NEW YORK, June 30, 2021 /PRNewswire/ -- Brixmor
Property Group Inc. (NYSE: BRX) ("Brixmor" or the "Company")
announced today the release of its annual Corporate Responsibility
(CR) Report, which provides a comprehensive overview of the
Company's strategy to improve the environmental, social and
economic well-being of its stakeholders, as well as a measure of
Brixmor's progress with respect to related initiatives.
2020 Milestones:
- Established an ESG Steering Committee comprised of executive
and senior leadership from a variety of functional areas across the
Company and led by our Senior Vice President, Operations &
Sustainability
- Formalized our Climate Change Policy (see pages 35 and 36 of
our CR report)
- Formed a Diversity & Inclusion Leadership Council (see page
23 of our CR report)
-
- Reports directly to the CEO
- Assists in maintaining best practices and behaviors to promote
diversity and enhance inclusion
- Aligned disclosures with the Sustainability Accounting
Standards Board (SASB) and the Task Force on Climate-related
Financial Disclosures (TCFD) (see pages 59 and 60 of our CR
report)
- Published our Supplier Code of Conduct (see our website and
page 52 of our CR report)
Newly established goals:
- Achieve Net Zero Carbon emissions by 2045 for areas under our
operational control
- Become a signatory to Science Based Target Initiative,
committing to an interim reduction of 50% for scope 1 and 2 by
2030
- Adhere to newly established Diversity, Equity and Inclusion
goals (see page 23 of our CR report)
- Achieve 90% employee participation annually in at least one
company-sponsored health and well-being initiative
- Complete an average of 45 training hours per employee
annually
Notable updates to existing goals:
- Stabilize $1.3B+ of value enhancing reinvestment projects that
positively impact our communities by 2025 (previously $1.0B)
- Increase community volunteer participation to 100% by 2025
(previously 75%)
"Our ability to deliver sustainable outperformance is rooted in
the strength of our culture, our people, and our commitment to ESG
excellence, which prioritizes the well-being of our stakeholders,"
said James Taylor, Chief Executive
Officer and President. "We look forward to the challenges and
opportunities that our newly established ESG goals present as we
remain focused on our purpose to be the centers of the communities
we serve."
To learn more and read the entire report, please visit
https://www.brixmor.com/why-brixmor/corporate-responsibility.
CONNECT WITH BRIXMOR
- For additional information, please visit www.brixmor.com;
- Follow Brixmor on:
-
- Twitter at https://twitter.com/Brixmor
- Facebook at https://www.facebook.com/Brixmor
- Instagram at
https://www.instagram.com/brixmorpropertygroup
- YouTube at https://www.youtube.com/user/Brixmor; and
- Find Brixmor on LinkedIn at
www.linkedin.com/company/brixmor.
ABOUT BRIXMOR PROPERTY GROUP
Brixmor (NYSE: BRX) is a
real estate investment trust (REIT) that owns and operates a
high-quality, national portfolio of open-air shopping centers. Its
389 retail centers comprise approximately 68 million square feet of
prime retail space in established trade areas. The Company
strives to own and operate shopping centers that reflect Brixmor's
vision "to be the center of the communities we serve" and are home
to a diverse mix of thriving national, regional and local
retailers. Brixmor is a proud real estate partner to
approximately 5,000 retailers including The TJX Companies, The
Kroger Co., Publix Super Markets and Ross
Stores.
Brixmor announces material information to its investors in SEC
filings and press releases and on public conference calls, webcasts
and the "Investors" page of its website at www.brixmor.com. The
Company also uses social media to communicate with its investors
and the public, and the information Brixmor posts on social media
may be deemed material information. Therefore, Brixmor encourages
investors and others interested in the Company to review the
information that it posts on its website and on its social media
channels.
SAFE HARBOR LANGUAGE
This press release may contain forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. These
statements include, but are not limited to, statements related to
the Company's expectations regarding the performance of its
business, its financial results, its liquidity and capital
resources and other non-historical statements. You can
identify these forward-looking statements by the use of words such
as "outlook," "believes," "expects," "potential," "continues,"
"may," "will," "should," "seeks," "projects," "predicts,"
"intends," "plans," "estimates," "anticipates" or the negative
version of these words or other comparable words. Such
forward-looking statements are subject to various risks and
uncertainties, including those described under the sections
entitled "Forward-Looking Statements" and "Risk Factors" in the
Company's Annual Report on Form 10-K for the year ended
December 31, 2020 and the Company's
Quarterly Report on Form 10-Q for the quarter ended March 31, 2021, as such factors may be updated
from time to time in our periodic filings with the SEC, which are
accessible on the SEC's website at www.sec.gov. Currently, one of
the most significant factors that could cause actual outcomes or
results to differ materially from forward-looking statements is the
adverse effect of the current pandemic of the novel coronavirus, or
COVID-19, on the financial condition, operating results and cash
flows of the Company, the Company's tenants, the real estate
market, the financial markets and the global economy. The COVID-19
pandemic has impacted the Company and its tenants significantly,
and the extent to which it continues to impact the Company and its
tenants will depend on future developments, which are highly
uncertain and cannot be predicted with confidence, including the
scope, severity and duration of the pandemic, the speed and
effectiveness of vaccine and treatment developments and their
deployment, public adoption rates of COVID-19 vaccines, potential
mutations of COVID-19, including SARS-CoV-2 and the response
thereto, the direct and indirect economic effects of the pandemic
and containment measures, and potential sustained changes in
consumer behavior, among others. Accordingly, there are or will be
important factors that could cause actual outcomes or results to
differ materially from those indicated in these statements. These
factors should not be construed as exhaustive and should be read in
conjunction with the other cautionary statements that are included
in this release and in the Company's filings with the SEC. The
Company undertakes no obligation to publicly update or review any
forward-looking statement, whether as a result of new information,
future developments or otherwise, except as required by law.
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SOURCE Brixmor Property Group Inc.