Simon® Embraces Environmental Transparency by Disclosing through CDP

Rhea-AI Summary

Simon strengthens its commitment to environmental transparency by disclosing its environmental impact through CDP. With a record number of companies disclosing in 2023, Simon's leadership in environmental transparency is commendable.

Sustainability Analyst

Simon's recent disclosure through the CDP highlights a growing trend in corporate responsibility and sustainability. From a sustainability perspective, the proactive approach to cutting emissions and developing a low-carbon economy reflects positively on Simon's brand reputation and operational resilience. Such disclosures can influence consumer behavior and potentially attract environmentally conscious investors.

Furthermore, by mitigating climate risks, Simon is likely reducing long-term operational costs associated with environmental compliance and potential damage from climate-related events. This strategic move may provide a competitive edge in the industry, as companies that fail to adapt to environmental standards might face regulatory penalties and reputational damage.

Investor Relations Specialist

For stakeholders, Simon's environmental transparency can be a significant factor in investment decisions. Disclosures through CDP are often used by financial institutions to assess the environmental impact of their investments. A strong performance in CDP's Climate Change questionnaire could signal to investors that Simon is managing environmental risks effectively, which might lead to a more favorable risk profile and potentially lower cost of capital.

However, investors should consider the costs associated with these sustainability initiatives and weigh them against the potential long-term financial benefits. It is crucial to monitor whether these actions translate into tangible financial performance improvements over time.

Risk Management Expert

Simon's disclosure through CDP is a risk management strategy that acknowledges the importance of environmental risks in today's market. By actively engaging in cutting emissions and addressing climate risks, Simon is likely to be better prepared for future regulatory changes that mandate such practices. This forward-thinking approach can mitigate future operational disruptions and ensure business continuity in the face of climate change.

Moreover, the data provided to CDP allows Simon to benchmark their environmental performance against peers, which is critical for identifying areas of improvement and setting realistic environmental targets. This can be a key factor in managing and reducing long-term risk exposure.

INDIANAPOLIS, Feb. 14, 2024 /PRNewswire/ -- Simon^® today announced that it has furthered its commitment to environmental transparency by disclosing its environmental impact through CDP, a global non-profit that runs the world's leading environmental disclosure platform. Simon has disclosed through CDP since 2016, and in 2023 completed CDP's Climate Change questionnaire.

With a record 23,000+ companies disclosing through CDP in 2023, disclosing data on environmental impact is now a business norm.

"Tackling climate change is an essential part of long-term success, and building a resilient economy," said John Rulli, Chief Administrative Officer, Simon. "We're proud to be recognized for our leadership in environmental transparency."

Simon's data will be added to the most comprehensive inventory of self-reported environmental data in the world – helping to drive action through greater transparency.

By disclosing through CDP, Simon is prepared to respond to the increasing demand for environmental transparency from financial institutions, customers and policymakers. In its disclosure, Simon has taken actions to cut emissions, mitigate climate risks and develop the low-carbon economy.

About Simon
Simon® is a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations and an S&P 100 company (Simon Property Group, NYSE: SPG). Our properties across North America, Europe and Asia provide community gathering places for millions of people every day and generate billions in annual sales.

About CDP
CDP is a global non-profit that runs the world's environmental disclosure system for companies, cities, states and regions. Founded in 2000 and working with more than 740 financial institutions with over $136 trillion in assets, CDP pioneered using capital markets and corporate procurement to motivate companies to disclose their environmental impacts, and to reduce greenhouse gas emissions, safeguard water resources and protect forests. Over 24,000 organizations around the world disclosed data through CDP in 2023, with more than 23,000 companies – including listed companies worth two thirds global market capitalization - and over 1,100 cities, states and regions. Fully TCFD aligned, CDP holds the largest environmental database in the world, and CDP scores are widely used to drive investment and procurement decisions towards a zero carbon, sustainable and resilient economy. CDP is a founding member of the Science Based Targets initiative, We Mean Business Coalition, The Investor Agenda and the Net Zero Asset Managers initiative. Visit cdp.net or follow us @CDP to find out more.

 

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SOURCE Simon

What organization does Simon disclose its environmental impact through?

Simon discloses its environmental impact through CDP.

When did Simon start disclosing through CDP?

Simon has been disclosing through CDP since 2016.

What action did Simon take in 2023 regarding environmental disclosure?

In 2023, Simon completed CDP's Climate Change questionnaire.

Why is environmental transparency important for Simon?

Environmental transparency is crucial for Simon to respond to the increasing demand from financial institutions, customers, and policymakers.

How does Simon contribute to environmental action through its disclosure?

Simon's disclosure includes actions to cut emissions, mitigate climate risks, and develop the low-carbon economy.