At its core, our business is about building community, and that is reflected in our environmental, social, and governance (ESG) mission: to build a better world for people, business, community, and the planet.
As our ESG program continues ahead, we are driven by the fact that it is not just a solitary initiative but is woven into everything we do — from the tenants and community partners we choose to work with to how we develop our properties and conduct our corporate business.
We have made some great strides and intend to keep pushing forward in search of more positive impacts we can make — on our people, our business, our communities, and our planet.
Environmental
Social
Governance
Lead on Sustainable Solutions
Partner for Thriving Communities
Empower Our People
2022 Highlights
Lead on Sustainable Solutions
solar panels installed on the former Macy’s roof at Stonestown Galleria (CA).
meals were provided to communities in need, exceeding our goal of 2.5M meals.
2022 Highlights
2022 Highlights
2022 Highlights
Promote Trust Through Governance
2022 Highlights
1,000+
Our 2030 ESG Goals
We are proud to share our 2030 ESG goals, setting out our new forward-looking ambitions related to all four pillars of our mission. These unwavering beliefs provide the foundation for the goals we set and support the actions we take.
1.7M
of renewable energy expected to be generated annually by the solar array installed at Staten Island Mall (NY). This is the equivalent of taking 281 cars off the road.
kWh
55M+
kWh
of renewable energy generated across 52 retail properties in 2022.
100%
of our retail portfolio committed to net zero greenhouse gas emissions by 2050.
780K+
electric vehicle (EV) charging sessions across our portfolio.
2022 Highlights
Partner for Thriving Communities
3.5M+
150+
food relief events were hosted at more than 110 properties.
47
Partner to Empower stores open or under construction. The program helps business owners of color open brick-and-mortar stores in our retail centers nationwide.
32
adoptions due in part to the Heart Gallery displays, which connect youth in foster care with caring adults.
2022 Highlights
Empower Our People
$176K+
raised for more than 215 charities.
1,550+
volunteer hours recorded, with over 215 causes impacted.
40%
of employees participated in at least one ERG.
52M+
square feet achieved IREM’s Certified Sustainability Property program.
1
ranked in the Retail, Americas sector by global sustainability authority GRESB.*
100%
of our retail business’ board meetings covered ESG risks and opportunities.
7th
ranked for on-site solar adoption in the U.S. by the SEIA.
2022 Highlights
Promote Trust Through Governance
We create efficient, resilient, and future-fit properties for our communities, employees, and tenants.
Reduce scope 1 and 2 GHG emissions 67% per square meter by 2030, to achieve net zero by 2050.*
*Reductions measured against a 2019 baseline. Details on each scope can be found in ESG overview presentation.
10% reduction in water use.*
Engage our stakeholders to support scope 3 emissions reductions.
55% diversion from landfill.
Lead on Sustainable Solutions
Partner for Thriving Communities
Empower Our People
Promoting Trust Through Governance
We’re honored to collaborate with our local partners across the country to create vibrant, sustainable communities.
Increase community activations at our comparable centers by 3% each year.
Attain 10% improvement in recordable injury rate.
Every retail property to establish and host a “signature event” every year.
Achieve a 90% average participation rate in life safety principal assessment.
We lead with inclusivity, embracing our diverse culture, and empower our employees through our four core values: Act With Integrity, Take Initiative, Build Mutual Trust, and Win Together.
We commit to establish a D&I strategy and quantifiable goals across our talent acquisition processes.
*Employee participation rate is percentage of employees who have either volunteered and/or donated in a year.
Achieve 30% employee participation in giving back efforts.*
We are committed to maintaining the highest ethical and legal standards. We manage risks and leverage opportunities to build a sustainable, successful business.
We commit to publicly report progress against our ESG goals.
Annual ESG training for our leadership team.
100%
of waste recycled or donated in the refresh project at Northridge Fashion Center (CA), in our first project with Green Standards.
*1st was for our three-mall joint-venture with CBRE-IM and 2nd was for our Core Retail portfolio.
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