Simon Sustainability Report 2020-2021
SUSTAINABILITY STRATEGY At Simon, we define and implement sustainability initiatives that consider all aspects of our business. This approach enhances the communities in which we operate and also generates long-term shareholder value by embracing opportunities, improving the bottom line, and mitigating environmental and social risks.
Our sustainability vision is to be recognized as a leader in sustainable retail real estate development and operations in the U.S. In 2020, we updated our sustainability strategy towards ‘Creating Sustainable Centers’ and set new focus areas and long- term commitments to increase our socio-economic impact while reducing our environmental footprint. The four key areas of our sustainability framework are outlined below:
CREATING SUSTAINABLE CENTERS
Build strong communities through development and engagement activities that have a meaningful social and economic impact at the local level. Simon is committed to: — Creating a positive impact on over 204 million residents living near our centers. — Graduating the 30,000 Simon Youth Foundation (SYF) students by the end of the 2024-2025 academic year.
Responding to customers’ needs and assisting our tenants to succeed in their business by enhancing the shopping experience at Simon centers. Simon is committed to: — Rolling out a tenant engagement initiative to collaborate with tenants and reduce our scope 3 carbon emissions by 21% by 2035. — Maintaining the WELL Health-Safety Ratings at our centers through 2021. — Providing EV charging stations at 100% of our properties.
Effectively develop and operate our properties with innovative solutions that reduce our environmental footprint as well as our operational costs. Simon is committed to: — 68% reduction in scope 1 and 2 GHG emissions by 2035. — Minimizing water usage by reducing consumption at our centers by 20% between 2013 and 2025. — Incorporating sustainable development guidelines in all new (re) developments . — Increasing the number of green building certifications annually.
Maintaining a culture that attracts and retains the sector’s best talent through thoughtful employee engagement. Simon is committed to: — Participating in the Disability and Equality Index (DEI) annually, and being named among DEI’s Best Places to Work™. — Providing Ethics training to 100% of full-time employees within 30 days of hire. — Establishing an annual employee Sustainability Innovation Award.
SIMON SUSTAINABILITY REPORT 2020-2021 | 7
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