Simon Sustainability Report 2014

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WASTEMANAGEMENT We are continuously looking for opportunities to increase recycling and minimize waste. This approach will enable us to strengthen our relationships with our tenants and the communities in which we operate. Simon’s strategy seeks to transform and influence waste further up the waste management hierarchy. This approach emphasizes managing waste in a responsible and eco-friendly manner while also focusing on resource conservation. The vast majority of the waste disposed at our properties is generated by our tenants. As such, as a landlord, we may not always have the direct ability to require waste reduction and recycling from our tenants; however, we provide our tenants with the necessary means and infrastructure to recycle waste generated within their leased space and we encourage their participation to recycle when possible. Examples of our waste reduction initiatives include:

Recycling Programs All Simon properties have recycling programs in place. In 2013, more than 34,000 tons of cardboard were recycled and diverted from landfills or incineration. This is equivalent to conserving 306,000 cubic yards of landfill space or approximately 3.5 Olympic sized swimming pools. Moving forward, Simon’s waste management strategy seeks to expand our recycling efforts to capture additional recyclable waste streams.

Waste Management Hierarchy

Most Preferred

Source Reduction & Reuse

Recycling & Composting

Energy Recovery

Treatment & Disposal

Least Preferred

SIMON PROPERTY GROUP, INC.