Vornado Realty Trust

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Vornado Realty Trust is a veritable whirlwind of real estate activity. The company’s office holdings, which total more than 38 million sq. ft. of space, include more than 80 properties in and around Washington, DC, and nearly 30 more in New York City, primarily in Manhattan. The company’s retail portfolio consists of about 160 strip centers, malls, and street-level stores with more than 25 million sq. ft. in the Northeast, California, and Puerto Rico. Its Merchandise Mart segment owns six showroom properties, including Chicago’s Merchandise Mart and L.A. Mart; it also produces trade shows. In addition, Vornado owns about a third each of New York retail property owner Alexander’s and Toys ”R” Us.

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3.9

Overall Excellence Rating

Industry

Commercial Real Estate

Category

Real Estate

ESG/Ethical Impact

Advanced our commitment to locally-sourced renewable energy and the environment through the procurement of Renewable Energy Credits, sourced from hydro energy facilities located in the State of New York, which assigns zero carbon to 100% of our directly procured electricity. With an annualized balance of over 215,000 megawatt hours, we are one of the largest customers of home-grown renewable energy. We support the transmission projects that will alleviate bottlenecks and bring clean energy downstate into New York City. Aligned our carbon reductions and targets with the Science-Based Target Initiative, and have committed to a 64% reduction by 2030 using a 2019 base year to ensure our ongoing emissions reduction contributes to a 1.5-degree climate scenario. Achieved a 2.6% reduction in our overall location-based emissions, and a 37.8% drop in our market-based scope 2 emissions. In addition, we have provided our employees with the resources, support, and flexibility needed through the pandemic. We enhance our human capital by sponsoring continuing education and career development. We have actively engaged with our workforce and solicit their feedback through our divisional leaders and employee surveys.

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Awards Received

2023

Revenues

$1,800,000,000.00

Website Traffic

Employee Rating

3.9

Customer Rating

4

Company Size

1000-5000

ESG Risk Rating

4

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