Core Insights - Vornado Realty Trust released its 2024 Sustainability Report, marking the 16th consecutive report highlighting its sustainability achievements and priorities [1][3]. Sustainability Achievements - Vornado became the first major real estate owner, operator, and developer to achieve 100% LEED® certification across its entire portfolio of in-service buildings [3]. - The company received the inaugural Nareit Impact at Scale Award for its transformation of THE PENN DISTRICT, recognized as an Energy Star Partner of the Year with Sustained Excellence for the 9th year, and ranked in the top 3% of Office REITs while maintaining its Green Star distinction for the 12th year and a 5-star rating in GRESB [3]. - Vornado procured 100% renewable energy credits (RECs) for electricity in key markets, sourced from hydroelectric, solar, and wind facilities across the USA [3]. - The company achieved a 41% reduction in overall energy consumption across its in-service office portfolio compared to a 2009 baseline, with a reduction of over 4.7 million kWh in electric consumption this year alone [3]. - Vornado reached a 59% waste diversion rate across its in-service office portfolio, progressing towards a long-term target of 75% [3]. - The company provided educational and technical assistance to over 14.5 million square feet of its tenants to help them build and operate healthier and more efficient workplaces [3].
Vornado Releases 2024 Sustainability Report