Macerich Releases 2023 Corporate Responsibility Report
Macerich (NYSE: MAC), a leading retail real estate company, has released its 2023 Corporate Responsibility Report, marking 15 years of industry-leading sustainability strategy. The report, themed 'Together for Tomorrow', highlights Macerich's environmental, social, and governance efforts. Key achievements include:
- 34% of portfolio energy consumption from clean electricity
- #23 on EPA Green Power Partnership On-Site Generation list for solar generation
- #1 ranking in Retail, Americas/Rated A for Disclosure in 2023 GRESB Real Estate Assessment
- 2,300+ community events hosted at Macerich properties
- 433 organizations supported through volunteerism and giving
Macerich has set new ambitious targets, including achieving full net-zero emissions, including supply chain, by 2040. The company remains on track to achieve carbon neutrality by 2030.
Macerich (NYSE: MAC), una delle principali aziende di immobili commerciali, ha pubblicato il suo Rapporto sulla Responsabilità Aziendale 2023, che segna 15 anni di strategia di sostenibilità leader del settore. Il rapporto, dal tema 'Insieme per il Domani', evidenzia gli sforzi di Macerich in ambito ambientale, sociale e di governance. I risultati chiave includono:
- 34% del consumo energetico del portafoglio proveniente da elettricità pulita
- #23 nella lista dell'EPA Green Power Partnership per la generazione solare on-site
- #1 classificato nel Retail, Americhe/Rated A per la Divulgazione nella GRESB Real Estate Assessment 2023
- Oltre 2.300 eventi comunitari ospitati presso le proprietà Macerich
- 433 organizzazioni sostenute attraverso il volontariato e le donazioni
Macerich ha fissato nuovi obiettivi ambiziosi, tra cui il raggiungimento delle emissioni nette zero complete, compresa la catena di approvvigionamento, entro il 2040. L'azienda rimane sulla buona strada per raggiungere la neutralità carbonica entro il 2030.
Macerich (NYSE: MAC), una importante empresa de bienes raíces comerciales, ha publicado su Informe de Responsabilidad Corporativa 2023, marcando 15 años de estrategia de sostenibilidad líder en la industria. El informe, titulado 'Juntos por el Mañana', destaca los esfuerzos ambientales, sociales y de gobernanza de Macerich. Los logros clave incluyen:
- 34% del consumo energético de la cartera proviene de electricidad limpia
- #23 en la lista de Generación en el Sitio de la Asociación de Energía Verde de la EPA por generación solar
- #1 en el Retail, Américas/Calificación A por Divulgación en la Evaluación de Bienes Raíces GRESB 2023
- Más de 2.300 eventos comunitarios organizados en propiedades de Macerich
- 433 organizaciones apoyadas a través del voluntariado y donaciones
Macerich ha establecido nuevos objetivos ambiciosos, incluidos lograr emisiones netas cero completas, incluyendo la cadena de suministro, para 2040. La empresa sigue en camino de alcanzar la neutralidad de carbono para 2030.
Macerich (NYSE: MAC), 주요 상업용 부동산 회사로, 2023년도 기업 책임 보고서를 발표하며, 업계 최고 수준의 지속 가능성 전략을 15년 동안 이어왔음을 기록하였습니다. '내일을 위한 함께'라는 주제로, 보고서는 Macerich의 환경, 사회, 지배구조 노력의 하이라이트를 보여줍니다. 주요 성과는 다음과 같습니다:
- 포트폴리오의 에너지 소비 가운데 34%가 청정 전기에서 발생
- 태양광 발전을 위한 EPA 그린 파워 파트너십 현장 생성 리스트에서 #23위
- 2023 GRESB 부동산 평가에서 소매 부문 #1 및 공시 부문 A 등급
- Macerich의 자산에서 주최된 2,300회 이상의 커뮤니티 이벤트
- 자원 봉사 및 기부를 통해 지원한 433개 기관
Macerich는 2040년까지 공급망을 포함한 완전한 탄소 제로 달성이라는 새로운 야심찬 목표를 설정했습니다. 이 회사는 2030년까지 탄소 중립을 목표로 하고 있습니다.
