Kimco Realty Releases 2016 Corporate Responsibility Report
June 15 2017 - 4:01PM
Business Wire
Building on the corporate responsibility
program’s six years of success, Kimco sets its sights beyond basic
environmental, social, and governance practices
Kimco Realty Corp. (NYSE: KIM) announced today the release of
its 2016 Corporate Responsibility Report. This fourth annual report
provides a comprehensive account of Kimco’s performance on a range
of environmental, social and governance aspects.
“Over the past several years, we’ve been hard at work
transforming Kimco’s business—reshaping our portfolio, cultivating
new leaders from within, and establishing a 2020 Vision that will
provide the strategic direction to deliver steady and recurring
growth for many years to come,” said Conor Flynn, Chief Executive
Officer at Kimco Realty. “During this period we’ve also developed a
robust corporate responsibility program, establishing Kimco as an
early industry leader and earning recognition from the Dow Jones
Sustainability Indices, Global Real Estate Sustainability
Benchmark, and others.”
“As we reflect on recent milestones and plan for the future, our
team is committed to going beyond expectations to build a
next-generation Real Estate Investment Trust,” said David Jamieson,
Executive Vice President and Chief Operating Officer. “We
understand that we must not only identify challenges, but seek
solutions and innovations that will position Kimco for success.
Sustainability serves as one of the lenses through which we are
evaluating these emerging opportunities in our business.”
2016 Highlights
Kimco’s achievements for 2016 include:
- Named to the Dow Jones Sustainability
North America Index, GRESB Green Star, and Newsweek’s Top Green
Companies in the U.S.
- Achieved a cumulative 18 percent
reduction in same-site energy consumption since 2011 by investing
in property improvements that are delivering significant
operational savings. The company is going beyond existing
operations to embed sustainability criteria into the design of new
properties and major redevelopments.
- Completed 170 sustainable improvement
projects for a total investment of $10.1 million.
- Produced 3,564 megawatt hours of solar
energy.
- Diverted approximately a quarter of all
operational waste (57,313 metric tons) from landfills or
incinerators.
- Launched initiatives that exemplify
Kimco’s commitment to developing its talented team. Kimco’s
employees are its most important asset, and the company made
significant investments in diversity, education, and wellness
programs in 2016.
- Contributed 476 hours of employee
volunteer service through Kimco’s Community Connection
program.
- Continued to build upon its long-term
commitment to best practices in areas such as stakeholder
engagement, corporate governance, ethics, and external reporting.
Kimco recently expanded board- and executive-level involvement in
its corporate responsibility program, and has also published a
comprehensive ESG (environmental, social and governance) policy to
clearly articulate program governance to external audiences.
The 34-page Corporate Responsibility Report follows the Global
Reporting Initiative’s (GRI) G4 Sustainability Reporting
Guidelines. The summary report is intended for all audiences and
covers the most relevant content for stakeholders. The report
appendix is designed as optional supplemental reading for those
stakeholders interested in more detailed GRI indicator data on
Kimco’s performance.
The digital version of the report can be accessed here.
About Kimco Realty
Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust
(REIT) headquartered in New Hyde Park, N.Y., that is one of North
America’s largest publicly traded owners and operators of open-air
shopping centers. As of March 31, 2017, the company owned interests
in 517 U.S. shopping centers comprising 84 million square feet of
leasable space across 34 states and Puerto Rico. Publicly traded on
the NYSE since 1991, and included in the S&P 500 Index, the
company has specialized in shopping center acquisitions,
development and management for more than 50 years.
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Kimco Realty CorporationDavid F. Bujnicki, 1-866-831-4297Senior
Vice President, Investor Relations & Strategy
Kimco Realty (NYSE:KIM)
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