Vornado Realty Trust

Country
United States
Sector
Real Estate
Industry
REIT - Office
Employees
2,996
Ticker
VNO
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Vornado Realty Trust is a prominent real estate investment trust (REIT) focused primarily on the ownership and management of office properties. It plays a critical role in the real estate sector by op...

Vornado Realty Trust's GHG Emissions Data Preview

In 2024, Vornado 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).

Vornado 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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0000000
Total Scope 2
Market-Based
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0000000
Location-Based
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0000000
Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Vornado 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 Vornado Realty Trust’s data sources below and access millions more through our Disclosure Search.

a. Vornado Realty Trust's Sustainability Report 2024
a. Vornado Realty Trust's Sustainability Report 2024

Insights into Vornado Realty Trust's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Vornado Realty Trust amounted to 92,082 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 2023, the total operational greenhouse gas (GHG) emissions of Vornado Realty Trust decreased by 0.24%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a

Vornado Realty Trust's Scope 1 Emissions Over Time

20192020202120222023202406 k12 k18 k24 ktCO2e+6%-1%+10%-3%+4%
  • Total Scope 1
  • Year-over-Year Change

What are Vornado Realty Trust's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Vornado Realty Trust were 22,586 metric tons of CO₂ equivalent (tCO₂e). a

Has Vornado Realty Trust reduced its Scope 1 emissions over time?

Since 2019, Vornado Realty Trust's Scope 1 emissions have increased by 15.95%, reflecting a rising long-term trend in Scope 1 emissions over time. a

Compared to the previous year (2023), Vornado Realty Trust's Scope 1 emissions increased by 3.79%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a

What are Vornado Realty Trust's Scope 2 emissions?

In 2024, Vornado Realty Trust reported Scope 2 greenhouse gas (GHG) emissions of 29,392 tCO₂e using the market-based method and 69,496 tCO₂e using the location-based method. a

Has Vornado Realty Trust reduced its Scope 2 emissions over time?

Since 2019, Vornado Realty Trust's Scope 2 greenhouse gas (GHG) emissions ( Location-Based) have decreased by 33%, reflecting a declining long-term trend in Scope 2 emissions over time. a

Compared to the previous year (2023), Vornado Realty Trust's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Vornado Realty Trust 's emissions have plateaued with no significant change in its energy consumption footprint. a

What methodology does Vornado Realty Trust use for Scope 2 reporting?

In 2024, Vornado Realty Trust reported its Scope 2 emissions using the market-based method and using the location-based method. a

Vornado Realty Trust's Scope 2 Emissions Over Time

201920202021202220232024030 k60 k90 k120 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Vornado Realty Trust's Value Chain Emissions

In 2024, Vornado Realty Trust reported 101,007 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 2024 disclosure of Vornado Realty Trust includes a breakdown across 1 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year. a

Vornado Realty Trust's Scope 3 Emissions Over Time

201920202021202220232024030 k60 k90 k120 ktCO2e-16%+3%+42%-8%+7%
  • Total Scope 3
  • Year-over-Year Change

What are Vornado Realty Trust's Scope 3 emissions?

In 2024, Vornado Realty Trust reported total Scope 3 emissions of 101,007 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 Vornado Realty Trust reduced its Scope 3 emissions over time?

Since 2019, Vornado Realty Trust's Scope 3 emissions have increased by 21.27%, reflecting a rising long-term trend in Scope 3 emissions over time. a

Compared to the previous year (2023), Vornado Realty Trust's Scope 3 emissions remained relatively stable, indicating that Vornado Realty Trust 's emissions have plateaued with no significant change in its value chain footprint. a

What categories of Scope 3 emissions does Vornado Realty Trust disclose?

In 2024, Vornado 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 Vornado Realty Trust's Scope 3 emissions?

In 2024, the largest contributors to Vornado Realty Trust's Scope 3 emissions were: a

  • Downstream Leased Assets (Cat. 13): 101,007 tCO₂e (100%)

Vornado Realty Trust's Scope 3 Emissions by Categories

Downstream LeasedAssets (Cat. 13)(100.0%)

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

In 2024, Vornado Realty Trust reported Scope 1 greenhouse gas (GHG) emissions of 22,586 tCO₂e and total revenues of USD 1,788 millions. This translates into an emissions intensity of 12.63 tCO₂e per millions USD. a

