Empire State Realty Trust
Empire State Realty Trust, Inc. (ESRT), headquartered in the United States, is a prominent player in the real estate services industry, specifically focusing on the management and leasing of commercial properties. Founded in 2013, the company has rapidly established itself as a leader in the New York metropolitan area, with a portfolio that includes iconic assets such as the Empire State Building.
Specialising in office and retail spaces, ESRT is recognised for its commitment to sustainability and innovative property management practices. The firm’s unique approach to enhancing tenant experiences and maximising asset value has garnered significant attention in the market. With a strong emphasis on environmental stewardship, ESRT has achieved notable milestones, including LEED certifications for many of its properties, solidifying its position as a forward-thinking leader in the real estate sector.
+14 vs industry average
Empire State Realty Trust’s score of 42 is higher than 59% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Real Estate Services has above-average carbon intensity
Industry performance
The Real Estate Services industry has reduced its overall emissions by 42% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Empire State Realty Trust's reported carbon emissions
Empire State Realty Trust (ESRT), a real estate services company headquartered in the US, has reported its carbon emissions and set ambitious climate commitments.
For the fiscal year 2024, ESRT's total reported greenhouse gas emissions were approximately 51.6 million kg CO2e. This total is comprised of:
- Scope 1 emissions: Approximately 2.3 million kg CO2e.
- Scope 2 emissions: Approximately 7.4 million kg CO2e (market-based) and approximately 16.8 million kg CO2e (location-based).
- Scope 3 emissions: Approximately 35.6 million kg CO2e.
In 2023, the company reported total emissions of approximately 49.8 million kg CO2e, with Scope 1 emissions at approximately 3.2 million kg CO2e, Scope 2 emissions at approximately 8.1 million kg CO2e (market-based) and 17.7 million kg CO2e (location-based), and Scope 3 emissions at approximately 34.8 million kg CO2e.
ESRT has established several significant reduction targets. They aim for an 80% reduction in operational emissions (Scope 1 and 2) at the Empire State Building by 2030 and across their entire portfolio by 2035, conditional on grid decarbonisation and economic justification. Furthermore, the company is committed to maintaining carbon neutrality across its portfolio by 2035.
In alignment with the Science Based Targets initiative (SBTi), ESRT has committed to reducing its Scope 1 and 2 greenhouse gas emissions by 60.1% per square foot by 2032, using a 2018 base year. Additionally, they have committed to a 58.8% reduction in absolute Scope 3 emissions from purchased goods and services and downstream leased assets by 2032, also based on a 2018 baseline.
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Empire State Realty Trust’s Climate Goals (2030 & 2050)
3 goals2035
80% reduction in Scope 1
Target 80% operational emissions reduction at the Empire State Building by 2030 and across the portfolio by 2035 provided grid reductions oc…
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives

Science Based Targets Initiative

Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Common questions about Empire State Realty Trust’s sustainability data and climate commitments
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