- Vornado Realty Trust (VNO, Financial) achieves 100% LEED® certification across its in-service portfolio.
- The company wins the inaugural Nareit Impact at Scale Award for THE PENN DISTRICT transformation.
- Vornado reports a 41% reduction in energy consumption since 2009.
Vornado Realty Trust (VNO) has published its 16th consecutive sustainability report for 2024, highlighting significant environmental milestones. The company has become the first major real estate entity to achieve 100% LEED® certification across its entire in-service building portfolio, demonstrating its commitment to sustainable development.
Among its key achievements, Vornado was awarded the inaugural Nareit Impact at Scale Award for its transformative work on THE PENN DISTRICT project. It also received the Energy Star Partner of the Year with Sustained Excellence for the ninth consecutive year, thanks to ongoing improvements in energy efficiency.
The company's sustainability metrics reveal a 41% reduction in energy consumption compared to its 2009 baseline, which includes a decrease of over 4.7 million kWh in electric consumption through operational optimizations. In addition, Vornado achieved a 59% waste diversion rate across its office portfolio, as it continues to work towards a long-term target of 75%.
Vornado's commitment to renewable energy has remained steadfast, with 100% of its electricity procured through renewable energy credits (RECs) sourced from hydroelectric, solar, and wind facilities in New York, California, and across the USA. The company also provided educational and technical assistance to tenants occupying over 14.5 million square feet, aiming to promote healthier and more efficient workplaces.
For more detailed insights into Vornado’s sustainability efforts, the full report is available on the company’s website.
