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) | 2023 | 2022 | 2021 | 2020-2019 |
|---|---|---|---|---|
Total Scope 1 | 3,178a | 5,045a | 6,888a | |
Total Scope 2 | ||||
Market-Based | 8,082a | 8,834a | N/A | |
Location-Based | 17,653a | 19,300a | 21,002a | |
Unspecified Calculation Method | N/A | N/A | N/A | |
Total Scope 3 | 29,000a | 5,411a | 17,341a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 4.2971a | 6.9391a | 11.0368a |
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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
In 2023, the total Scope 1 emissions of Empire State Realty Trust were 3,178 metric tons of CO₂ equivalent (tCO₂e).a
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
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
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
In 2023, Empire State Realty Trust reported its Scope 2 emissions using the market-based method and using the location-based method.a
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
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
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
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.
In 2023, the largest contributors to Empire State Realty Trust's Scope 3 emissions were:a
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
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 3.71, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2023, Empire State Realty Trust ranked 14 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
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