SITE Centers Issues 2020 Corporate Responsibility and Sustainability Report
June 30 2021 - 4:05PM
Business Wire
SITE Centers Corp. (NYSE:SITC), an owner of open-air shopping
centers in affluent, suburban communities, announced today the
release of its 2020 Corporate Responsibility and Sustainability
Report. The report was completed in alignment with the Global
Reporting Initiative (GRI) and the Sustainability Accounting
Standards Board (SASB) metrics and frameworks. The report intends
to provide updates on the annual results of Site Centers’ corporate
responsibility & sustainability programs. The full report can
be found at https://www.sitecenters.com/2020CRS
“I am excited to present our 2020 Corporate Responsibility and
Sustainability Report, which is our seventh sustainability report
and our fifth formal report completed to the Global Reporting
Initiative (GRI) Standards,” said David Lukes, President, and Chief
Executive Officer. “Looking back, I find that despite its
challenges, 2020 was a year that underscored the factors that make
SITE Centers excel; namely, the dedicated, hardworking, and
thoughtful individuals who continue to work tirelessly toward a
more sustainable, more inclusive, and more community-oriented
future.”
Report Highlights
Recognition
- Included in Newsweek’s list of America’s Most Responsible
Companies.
- Included in the 2020 Bloomberg Gender-Equality Index (“GEI”)
comprised of public companies committed to transparency in
gender-data reporting and which have exhibited performance on
specific gender-data metrics.
- Rated “Green Star” by GRESB (Global Real Estate Sustainability
Benchmark) for our sustainability benchmark results with an
above-average rating relative to our peer group with respect to our
level of public ESG disclosures.
- Recognized as a Silver Green Lease Leader by the U.S.
Department of Energy and The Institute for Market Transformation
for our development and implementation of green leases.
Governance
- Maintained ISS Governance Quality Score of 1.
- Aligned Corporate Responsibility & Sustainability Reporting
with Sustainability Accounting Standards Board (SASB) metrics and
framework.
People
- 200 SITE Centers female employees participated in the Women of
Influence program.
- Awarded $25,000 in scholarships to SITE employees.
- Formed SITE Helpers – a diversity, equity, and inclusion
steering committee. The SITE Helpers acronym was derived from its
key components: Humility, Empathy, Listening, Process, Education,
Reconciliation, Support.
Social
- Engaged with our communities through our YOUnity program to
contribute to over 250 charitable organizations and to raise over
$274,000 in donations.
- Raised $35,000 from the employee gift matching program.
- SITE employees volunteered at 17 different organizations for a
total of 272 hours.
- SITE employees donated time to serve as board members for 9
non-profit organizations.
Environmental
- Since 2018, SITE Centers has converted over 5,847 metal halide
fixtures to LED parking lot fixtures. The upgrades created
significant energy savings and provided aesthetic improvement to
lighting levels for tenants and customers.
- Installed white reflective roofs as part of an ongoing
programmatic replacement strategy at owned and managed properties
totaling 550,000 square feet in 2020 and 31.8 million square feet
over the lifetime of our program. These reflective membranes allow
for sunlight to be reflected into the atmosphere, thereby reducing
the urban heat island effect, decreasing the cooling costs of our
tenants, and reducing demand on local electrical grids.
- Reduced like-for-like energy consumption by 4.1% over 2019 at
SITE’s wholly-owned assets.
- Operated 333 electric car charging stations that facilitated
456,000 charging sessions across the owned and managed portfolio at
the end of 2020. These units provide necessary infrastructure for
electric vehicle utilization in surrounding communities and allow
SITE to play an additional role in global carbon reduction.
- Utilized solar panels at 13 owned and managed properties to
generate 3,268-megawatt hours of renewable power in 2020, which
reduced consumption of non-renewable energy sources.
- Employed water conservation strategies include xeriscaping,
rainwater collection, re-use of greywater for chiller systems, drip
irrigation installations, native landscaping, and intelligent
metering.
- Worked with tenants to identify recycling and composting
opportunities to divert approximately 30% of the waste generated at
owned and managed centers away from landfills.
- 79% of new leases executed at SITE’s wholly-owned properties
contained green lease language.
About SITE Centers Corp.
SITE Centers is an owner and manager of open-air shopping
centers located in suburban, high household income communities. The
Company is a self-administered and self-managed REIT operating as a
fully integrated real estate company, and is publicly traded on the
New York Stock Exchange under the ticker symbol SITC. Additional
information about the Company is available at www.sitecenters.com.
To be included in the Company’s e-mail distributions for press
releases and other investor news, please click here.
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Conor Fennerty, EVP and Chief Financial Officer 216-755-5500
SITE Centers (NYSE:SITC)
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