Brixmor Property Group Issues Annual Corporate Responsibility Report
Brixmor Property Group (NYSE: BRX) released its annual Corporate Responsibility Report, highlighting milestones and future goals. The report details the establishment of an ESG Steering Committee and a Diversity & Inclusion Leadership Council, alongside formalized policies on climate change. Newly set targets include achieving net-zero carbon emissions by 2045 and increased community volunteer participation to 100% by 2025. The company aims to stabilize over $1.3 billion in reinvestment projects by 2025, enhancing community impacts.
- Established an ESG Steering Committee to enhance sustainability efforts.
- Set a target for net-zero carbon emissions by 2045.
- Increased goal for community volunteer participation to 100% by 2025.
- Plans to stabilize over $1.3 billion in reinvestment projects by 2025.
- None.
NEW YORK, June 30, 2021 /PRNewswire/ -- Brixmor Property Group Inc. (NYSE: BRX) ("Brixmor" or the "Company") announced today the release of its 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 a measure of Brixmor's progress with respect to related initiatives.
2020 Milestones:
- Established an ESG Steering Committee comprised of executive and senior leadership from a variety of functional areas across the Company and led by our Senior Vice President, Operations & Sustainability
- Formalized our Climate Change Policy (see pages 35 and 36 of our CR report)
- Formed a Diversity & Inclusion Leadership Council (see page 23 of our CR report)
- Reports directly to the CEO
- Assists in maintaining best practices and behaviors to promote diversity and enhance inclusion
- Aligned disclosures with the Sustainability Accounting Standards Board (SASB) and the Task Force on Climate-related Financial Disclosures (TCFD) (see pages 59 and 60 of our CR report)
- Published our Supplier Code of Conduct (see our website and page 52 of our CR report)
Newly established goals:
- Achieve Net Zero Carbon emissions by 2045 for areas under our operational control
- Become a signatory to Science Based Target Initiative, committing to an interim reduction of
50% for scope 1 and 2 by 2030 - Adhere to newly established Diversity, Equity and Inclusion goals (see page 23 of our CR report)
- Achieve
90% employee participation annually in at least one company-sponsored health and well-being initiative - Complete an average of 45 training hours per employee annually
Notable updates to existing goals:
- Stabilize
$1.3B + of value enhancing reinvestment projects that positively impact our communities by 2025 (previously$1.0B ) - Increase community volunteer participation to
100% by 2025 (previously75% )
"Our ability to deliver sustainable outperformance is rooted in the strength of our culture, our people, and our commitment to ESG excellence, which prioritizes the well-being of our stakeholders," said James Taylor, Chief Executive Officer and President. "We look forward to the challenges and opportunities that our newly established ESG goals present as we remain focused on our purpose to be the centers of the communities we serve."
To learn more and read the entire report, please visit https://www.brixmor.com/why-brixmor/corporate-responsibility.
CONNECT WITH BRIXMOR
- For additional information, please visit www.brixmor.com;
- Follow Brixmor on:
- Twitter at https://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 www.linkedin.com/company/brixmor.
ABOUT BRIXMOR PROPERTY GROUP
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 389 retail centers comprise approximately 68 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 approximately 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 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.
SAFE HARBOR LANGUAGE
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, 2020 and the Company's Quarterly Report on Form 10-Q for the quarter ended March 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. Currently, one of the most significant factors that could cause actual outcomes or results to differ materially from forward-looking statements is the adverse effect of the current pandemic of the novel coronavirus, or COVID-19, on the financial condition, operating results and cash flows of the Company, the Company's tenants, the real estate market, the financial markets and the global economy. The COVID-19 pandemic has impacted the Company and its tenants significantly, and the extent to which it continues to impact the Company and its tenants will depend on future developments, which are highly uncertain and cannot be predicted with confidence, including the scope, severity and duration of the pandemic, the speed and effectiveness of vaccine and treatment developments and their deployment, public adoption rates of COVID-19 vaccines, potential mutations of COVID-19, including SARS-CoV-2 and the response thereto, the direct and indirect economic effects of the pandemic and containment measures, and potential sustained changes in consumer behavior, among others. 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.
View original content to download multimedia:https://www.prnewswire.com/news-releases/brixmor-property-group-issues-annual-corporate-responsibility-report-301323020.html
SOURCE Brixmor Property Group Inc.
FAQ
What are the key milestones in Brixmor's Corporate Responsibility Report?
What are Brixmor's new sustainability goals?
What is Brixmor's target for community volunteer participation?
How much does Brixmor plan to invest in community projects by 2025?
