Country for PR: United States
Contributor: PR Newswire New York
Wednesday, November 25 2020 - 04:17
Empire State Realty Trust Achieves GRESB 5 Star Rating in First Year of Participation
NEW YORK, Nov. 25, 2020 /PRNewswire-AsiaNet/ --

In its first year of submission to GRESB, Empire State Realty Trust (NYSE: 
ESRT) earned the highest possible GRESB 5 Star Rating and Green Star 
recognition, and score of 88, in the 2020 GRESB Real Estate Assessment, an 
achievement that places ESRT in the top 20% of all respondents.

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"ESRT to date has never submitted its work on Energy Efficiency, 
Sustainability, and Indoor Environmental Quality.  To achieve this result in 
our first year is a testament to our more than a decade of work and the 
leadership of Dana Robbins Schneider, our SVP, Energy and Sustainability and 
Director of ESG," said Anthony E. Malkin, Chairman, President, and CEO.

GRESB is recognized globally as a rigorous standard widely recognized as one of 
the best measures of sustainability performance of real estate companies and 
funds. This recognition and inclusion in the top five of one of the most 
competitive GRESB peer groups in the United States demonstrates ESRT's industry 
leadership and innovative approach to environmental, social, and governance 
practices (ESG) in the real estate industry.  

ESRT is proud to rank approximately 10 points higher than our peer group 
average and almost 20 points higher than the global GRESB Average in its first 
year of submission. ESRT achieved an A rating, which is the highest possible 
score on GRESB Public Disclosure. GRESB Public Disclosure evaluates performance 
of over 450 listed property companies and REITs and evaluates indicators 
aligned with the GRESB Real Estate Assessment.

Empire State Realty Trust's portfolio is comprised of over 10.1 million square 
feet, which includes the iconic, global landmark, the Empire State Building. 
This achievement validates ESRT's commitment to sustainability and proven 
performance in energy, water, waste, and greenhouse gas emissions. ESRT is also 
the first portfolio in the US to earn the WELL Health-Safety Rating, a science 
and evidence-based validation that ESRT has implemented the highest standard of 
health and safety measures. The rating aligns with ESRT's commitment to Indoor 
Environment Quality and intensive proactive response to the global pandemic. 
ESRT has publicly announced sustainability goals and is the most 
energy-efficient REIT in New York City.

Each year GRESB assesses and benchmarks the ESG performance of real assets 
worldwide. The GRESB Assessments are guided by what investors and the industry 
consider to be material issues in the sustainability performance of real asset 
investments and are aligned with international reports on frameworks, goals, 
and emergent regulations.

"To achieve a GRESB 5 Star designation in the first submission year, while 
extremely rare, is exactly where I expected to find Empire State Realty Trust," 
remarked Dan Winters GRESB Head of Americas. "Their leadership, thoughtful 
approach to energy efficiency and environmental-friendly outcomes put the firm 
at the top of the 2020 global benchmark."   

"Sustainability is ingrained into who we are and what we do every day. We 
leverage our embedded sustainability expertise and engagement in the industry 
to define sustainability in real estate. As leaders in ESG, our practices drive 
our company's strategy and deliver long-term value for our investors, 
shareholders, tenants, employees, and the communities where we live and work.  
ESRT is part of the fabric of New York City, and is committed to the 
integration of impactful ESG practices in every aspect of our business," said 
Dana Robbins Schneider, SVP of Energy and Sustainability and Director of ESG. 

About Empire State Realty Trust  
Empire State Realty Trust, Inc. (NYSE: ESRT) owns, manages, operates, acquires 
and repositions office and retail properties in Manhattan and the greater New 
York metropolitan area, including the Empire State Building, the "World's Most 
Famous Building." ESRT is a leader in energy efficiency in the built 
environment and sustainability, and is the first commercial real estate 
portfolio in the U.S. to achieve the WELL Health-Safety Rating, an 
evidence-based, third-party verified rating for all facility types, focused on 
operational policies, maintenance protocols, emergency plans and stakeholder 
education to address a COVID-19 environment now and broader health and 
safety-related issues into the future. The Company's office and retail 
portfolio covers 10.1 million rentable square feet, as of  September 30, 2020, 
consisting of 9.4 million rentable square feet in 14 office properties, 
including nine in Manhattan, three in Fairfield County, Connecticut, and two in 
Westchester County, New York; and approximately 700,000 rentable square feet in 
the retail portfolio. 

About GRESB 
GRESB is a mission-driven and investor-led organization providing standardized 
and validated Environmental, Social and Governance (ESG) data to the capital 
markets. Established in 2009, GRESB has become the leading ESG benchmark for 
real estate and infrastructure investments across the world. In 2020 alone, 
more than 1,200 real estate portfolios reported to GRESB covering more than 
96,000 assets. Our coverage for infrastructure includes more than 540 
infrastructure portfolios and assets. Combined, the reported assets represent 
US $5.3 trillion AUM. The data is used by more than 100 institutional and 
financial investors to monitor investments across portfolios and navigate the 
strategic choices needed for the industry to transition to a more sustainable 

SOURCE: Empire State Realty Trust, Inc.

CONTACT: Bianca Pappas, 212-736-3100,