Empire State Realty Trust Ranks First of All 115 Americas’ Listed Companies and Achieves Top GRESB 5 Star Rating for Fourth Consecutive Year

Rhea-AI Summary

Empire State Realty Trust Achieves Highest GRESB Rating for Fourth Consecutive Year

Positive

• Empire State Realty Trust achieved the highest possible Global Real Estate Sustainability Benchmark (GRESB) 5 Star Rating for the fourth consecutive year with a score of 92.
• ESRT also received a score of 96 and an 'A' rating in the Public Disclosure Assessment.
• ESRT's overall score ranked first among all 115 listed companies in the Americas and first in the most competitive peer group within the U.S.

Negative

• None.

The company’s overall score ranked first in the most competitive peer group in the U.S. and scored highest on its Public Disclosure Assessment

NEW YORK--(BUSINESS WIRE)-- 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 fourth consecutive year with a score of 92. ESRT additionally received a score of 96 and an “A” rating in the Public Disclosure Assessment that measures ESG disclosure activities. ESRT’s overall score ranked first of all 115 listed companies in the Americas, first in the most competitive peer group within the U.S, and scored the highest on its Public Disclosure Assessment.

“At ESRT, our industry-leading work focuses on the ‘how’ and our best-in-class results in sustainability, energy efficiency, and healthy buildings speak for themselves,” said Anthony E. Malkin, ESRT chairman, president, and CEO. “Our entire company is focused on four priorities: points on the board in leasing, Empire State Building Observatory performance, sustainability, and balance sheet management. Our efforts deliver value to our stakeholders with our future-ready New York City portfolio of office, destination attraction, retail, and residential.”

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 achieved a perfect management score that includes scores across leadership, policies, reporting, stakeholder engagement, targets, tenants and community, data monitoring and review, and building certifications.

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 commercial 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 ESG and DE&I goals 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 REIT that owns and manages office, retail and multifamily assets in Manhattan and the greater New York metropolitan area. ESRT owns the iconic Empire State Building – the “World’s Most Famous Building” – and the newly reimagined Empire State Building Observatory that was named #1 attraction in the US for the second year in a row, in Tripadvisor’s 2023 Travelers’ Choice Awards: Best of the Best. The company is a leader in healthy buildings, energy efficiency, and indoor environmental quality. As of June 30, 2023, ESRT's portfolio is comprised of approximately 8.6 million rentable square feet of office space, 718,000 rentable square feet of retail space and 721 residential units across three multifamily properties. More information about Empire State Realty Trust can be found at esrtreit.com and by following ESRT on Facebook, Instagram, TikTok, X (formerly Twitter), 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

View source version on businesswire.com: https://www.businesswire.com/news/home/20231005373291/en/

MEDIA CONTACT:

Empire State Realty Trust

Jamie Steinberg

212-400-3339

jsteinberg@esrtreit.com

Source: Empire State Realty Trust, Inc.

FAQ

What is GRESB?

GRESB is a standard that assesses and benchmarks the ESG performance of real assets and provides sustainability data to capital markets.

What is ESRT's score in the Public Disclosure Assessment?

ESRT received a score of 96 and an 'A' rating in the Public Disclosure Assessment.

How does ESRT rank compared to other companies?

ESRT's overall score ranked first among all 115 listed companies in the Americas and first in the most competitive peer group within the U.S.

What are ESRT's sustainability goals?

ESRT aims to achieve net zero carbon emissions with an 80% reduction in operational emissions at the Empire State Building by 2030 and throughout the portfolio by 2035.