational emissions at the Empire State Building by 2030 and throughout the portfolio by 2035. The company transparently reports key sustainability targets and initiatives through its Annual Sustainability Report.

More information about ESRT’s sustainability practices can be found online.

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. ESRT’s flagship Empire State Building, the “World's Most Famous Building,” features its iconic Observatory that was declared the #1 Attraction in the World – and the #1 Attraction in the U.S. for the third consecutive year – in Tripadvisor’s 2024 Travelers’ Choice Awards: Best of the Best Things to Do. The Company is the recognized leader in energy efficiency and indoor environmental quality. As of June 30, 2024, ESRT’s portfolio is comprised of approximately 7.9 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.

Forward-Looking Statements

This press release includes "forward looking statements" within the meaning of the federal securities laws. You can identify these statements by use of words such as "assumes," "believes," "estimates," "expects," "intends," "plans," "projects" 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 ESRT’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 ESRT’s filings with the SEC and any failure of the conditions or events cited in this release. Except as may be required by law, ESRT does not undertake a duty to update any forward-looking statement, whether as a result of new information, future events or otherwise.

Source: Empire State Realty Trust, Inc.

Category: ESG