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Real Estate Services
US
updated 3 days ago

Vornado Realty Trust

Company website

Vornado Realty Trust, commonly referred to as Vornado, is a prominent real estate investment trust (REIT) headquartered in the United States. Established in 1982, Vornado has built a strong presence in major markets, particularly in New York City and Washington, D.C. The company focuses on the acquisition, development, and management of high-quality office and retail properties, distinguishing itself through its innovative approach to urban real estate. With a diverse portfolio that includes iconic buildings and mixed-use developments, Vornado has achieved significant milestones, including strategic partnerships and successful redevelopment projects. Renowned for its commitment to sustainability and design excellence, Vornado Realty Trust continues to solidify its position as a leader in the real estate industry, consistently delivering value to its investors and tenants alike.

DitchCarbon Score

How does Vornado 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.

40

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.

27

Industry Benchmark

Vornado Realty Trust's score of 40 is higher than 62% of the industry. This can give you a sense of how well the company is doing compared to its peers.

62%

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Vornado Realty Trust's reported carbon emissions

In 2023, Vornado Realty Trust reported total carbon emissions of approximately 1,154,000 kg CO2e, comprising 694,000 kg CO2e from Scope 1, 445,000 kg CO2e from Scope 2 (location-based), and 15,000 kg CO2e from Scope 3 (downstream leased assets). This represents a significant achievement, as the company has reduced its Scope 1 and 2 emissions by about 66% from a 2019 baseline, amounting to 70,154 metric tons CO2e as of 2023. Vornado has committed to ambitious climate targets, having set a Science Based Targets initiative (SBTi) goal to reduce its Scope 1 and 2 emissions intensity by 64% per square foot by 2030, using 2019 as the base year. This commitment includes biogenic emissions and removals from bioenergy feedstocks. The company’s proactive approach to sustainability reflects its dedication to aligning with global climate goals, aiming to keep warming to 1.5°C. Overall, Vornado Realty Trust's emissions data and climate commitments underscore its role in the real estate sector's transition towards a more sustainable future.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

20192020202120222023
Scope 1
28,577,000
00,000,000
00,000,000
00,000,000
00,000,000
Scope 2
177,977,000
000,000,000
00,000,000
00,000,000
00,000,000
Scope 3
65,512,000
00,000,000
00,000,000
00,000,000
00,000,000

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Vornado Realty Trust's primary industry is Real estate services (70), which is low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Vornado Realty Trust is in US, which has a low grid carbon intensity relative to other regions.

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.

Vornado 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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Where does DitchCarbon data come from?

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