Macerich (NYSE: MAC), une entreprise de premier plan dans le domaine de l'immobilier commercial, a publié son Rapport sur la Responsabilité Sociétale des Entreprises 2023, marquant 15 ans d'une stratégie de durabilité leader dans l'industrie. Le rapport, intitulé 'Ensemble pour Demain', met en avant les efforts environnementaux, sociaux et de gouvernance de Macerich. Les réalisations clés incluent :
- 34% de la consommation énergétique du portefeuille provenant d'électricité propre
- #23 sur la liste de l'EPA Green Power Partnership pour la génération solaire sur site
- #1 classement dans le Retail, Amériques/Évalué A pour la divulgation dans l'évaluation immobilière GRESB 2023
- Plus de 2 300 événements communautaires organisés dans les propriétés Macerich
- 433 organisations soutenues par le bénévolat et les dons
Macerich a défini de nouveaux objectifs ambitieux, notamment l'atteinte des émissions nettes nulles complètes, y compris la chaîne d'approvisionnement, d'ici 2040. L'entreprise reste sur la bonne voie pour atteindre la neutralité carbone d'ici 2030.
Macerich (NYSE: MAC), ein führendes Unternehmen im Bereich Einzelhandelsimmobilien, hat seinen Bericht zur Unternehmensverantwortung 2023 veröffentlicht, der 15 Jahre einer branchenführenden Nachhaltigkeitsstrategie markiert. Der Bericht mit dem Thema 'Gemeinsam für Morgen' hebt die Umwelt-, Sozial- und Governance-Bemühungen von Macerich hervor. Zu den wichtigsten Erfolgen gehören:
- 34% des Energieverbrauchs des Portfolios aus sauberer Elektrizität
- Platz #23 auf der Liste der EPA Green Power Partnership für Solarenergieregenerierung vor Ort
- Platz #1 im Retail, Amerika/wertgeschätzt mit A für Offenlegung in der GRESB Real Estate Assessment 2023
- Über 2.300 Gemeinschaftsveranstaltungen, die in Macerich-Immobilien durchgeführt wurden
- Unterstützung von 433 Organisationen durch ehrenamtliche Tätigkeiten und Spenden
Macerich hat sich neue ehrgeizige Ziele gesetzt, darunter die Vollständige Netto-Null-Emissionen, einschließlich der Lieferkette, bis 2040 zu erreichen. Das Unternehmen ist auf dem besten Weg, bis 2030 Kohlenstoffneutralität zu erreichen.
- 34% of portfolio energy consumption derived from clean electricity
- Ranked #23 on EPA Green Power Partnership On-Site Generation list for solar generation
- #1 ranking in Retail, Americas/Rated A for Disclosure in 2023 GRESB Real Estate Assessment
- On track to achieve carbon neutrality by 2030
- New ambitious target to achieve full net-zero emissions, including supply chain, by 2040
- None.
Insights
Macerich's 2023 Corporate Responsibility Report showcases the company's commitment to sustainability, but its impact on stock performance is likely minimal. While environmental initiatives are increasingly important, they rarely drive significant short-term stock movements. The report's highlights, such as 34% clean electricity usage and top GRESB rankings, demonstrate leadership in the retail real estate sector. However, investors typically focus more on financial metrics and occupancy rates. The ambitious goal of net-zero emissions by 2040 could have long-term implications for operational costs and tenant attraction, potentially influencing future valuations. For now, this report serves more as a reputational boost rather than a direct driver of stock price.
From a financial perspective, Macerich's sustainability efforts present a mixed bag for investors. On one hand, initiatives like increased clean energy usage could lead to long-term cost savings, potentially boosting profitability. The company's leadership in sustainability might also attract environmentally conscious tenants and consumers, supporting occupancy rates and foot traffic. However, achieving ambitious goals like net-zero emissions by 2040 will likely require significant capital expenditures in the near term. This could pressure free cash flow and potentially limit dividend growth, a key consideration for REIT investors. Without concrete financial projections, it's challenging to quantify the ROI of these sustainability investments, leaving their true impact on shareholder value uncertain.
