SL Green Awarded the WELL Health-Safety Rating for Entire Portfolio

Rhea-AI Summary

SL Green Realty Corp. (NYSE:SLG) has achieved the WELL Health-Safety Rating for its entire 23 million square foot core portfolio, including One Vanderbilt Avenue, following its recent headquarters relocation. This evidence-based rating from the International WELL Building Institute validates SL Green’s operational response to COVID-19, enhancing health standards and tenant confidence. The initiatives include improved cleaning, air quality management, and stakeholder engagement, forming part of SL Green Forward, their comprehensive COVID-19 strategy to ensure safety for tenants and visitors.

Positive

• Achieved WELL Health-Safety Rating for entire 23 million sq ft portfolio.
• Enhanced tenant confidence and safety through comprehensive health initiatives.
• Implemented multiple health and safety features including increased cleaning and air quality management.

Negative

• None.

SL Green Realty Corp. (NYSE:SLG), Manhattan’s largest office landlord, today announced it has earned the WELL Health-Safety Rating across its entire 23 million square foot core portfolio, including at One Vanderbilt Avenue, one month after SL Green moved its headquarters into the sky-line defining tower in the heart of East Midtown. The WELL Health-Safety Rating is an evidence-based rating verified through the International WELL Building Institute (IWBI) that focuses on operational policies, maintenance protocols, stakeholder engagement, and emergency plans to address a post-COVID-19 environment.

Achieving the WELL Health-Safety Rating across the entire core portfolio is a testament to the effectiveness of SL Green’s response to the new operating conditions under COVID-19. The company is at the forefront of instituting new policies and initiatives to protect occupant health and to keep tenants and employees informed through a comprehensive COVID-19 plan called SL Green Forward. SL Green Forward is an extension of the company’s best-in-class operating platform to promote a high degree of safety, cleanliness, and wellness for all building occupants.

“Our goal is to make our tenants and their employees, our dedicated SL Green staff, our vendors, and everyone who visits our properties confident that they are entering buildings that are safe and healthy. We have done everything in our power to ensure our portfolio is industry-leading and we will continue to take extraordinary steps to maintain the most stringent health and safety standards,” said Edward V. Piccinich, Chief Operating Officer, SL Green Realty Corp.

To achieve the WELL Health-Safety Rating, SL Green has implemented features across 5 different categories: Cleaning and Sanitization Procedures, Emergency Preparedness Programs, Health Service Resources, Air and Water Quality Management, and Stakeholder Engagement and Communication. These features include increasing cleaning frequency, installing the highest efficiency filters and passive thermal scanners, applying social distancing markers, establishing a reentry plan to address physical distancing, and modifying system controls to boost the supply of outdoor air.

The WELL Health-Safety Rating provides a centralized source and governing body to validate efforts made by owners and operators. It leverages insights drawn from the IWBI Task Force on COVID-19, in addition to guidance on the spread of COVID-19 and other respiratory infections developed by the World Health Organization (WHO), U.S. Centers for Disease Control and Prevention (CDC), global disease control and prevention centers, and emergency management agencies. The WELL Health-Safety Rating also incorporates guidance from recognized standard-making associations such as ASTM International and ASHRAE, leading academic and research institutions, and the core principles already established by IWBI’s WELL Building Standard.

To learn more, visit SL Green’s website at sustainability.slgreen.com.

About SL Green

SL Green Realty Corp., Manhattan's largest office landlord, is a fully integrated real estate investment trust, or REIT, that is focused primarily on acquiring, managing and maximizing value of Manhattan commercial properties. As of December 31, 2020, SL Green held interests in 88 buildings totaling 38.2 million square feet. This included ownership interests in 28.6 million square feet of Manhattan buildings and 8.7 million square feet securing debt and preferred equity investments.

Forward Looking Statement

This press release includes certain statements that may be deemed to be “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and are intended to be covered by the safe harbor provisions thereof. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that we expect, believe or anticipate will or may occur in the future, are forward-looking statements. Forward-looking statements are not guarantees of future performance and actual results or developments may differ materially, and we caution you not to place undue reliance on such statements. Forward-looking statements are generally identifiable by the use of the words “may,” “will,” “should,” “expect,” “anticipate,” “estimate,” “believe,” “intend,” “project,” “continue,” or the negative of these words, or other similar words or terms.

Forward-looking statements contained in this press release are subject to a number of risks and uncertainties, many of which are beyond our control, that may cause our actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by forward-looking statements made by us. Factors and risks to our business that could cause actual results to differ from those contained in the forward-looking statements include risks and uncertainties related to the on-going COVID-19 pandemic and the duration and impact it will have on our business and the industry as a whole and the other risks and uncertainties described in our filings with the Securities and Exchange Commission. Except to the extent required by law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of future events, new information or otherwise.

SLG – SUST

Source: SL Green Realty Corp.

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FAQ

What is the WELL Health-Safety Rating achieved by SL Green Realty?

The WELL Health-Safety Rating is an evidence-based certification from the International WELL Building Institute that validates operational policies and health safety measures in buildings.

How large is SL Green Realty's core portfolio?

SL Green Realty's core portfolio covers 23 million square feet.

What initiatives are included in SL Green Forward?

SL Green Forward includes enhanced cleaning procedures, air quality management, emergency preparedness programs, and communication strategies to ensure occupant health.

When did SL Green move its headquarters to One Vanderbilt Avenue?

SL Green moved its headquarters to One Vanderbilt Avenue recently, coinciding with the achievement of the WELL Health-Safety Rating.

What does the WELL Health-Safety Rating signify for tenants?

The WELL Health-Safety Rating signifies that SL Green has implemented rigorous health and safety measures to protect tenants and enhance their experience in the building.