Simon Sustainability Report 2021

SIMON SUSTAINABILITY REPORT 2021

ENERGY MANAGEMENT (CONT.) Simon’s Demand Response (DR) program has expanded to 43 centers and we expect to add 10 new centers to our DR programs in 2022. As members of the communities in which they are located, Simon centers take their responsibility to contribute to grid stability seriously. Simon continues to make investments in infrastructure to improve the ability of centers to respond quickly to emergency dispatches. These improvements not only improve DR performance but also increase operational efficiency. Simon implemented several Energy Efficiency programs and projects in 2021, including initiating a substantive LED lighting conversion program for back of house and service court lighting at over 60 properties. Additionally, HVAC and central plant equipment was replaced with up to date, highly efficient energy-saving equipment. Simon also initiated the investment of modern building automation systems at 48 domestic properties. WATER MANAGEMENT Responsible water management is a priority for Simon, and we apply best practices to manage our water footprint across our portfolio. Simon’s water reduction target was to reduce our water consumption by 20% between 2013 and 2025. Simon achieved an 18.5% reduction in 2019, and a 26% reduction in 2020. Therefore, in 2023 Simon will set a new water reduction target that will drive our efficiencies and responsible use of water even further. Our program includes active benchmarking of water consumption data in addition to tracking and analyzing water consumption data monthly. We focus our water efficiency measures on water usage in restrooms, irrigation, air conditioning, and cleaning. Examples of the new equipment we purchase for restrooms include low-flow fixtures, aerators, automatic shutoffs, low-flow toilets, and waterless urinals. We continuously assess opportunities for water efficiency and reuse across the portfolio. We minimize the water use needed for landscaping by planting more drought-tolerant plant species, eliminating irrigation through xeriscaping, and by installing local drip-irrigation systems, efficient sprinkler heads, and smart irrigation control systems. Our updated EMS sets minimum requirements (e.g., WaterSense labeled fixtures) for all replacements, new (re)developments, and refurbishments of all common areas.

WASTE MANAGEMENT Simon aims to reduce waste generated through our operations and development activities wherever possible. We want to reduce our environmental footprint and lower waste handling costs. Reducing waste helps us achieve a lower carbon impact—contributing to a better environment and helping us to achieve our long-term target to reduce our scope 3 emissions by 21% by 2035. Simon has cardboard recycling programs in place at all properties and has rolled out plastic film recycling programs at select centers across the portfolio. On an ongoing basis, we assess the financial and operational feasibility of the use of single-stream recycling. By offering single-stream recycling, higher recycling rates are typically achieved because less effort is required from our retailers for waste separation. Simon has rolled out a tenant education program that outlines the availability of recycling programs, announces improved signage at centers, and regularly communicates reminders about proper implementation of recycling programs. To track and report on Simon’s waste and recycling data, an annual survey is conducted for all centers. To complete the survey, teams regularly check and ensure that they have full and efficient access to all waste stream data and report any issues that arise. On an annual basis, Simon analyzes all properties’ waste and recycling data, to help identify and address data gaps, as well as opportunities for centers to optimize their waste management and increase recycling rates.

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ENVIRONMENT

CREATING SUSTAINABLE CENTERS

CUSTOMERS

COMMUNITIES

EMPLOYEES

APPENDIX