Social

Tenant & Community Development

Exclusive Vornado tenant deals and promotions from onsite and neighborhood restaurants, gym classes, spa specials, local festivals and concerts, and more. During the pandemic, Live.Work.Do. connected Vornado with our tenants who were working from home via free online exercise programs, yoga classes, meditation podcasts, and recipes for special dishes and cocktails.

Live transit information alerts for neighborhood transit options conveniently originating at each office building.

Direct links among the tenants, property management teams,
and our security force to report on-site and local concerns and communicate in real time. Our in-house Security Operations Center (SOC) was built exclusively for the portfolio and is managed 24 hours a day, 7 days a week by experienced security professionals.

Live.Work.Do. served as a critical source of information during the pandemic, particularly while tenants worked from home. Through Live. Work.Do., Vornado was able to notify tenants of all COVID-19-related protection measures, including requirements for entry to the building, updates to building systems, green cleaning and disinfection, and updates on governmental regulations.

Mobile credentials provide tenants with frictionless access through the building’s turnstiles, eliminating the need to carry building access cards

The Live.Work.Do. app provides the convenience of mobile credentials to our visitors. Tenants can quickly invite a visitor and a QR code will be provided for entry via email or text.

We keep our tenants informed of the building’s sustainability profile, including energy, water, waste, and transportation data; initiatives such as Earth Hour; recycling programs; and philanthropic activities.

Direct links into the building’s service order systems and resource reservations allow the tenant administrative teams to report on issues and receive updates on
the go from the convenience of a mobile phone.

Our People

We offer our employees a competitive health and benefits package that includes the following:

Financial

  • 401(k) and Employer Match
  • Tuition Reimbursement
  • Employee Referral Bonus
  • Commuter Benefits
  • Cellular Discounts
  • New Jersey Manufacturers Insurance Planning

Parental Benefits

  • Dependent Care Flexible Spending Account
  • Maternity Leave

Work/Life Balance

  • Employee Assistance Program
  • Time Off / Paid Holidays

Health and Wellness

  • Medical, Dental, and Vision Coverage
  • Health Savings Account
  • Life Insurance
  • Short-Term and Long-Term Disability Insurance
  • Employee Wellness Incentives
  • Healthcare Flexible Spending Account
  • Subsidized Gym Memberships
  • Biometric Screenings
  • In-Workplace Flu vaccination
  • CPR Trainings
  • Anti-Harassment
  • Cybersecurity
  • Active Shooter Training
  • Manager and Executive Retreats for Training Purposes
  • Continuing Education Through Building Owners and Managers Association (BOMA), IUOE Local 94, Local 32BJ.
  • Green Professionals (GPRO) Training, Administered by Urban Green Council
  • Earth Week
  • Corporate Challenge
  • Town Halls
  • Holiday Parties

BMS / Green Cleaning

SOCIAL DEMOGRAPHICS BMS 2020†† ‡

KEY FINDINGS

Our BMS employees are:

RACIAL MINORITIES

70%

See full BMS DEMOGRAPHICS

§ These figures represent the diversity of our organization and are inclusive of the following racial minority groups: Black/African America, Hispanic/Latina, Asian/Pacific Islander and American Indian/Alaskan Native.
††This table covers BMS employees for the year ended December 31, 2020, inclusive of all hires that took place throughout the year. BMS employees represent Vornado’s technical staff.
‡ The Company provides equal employment opportunities to all employees and applicants for employment without regard to race, color, creed, citizenship status, religion, sex, sexual orientation, gender identity, national origin, age, disability, marital status, domestic partner status, protected veteran status, or any other characteristic protected by applicable federal, state, and local laws. This applies to all terms and conditions of employment including, without limitation, hiring, placement, promotion, termination, lay-off, recall, transfer, leaves of absence, compensation, and training. The Company will not tolerate unlawful discrimination and expressly prohibits any form of unlawful employee harassment based on race, color, creed, citizenship status, religion, sex, sexual orientation, gender identity, national origin, age, disability, marital status, domestic partner status, protected veteran status, or any other characteristic prohibited by applicable law.

employee health & safety, employee training

Our 2019 training included

65

BMS SUPERVISORS AND SENIOR-LEVEL STAFF TRAINED in GS-42 green cleaning standards.

100%

OF BMS EMPLOYEES TRAINED MONTHLY IN COMPLIANCE with training requirements in the OSHA standards.

