Kimco Realty Releases 2017 Corporate Responsibility Report
June 19 2018 - 8:01AM
Business Wire
Kimco Realty Corp. (NYSE:KIM) announced today the release of its
2017 Corporate Responsibility Report. This fifth annual report
provides a comprehensive account of Kimco’s performance on a range
of environmental, social and governance aspects.
“Adaptation to change is perhaps one of the most significant
contributing factors to sustainability, and it is especially
critical in this time of transformation in the retail industry,”
said Conor Flynn, Chief Executive Officer. “At its core,
sustainability is about building a business that will stand the
test of time. Our efforts are expanding the boundaries of
sustainability within the REIT industry, moving beyond a
traditional single-issue focus on environmental performance to
include employee, community and vendor performance.”
“In 2017 we expanded employee training, recognition and wellness
efforts, in addition to launching a new platform focused on driving
community giving and volunteerism among our associates,” said David
Jamieson, Executive Vice President and Chief Operating Officer. “We
have also been responding to increasing investor demand for
transparency around non-financial performance, and were proud to
achieve a perfect score on the Global Real Estate Sustainability
Benchmark’s inaugural Public Disclosure Ranking.”
2017 Highlights
Kimco’s achievements for 2017 include:
- Named to the Dow Jones Sustainability
North America Index for the third time, the only retail REIT on the
index.
- Completed 238 sustainable improvement
projects for a total investment of $11.4 million.
- Achieved a 4.12 percent reduction in
same-site greenhouse gas (GHG) emissions within operational control
from 2016 to 2017.
- Diverted a quarter of all operational
waste (55,491 metric tons) from landfills or incinerators.
- Produced 3,143 megawatt hours of solar
energy.
- Logged 824 hours of employee volunteer
service through Kimco’s Community Connection program. Beyond
volunteerism, the company contributed a total of $108,000 towards a
variety of charitable causes.
- Sponsored over 27,923 hours of training
– an average of 51 hours per employee.
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. A report supplement contains multiple years of
historical GRI indicator data.
The digital version of the report can be accessed here.
About Kimco
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, 2018, the company owned interests
in 475 U.S. shopping centers comprising 81 million square feet of
leasable space primarily concentrated in the top major metropolitan
markets. 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 60 years. For
further information, please visit www.kimcorealty.com, the company’s blog at blog.kimcorealty.com, or
follow Kimco on Twitter at www.twitter.com/kimcorealty.
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version on businesswire.com: https://www.businesswire.com/news/home/20180619005157/en/
Kimco Realty Corp.Jennifer Maisch, 516-869-7224Director,
Corporate Communicationsjmaisch@kimcorealty.com
Kimco Realty (NYSE:KIM)
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