Jericho, N.Y. — Kimco Realty®, North America’s largest publicly traded owner and operator of open-air, grocery-anchored shopping centers and a growing portfolio of mixed-use assets, has published its 2022 Corporate Responsibility Report. The report highlights the company’s progress in addressing environmental, social and governance (ESG) topics, which have been a focus for Kimco and its stakeholders for over a decade.
“We remain dedicated to our focus on ESG, acknowledging its inherent connection to the maximization of long term stakeholder value,” says Conor Flynn, CEO of Kimco. “Our 2022 achievements reflect our ongoing commitment to sustainability and corporate responsibility, which we continue to view as essential to our business and our culture.”
In addition to achieving its annual targets around stakeholder engagement, tenant satisfaction, giving, employee satisfaction and employee wellness in 2022, Kimco also achieved two of its mid- and long-range ESG goals ahead of schedule:
- Established dedicated space for the activation of outside common areas at more than 20% of properties, a goal originally set for 2030.
- Improved common area water efficiency at properties by more than 20% compared to 2020, surpassing a target initially established for 2025.
In addition to these accomplishments, select 2022 ESG program highlights include the following:
The company’s capital plan targets an investment of over $10 million annually to achieve its ESG goals, including its Science-Based Target, by funding initiatives such as efficient lighting, smart metering and irrigation projects. As of December 31, 2022, Kimco was ahead of pace towards achieving its Scope 1 and 2 Science-Based Target.
The full 2022 Corporate Responsibility Report can be accessed here.
Kimco Realty® is a real estate investment trust (REIT) headquartered in Jericho, N.Y. that is North America’s largest publicly traded owner and operator of open-air, grocery-anchored shopping centers and a growing portfolio of mixed-use assets. As of March 31, 2023, the company owned interests in 529 U.S. shopping centers and mixed-use assets comprising 90 million square feet of gross leasable space. For more information, visit www.kimcorealty.com.
SOURCE: Kimco Realty®