Kimco Realty Recognized by CDP and GRESB as a 2014 Corporate Responsibility Leader
Kimco Realty Corp. (NYSE:KIM) has been recognized by two leading investor-backed organizations for its outstanding commitment to sustainability and transparency. Today the company was named to the S&P 500 Climate Disclosure Leadership Index (CDLI) by the nonprofit CDP, the world’s global environmental disclosure system, for the depth and quality of information it disclosed to investors and the global marketplace this year. Kimco’s leadership status was announced in the CDP S&P 500 Climate Change Report 2014, which details how S&P 500 member companies are creating environmental and economic value through their sustainability initiatives.
This is the first year that Kimco has earned a position in the CDLI. The annual index spotlights the top 10 percent of respondents that have demonstrated the highest level of transparency and data quality in their disclosure of climate-related information and reporting of greenhouse gas emissions. Sixty-three companies are featured in the 2014 CDLI. Kimco supplied this information to CDP’s network of 767 institutional investors, who represent more than $92 trillion in assets.
In addition to Kimco’s CDLI recognition, the company recently earned the Green Star designation by the Global Real Estate Sustainability Benchmark (GRESB), the highest designation for respondents. Kimco’s headline GRESB score increased by 67 percent relative to 2013, advancing the company into the top quartile of over 600 global respondents. Founded in 2011, GRESB is an industry-driven organization committed to assessing the sustainability performance of real estate portfolios internationally. It is backed by 46 institutional investors with $5.5 trillion in capital under management. The Green Star is awarded to companies in the real estate industry that measure, implement, manage, and develop corporate responsibility as part of their daily operations.
“We started participating in CDP and GRESB four years ago and have steadily improved our scores over the past few years,” said Conor Flynn, President and Chief Operating Officer at Kimco. “Our improvement as measured by these two leading organizations follows from a focused and ongoing internal effort to improve our sustainability performance. Our team, led by Director of Sustainability Will Teichman, has invested considerable time and resources in developing an industry-leading program and this year’s recognition by CDP and GRESB validates Kimco’s efforts in this strategically important area.”
Kimco Realty Corp. (NYSE:KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, New York, that owns and operates North America’s largest publicly traded portfolio of neighborhood and community shopping centers. As of June 30, 2014, the company owned interests in 840 shopping centers comprising 121 million square feet of leasable space across 41 states, Puerto Rico, Canada, Mexico and South America. Publicly traded on the NYSE since 1991, and included in the S&P 500 Index, the company has specialized in shopping center acquisitions, development and management for more than 50 years. For further information, please visit http://www.kimcorealty.com, the company’s blog at blog.kimcorealty.com, or follow Kimco on Twitter at www.twitter.com/kimcorealty.
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