Vornado Realty Trust is a leading real estate investment trust (REIT) that specializes in owning and managing commercial properties in the United States. The company was founded in 1982 and is headquartered in New York City. Vornado's portfolio includes office buildings, retail properties, and residential properties, with a focus on high-quality assets in prime locations.

The company is committed to sustainable practices and has made significant strides in decarbonisation and corporate energy management. Vornado has set ambitious targets to reduce its carbon footprint and increase its use of renewable energy sources. The company has also implemented a range of energy efficiency measures to reduce its energy consumption and costs.

One of the key initiatives that Vornado has undertaken to achieve its sustainability goals is the implementation of corporate power purchase agreements (PPAs). A corporate PPA is a long-term contract between a company and a renewable energy provider, in which the company agrees to purchase a certain amount of renewable energy at a fixed price over a specified period. This helps to support the development of new renewable energy projects and provides the company with a stable and predictable source of energy.

Vornado has signed several corporate PPAs for wind and solar energy, which will provide the company with a significant portion of its energy needs. The company has also invested in on-site renewable energy generation, including solar panels on the roofs of several of its buildings. These initiatives have helped Vornado to reduce its carbon footprint and increase its use of renewable energy sources.

In addition to its renewable energy initiatives, Vornado has also implemented a range of energy efficiency measures to reduce its energy consumption and costs. The company has undertaken energy audits of its properties and implemented a range of measures, such as upgrading lighting systems, installing energy-efficient HVAC systems, and improving insulation. These measures have helped Vornado to reduce its energy consumption and costs, while also improving the comfort and productivity of its tenants.

Vornado's commitment to sustainability extends beyond its energy management initiatives. The company has also implemented a range of measures to reduce its water consumption and waste generation. Vornado has installed low-flow fixtures and water-efficient landscaping at its properties, and has implemented recycling and composting programs to reduce its waste generation. These initiatives have helped Vornado to reduce its environmental impact and improve the sustainability of its operations.

Vornado has received recognition for its sustainability efforts, including being named to the Dow Jones Sustainability Index and the CDP A List for Climate Change. The company has also received LEED certification for several of its properties, which recognizes buildings that are designed, constructed, and operated to high sustainability standards.

In addition to its sustainability initiatives, Vornado is also committed to social responsibility and community engagement. The company has implemented a range of programs to support its local communities, including charitable giving, volunteerism, and community outreach. Vornado has also implemented a range of programs to support its employees, including wellness programs, professional development opportunities, and diversity and inclusion initiatives.

Vornado's commitment to sustainability, social responsibility, and community engagement has helped to position the company as a leader in the real estate industry. The company's focus on decarbonisation, corporate energy management, corporate PPAs, and renewable energy has helped to reduce its environmental impact and improve the sustainability of its operations. Vornado's commitment to social responsibility and community engagement has also helped to build strong relationships with its tenants, employees, and local communities.