Empire State Realty Trust
Empire State Realty Trust, Inc. (ESRT) is a prominent real estate investment trust headquartered in New York City, with a significant presence in the metropolitan area. Founded in 2013, the company has rapidly established itself within the commercial real estate industry, focusing primarily on the ownership, operation, and management of office and retail properties. ESRT is best known for its flagship asset, the iconic Empire State Building, which exemplifies its commitment to sustainability and innovation. The company’s portfolio includes a diverse range of high-quality properties that stand out for their strategic locations and modern amenities. With a strong market position, Empire State Realty Trust has achieved notable milestones, including recognition for its environmentally friendly practices and significant contributions to urban revitalisation.
DitchCarbon Score
How does Empire State Realty Trust's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Real Estate Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Empire State Realty Trust's score of 30 is higher than 61% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Empire State Realty Trust's reported carbon emissions
In 2022, Empire State Realty Trust reported total greenhouse gas emissions of approximately 39.4 million tonnes CO2e, comprising 6.8 million tonnes CO2e from Scope 1, 14.0 million tonnes CO2e from Scope 2, and 23.9 million tonnes CO2e from Scope 3 emissions. This data highlights the company's significant carbon footprint across its operations. Empire State Realty Trust has set ambitious climate commitments, aiming to reduce its Scope 1 and 2 greenhouse gas emissions by 60.1% per square foot by 2032, using 2018 as the baseline year. Additionally, the company targets a 58.8% reduction in absolute Scope 3 emissions, which include emissions from purchased goods and services as well as downstream leased assets, also by 2032. These targets align with the Science Based Targets initiative (SBTi) and are designed to contribute to global efforts to limit temperature rise to 1.5°C. The company's commitment to sustainability is reflected in its ongoing initiatives to enhance energy efficiency and reduce overall emissions intensity, demonstrating a proactive approach to climate change within the real estate sector.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project2020 | 2022 | |
|---|---|---|
| Scope 1 | 4,463,000 | 0,000,000 |
| Scope 2 | 18,491,000 | 00,000,000 |
| Scope 3 | 16,722,000 | 00,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Empire State Realty Trust is committed to some reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
