Vornado Realty Trust: A Sustainability Pioneer in the REIT Sector

Vornado Realty Trust (VNO) has made history by becoming the first major real estate owner, operator, and developer to achieve 100% LEED certification across its entire in-service portfolio. This remarkable achievement, recognized by the U.S. Green Building Council (USGBC), demonstrates Vornado's unwavering commitment to sustainability and sets a new standard for the real estate investment trust (REIT) sector.

Vornado's 26.1 million-square-foot in-service portfolio, concentrated primarily in New York City with additional premier assets in San Francisco and Chicago, has been transformed into a sustainable powerhouse. A total of 24.8 million square feet across 25 buildings have achieved the highest LEED Platinum or Gold ratings, reflecting Vornado's dedication to responsible development and best practices in building operations.

The company's decades-long commitment to sustainability has earned it an unmatched reputation across all aspects of sustainability, from design and construction to maintenance, operations, and tenant improvements. Vornado has consistently been at the forefront of sustainability by making smart infrastructure improvements, investing in sustainable technologies, employing best practices for building operations, and establishing partnerships with tenants and communities.

Vornado's 100% LEED certification has numerous benefits for the company, its investors, and the environment. By implementing sustainable practices and technologies, Vornado has reduced its energy consumption and operating costs, leading to improved financial performance. The company's commitment to carbon neutrality, including a target to reduce energy consumption by 50% by 2030, further enhances its reputation and aligns with investor preferences for ESG-focused investments.

Moreover, Vornado's sustainability leadership has earned it numerous awards and recognitions, such as the NAREIT Leader in the Light Award and the ENERGY STAR Partner of the Year Award. The company's commitment to energy efficiency and carbon reduction is deeply aligned with its investment philosophy and strategy, creating lasting value for its investors, tenants, employees, and communities.

In conclusion, Vornado Realty Trust's 100% LEED certification across its in-service portfolio is a testament to the company's unwavering commitment to sustainability. This achievement sets a new standard for the REIT sector and demonstrates the potential for sustainable practices to create lasting value for investors and the environment. As the real estate industry continues to evolve, Vornado's leadership in sustainability will remain a critical factor in its competitive position and long-term success.