Simon Sustainability Report 2021


INNOVATIONSUMMIT Simon is highly focused on continuous improvement within our operations, and regularly seeks out new companies that drive value, provide unique and innovative solutions that help reduce costs, improve the customer experience, and help us achieve our sustainability goals. Our Innovation Summits provide cutting-edge companies with an ideal platform to showcase their products and services, and a forum that enables Simon leadership participation, as well as question-and-answer sessions so that Simon attendees have a full understanding of the value proposition and sustainability benefits. The Innovation Summits have allowed Simon to identify best-in-class, innovative suppliers for product verticals including LED lighting and lighting controls, energy management systems, water reduction and leak detection technologies, work order and asset management systems, autonomous cleaning technologies, inventory management systems, solar systems, energy efficiency platforms, parking systems, and many others. Simon has adopted many of the showcased products and services, and as a result has enhanced the customer experience, and achieved energy reduction at a compelling cost. In early 2022, Simon’s corporate property management team organized a five-day Innovation Summit as a hybrid in-person and virtual event. Sixteen vendor companies were invited to Simon’s headquarters in Indianapolis to present their products and services to Simon. Vendors were selected based on our needs, and the potential positive impact their products or services would have on our business, with a specific emphasis on their scalability throughout the Simon portfolio.

ENVIRONMENT Our Innovation Summits provide an excellent opportunity for selected companies to demonstrate their value propositions to key decision makers and technical experts within the organization. We are continually ‘looking around corners’ for innovative solutions that drive value, reduce our emissions and energy usage, enhance the customer experience, and provide efficiencies within the organization. These summits have proven to achieve the desired goal, allowing us to pilot and adopt new scalable technologies and solutions quickly at a compelling cost, providing significant value to our stakeholders. “ “ EMPLOYEES APPENDIX COMMUNITIES

Stephen Kingsley Senior Vice President of Operations and Procurement




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