Vornado Continues its Leadership in ESG Earning Top GRESB Ratings and Receiving NAREIT’s Leader in the Light Award
November 16 2022 - 4:33PM
Vornado Realty Trust (NYSE:VNO) announced today it has received the
following awards reflecting its continued industry-leading
commitment to environmental, social, and governance (ESG)
practices:
-
Global “Sector Leader” for Diversified Office/Retail REITs in the
Global Real Estate Sustainability Benchmark (GRESB), ranking #1 in
the USA amongst peers. Overall, Vornado placed third among 112
responding Listed companies within the Americas.
-
GRESB’s “Green Star” distinction for the tenth time and GRESB’s
Five Star Rating.
-
In GRESB, scored an “A” for its ESG public reporting.
-
National Association of Real Estate Investment Trust’s (NAREIT)
respected Leader in the Light Award for sustainability for
diversified REITs for the 12th time. NAREIT’s annual Leader in
the Light Awards honor NAREIT member companies that have
demonstrated superior and sustained ESG practices.
Vornado continues to lead the industry in
sustainability, owning and operating more than 28 million
square feet of LEED certified buildings, with over 23 million
square feet at LEED Gold or Platinum. Vornado’s commitment to
carbon neutrality and associated emissions reductions targets have
been approved by the Science Based Targets Initiative as consistent
with a 1.5°C climate scenario, the most ambitious goal of the Paris
Agreement. More information on the Company’s industry-leading
sustainability programs can be found in Vornado’s 2021
Environmental, Social and Governance Report, which can be viewed
at esg.vno.com.
Vornado Realty Trust is a fully-integrated
equity real estate investment trust.
CONTACT
Thomas J. Sanelli(212) 894-7000
Certain statements contained herein may
constitute “forward-looking statements” within the meaning of the
Private Securities Litigation Reform Act of 1995. Forward-looking
statements are not guarantees of performance. They represent
our intentions, plans, expectations and beliefs and are subject to
numerous assumptions, risks and uncertainties. Our future
results, financial condition and business may differ materially
from those expressed in these forward-looking statements. You can
find many of these statements by looking for words such as
"approximates," "believes," "expects," "anticipates," "estimates,"
"intends," "plans," "would," "may" or other similar expressions in
this press release. We also note the following forward-looking
statements: in the case of our development and redevelopment
projects, the estimated completion date, estimated project cost,
projected incremental cash yield, stabilization date and cost to
complete; and estimates of future capital expenditures, dividends
to common and preferred shareholders and operating partnership
distributions. For a discussion of factors that could materially
affect the outcome of our forward-looking statements and our future
results and financial condition, see “Risk Factors” in Part I, Item
1A, of our Annual Report on Form 10-K for the year ended December
31, 2021. Currently, some of the factors are the ongoing adverse
effect of the COVID-19 pandemic, the increase in interest rates and
inflation on our business, financial condition, results of
operations, cash flows, operating performance and the effect that
these factors have had and may continue to have on our tenants, the
global, national, regional and local economies and financial
markets and the real estate market in general. The extent of the
impact of the COVID-19 pandemic will continue to depend on future
developments, including vaccination rates among the population, the
efficacy and durability of vaccines against emerging variants, and
governmental and tenant responses thereto, which continue to be
uncertain but the impact could be material. Moreover, you are
cautioned that the COVID-19 pandemic will heighten many of the
risks identified in "Item 1A. Risk Factors" in Part I of our Annual
Report on Form 10-K for the year ended December 31, 2021.
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