SANTA MONICA, Calif.,
Feb. 21, 2019 /PRNewswire/
-- Macerich (NYSE: MAC), one of the nation's leading owners,
operators and developers of one-of-a-kind retail properties in top
markets, today announced it has earned a top ranking on the 2018
CDP Climate A List – one of just 130+ out of nearly 7,000
participating companies.
Macerich is the only U.S. retail real estate company to earn
this highest level of recognition from CDP, which ranks companies
by grades starting with "A," followed by "A-" through
"D-."
In all, just 29 U.S. companies made the CDP Climate A List. Per
CDP, Macerich is one of the leading companies spearheading the
response to climate change through corporate leadership.
"Earning the highest marks from CDP underscores Macerich's
longstanding and fully integrated commitment to conducting all
aspects of our business with sustainability as a core value," said
Tom O'Hern, Chief Executive Officer,
Macerich. "We do this for many reasons. Not only is sustainability
important to the future of the planet, but our properties are
located in some of the most environmentally aware places in the
world. This means our employees, customers, retailers and brand
partners appreciate our commitment to the environment and how this
sets our portfolio apart."
CDP assesses companies on the comprehensiveness of their
disclosure, their awareness and management of environmental risks
and their demonstration of best practices associated with
environmental leadership, such as setting ambitious and meaningful
targets.
Macerich has a long record as the industry leader for
environmental achievements. In late 2018, Macerich was awarded the
National Association of Real Estate Investment Trusts (Nareit) 2018
Retail "Leader in the Light" for a remarkable fifth year in a row.
As well, last year Macerich achieved two other important measures
of sustainability leadership, both for the fourth year in a row:
GRESB's #1 ranking in the North American Retail Sector for 2018,
and a place on the Environmental Protection Agency's Green Power
Partnership list of Top 30 On-Site Generation companies.
Regarding Macerich's sustainability-minded development efforts,
last year the company's major redevelopment of Broadway Plaza in
Walnut Creek, CA, earned the
demanding LEED Gold® certification awarded by the U.S. Green
Building Council.
About Macerich
Macerich, an S&P 500 company, is a fully integrated
self-managed and self-administered real estate investment trust,
which focuses on the acquisition, leasing, management, development
and redevelopment of regional malls throughout the United States.
Macerich currently owns 51 million square feet of real estate
consisting primarily of interests in 47 regional shopping centers.
Macerich specializes in successful retail properties in many of the
country's most attractive, densely populated markets with
significant presence on the West Coast and in Arizona, Chicago and the Metro New York to Washington, D.C. corridor. Additional
information about Macerich can be obtained from the Company's
website at www.macerich.com.
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SOURCE Macerich