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) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
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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
In 2024, the total Scope 1 emissions of Vornado Realty Trust were 22,586 metric tons of CO₂ equivalent (tCO₂e). a
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
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
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
In 2024, Vornado Realty Trust reported its Scope 2 emissions using the market-based method and using the location-based method. a
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
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
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
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.
In 2024, the largest contributors to Vornado Realty Trust's Scope 3 emissions were: a
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
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
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
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