Kimco Realty publishes its 2020 corporate responsibility report
JERICHO, NY – (COMMERCIAL THREAD) – Kimco Realty Corp. (NYSE: KIM), one of North America’s largest publicly traded owners and operators of outdoor shopping malls, anchored grocery stores and mixed-use assets, today announced the release of its report 2020 on corporate responsibility. This eighth annual report details the company’s performance in the areas of environmental, social and governance (ESG).
Highlights of the 2020 report
Despite the challenges of the COVID-19 pandemic, Kimco has made great strides in its ESG initiatives, achieving several important milestones over the past year:
Became the first North American retail property owner to be included in the Dow Jones Sustainability World Index, which represents the top ten percent of the 2,500 largest companies in the S&P Global Broad Market Index on the basis of long-term economic and ESG factors.
Publicly announced an ambitious set of ESG goals, including a science-based emissions reduction target, a goal of reaching net zero by 2050 and a commitment to increase diversity in its management ranks to 60% by 2030 through enhanced employee recruitment and engagement programs.
Associates have come together with a strong emphasis on supporting tenants throughout the pandemic. Through its Tenant Assistance Program (TAP), Kimco has helped hundreds of small business tenants secure approximately $ 20 million in funding for disaster relief – one of many innovative programs at tenant assistance that it launched over the past year.
Expanding ESG efforts to include capital markets, completing its first green bond issue, which grew from $ 300 million to $ 500 million following strong investor demand.
Welcomed Henry Moniz to its board, increasing the proportion of miscellaneous board members to 50 percent. As Chief Compliance Officer at Facebook, and formerly at ViacomCBS, Mr. Moniz brings a wide range of experiences and knowledge in the areas of governance, compliance, risk, data analytics and technology.
“While the events of the past year have strained our resolve, we are incredibly proud of how our team of associates weathered this crisis while continuing to focus on creating value for all of our parties. stakeholders, âsaid Conor Flynn, CEO of Kimco Realty. . âAfter a year of transformation, we are entering this next period in a position of strength and with clarity of purpose unprecedented in the history of our organization. We continue to build on our long history of action to address ESG issues, with a look to the future. ”
The digital version of Kimco’s 2020 Corporate Responsibility Report can be accessed here.
This report has been prepared in accordance with the Global Reporting Initiative (GRI) Sustainability Reporting Standard and incorporates information aligned with the Sustainability Accounting Standards Board (SASB) and the Climate-Related Financial Reporting Working Group ( TCFD).
Hiring of the new ESG director
Further deepening the company’s commitment to addressing critical ESG topics, Kimco hired Tamara Chernomordik as Director of ESG. In this dedicated role, Ms. Chernomordik will be responsible for leading the strategic development and implementation of the company’s ESG program, guiding Kimco on the path to achieving her publicly stated goals.
Ms. Chernomordik comes to Kimco with over a decade of industry experience, including expertise in ESG and corporate sustainability, stakeholder engagement and change management. Most recently, she was at Prologis, a leading industrial REIT, where she was responsible for the development, implementation and management of ESG strategies and programs that created business value for key stakeholder groups. .
Kimco Realty Corp. (NYSE: KIM) is a Jericho, NY-based real estate investment trust (REIT) that is one of North America’s largest publicly traded owners and operators of outdoor shopping malls, anchored in grocery stores and in mixed use. assets. The company’s portfolio is primarily concentrated in prime suburbs of major metropolitan markets, including high-barrier coastal markets and rapidly expanding Sun Belt towns, with a tenant mix focused on basic essentials. . and services that involve several races per week. Kimco is also committed to providing leadership in environmental, social and governance (ESG) issues and is a recognized industry leader in these areas. Listed on the NYSE since 1991 and included in the S&P 500 Index, the company has specialized in the ownership, management, acquisitions and redevelopment of shopping centers for over 60 years. As of March 31, 2021, the Company had interests in 398 shopping centers and mixed-use assets in the United States comprising 70 million square feet of gross rental space.
The company announces important information to its investors using the company’s investor relations website (investors.kimcorealty.com), SEC filings, press releases, public conference calls and webcasts . The company also uses social media to communicate with its investors and the public, and information that the company posts on social media can be considered material information. Therefore, the Company encourages investors, the media and others interested in the Company to review the information it posts on its social media channels, including Facebook (www.facebook.com/kimcorealty), Twitter (www.twitter.com/kimcorealty), YouTube (www.youtube.com/kimcorealty) and LinkedIn (www.linkedin.com/company/kimco-realty-corporation). The list of social media channels the Company uses may be updated from time to time on its Investor Relations website.