Empire State Realty Trust Sustainability Profile
Empire State Realty Trust, Inc. (ESRT) is a prominent real estate investment trust (REIT) headquartered in the United States, primarily operating in New York City and the surrounding regions. Founded in 2013, the company has quickly established itself as a leader in the commercial real estate sector, focusing on the ownership, operation, and management of iconic properties, including the renowned Empire State Building. ESRT's portfolio features a diverse range of office and retail spaces, distinguished by their prime locations and sustainable design practices. The company is committed to enhancing tenant experiences through innovative amenities and cutting-edge technology. With a strong market position, Empire State Realty Trust has achieved notable milestones, including recognition for its sustainability initiatives and a commitment to community engagement, solidifying its reputation as a forward-thinking leader in the real estate industry.
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 67 is higher than 81% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Empire State Realty Trust's reported carbon emissions
In 2024, Empire State Realty Trust reported total carbon emissions of approximately 51,641,000 kg CO2e, comprising 2,309,000 kg CO2e from Scope 1, 7,361,000 kg CO2e from Scope 2 (market-based), and 35,618,000 kg CO2e from Scope 3 emissions. This marks a slight increase from 2023, where total emissions were about 49,831,000 kg CO2e, with Scope 1 emissions at 3,178,000 kg CO2e, Scope 2 at 8,082,000 kg CO2e (market-based), and Scope 3 at 34,771,000 kg CO2e. The company has set ambitious climate commitments, aiming for an 80% reduction in operational emissions at the Empire State Building by 2030 and across its portfolio by 2035, contingent on grid reductions and economic viability. Additionally, Empire State Realty Trust has committed to achieving carbon neutrality across its portfolio by 2035. In terms of specific reduction targets, the company has established near-term goals to reduce Scope 1 and 2 greenhouse gas emissions by 60.1% per square foot by 2032, using 2018 as the base year. For Scope 3 emissions, a reduction target of 58.8% has been set for purchased goods and services and downstream leased assets by 2032. These targets align with the Science Based Targets initiative (SBTi) and are designed to support the global effort to limit warming to 1.5°C. The company’s emissions data and reduction initiatives reflect a commitment to sustainability and responsible environmental stewardship within the real estate sector.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 4,643,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 18,491,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 16,722,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
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Empire State Realty Trust's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Empire State Realty Trust has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
Frequently Asked Questions
Common questions about Empire State Realty Trust's sustainability data and climate commitments