Vornado Realty Trust's Scope 1 Emissions Intensity Compared to Peers

2050010,000200,000Scope 1 Emissions (tCO2e)502005002,00010,000Revenues (Millions of USD)Douglas EmmettYear: 2023Scope 1: 6,773 tCO2eRevenue: $M 1,020Scope 1 Intensity: 6.64 tCO2e/$MAlexandria Real Estate EquitiesYear: 2024Scope 1: 108,507 tCO2eRevenue: $M 3,050Scope 1 Intensity: 35.58 tCO2e/$MApple Hospitality REITYear: 2023Scope 1: 28,652 tCO2eRevenue: $M 1,344Scope 1 Intensity: 21.32 tCO2e/$MBXPYear: 2024Scope 1: 12,637 tCO2eRevenue: $M 3,408Scope 1 Intensity: 3.71 tCO2e/$MFranklin Street PropertiesYear: 2023Scope 1: 1,124 tCO2eRevenue: $M 146Scope 1 Intensity: 7.71 tCO2e/$MHudson Pacific PropertiesYear: 2023Scope 1: 13,272 tCO2eRevenue: $M 952Scope 1 Intensity: 13.94 tCO2e/$MHighwoods PropertiesYear: 2023Scope 1: 1,929 tCO2eRevenue: $M 834Scope 1 Intensity: 2.31 tCO2e/$MCOPT Defense PropertiesYear: 2024Scope 1: 10,504 tCO2eRevenue: $M 753Scope 1 Intensity: 13.94 tCO2e/$MPhillips Edison & CoYear: 2023Scope 1: 9,500 tCO2eRevenue: $M 610Scope 1 Intensity: 15.57 tCO2e/$MCamden Property TrustYear: 2024Scope 1: 14,163 tCO2eRevenue: $M 1,544Scope 1 Intensity: 9.17 tCO2e/$MPiedmont Realty TrustYear: 2024Scope 1: 829 tCO2eRevenue: $M 570Scope 1 Intensity: 1.45 tCO2e/$MMedical Properties TrustYear: 2022Scope 1: 4,835 tCO2eRevenue: $M 1,543Scope 1 Intensity: 3.13 tCO2e/$MAGNC InvestmentYear: 2023Scope 1: 1 tCO2eRevenue: $M 250Scope 1 Intensity: 0.00 tCO2e/$MCousins PropertiesYear: 2023Scope 1: 366 tCO2eRevenue: $M 803Scope 1 Intensity: 0.46 tCO2e/$MJBG SMITH PropertiesYear: 2023Scope 1: 9,462 tCO2eRevenue: $M 604Scope 1 Intensity: 15.66 tCO2e/$MKilroy RealtyYear: 2023Scope 1: 4,765 tCO2eRevenue: $M 1,130Scope 1 Intensity: 4.22 tCO2e/$MSabra Health Care REITYear: 2024Scope 1: 6,694 tCO2eRevenue: $M 703Scope 1 Intensity: 9.52 tCO2e/$MOUTFRONT MediaYear: 2024Scope 1: 3,747 tCO2eRevenue: $M 1,831Scope 1 Intensity: 2.05 tCO2e/$MRayonierYear: 2024Scope 1: 557 tCO2eRevenue: $M 1,263Scope 1 Intensity: 0.44 tCO2e/$MHealthcare Realty TrustYear: 2023Scope 1: 21,152 tCO2eRevenue: $M 1,344Scope 1 Intensity: 15.74 tCO2e/$MEPR PropertiesYear: 2023Scope 1: 6,064 tCO2eRevenue: $M 660Scope 1 Intensity: 9.19 tCO2e/$MMacerichYear: 2024Scope 1: 30,779 tCO2eRevenue: $M 918Scope 1 Intensity: 33.52 tCO2e/$MSL Green RealtyYear: 2023Scope 1: 3,991 tCO2eRevenue: $M 914Scope 1 Intensity: 4.37 tCO2e/$MRexford Industrial RealtyYear: 2024Scope 1: 21 tCO2eRevenue: $M 938Scope 1 Intensity: 0.02 tCO2e/$MPotlatchdelticYear: 2024Scope 1: 45,000 tCO2eRevenue: $M 1,062Scope 1 Intensity: 42.37 tCO2e/$MVornado Realty TrustYear: 2024Scope 1: 22,586 tCO2eRevenue: $M 1,788Scope 1 Intensity: 12.63 tCO2e/$M

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

In 2024, Vornado Realty Trust reported a Scope 1 emissions intensity of 12.63 tCO₂e per millions USD. Compared to the peer group median of 7.71 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a

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

In 2024, Vornado Realty Trust ranked 17 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

Vornado 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 Vornado Realty Trust's Total Carbon Footprint

In 2024, Vornado Realty Trust reported a total carbon footprint of 193,089 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 3.64% increase compared to 2023, suggesting a rise in emissions across its operations or value chain. a

The largest contributor to Vornado Realty Trust's total carbon footprint was Scope 3 emissions, accounting for 52.31% of the company's total carbon footprint, followed by Scope 2 emissions at 35.99%. a

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