371

safety checks in 2019

Our in-person trainings shifted focus to COVID-19 in 2020. We plan to resume our standard safety training in 2021 and beyond.

no text

37%

REDUCTION IN WORKERS’ COMPENSATION CLAIMS 2019-2020 for BMS Employees


In 2020, the BMS Green Clean program fully aligned with Fitwel’s Viral Response Module (VRM). Highlights from our green cleaning include the following:

  • Identification of high-touch surfaces to shift extra attention to cleaning and disinfecting of these areas.
  • Active maintenance of PPE inventory, including masks, gloves, eye protection, face shields, and hazmat suits. These provisions are made available
    to all staff in every building. In addition to PPE, BMS is managing an inventory of hand hygiene supplies including hand soap, sanitizer, and paper towels, to ensure consistent supply.
  • Prioritization of safer disinfectants, as outlined by Green Seal and Fitwel VRM, and hydrogen peroxide-based products across all regions of our operations.
  • Use of vacuums with HEPA filtration. HEPA, or high efficiency particulate air, filters remove dust, pollen, mold, bacteria, and other airborne particles from the air as it passes through the vacuum. The HEPA filtration helps to supplement the IAQ mitigation strategy in place with HVAC filtration systems.
  • Maintenance of healthy entryway systems in our lobbies by routinely cleaning at all high traffic access points, including walk-off mats, and the continuingdisinfection of high-touch surfaces.

2020 also highlighted the critical success of the BMS health and safety program. Since the onset of the pandemic, BMS has been the primary procuring agent for all PPE and other critical supplies for Vornado and our divisions.

BMS established an internal pandemic protocol to respond safely and effectively to the ongoing threat posed by the pandemic. Communication methods for reporting illness, duration of quarantine, and contact tracing were outlined by Human Resources and distributed to all staff. Guidelines for symptom checking and temperature reading were established and executed at the building level for all staff. Operational adjustments such as staggered shift times, limits to the number of staff in confined spaces, and encouraging employees to arrive fully uniformed when possible were activated in response to the pandemic.

BMS field staff has been trained utilizing the following COVID-19 specific training modules and methods:

  • PPE – how and when to use it, proper donning and doffing techniques
  • Proper pandemic disinfection protocol – emphasizes product selection, dwell time, procedures, PPE, how to properly use equipment
  • Preventing the spread of contagious illness (DC/VA)
  • ISSA Global Biorisk Advisory Council (GBAC) Cleaning and Disinfection Principles
  • Equipment training – HEPA filtered vacuums, electrostatic sprayers
  • BMS staff guidelines for health and safety during COVID-19 – social distancing, hand washing, PPE, communication, symptom checking
  • 32BJ/BMS Partnership COVID-19 Training (1 hour)
  • Creation of weekly safety/training virtual meetings (DC/VA region)

Types of QA/QC safety checks conducted to ensure a healthy workplace in 2020:

  • Safety station inspections to ensure proper PPE, signage, Material Safety Data Sheets (MSDS), and bloodborne pathogen procedures in place
  • PPE inventory, tracking, and distribution
  • Emergency cabinet checks
  • Employee injury/incident follow up

2020 Supply purchase impact

BMS employees in 2020

Packaging Reduction

Water Use Reduction

Chemical Use Reduction

69

TONS

from chemical
concentrates

531,551

Gal

from chemical-free
T3 scrubber

1,500

Gal

from chemical-free
T3 scrubber

Purchased 44,561 cases of paper products, including 967,531 pounds of recycled paper products, which represents more than

1,596

CUBIC YARDS OF LANDFILL SPACE SAVED

Revolution liners use about 50% postconsumer recycled plastic. By purchasing these bags, BMS reduced emissions by

102

tons of CO2e in 2020.

“BMS meets the highest industry standards for safe, effective cleaning and disinfecting that prioritizes indoor air quality and the health of the people in the building. We see BMS as an outstanding green cleaning service provider and overall industry leader because of the company’s professionalism, commitment to sustainability, and consistent quality control. BMS not only provides excellent custodial services, but also delivers critically important indoor environmental health benefits and environmental savings through its services.”

Green Seal CEO Doug Gatlin

†This cleaning service meets Green SealTM Standard GS-42 based on waste minimization, building-specific operational procedures, effective custodial training, and use of products with limits on human and environmental toxicity. www.GreenSeal.org.

