BRIXMOR PROPERTY GROUP ISSUES ANNUAL CORPORATE RESPONSIBILITY REPORT
Brixmor Property Group (NYSE: BRX) released its fourth annual Corporate Responsibility Report, highlighting its commitment to environmental, social, and governance (ESG) initiatives. Key achievements from 2021 include formalized Human Rights and Climate Change policies, a 38% reduction in greenhouse gas emissions from 2018, and integration of climate change risk assessments in acquisitions. The Company also signed the CEO Action for Diversity and Inclusion pledge and achieved gender pay equity for two consecutive years. Brixmor aims to enhance community engagement and sustainability through various programs.
- Reduced greenhouse gas emissions by 38% from 2018 levels.
- Achieved gender pay equity for the second consecutive year.
- Increased on-site renewable energy capacity from 5.6 MW to 6.7 MW.
- Expanded electric vehicle charging stations to 11% of portfolio.
- Converted 90% of portfolio to LED lighting.
- None.
NEW YORK, June 17, 2022 /PRNewswire/ -- Brixmor Property Group Inc. (NYSE: BRX) ("Brixmor" or the "Company") announced today the release of its fourth annual Corporate Responsibility (CR) Report, which provides a comprehensive overview of the Company's strategy to improve the environmental, social, and economic well-being of its stakeholders, as well as measurements, stories, and case studies of Brixmor's progress with respect to related initiatives.
2021 milestones include:
- Formalized the Company's Human Rights and Climate Change policies
- Integrated climate change risk assessments into the due diligence process for acquisitions and reinvestments
- Signed the CEO Action! for Diversity and Inclusion pledge
- Launched an Employee Resource Group to further support Diversity, Equity, and Inclusion initiatives
- Achieved an average gender pay gap of zero for the second consecutive year
- Served Brixmor's communities and 50 non-profit organizations through 3,400 hours of volunteer service and
$232,000 of donations
Notable progress on Environmental, Social, and Governance (ESG) goals includes:
- Continued progress in support of Diversity, Equity, and Inclusion initiatives introduced in 2020, with an emphasis on inclusive recruitment and early career development; employee engagement, mentorship, and education; and enhanced transparency and accountability through verification of social performance indicators
- Reduced greenhouse gas emissions by
38% compared to the 2018 baseline year, up from a36% reduction, as of December 31, 2021 - Increased on-site renewable energy systems to a total capacity of 6.7 MW, up from 5.6 MW of capacity, as of December 31, 2021
- Increased availability of electric vehicle charging stations to
11.0% of the Company's portfolio, up from10.4% of the portfolio, as of December 31, 2021 - Converted
90% of the Company's portfolio to LED lighting, up from81% of the portfolio, as of December 31, 2021
"Our strong commitment to ESG directly aligns with Brixmor's core values and our mission to be the center of the communities we serve," stated James Taylor, Chief Executive Officer and President. "In addition to our long-standing emphasis on strong corporate governance, we've made substantial progress in the areas of environmental sustainability and diversity, equity, and inclusion. Through actions small and large, we continue to serve our communities, benefit the environment, and support a culture of inclusion and ownership."
To learn more and read the entire CR report, please visit https://www.brixmor.com/why-brixmor/corporate-responsibility.
• For additional information, please visit https://www.brixmor.com;
• Follow Brixmor on:
° Twitter at https://www.twitter.com/Brixmor
° Facebook at https://www.facebook.com/Brixmor
° Instagram at https://www.instagram.com/brixmorpropertygroup
° YouTube at https://www.youtube.com/user/Brixmor; and
• Find Brixmor on LinkedIn at https://www.linkedin.com/company/brixmor.
Brixmor (NYSE: BRX) is a real estate investment trust (REIT) that owns and operates a high-quality, national portfolio of open-air shopping centers. Its 380 retail centers comprise approximately 67 million square feet of prime retail space in established trade areas. The Company strives to own and operate shopping centers that reflect Brixmor's vision "to be the center of the communities we serve" and are home to a diverse mix of thriving national, regional and local retailers. Brixmor is a proud real estate partner to over 5,000 retailers including The TJX Companies, The Kroger Co., Publix Super Markets and Ross Stores.
Brixmor announces material information to its investors in SEC filings and press releases and on public conference calls, webcasts and the "Investors" page of its website at https://www.brixmor.com. The Company also uses social media to communicate with its investors and the public, and the information Brixmor posts on social media may be deemed material information. Therefore, Brixmor encourages investors and others interested in the Company to review the information that it posts on its website and on its social media channels.
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements include, but are not limited to, statements related to the Company's expectations regarding the performance of its business, its financial results, its liquidity and capital resources and other non-historical statements. You can identify these forward-looking statements by the use of words such as "outlook," "believes," "expects," "potential," "continues," "may," "will," "should," "seeks," "projects," "predicts," "intends," "plans," "estimates," "anticipates" or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties, including those described under the sections entitled "Forward-Looking Statements" and "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2021, as such factors may be updated from time to time in our periodic filings with the SEC, which are accessible on the SEC's website at www.sec.gov. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this release and in the Company's filings with the SEC. The Company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.
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SOURCE Brixmor Property Group Inc.
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