Simon Sustainability Report 2020-2021
Brick-and-mortar shopping enhances the quality of life and well-being of communities in numerous ways, including by supporting vital local interests such as education, public safety, and infrastructure. Additionally, in the ever-growing age of digitalization, shopping centers are an essential counterweight that provide invaluable gathering spaces for visitors to shop, dine, and share in-person experiences with family, friends, and other members of their local communities. As a global leader in retail real estate, it is important for us to comprehensively communicate the positive impact we have on communities. To this end, in 2018, with Deloitte, we started “The Environmental and Socioeconomic Impact of Mall and
Online Shopping Behaviors –2019 Whitepaper” study to identify and collect relevant socio-economic indicators the demonstrate our centers’ contributions to their communities. In 2020, Simon’s operational spend with local suppliers was approximately $566 million. Simon also paid over $681 million in local property taxes, and Simon’s tenants collected $2.6 billion in state sales taxes at its properties. Even though many jobs were lost due to the pandemic in 2020, over 350,000 people were employed by our tenants, providing income for many families across the United States.
350K+ PEOPLEWEREEMPLOYED BYOURTENANTS
204M RESIDENTSLIVING NEAROURCENTERS
$2.6B TOTALSTATE SALESTAXES
$566M SPENDWITH LOCALSUPPLIERS
LOCAL AND RESPONSIBLE VENDORS
We work with many local suppliers across the country—from cleaning and maintenance, to construction and security vendors. In 2020 alone, we spent over $566 million in our communities by working with local suppliers. Simon completed its Suppliers Code of Conduct last year. It outlines the minimum criteria all suppliers and subcontractors working with Simon must meet. All suppliers are strongly encouraged to exceed Simon’s guidelines and promote continuous improvement throughout their operations. The full Suppliers Code of Conduct is available on our Corporate website here. All suppliers must be able to demonstrate compliance with the following sustainability requirements: ■ Meet health and safety standards for employees. ■ Respect human rights, including fair wages, respect working hours, and meet all federal and state labor laws and prohibition of forced or child labor in any activities.
■ Provide equal opportunities for all qualified candidates and employees. Supplier shall not discriminate based upon age, ancestry, color, family, or medical care leave, gender identity or expression, genetic information, marital status, medical condition, national origin, physical or mental disability, political affiliation, protected veteran status, race, religion, sex (including pregnancy), sexual orientation, or any other characteristic protected by applicable laws, regulations, and ordinances. ■ Meet environmental laws and regulations and minimize their environmental footprint. Suppliers are encouraged not to use any hazardous substances or materials. ■ Keep data from Simon and its stakeholders safe and secure. ■ Meet all ethical standards of Simon including anti-corruption, bribery, and money laundering regulations.
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