Macerich's sustainability strategy is notably ambitious for the retail real estate sector. The acceleration of their carbon neutrality goal to achieve full net-zero emissions by 2040, including supply chain, is particularly impressive. Their 34% clean electricity usage and top ranking in the GRESB assessment for nine consecutive years demonstrate consistent progress. However, the real challenge lies in addressing Scope 3 emissions, which include tenant operations and are typically the largest source of emissions for retail properties. Macerich's approach of hosting community events and supporting local organizations aligns well with the social aspect of ESG, potentially enhancing tenant and customer loyalty. Overall, this strategy positions Macerich as a leader in sustainable retail real estate, which could become increasingly important as regulations and consumer preferences evolve.
Report marks 15 years of industry-leading sustainability strategy by leading retail real estate company
SANTA MONICA, Calif., Aug. 15, 2024 (GLOBE NEWSWIRE) -- Macerich (NYSE: MAC), one of the nation's leading owners, operators and developers of major retail properties in top markets, today released its 2023 Corporate Responsibility Report, with data for the period ending December 31, 2023.
This year’s “Together for Tomorrow” theme emphasizes the company’s environmental sustainability, social and governance efforts in service of its mission of owning and operating thriving retail centers that bring communities together and create long-term value for shareholders, partners and customers.
“Our ‘Together for Tomorrow’ approach to corporate responsibility, highlighted in this year’s report, encompasses not only our environmental leadership in our industry, but our laser focus on delivering material social and financial outcomes,” said Olivia Bartel Leigh, Macerich Executive Vice President, Portfolio Operations and People. “We will continue to prioritize sustainability efforts that demonstrate our stewardship of both natural resources and financial resources, as well as social initiatives that enhance the communities Macerich serves.”
This year’s report unveils new, ambitious targets that redefine Macerich’s environmental goals and exceed the company’s initial commitment to achieve carbon neutrality by 2030. On track for that goal, Macerich has unveiled its second-step goal: to achieve full net-zero emissions, including in its supply chain, by 2040.
Highlights of Macerich’s 2023 corporate responsibility engagement include:
34% percent of the portfolio’s energy consumption derived from clean electricity- #23 on the EPA Green Power Partnership On-Site Generation list for solar generation
- #1 ranking in Retail, Americas/Rated A for Disclosure in the 2023 GRESB Real Estate Assessment (ninth straight year Macerich has ranked #1 in the U.S. Retail: Retail Centers sector)
- 2,300+ community events hosted at Macerich properties
- 433 unique organizations supported through volunteerism and giving
- Among America’s Most Responsible Companies as ranked by Newsweek
To learn more about Macerich’s leadership in sustainability, please review the full Macerich Corporate Responsibility Report, with data for the period ending December 31, 2023.
About Macerich
Macerich is a fully integrated, self-managed and self-administered real estate investment trust (REIT). As a leading owner, operator and developer of high-quality retail real estate in densely populated and attractive U.S. markets, Macerich’s portfolio is concentrated in California, the Pacific Northwest, Phoenix/Scottsdale, and the Metro New York to Washington, D.C. corridor. Developing and managing properties that serve as community cornerstones, Macerich currently owns 44 million square feet of real estate consisting primarily of interests in 41 retail centers. Macerich is firmly dedicated to advancing environmental goals, social good and sound corporate governance. A recognized leader in sustainability, Macerich has achieved a #1 Global Real Estate Sustainability Benchmark (GRESB) ranking for the North American retail sector for nine consecutive years (2015-2023). For more information, please visit www.Macerich.com.
Macerich uses, and intends to continue to use, its Investor Relations website, which can be found at investing.macerich.com, as a means of disclosing material nonpublic information and for complying with its disclosure obligations under Regulation FD. Additional information about Macerich can be found through social media platforms such as LinkedIn. Reconciliations of non-GAAP financial measures, including NOI and FFO, to the most directly comparable GAAP measures are included in the earnings release and supplemental filed on Form 8-K with the SEC, which are posted on the Investor Relations website at investing.macerich.com.
MAC-C
SOURCE: Macerich
MEDIA CONTACT: Madison Chugden, Macerich, 985-789-3793, Website: http://www.macerich.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5f0ea290-cf7a-4d20-bfd7-15531bdd6df9
FAQ
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