SITE Centers Issues 2021 Corporate Sustainability Report

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06/29/2022 - 04:05 PM EDT

BEACHWOOD, Ohio--(BUSINESS WIRE)-- SITE Centers Corp. (NYSE:SITC), an owner of open-air shopping centers in suburban, high household income communities, announced today the release of its 2021 Corporate Sustainability Report which is the Company’s eighth sustainability report and sixth completed in accordance with the Global Reporting Initiative (GRI) Standards. The report intends to provide updates on the annual results of SITE Centers’ corporate responsibility & sustainability programs, was completed in alignment with GRI and the Sustainability Accounting Standards Board (SASB) metrics and frameworks, and includes the Company’s initial implementation of the Task Force on Climate-Related Financial Disclosures (TCFD). The full report can be found at https://www.sitecenters.com/2021CSR.

“I am pleased to present our 2021 Corporate Sustainability Report after another tremendous year for the team at SITE Centers, which builds on our work from the last eight years and beyond. As we look back at our efforts throughout 2021, our team has much to be proud of in terms of accomplishments and progress to date on our initiatives. We continue to prioritize our stakeholders, including our people, our communities and the environment, to work to ensure that they remain a focus throughout every facet of our business,” said David R. Lukes, President and Chief Executive Officer.

2021 Recognition and Awards Include:

Included in Newsweek’s list of America’s Most Responsible Companies.
Included in the 2021 Bloomberg Gender-Equality Index (“GEI”) comprised of public companies committed to transparency in gender-data reporting and which have exhibited performance on specific gender-data metrics.
Rated “Green Star” by GRESB (Global Real Estate Sustainability Benchmark) for sustainability benchmark results with an above-average rating relative to the peer group with respect to the level of public ESG disclosures.
Recognized as a Gold Green Lease Leader by the U.S. Department of Energy and The Institute for Market Transformation for the Company’s development and implementation of green leases.

2021 Report Highlights Include:

Maintained ISS Governance Quality Score of 1.
Reduced like-for-like energy consumption by 21.2% over 2020 at SITE’s wholly-owned assets.
Converted 753 metal halide parking lot fixtures to LED and installed 313,000 square feet of white reflective roofs as part of an ongoing programmatic replacement strategy. Approximately 52% of SITE Centers owned and managed parking lot fixtures are now LED and approximately 70% of SITE’s owned and managed roofing is now Thermoplastic Polyolefin (TPO) reducing tenant energy costs and demand on local electrical grids.
72% of new leases executed in 2021 at wholly-owned properties contained green lease language.
Continued to grow “SITE Helpers”, an employee led diversity, equity, and inclusion steering committee. Notably, in 2021 the SITE Helpers committee worked with external consultants to develop a customized training series centered on building an inclusive culture within the organization.

About SITE Centers Corp.

SITE Centers is an owner and manager of open-air shopping centers located in suburban, high household income communities. The Company is a self-administered and self-managed REIT operating as a fully integrated real estate company, and is publicly traded on the New York Stock Exchange under the ticker symbol SITC. Additional information about the Company is available at www.sitecenters.com. To be included in the Company’s e-mail distributions for press releases and other investor news, please click here.