(NYSE: ESRT) today shared its
2020 Sustainability Report that details the current state of its ESG, Healthy Buildings, and Indoor Environmental Quality accomplishments and recognition. The report sets forth ESRT s quantified goals and commitments to lead the industry towards a net zero future; and transparent metrics and disclosure around diversity with measurable goals for continued improvement which include:
Net-zero carbon emissions across its entire real estate portfolio by 2035
Net-zero carbon emissions for the Empire State Building by 2030
20 percent reduction of energy use intensity by 2024, in alignment with the U.S. Department of Energy Better Buildings Challenge
Five percent annual reduction in waste generation
Empire State Realty Trust Releases Inaugural Sustainability Report: Major Achievements, Net Zero Goals, Healthy Buildings, Indoor Environmental Quality, and DE&I Metrics
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The Empire State Building takes on a new iconic state completely powered with renewable energy. An announcement by Empire State Realty Trust confirmed that its entire commercial real estate portfolio will now be powered by renewable wind electricity.
The three-year contract with Green Mountain Energy, a leading renewable energy provider in Vermont, makes Empire State Realty Trust (ESRT) the largest user of renewable energy in real estate, totaling 10.1 million square feet of real estate, The Hill reported.
“ESRT is the leader in sustainable operations with a viable example of how to scale carbon neutral technologies, strategies and policies to balance with an effective economic business case,” Dana Robbins Schneider, SVP, director of energy, sustainability & ESG at Empire State Realty Trust, said. “We have purchased renewable power from Green Mountain E
Empire State Realty Trust (ESRT) Q4 2020 Earnings Call Transcript Motley Fool Transcribing © The Motley Fool Logo of jester cap with thought bubble.
Empire State Realty Trust (NYSE: ESRT)
Q4 2020 Earnings Call
Greetings, and welcome to the Empire State Realty Trust fourth-quarter and full-year 2020 earnings call. [Operator instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce Tom Keltner, general counsel. Thank you, you may begin.
Tom Keltner
General Counsel
Good afternoon. Thank you for joining us today for Empire State Realty Trust s fourth-quarter 2020 earnings conference call. In addition to the press release distributed yesterday, a quarterly supplemental package with further detail on our results and our latest investor presentation were posted in the Investors section of the company s website at empirestaterealtytrust.com. On today s call, management s prepared remarks and answers to your question
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Empire State Realty Trust Inc. (NYSE: ESRT) has signed a three-year contract with
NRG Energy (NYSE: NRG) subsidiary Green Mountain Energy that will expand the power sourcing for Empire State s portfolio into 100% renewable wind energy.
What Happened: The contract will enable Empire State to purchase more than 300 million kilowatt-hours of renewable energy to power its office property portfolio, which covers more than 10.1 million square feet in Manhattan and the suburban Westchester and Connecticut markets.
According to the companies, Green Mountain Energy won the contract through competitive bidding and created a custom rate structure for Empire State s New York properties based on market conditions for both energy and capacity.
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