Empire State Realty Trust Reaches Carbon Neutrality for Commercial Portfolio
Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that it achieved carbon neutrality for its 9.9 million square foot commercial portfolio through a combination of its industry leadership in building energy-efficiency retrofit work and a new three-year agreement with 18 Reserves and ACT. The new agreement supports the preservation of close to 9,000 acres of biodiverse forest that will offset 100% of ESRT's non-electric fossil fuel usage
Additional 100% Offset of Non-Electric Usage Through Preservation Support of 9k Acres of Biodiverse Forest
ESRT previously offset electricity with 100% renewable wind power throughout the portfolio
NEW YORK, Sept. 22, 2022 /PRNewswire/ -- Empire State Realty Trust, Inc. (NYSE: ESRT) announced today that it achieved carbon neutrality for its 9.9 million square foot commercial portfolio through a combination of its industry leadership in building energy-efficiency retrofit work and a new three-year agreement with 18 Reserves and ACT. The new agreement supports the preservation of close to 9,000 acres of biodiverse forest that will offset 100% of ESRT's non-electric fossil fuel usage.
ESRT's continued leadership in sustainability and energy efficiency has already reduced greenhouse gas emissions at the Empire State Building by 54% and the entire commercial portfolio by 43%. ESRT recently published the " Empire Building Playbook: An Owner's Guide to Low Carbon Retrofits " – co-developed with NYSERDA and supported by other NYC-based landlords and the Clinton Global Initiative – to guide building owners in the steps to achieve carbon neutrality through emissions reduction with less dependence on offsets and a proven return on investment.
