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Vornado Realty Trust

Vornado Realty Trust, formed in Maryland in 1982 and headquartered in New York, United States, is a prominent real estate investment trust (REIT). The company is a leading owner, manager and developer of office and retail assets operating in major cities, such as Chicago, San Francisco and New York, and specialises in investing in office buildings and street retail in Manhattan. Vornado owns and operates nearly 20 million square feet of prime office properties.

Summary

Vornado Realty Trust discloses information on some topics related to urban sustainability but lacks disclosure on many important topics. The company reports exceeding its 2030 water withdrawal reduction target, achieving a 30% decrease in 2022 compared to 2019. On the social dimension, it discloses that 84% of its direct operations workforce is covered by collective agreements, ensuring stronger worker rights through collective bargaining.

However, Vornado Realty Trust should develop a publicly available policy statement outlining its lobbying and political engagement approach. In relation to the adequacy and affordability of its services, the company should disclose the systematic actions it takes to improve the quality of its properties and report regularly on their affordability.

While the company states its commitment to complying with all applicable laws and regulations regarding human rights protection, it is recommended to clarify whether this commitment extends to respecting human rights in all contexts and locations. Addressing all these gaps will enhance the company’s transparency and demonstrate a commitment to addressing stakeholder concerns.

Ranking position: #123 /300
Total score: 13.4 /100

Measurement area	Score	Rank (0-300)
Governance & Strategy	#1 16.7 /100	#55
Inclusive Cities	#1 6.7 /100	#195
Healthy Cities	#1 11.1 /100	#71
Climate Proof & Resilient Cities	#1 13.3 /100	#87
Core Social Indicators	#1 19.4 /100	#104

Industries
Real estate	#43

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More about the company

Headquarters: United States of America
Ownership structure: Public
Revenue: -
Number of employees: -
Website: https://www.vno.com/

This company is part of the SDG2000, the 2000 most influential companies

See company profile SDG2000