Regency Centers Issues 2018 Corporate Responsibility Report
June 25 2019 - 4:15PM
Today, Regency Centers Corporation (“Regency” or the “Company”)
(NASDAQ:REG), the preeminent national owner, operator, and
developer of shopping centers, has released its Corporate
Responsibility Report for 2018. This year’s report reemphasizes the
Company’s approach to corporate responsibility, outlines the
progress made during the year and describes commitments to future
goals in the key areas of environmental, social, and governance
initiatives. The full report can be accessed on the Regency Centers
website on the Corporate Responsibility page.
“Regency’s commitment to corporate
responsibility is evident in our team’s 2018 accomplishments in key
areas of environmental, social and governance initiatives, which
are exemplified by the Company’s recent inclusion in the S&P
500 ESG index, and MSCI rating upgrade to A,” said Martin E. “Hap”
Stein, Jr., Chairman and Chief Executive Officer. “This year, I am
proud of our impressive progress and excited to share our key
objectives and goals within each of our pillars of responsibility.
Through achievement of these objectives, Regency’s progress will
continue to benefit our employees, communities, the environment,
tenants, and shareholders.”
People
Regency’s objective is to maintain a high level
of employee engagement with an overall score of 85% or greater,
while maintaining our award winning benefits and wellness plans and
enhancing our focus on diversity. Accomplishments include:
- Recognition as one of the top
organizations in the country for employee engagement at 87% – top
three for the Company’s size – with the Employee Voice Award
- Recipient of the First Coast
Healthiest Companies Award for the 11th consecutive year, with five
years of Platinum recognition for its commitment to employee
health
- Completion of nearly 11,000 hours
of employee training and continuing education that provide direct
access to leadership, professional development, 360-degree employee
feedback and coaching, and internship programs
- Further enhancement of highly
competitive benefits package to include new parental and compassion
leave policies
Communities
Adhering to Regency’s core values and culture,
the Company’s objective is to contribute to the betterment of
communities through investment and philanthropic efforts. This
includes a commitment to monetary donations as well as employees
donating their time through volunteer hours annually.
Accomplishments include:
- Long-standing partnerships with philanthropic organizations,
including the United Way, Habitat for Humanity, the YMCA, as well
as corporate matching programs for employee-driven initiatives that
promote the betterment of the community represented by $1.4 million
of employee and company-matched donations to philanthropic
partners
- The Regency Centers Fresh Look® initiative and its focus on
bringing the best merchants to thoughtfully designed destinations,
all while connecting the properties to our neighborhoods through
positive community impacts
- Recipient of the prestigious Silver MAXI Award for community
engagement practices as awarded by the International Council of
Shopping Centers
- Development and redevelopment starts of nearly $200M, with
projects that improve the neighborhoods we serve contributing to a
goal to start $1.25 billion of developments and redevelopments over
the next five years
Ethics and Governance
Regency’s objective is to maintain best-in-class
corporate governance with adherence to the highest ethical behavior
and corporate oversight, while continuing to achieve the highest
overall scores from leading shareholder advisory firms.
Accomplishments include:
- A commitment to ethical business practices and corporate
oversight, resulting in a top ISS Governance Quality Score of
1
- Execution of Board refreshment and diversity initiatives
designed to increase the breadth and expertise of experience with
25% female representation and an improvement in average tenure to 8
years
- Formalization of Board of Directors oversight of Regency’s
Corporate Responsibility Program, with the Nominating and
Governance Committee of the Board now acting as the governing and
oversight body of the Corporate Responsibility Committee
Environmental Stewardship
Regency’s objectives include a continued
commitment to being good stewards of our environment while reducing
our overall impact, represented by our renewed goals to reduce
energy consumption, greenhouse gas emissions and waste, coupled
with our focus on climate resiliency. Accomplishments include:
- Recipient of the GRESB Green Star for 4 consecutive years
- Completion of solar arrays at 17 shopping centers, producing
approximately 5,700-megawatt hours of clean and renewable power
each year
- Installation of 80 new Tesla level III chargers at one
location, now tied for the largest Tesla Supercharger station in
the nation
- Continued implementation of water conservation initiatives,
including high-efficiency irrigation systems now at over 130
shopping centers
- Completion of a sea level rise analysis to support our
commitment to climate change preparedness and resiliency that
positions the Company for long-term success
Regency’s Corporate Responsibility Report
follows the Global Reporting Initiative (GRI) Standards framework.
This report has been prepared in accordance with the GRI Standards
Core option.
About Regency Centers Corporation
(NASDAQ: REG)
Regency Centers is the preeminent national
owner, operator, and developer of shopping centers located in
affluent and densely populated trade areas. Our portfolio includes
thriving properties merchandised with highly productive grocers,
restaurants, service providers, and best-in-class retailers that
connect to our neighborhoods, communities, and customers. Operating
as a fully integrated real estate company, Regency Centers is a
qualified real estate investment trust (REIT) that is
self-administered, self-managed, and an S&P 500 Index member.
For more information, please visit regencycenters.com.
Laura Clark904 598
7831LauraClark@RegencyCenters.com
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