- Limited opportunities to install on-site renewables in existing portfolio
- Lack of control over end-users' water consumption
- Increased water costs due to infrastructure maintenance
- Compliance with Local Law 97 (LL97) in NYC
- Supply chain disruptions (implied)
Vornado Realty Trust
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Vornado Realty Trust disclosed greenhouse gas emissions of 70.2K MTCO2e (market-based including offsets). By scope: Scope 1: 30.2K MTCO2e; Scope 2: 46.7K MTCO2e (market-based); Scope 3: 44.5K MTCO2e. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
70.2K MTCO2e (market-based including offsets)
2023
Renewable Energy
36.99%
of total energy
Water Usage
2.2M m3
2023
Waste
12.1K tons (total) 6419 tons diverted
2023
Energy Use
781.4K MWh
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 30.2K MTCO2e |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 46.7K MTCO2e (market-based) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 44.5K MTCO2e |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 70.2K MTCO2e (market-based including offsets) |
| 2022 | 199.2K tCO2e/year (2022) |
| 2013 | 1.7M tCO2e (Scope 1&2) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- 88% reduction in embodied carbon emissions at PENN 1 redevelopment (86,012 tons CO2e)
- 75% reduction in embodied carbon emissions at PENN 2 renovation (60.3 million kg CO2e)
- 32% reduction in overall energy consumption across in-service office portfolio (compared to 2009 baseline)
- 65% waste diversion rate across in-service office portfolio
- 100% renewable energy credits (RECs) procured for electricity in key markets
- Expanded organics collection program to 100% of in-service office portfolio (27 million SF)
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce water consumption by 10% by 2030 (goal exceeded in 2023, new goal to be set)
- Achieve 75% commercial waste diversion by 2026
📅 Medium-term
- 50% reduction in energy consumption below 2009 base year by 2030
- 45% reduction in tenant-controlled energy by 2030
- 55% reduction in landlord-controlled energy by 2030
- Reduce embodied carbon intensity for new development projects by 10%
🔭 Long-term
- Carbon neutrality by 2030 (Vision 2030)
🌱 ESG Focus Areas
Climate ChangeEnergy EfficiencyWaste ReductionWater ConservationTenant EngagementEmployee Well-beingCommunity DevelopmentSupply Chain SustainabilityGovernance