Vornado Realty Trust

Vornado Realty Trust is a fully-integrated Real Estate Investment Trust (REIT). Vornado’s portfolio is concentrated in the nation’s key market — New York City — along with premier assets in both Chicago and San Francisco. Vornado is also the real estate industry leader in sustainability policy.

Vornado continues to build upon Vision 2030, a carbon neutrality goal, and Science Based Target (SBTi) commitment through its robust ESG program.

Key achievements include:

Procured 100% renewable energy credits (RECs) for electricity directly managed by Vornado in the key markets in which we operate. These RECs include those sourced from hydroelectric, solar and wind facilities located in the States of New York and California.
Achieved a 28% reduction in overall energy consumption across in-service office portfolio, since 2009.
Reached a 64% waste diversion rate this year across in-service office portfolio against its goal of 75% by 2026.
Received multiple awards recognizing continued industry leadership in sustainability including the 12th NAREIT Leader in the Light Award; Energy Star Partner of the Year with Sustained Excellence and Global “Sector Leader” for Diversified Office/Retail REITs in the Global Real Estate.

Vornado’s commitment to the Better Climate Challenge is absolute. Its ESG program and commitments are longstanding, founded in data, backed by third-party assurance and overseen by the highest levels of the organization, the Board and senior management.

Vornado has the objective of making its buildings carbon neutral by 2030 using a three-point roadmap to reduce through energy efficiency and tenant engagement, recover wasted energy, and integrate renewable power into its buildings' power mix. It assess progress and carbon footprint at both the building and portfolio level.

Vornado has also made goals and public commitments to reduce its water consumption and increase waste diversion.

PORTFOLIO-WIDE LEADERSHIP COMMITMENTS

64% emissions reduction in 10 years

Implementation Model

Driving Towards Zero Waste: Vornado Realty Trust's Waste Management Strategy

Webinar

Tracking and Tackling: Reducing Commercial Tenant and Scope 3 Emissions

Performance Data

Solutions

Leadership Commitments

Better Climate Challenge

Goal

Commitment

Progress

DOE Program Participation