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 65 is higher than 99% 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. This figure includes 2,309,000 kg CO2e from Scope 1 emissions, 7,361,000 kg CO2e from market-based Scope 2 emissions, and 35,618,000 kg CO2e from Scope 3 emissions. In 2023, the total emissions were about 49,831,000 kg CO2e, with Scope 1 at 3,178,000 kg CO2e, market-based Scope 2 at 8,082,000 kg CO2e, and Scope 3 at 34,771,000 kg CO2e. The company has set ambitious reduction targets, 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 is committed to achieving carbon neutrality across its portfolio by 2035. Furthermore, the company has established science-based targets, including a 60.1% reduction in Scope 1 and 2 greenhouse gas emissions per square foot by 2032 from a 2018 baseline, and a 58.8% reduction in absolute Scope 3 emissions from purchased goods and services and downstream leased assets by the same year. These commitments align with the 1.5°C climate goal, demonstrating the company's dedication to sustainable practices and climate responsibility.
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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 |
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 participating in some of the initiatives that 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.
