Simon Sustainability Report 2021


SUSTAINABLENEWPROPERTIES To ensure Simon adds new sustainable properties to its portfolio, we have updated our sustainable development guidelines to incorporate energy efficiency, water conservation, sustainable sourcing, and expected community socioeconomic impact of every major redevelopment of the property. During the construction, we utilize these guidelines to collaborate with local stakeholders to ensure health and safety standards are in place, pollution is minimized or avoided, and construction waste is sorted and recycled. We have also updated our procurement guidelines and incorporated an ESG due diligence checklist that is used in connection with considering any new acquisition of super-regional malls. During the acquisition phase, we use this checklist to assess every property on its energy efficiency, climate impact, socioeconomic contributions, health and safety aspects, and compliance with regulatory requirements.

EMPLOYEES Phipps Plaza has long been a luxury icon in the Southeast, and this expansion will further elevate its exceptional position by creating a reimagined destination to live, work, shop, and dine, unlike any other in the region. David Simon Chairman, Chief Executive Officer and President of Simon “ “ ■ The Huntley high-end apartment tower with 260 luxury residences ■ 750 Park Avenue condominium tower with 123 exquisitely appointed residences ■ 90,000-square-foot Life Time Athletic Center ■ 22,000-square-foot food hall ■ Green public spaces for a variety of community events APPENDIX ENVIRONMENT PHIPPS PLAZA IN ATLANTA: MIXED-USE TRANSFORMATION Phipps Plaza’s redevelopment exemplifies the Simon 360° Live, Work, Play, Stay, Shop paradigm. The new office tower, One Phipps Plaza that is part of the redevelopment, lies in the heart of Buckhead, and it is in a prime position to enable companies to make the most of this city’s diverse business sectors, services, and workforce, all while being in close proximity to world-class shopping, dining, and fitness. The dynamic, reimagined redevelopment also includes the arrival of Nobu Hotel and Restaurant Atlanta, along with a 115,000-square-foot Life Time ® healthy living and entertainment destination and a unique, curated dining experience. The redevelopment also features an outdoor event venue, a multipurpose courtyard providing easy access to the adjacent One Phipps Plaza office building and restaurants. This green space will be the site for a variety of events enhancing the public space at Phipps Plaza. PART OF THE MIXED-USE TRANSFORMATION: ■ One Phipps Plaza - 13 stories of LEED certified office space ■ State-of-the-art 166-room AC Hotels by Marriott ■ 156-room hotel by Nobu Hotels ■ Cortland at Phipps Plaza luxury residential complex with 319 sophisticated urban-style residences





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