* Any information relating to goals and progress against goals were not subject to Deloitte & Touche LLP’s review and, accordingly, Deloitte & Touche LLP does not express a conclusion, opinion or any form of assurance on such information.

Supply Chain

To extend our Business Code of Conduct to include our suppliers, we require compliance with Vornado’s Vendor Code of Conduct (CoC) as part of our standard form of vendor contract. In addition to conveying our requirements on business ethics, integrity, and anti-bribery, we explicitly state that our vendors must comply with all applicable laws, including those pertaining to the following:

  • Freedom of association and collective bargaining
  • Human trafficking
  • Forced labor and child labor
  • Wages and working hours
  • Health & safety
  • Human rights and labor rights
  • Anti-harassment
  • Environmental impact and compliance with environmental regulations
  • Air and GHG emissions
  • Waste and recycling
  • Anti-corruption
  • Gifts and hospitality

Vornado actively monitors compliance with our CoC and performs audits on our supply chain through our Vendor Integrity Program (VIP). Vendors are subject to review according to our VIP upon initial contract signing and at least once every three years thereafter. Our VIP uses federal and international databases to canvas our vendors for controversies that may indicate violation of our Code of Conduct. Such controversies may include, but are not limited to:

  • Criminal and civil litigations
  • Human rights violations, such as trafficking or slavery
  • Controversial mentioning in the media
  • Illegal business practices, including money laundering, terrorism, corruption, or fraud
  • OSHA violations

Our VIP also researches and records our vendors’ registration in Minority, Women, Disability, and Veteran- owned databases, as well as qualification as a small business, as recognized by various jurisdictions.

Cross-section rendering of Moynihan Train Hall

cybersecurity

Vornado is committed to rigorous cybersecurity protocols and employs a multifaceted approach for protecting our data and the computing environment utilized by our employees and external vendors. We engage with multiple third-party services that provide in-depth 24/7 network monitoring in addition to performing scans for vulnerabilities. We believe strongly in educating our employees by utilizing both online cybersecurity education and performing phishing campaigns to understand areas of additional educational need. Our Internet of Things (IoT) and corporate networks are physically separate to further enhance our data and access segregation. Furthermore, our IoT network is highly segmented for additional security and for minimizing vendor access. Our networks are audited by multiple external firms to further our commitment to ensuring the highestsecurity. Formal reports to both the Audit Committee and Board of Trustees detailing our current cybersecurity program and future enhancements are instrumental in satisfying their responsibilities.

Our Objective:
Vornado’s primary information security objective is to protect information assets from threats and vulnerabilities through active network monitoring and testing, and strong management of application, infrastructure, and physical access.

We have engaged outside experts to continuously monitor network events and identify flaws or weaknesses through regular penetration testing. An Identity & Access Management (IAM) system analyzes application-level activities for suspicious behavior that might otherwise go undetected. Multi-Factor Authentication (MFA) is applied to remote network access and sensitive on-network applications.

Workstations and servers are secured via a strict patch management process and regular system scans to identify and remediate vulnerabilities. We have implemented restrictive data access through third- party software and perform thorough vendor cyber assessments to understand any potential risk posed by outside entities.

All staff are trained in cybersecurity awareness and tested through periodic email phishing campaigns. Frequent reminders in the form of newsletters make our employees an active part of our cyber defense.

A detailed Cybersecurity Incident Response Plan (CSIRP) is in place for organizational preparedness in the event of a cyber event. The CSIRP is vetted and updated regularly via multidisciplinary tabletop exercises.

We validate replication of our critical financial systems at our disaster recovery site daily. All employees have secure remote capabilities to perform critical tasks for the enterprise without interruption.

Social Results

† GRI 401-1: This table covers Vornado corporate employees only at December 31, 2020 and does not include the BMS employees, or any employees of Alexander’s.
§ These figures represent the diversity of our organization and are inclusive of the following racial minority groups: Black/African American, Hispanic/Latina, Asian/Pacific Islander, and American Indian/Alaskan Native.
‡ The Company provides equal employment opportunities to all employees and applicants for employment without regard to race, color, creed, citizenship status, religion, sex, sexual orientation, gender identity, national origin, age, disability, marital status, domestic partner status, protected veteran status, or any other characteristic protected by applicable federal, state, and local laws. This applies to all terms and conditions of employment including, without limitation, hiring, placement, promotion, termination, lay-off, recall, transfer, leaves of absence, compensation, and training. The Company will not tolerate unlawful discrimination and expressly prohibits any form of unlawful employee harassment based on race, color, creed, citizenship status, religion, sex, sexual orientation, gender identity, national origin, age, disability, marital status, domestic partner status, protected veteran status, or any other characteristic applicable by law.

