Kimco Realty Remains Sole Retail Owner Named to Dow Jones Sustainability North America Index; Earns GRESB Green Star Designat...
September 12 2017 - 3:01PM
Business Wire
Latest achievements solidify the Company’s
standing as one of the REIT industry’s foremost ESG leaders
Kimco Realty Corp. (NYSE: KIM) announced today that it has been
recognized by two leading organizations for its outstanding
commitment to sustainability and transparency. For the third
consecutive year, Kimco was named to the Dow Jones Sustainability
North America Index, remaining the sole U.S. retail owner among
eligible companies. In 2017, Kimco had significant improvements for
its sub-scores in the environmental, social, and economic
performance areas.
The Dow Jones Sustainability Index assessment process involves
the evaluation of 3,400 of the world’s largest companies each year
and is considered a leading authority for investors tracking the
financial performance of corporate sustainability leaders in their
respective industries.
In addition to Kimco’s Dow Jones recognition, the company earned
the Green Star designation by the Global Real Estate Sustainability
Benchmark (GRESB) for the fourth year in a row, within the top
quartile of 823 global respondents. Kimco remains the top-ranked
North American company among a peer group of open-air retail
property owners.
This year, GRESB added a new Public Disclosure Assessment,
measuring the extent and transparency of a company’s public ESG
reporting. Data are collected for all companies in the
FTSE/EPRA/NAREIT Developed Index of 450 listed companies. Kimco
achieved an “A” disclosure rating with a perfect score of 70
points.
“Since launching our formal Corporate Responsibility efforts in
2011, we have reduced our same-site energy consumption by 18
percent and implemented innovative programs in the environmental,
social and governance arenas,” said Conor Flynn, CEO of Kimco. “We
are proud to be consistently recognized as a leader among our peers
as well as some of the world’s largest publicly held companies. We
remain committed to leadership in the areas of ESG performance and
transparency, underscoring our commitment to being a Next
Generation REIT.”
About Kimco
Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust
(REIT) headquartered in New Hyde Park, N.Y., that is one of North
America’s largest publicly traded owners and operators of open-air
shopping centers. As of June 30, 2017, the company owned interests
in 510 U.S. shopping centers comprising 84 million square feet of
leasable space primarily concentrated in the top major metropolitan
markets. Publicly traded on the NYSE since 1991, and included in
the S&P 500 Index, the company has specialized in shopping
center acquisitions, development and management for more than 50
years. For further information, please visit www.kimcorealty.com,
the company’s blog at blog.kimcorealty.com, or follow Kimco on
Twitter at https://twitter.com/kimcorealty.
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version on businesswire.com: http://www.businesswire.com/news/home/20170912006274/en/
Kimco Realty Corp.Jennifer Maisch, 516-869-7224Director,
Corporate Communicationsjmaisch@kimcorealty.com
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