Empire State Realty Trust
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 42 is higher than 94% 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 2023, Empire State Realty Trust reported total carbon emissions of approximately 17,031,000 kg CO2e, comprising 3,178,000 kg CO2e from Scope 1, 8,082,000 kg CO2e from Scope 2 (market-based), and 34,771,000 kg CO2e from Scope 3 emissions. This reflects their ongoing commitment to sustainability and climate action. The company has set ambitious targets to significantly reduce its greenhouse gas emissions. By 2032, Empire State Realty Trust aims to achieve a 60.1% reduction in Scope 1 and 2 emissions per square foot, using 2018 as the baseline year. Additionally, they are committed to reducing absolute Scope 3 emissions from purchased goods and services, as well as downstream leased assets, by 58.8% by the same year. These targets align with the Science Based Targets initiative (SBTi) and are designed to contribute to limiting global warming to 1.5°C. Empire State Realty Trust's proactive approach underscores its dedication to environmental stewardship within the real estate sector in the United States.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 4,643,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 18,491,000 | 00,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 16,722,000 | 00,000,000 | 00,000,000 | 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.
