Regency Centers Issues Annual Corporate Responsibility Report
12 June 2020 - 6:10AM
Today, Regency Centers Corporation (“Regency” or the “Company”)
(NASDAQ: REG) announced the release of its annual Corporate
Responsibility Report. The report illustrates Regency’s continued
commitment to corporate responsibility and key environmental,
social, and governance initiatives and achievements. A copy of the
full report can be found on Regency’s Corporate Responsibility
site.
“Our commitment to corporate responsibility is
rooted in our founding core values. These values serve as the
guiding principles for how we do business, holding ourselves to a
high standard every day, including in today’s uncertain
environment,” said Lisa Palmer, President and Chief Executive
Officer. “Throughout the disruptions resulting from the recent
COVID-19 pandemic, Regency has maintained our commitment to doing
all that we can to ensure the well-being of our team members,
tenants, and the communities that our properties serve.
Additionally, the recent disturbing events resulting in calls for
action have made it very clear that we all must address the issues
of social injustice and systemic racism. Regency is committed to
being part of a necessary change to make our society more just and
equal.”
Regency’s annual Corporate Responsibility Report
provides updated data, progress on goal achievement, and the
actions it is taking to further the diversity of our workforce and
protect and promote basic human rights. In addition, it contains
information aligned with the UN Sustainable Development Goals
(UNSDG), the Sustainability Accounting Standards Board (SASB),
Taskforce on Climate-related Financial Disclosures (TCFD), and
Global Reporting Initiative (GRI) standards and frameworks,
implementing best practice in corporate responsibility reporting.
The report also highlights the Company’s annual achievements and
continued commitment to its corporate responsibility pillars: Our
People, Our Communities, Ethics and Governance, and Environmental
Stewardship. In 2019, key achievements include the following:
Our People
Regency aims to maintain a high level of
employee engagement with an overall engagement score of 85% or
greater while continuing to maintain our award-winning benefits and
wellness plans, and enhance our focus on diversity initiatives.
- Achieved our employee engagement goal of employee engagement of
85% or greater
- Received the First Coast Healthiest Companies Award for the
11th consecutive year
- Provided over 10,000 hours of employee training and continuing
education and ensured 100% of employees received regular
performance and career development reviews
- Developed a Human Rights Policy
Our Communities
Adhering to Regency’s core values and culture,
the Company strives to contribute to the betterment of its
communities through a high level of community engagement, and
investments in its communities, including philanthropic
efforts.
- Approximately $1.4M contributed to charitable causes
- More than 75% of employees participated in Company-sponsored
volunteer opportunities
- Developed a new program to allow employees the opportunity to
participate in selecting recipients for corporate contributions,
enabling them to direct assistance to a cause that is important to
them and makes a difference in Regency’s communities
- Introduced an investment reporting process to better understand
the positive community impacts of its developments and
redevelopments
Ethics and Governance
Regency’s objective is to maintain best-in-class
corporate governance with adherence to the highest ethical behavior
and corporate oversight while continuing to achieve the highest
overall scores from leading shareholder advisory firms.
- Recognized as a winning “W” company by 2020 Women on Boards for
having more than 20% of its Board seats held by women
- Achieved top ISS Governance Quality Score of 1
- Developed vendor and contractor management tools to help them
adhere to the same high standards of the Company
Environmental Stewardship
Regency focuses on six strategic priorities to
identify and implement sustainable business practices and to
minimize our environmental impact: green building, energy
efficiency, greenhouse gas emissions reductions, water
conservation, waste management, and climate resilience.
- Awarded a GRESB Green Star for the fifth consecutive year
- Enhanced leases to include green clauses
- Exceeded annual goals by reducing greenhouse gas emissions by
9%, reducing energy consumption by 6%, and increasing waste
diversion by 3%
- Expanded renewable energy produced to approximately
5,900-megawatt hours through power generation from 30 systems at 22
properties
About Regency Centers Corporation
(NASDAQ: REG)
Regency Centers is the preeminent national
owner, operator, and developer of shopping centers located in
affluent and densely populated trade areas. Our portfolio includes
thriving properties merchandised with highly productive grocers,
restaurants, service providers, and best-in-class retailers that
connect to their neighborhoods, communities, and customers.
Operating as a fully integrated real estate company, Regency
Centers is a qualified real estate investment trust (REIT) that is
self-administered, self-managed, and an S&P 500 Index member.
For more information, please visit RegencyCenters.com.
Our operations are subject to a number of risks
and uncertainties. When considering an investment in our
securities, you should carefully read and consider these risks,
together with all other information in our Annual Report on Form
10-K, Quarterly Reports on Form 10-Q and our other filings and
submissions to the SEC, which provide much more information
and detail on our business.
Laura Clark904 598
7831LauraClark@RegencyCenters.com
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