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Vornado Realty Trust, frequently known simply as Vornado, is a leading, fully integrated real estate investment trust (REIT) headquartered in the United States. Established in 1962, it has grown to become one of the largest owners and managers of high-quality commercial real estate in the nation.
Specialising in premier office and street retail properties, Vornado's extensive portfolio is predominantly concentrated in key urban markets, including New York City, Chicago, and San Francisco. Its core services encompass the strategic ownership, acquisition, development, redevelopment, and proactive management of these significant assets.
Within the real estate services industry, Vornado is distinguished by its focus on exceptionally located properties, delivering substantial value to its tenants and shareholders. The trust is renowned for its expertise in optimising and enhancing prime urban commercial spaces.
35
DitchCarbon score
+6 vs industry average
Vornado Realty Trust’s score of 35 is higher than 51% 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
High
Real Estate Services has above-average carbon intensity
Industry performance
0.221
20182025
The Real Estate Services industry has reduced its overall emissions by 17% since 2018
Emissions trajectory 2020 – 2028
202020212022202320242025202620272028
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Vornado Realty Trust's reported carbon emissions
Vornado Realty Trust reported total emissions of approximately 183,469,000 kg CO2e in 2025. This includes Scope 1 emissions of 23,776,000 kg CO2e, market-based Scope 2 emissions of 30,652,000 kg CO2e, and Scope 3 emissions from downstream leased assets of 92,440,000 kg CO2e.
Looking back, their total emissions were approximately 193,089,000 kg CO2e in 2024, and approximately 186,300,000 kg CO2e in 2023.
Vornado Realty Trust has committed to reducing its Scope 1 and Scope 2 GHG emissions intensity by 64% per square foot by 2030, using a 2019 base year. This Science Based Targets initiative (SBTi) commitment was made in 2021 and aligns with a 1.5°C warming scenario. As of 2023, Vornado Realty Trust has already achieved a 66% reduction in its Scope 1 and Scope 2 emissions over its 2019 baseline, reaching 70,154 metric tons CO2e.
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Vornado Realty Trust’s Climate Goals (2030 & 2050)
2 goals2030
64% reduction in Scope 1
Vornado Realty Trust commits to reduce scope 1 GHG emissions 64% per square foot by 2030 from a 2019 base year.
Insufficient data64%
2030
64% reduction in Scope 2
Vornado Realty Trust commits to reduce scope 2 GHG emissions 64% per square foot by 2030 from a 2019 base year.
Insufficient data64%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
1 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
See details
Active
Carbon Disclosure Project
2025 disclosureSee details
Not active
The Climate Pledge
See details
Not active
UN Global Compact Climate Champions initiative
See details
Not active
RE 100
See details
Not active
Climate Action 100
See details
Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Vornado Realty Trust6 months ago
35
Frequently asked questions
Common questions about Vornado Realty Trust’s sustainability data and climate commitments
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