Our Commitment to Sustainable Practices
With its sustainability policy, Vornado has fully integrated sustainability into the fabric of the company’s assets, operations and culture. It is our foundation for and guide to maintaining a competitive advantage in sustainability.
2022 Environmental, Social, & Governance ("ESG") Report
In all new development and redevelopment projects,
Vornado will strive to achieve LEED NC/CS Gold certification or better.
Vornado’s goal is to operate its buildings in an environmentally sustainable manner. Operations staff will establish best practices in energy efficiency, resource conservation, ecologically sensitive products and other sustainable practices, and implement them in all possible locations. Capital upgrades and renovations incorporate, wherever feasible and practicable, sustainable materials, equipment and technologies. When possible and appropriate, existing buildings will be certified under the LEED-EB rating system.
Culture / Office Management
Vornado encourages a sustainability-minded culture in every division and at every level. Our goal is for our offices and employees to operate with regard to sustainability best practices, with focus on the following efforts:
EMPLOYEE TRAINING AND EDUCATION
INDOOR AIR QUALITY
( water, energy, materials )
( ecologically sensitive materials / vendors )
( mass transit and alternative commuting )
( e.g. recycling )
Strategic Application of Sustainable Practices
Vornado relies upon its unique strengths to identify and apply the most effective sustainable practices. We seek opportunities that leverage the scale and diversity of our portfolio, the depth and breadth of our experience, and our operational expertise across all divisions. We test promising sustainable technologies in real-life circumstances in our portfolio to implement innovative products, services and ideas that offer the broadest possible value to our company, our customers, our industry, our communities and the environment.
Vornado integrates sustainable practices and thinking into our relationships with tenants, contractors and consultants, incorporating sustainable standards in contractual documents in agreements, including our leases.
Our environmental policy applies the same standards to our suppliers and vendors through our Vendor Code of Conduct. This Code applies to all contractors, as well as their employees, subcontractors, agents, members, parents, subsidiaries, successors, assigns or affiliate entities, and anyone hired by contractor to perform work and/or services for Vornado. Our Code addresses the environmental and social impact of our supplier products and services through addressing issues that include, but are not limited to: Environmental Conservation, Emissions, Waste of all types and Recycling, Child Labor and Forced or Compulsory Labor, Collective Bargaining and Freedom of Association.
Where We Stand
We set goals and commit to improving performance on an annual basis.
We develop projects and strategies to achieve our goals each year.
Through our Capital Expenditure (CAPEX) and Operation Expenditure (OPEX) funds, we make sustainable investments in our buildings.
We employ and train our teams to deploy these projects and strategies.
We measure and verify performance so successful projects can be replicated.