Empire State Realty Trust, Inc. (NYSE: ESRT) announced that it was selected as a 2022 Platinum Green Lease Leader by the U.S. Department of Energy’s (DOE) Better Buildings Alliance and the Institute for Market Transformation (IMT). With this award, ESRT is recognized for its integration of high-performance leasing and sustainability practices into business operations which deliver energy efficiency, cost savings, air quality, and sustainability for our tenants. ESRT is one of only nine awardees to achieve the Platinum distinction.
“ESRT’s long standing commitment to these initiatives across our portfolio has been a key factor for the attraction of high credit quality tenants with aligned goals,” said ESRT’s Executive Vice President and Chief Financial Officer, Christina Chiu. “As we achieve important ESG targets, wealso achieve ROI and savings benefits from these practices which benefit ESRT, our valued tenants, and our investors for whom this is competitive advantage.”
ESRT’s work has proven that building efficiency measures – along with planned renewable changes in power supply to the grid – will achieve city-wide and global long-term targets of 80% reduction of GHG by 2050. ESRT plans to achieve this goal of 80% operational emissions reduction at the Empire State Building by 2030 and portfolio-wide by 2035.
“Tenants automatically achieve long-term goals for carbon neutrality, Local Law 97 compliance, and healthy buildings at an affordable price point when they choose an ESRT building,” said Dana Robbins Schneider, SVP director of energy, sustainability, and ESG. “More than 50% of energy usage in commercial buildings comes from tenant spaces, so partnership with our tenants on energy-efficient designs and operational practices is paramount to achieve key goals for waste diversion, emissions, energy, and water reduction.”
Green Lease Leaders sets national standards for what constitutes a green lease and recognizes landlords and tenants who modernize their leases to spur collaborative action on energy efficiency, cost savings, air quality, and sustainability in buildings. To achieve this recognition, ESRT qualified for credits in energy efficiency and sustainability best practices such as utility data tracking and sharing, cost recovery for capital improvements, and sustainability training.
ESRT regularly takes steps to reduce the environmental impact of our portfolio of more than 10 million rentable square feet of commercial and retail space. We make investments and adjust our practices to achieve quantifiable improvement in energy efficiency, carbon emissions reduction, water efficiency, waste diversion, healthy buildings, and the wellness of our tenants and employees. ESRT recently reported its major accomplishments, transparent metrics, and forward-looking goals for energy, sustainability, and DE&I in its annual Sustainability Report.