Empire State Realty Trust Inc

Common Name
Empire State Realty Trust
Country
United States
Sector
Real Estate
Industry
REIT - Diversified
Employees
667
Ticker
ESRT
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Empire State Realty Trust Inc. is a real estate investment trust (REIT) engaging primarily in owning, managing, and operating office and retail properties in Manhattan and the greater New York metropo...

Empire State Realty Trust's GHG Emissions Data Preview

In 2023, Empire State Realty Trust completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy), and Scope 3 (indirect emissions across the value chain).

Empire State Realty Trust has also provided a category-level breakdown for 1 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Unspecified Calculation Method
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Total Scope 3
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This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Empire State Realty Trust's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Empire State Realty Trust amounted to 20,831 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).

Compared to 2022, the total operational greenhouse gas (GHG) emissions of Empire State Realty Trust decreased by 14.43%, showing that the company has made progress in taking action to reduce the climate impact of its operations.

Empire State Realty Trust's Scope 1 Emissions Over Time

20182019202020212022202302 k4 k6 k8 ktCO2e-8%-24%+48%-27%-37%
  • Total Scope 1
  • Year-over-Year Change

What are Empire State Realty Trust's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Empire State Realty Trust were 3,178 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has Empire State Realty Trust reduced its Scope 1 emissions over time?

Since 2018, Empire State Realty Trust's Scope 1 emissions have decreased by 52.07%, reflecting a declining long-term trend in Scope 1 emissions over time.

Compared to the previous year (2022), Empire State Realty Trust's Scope 1 emissions decreased by 37.01%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.

What are Empire State Realty Trust's Scope 2 emissions?

In 2023, Empire State Realty Trust reported Scope 2 greenhouse gas (GHG) emissions of 8,082 tCOâ‚‚e using the market-based method, and 17,653 tCOâ‚‚e using the location-based method.

Has Empire State Realty Trust reduced its Scope 2 emissions over time?

Compared to the previous year (2022), Empire State Realty Trust's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Empire State Realty Trust 's emissions have plateaued with no significant change in its energy consumption footprint.

What methodology does Empire State Realty Trust use for Scope 2 reporting?

In 2023, Empire State Realty Trust reported its Scope 2 emissions using the market-based method and using the location-based method.

Empire State Realty Trust's Scope 2 Emissions Over Time

20182019202020212022202306 k12 k18 k24 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Empire State Realty Trust's Value Chain Emissions

In 2023, Empire State Realty Trust reported 29,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

The 2023 disclosure of Empire State Realty Trust includes a breakdown across 1 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year.

Empire State Realty Trust's Scope 3 Emissions Over Time

20182019202020212022202307.5 k15 k22.5 k30 ktCO2e-7%-18%+4%-69%+436%
  • Total Scope 3
  • Year-over-Year Change

What are Empire State Realty Trust's Scope 3 emissions?

In 2023, Empire State Realty Trust reported total Scope 3 emissions of 29,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Approximately 0% of these emissions originated from upstream activities such as purchased goods and capital goods, while 100% came from downstream activities like product use, distribution, and end-of-life treatment.

Has Empire State Realty Trust reduced its Scope 3 emissions over time?

Since 2018, Empire State Realty Trust's Scope 3 emissions have increased by 33.3%, reflecting a rising long-term trend in Scope 3 emissions over time.

Compared to the previous year (2022), Empire State Realty Trust's Scope 3 emissions increased by 435.95%, suggesting that the company faced challenges in reducing emissions across its value chain.

What categories of Scope 3 emissions does Empire State Realty Trust disclose?

In 2023, Empire State Realty Trust reported emissions for 1 out of the 15 Scope 3 categories defined by the GHG Protocol.

The limited disclosure restricts visibility into specific emission sources across the company's value chain.

What are the main sources of Empire State Realty Trust's Scope 3 emissions?

In 2023, the largest contributors to Empire State Realty Trust's Scope 3 emissions were:

  • Downstream Leased Assets (Cat. 13): 29,000 tCOâ‚‚e (100%)

Empire State Realty Trust's Scope 3 Emissions by Categories

Downstream LeasedAssets (Cat. 13)(100.0%)

Insights into Empire State Realty Trust's Total Carbon Footprint

In 2023, Empire State Realty Trust reported a total carbon footprint of 49,831 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 67.47% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.

The largest contributor to Empire State Realty Trust's total carbon footprint was Scope 3 emissions, accounting for 58.2% of the company's total carbon footprint, followed by Scope 2 emissions at 35.43%.

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