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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)202320222021
2020 - 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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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Limited Data Preview
You are viewing a limited preview of Empire State Realty Trust’s GHG emissions dataset. The full dataset, available for download, includes Scope 1, 2, and 3 emissions with detailed category-level breakdowns, historical coverage back to 2019, and revenue-based intensity metrics for each scope.
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Verified Sources Behind Empire State Realty Trust’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Empire State Realty Trust’s data sources below and access millions more through our Disclosure Search.

a. Empire State Realty Trust's Sustainability Report 2023
b. Empire State Realty Trust's Sustainability Report 2021

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).a

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.a

Empire State Realty Trust's Scope 1 Emissions Over Time

2019202020212022202302 k4 k6 k8 ktCO2e-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 CO₂ equivalent (tCO₂e).a

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

Since 2019, Empire State Realty Trust's Scope 1 emissions have decreased by 47.99%, reflecting a declining long-term trend in Scope 1 emissions over time.ab

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.a

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 tCO₂e using the market-based method and 17,653 tCO₂e using the location-based method.a

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.a

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.a

Empire State Realty Trust's Scope 2 Emissions Over Time

2019202020212022202306 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 CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a

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.a

Empire State Realty Trust's Scope 3 Emissions Over Time

2019202020212022202307.5 k15 k22.5 k30 ktCO2e-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 CO₂ equivalent (tCO₂e).a

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.a

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

Since 2019, Empire State Realty Trust's Scope 3 emissions have increased by 42.73%, reflecting a rising long-term trend in Scope 3 emissions over time.ab

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.a

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.a

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:a

  • Downstream Leased Assets (Cat. 13): 29,000 tCO₂e (100%)

Empire State Realty Trust's Scope 3 Emissions by Categories

Downstream LeasedAssets (Cat. 13)(100.0%)

Insights into Empire State Realty Trust’s GHG Emissions Intensity Compared to Industry Peers

In 2023, Empire State Realty Trust reported Scope 1 greenhouse gas (GHG) emissions of 3,178 tCO₂e and total revenues of USD 740 millions. This translates into an emissions intensity of 4.3 tCO₂e per millions USD.a

Empire State Realty Trust's Scope 1 Emissions Intensity Compared to Peers

101001,00010,000100,000Scope 1 Emissions (tCO2e)1002001,0002,00010,000Revenues (Millions of USD)Kennedy-Wilson HoldingsYear: 2023Scope 1: 12,989 tCO2eRevenue: $M 563Scope 1 Intensity: 23.09 tCO2e/$MDouglas EmmettYear: 2023Scope 1: 6,773 tCO2eRevenue: $M 1,020Scope 1 Intensity: 6.64 tCO2e/$MGaming and Leisure PropertiesYear: 2023Scope 1: 20 tCO2eRevenue: $M 1,444Scope 1 Intensity: 0.01 tCO2e/$MWP CareyYear: 2024Scope 1: 4,800 tCO2eRevenue: $M 1,583Scope 1 Intensity: 3.03 tCO2e/$MApple Hospitality REITYear: 2024Scope 1: 29,790 tCO2eRevenue: $M 1,431Scope 1 Intensity: 20.81 tCO2e/$MPebblebrook Hotel TrustYear: 2024Scope 1: 25,205 tCO2eRevenue: $M 1,453Scope 1 Intensity: 17.34 tCO2e/$MHudson Pacific PropertiesYear: 2023Scope 1: 13,272 tCO2eRevenue: $M 952Scope 1 Intensity: 13.94 tCO2e/$MEquity LifeStyle PropertiesYear: 2023Scope 1: 17,700 tCO2eRevenue: $M 1,404Scope 1 Intensity: 12.60 tCO2e/$MHighwoods PropertiesYear: 2024Scope 1: 2,480 tCO2eRevenue: $M 826Scope 1 Intensity: 3.00 tCO2e/$MAmerican Healthcare REITYear: 2024Scope 1: 45,214 tCO2eRevenue: $M 2,071Scope 1 Intensity: 21.84 tCO2e/$MDiamondrock HospitalityYear: 2020Scope 1: 14,046 tCO2eRevenue: $M 299Scope 1 Intensity: 46.90 tCO2e/$MMedical Properties TrustYear: 2022Scope 1: 4,835 tCO2eRevenue: $M 1,543Scope 1 Intensity: 3.13 tCO2e/$MCousins PropertiesYear: 2023Scope 1: 366 tCO2eRevenue: $M 803Scope 1 Intensity: 0.46 tCO2e/$MBroadstone Net LeaseYear: 2024Scope 1: 361 tCO2eRevenue: $M 432Scope 1 Intensity: 0.84 tCO2e/$MVICI PropertiesYear: 2024Scope 1: 821 tCO2eRevenue: $M 3,849Scope 1 Intensity: 0.21 tCO2e/$MKilroy RealtyYear: 2023Scope 1: 4,765 tCO2eRevenue: $M 1,130Scope 1 Intensity: 4.22 tCO2e/$MOUTFRONT MediaYear: 2024Scope 1: 3,747 tCO2eRevenue: $M 1,831Scope 1 Intensity: 2.05 tCO2e/$MHealthcare Realty TrustYear: 2024Scope 1: 23,063 tCO2eRevenue: $M 1,249Scope 1 Intensity: 18.46 tCO2e/$MMacerichYear: 2024Scope 1: 30,779 tCO2eRevenue: $M 918Scope 1 Intensity: 33.52 tCO2e/$MBrixmor Property GroupYear: 2023Scope 1: 3,414 tCO2eRevenue: $M 1,245Scope 1 Intensity: 2.74 tCO2e/$MEssex Property TrustYear: 2024Scope 1: 28,969 tCO2eRevenue: $M 1,774Scope 1 Intensity: 16.33 tCO2e/$MFederal RealtyYear: 2024Scope 1: 3,186 tCO2eRevenue: $M 1,202Scope 1 Intensity: 2.65 tCO2e/$MSL Green RealtyYear: 2023Scope 1: 3,991 tCO2eRevenue: $M 914Scope 1 Intensity: 4.37 tCO2e/$MPotlatchdelticYear: 2024Scope 1: 45,000 tCO2eRevenue: $M 1,062Scope 1 Intensity: 42.37 tCO2e/$MKite Realty Group TrustYear: 2024Scope 1: 2,617 tCO2eRevenue: $M 842Scope 1 Intensity: 3.11 tCO2e/$MEmpire State Realty TrustYear: 2023Scope 1: 3,178 tCO2eRevenue: $M 740Scope 1 Intensity: 4.30 tCO2e/$M

How does Empire State Realty Trust's GHG emissions intensity compare to its peers?

In 2023, Empire State Realty Trust reported a Scope 1 emissions intensity of 4.3 tCO₂e per millions USD. Compared to the peer group median of 4.37, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a

Where does Empire State Realty Trust rank on GHG emissions intensity within its industry?

In 2023, Empire State Realty Trust ranked 13 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a

Empire State Realty Trust is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a

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 CO₂ equivalent (tCO₂e) 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.a

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%.a

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