VORNADO VOLUNTEERS

Through employee engagement and social impact assessment, Vornado Volunteers identified the following localized community priorities: economically and socially disadvantaged populations, environmental restoration and protection, and health and wellness. In 2020, Vornado Volunteers commenced its commitment to community activism in each of our divisions, before transitioning to virtual volunteering where possible. Below is a selection of our 2020 activity.

  • Partnered with Grant Associates for Vornado’s Career Discovery Week in February, where Vornado executives hosted career panels, resume reviews, mock interviews, and networking sessions for 30 New York City high school sophomore students.
  • Participated in virtual discussion and presentation for Fellows Issue Day, a cohort-style leadership training series, issued through the partnership with the Real Estate Board of New York (REBNY) and Coro, NYC’s premier civic leadership training organization.
  • Host sponsorship and virtual participation in the American Lung Association’s tenth annual Fight for Air Stair Climb.

We have also instituted Vornado’s Day of Service, which is a day of compensated time allowing our employees to volunteer for a cause of their choosing, starting in 2021. Below is a selection from our 2019 volunteer program. We anticipate returning to in-person volunteering activity after the pandemic subsides in 2021 and beyond.

  • American Lung Association,Fight for Air Stair Climb, raising over $200,000 for lung disease research and awareness programs in New York.
  • San Francisco Fire Department First Responders Stair Climb at 555 California Street in San Francisco.
  • Partnership with Jersey Cares to provide shelters, hospitals, and food banks with supply kits and care packages.
  • Over 600 hours of volunteering to revitalize Norman S. Weir School in Paterson, New Jersey, and provide mentoring support for students.
  • Sponsorship of 2019 Canstruction Awards, which collected over 150,000 lbs of food to provide over 230,000 meals through the Greater Chicago Food Depository.
  • Park cleanup efforts in Central Park in NYC as well as Liberty State Park in Jersey City, New Jersey.

CHARITABLE CONTRIBUTIONS
In addition to volunteering our time and expertise to worthy causes, Vornado generously supports charities with financial contributions. Our beneficiaries represent a broad range of worthy causes, with an emphasis on community development, education and youth services, cultural institutions, and medical research. Below is a selection of recipients of Vornado’s charitable giving in 2020:

  • All Stars Helping Kids
  • Bowery Mission
  • Breaking Ground
  • Building Skills New York
  • Chicagoland Entrepreneurial Center
  • Design Museum of Chicago
  • Food 1st Foundation
  • Greater Chicago Food Depository
  • Inner-City Scholarship Fund
  • Municipal Arts Society of New York
  • New York Community Trust
  • Regional Plan Association

Vornado team volunteering for Habitat for Humanity

Vornado team’s park cleanup effort, Central Park

Our Partnerships

  • EPA ENERGY STAR Partner
  • US Green Buildings Council Corporate Member, Greenbuild Program Working Group (Co-Chair)
  • Urban Land Institute, Center for Sustainability and Economic Performance (Board)
  • NAREIT Real Estate Sustainability Council
  • Real Estate Roundtable Sustainability Policy Advisory
  • Committee (Vice Chair) • Global Real Estate Sustainability Benchmark (GRESB)
  • Benchmark Committee Member
  • Sustainability Accounting Standards Board (SASB) Real
  • Estate Sector Advisory Group
  • New York Energy Consumers Council (Co-President)
  • Real Estate Board of New York (REBNY) Sustainability Committee
  • Building Energy Exchange (Nominating Committee Chair)
  • Urban Green Council
  • Energy Efficiency & Housing Panel Member, New York State Climate Action Council
  • New York State Department of Public Service Energy Efficiency and Building Electrification Strategic Advisory Group
  • NYC Commercial Buildings Working Group for Local Law 97 Implementation
  • Retrofit Chicago
  • Building Owners and Managers Association (BOMA) New York, Chicago, and San Francisco
  • BOMA-New York Pinnacle Each Award Sub- Committee (Chair)
  • AIA Committee on the Environment (COTE) Zero Waste Design Guidelines Advisory Board
  • Regional Plan Association (Board)
  • Young Men’s / Women’s Real Estate Association (Board)

Rendering of lobby terrace, PENN 2