Retail Opportunity Investments Corp. Issues Annual Environmental, Social & Governance Report

Rhea-AI Summary

Retail Opportunity Investments Corp. (NASDAQ: ROIC) released its annual Environmental, Social, and Governance (ESG) report highlighting significant sustainability achievements. The report documented a 7% reduction in same-center greenhouse gas emissions and a 5% decline in energy consumption. ROIC received the 2021 Green Lease Leader Gold designation and initiated a comprehensive Environmental Management System. The company also reported 100% participation in diversity and inclusion training, added three diverse board members, and strengthened corporate governance to enhance stockholder rights.

Positive

• 7% reduction in same-center greenhouse gas emissions.
• 5% reduction in same-center energy consumption.
• Awarded 2021 Green Lease Leader Gold designation by U.S. Department of Energy.
• Commenced comprehensive Environmental Management System program.
• 100% corporate participation in annual diversity, equity, and inclusion training.
• Added three new diverse independent directors to the Board.

Negative

• None.

SAN DIEGO, Dec. 27, 2021 (GLOBE NEWSWIRE) -- Retail Opportunity Investments Corp. (NASDAQ:ROIC) announced today the release of its annual Environmental, Social and Governance (ESG) report. The report is available at: https://investor.roicreit.com.

HIGHLIGHTS

• 7% reduction in same-center greenhouse gas emissions
• 5% reduction in same-center energy consumption
• Awarded 2021 Green Lease Leader (“Gold” designation) by U.S. Department of Energy
• Commenced comprehensive Environmental Management System program
• Enhanced reporting regarding key sustainability and climate-related disclosures
• 100% corporate participation in annual diversity, equity and inclusion training
• Continued employee community environmental engagement initiatives
• Added three new, diverse independent directors to Board of Directors
• Enhanced corporate governance (amended Bylaws to strengthen stockholder rights)
  

Stuart A. Tanz, President and Chief Executive Officer of Retail Opportunity Investments Corp. stated, “Notwithstanding the challenges brought on by the pandemic, we continue to forge ahead with our ESG initiatives, achieving important goals and milestones. We continue to steadily enhance our portfolio’s environmental sustainability. Additionally, we continue to advance our employee engagement, diversity, equity and inclusion initiatives, together with enhancing our Board of Directors and individual stockholder rights. We look forward to building upon our ESG achievements in the coming year.”

ABOUT RETAIL OPPORTUNITY INVESTMENTS CORP.

Retail Opportunity Investments Corp. (NASDAQ: ROIC), is a fully-integrated, self-managed real estate investment trust (REIT) that specializes in the acquisition, ownership and management of grocery-anchored shopping centers located in densely-populated, metropolitan markets across the West Coast.  As of September 30, 2021, ROIC owned 86 shopping centers encompassing approximately 9.8 million square feet.  ROIC is the largest publicly-traded, grocery-anchored shopping center REIT focused exclusively on the West Coast.  ROIC is a member of the S&P SmallCap 600 Index and has investment-grade corporate debt ratings from Moody's Investor Services, Standard & Poor’s, and Fitch Ratings, Inc.  Additional information is available at: www.roireit.net.

When used herein, the words "believes," "anticipates," "projects," "should," "estimates," "expects," “guidance” and similar expressions are intended to identify forward-looking statements with the meaning of that term in Section 27A of the Securities Act of 1933, as amended, and in Section 21F of the Securities and Exchange Act of 1934, as amended. Certain statements contained herein may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results of ROIC to differ materially from future results expressed or implied by such forward-looking statements. Information regarding such risks and factors is described in ROIC's filings with the SEC, including its most recent Annual Report on Form 10-K, which is available at: www.roireit.net.

Contact:
Ashley Rubino, Investor Relations
858-677-0900
arubino@roireit.net

FAQ

What are the key highlights from ROIC's latest ESG report?

ROIC's ESG report highlights include a 7% reduction in greenhouse gas emissions and a 5% decrease in energy consumption.

When was the ESG report released by Retail Opportunity Investments Corp.?

The ESG report was released on December 27, 2021.

What recognition did ROIC receive for its environmental initiatives?

ROIC was awarded the 2021 Green Lease Leader Gold designation by the U.S. Department of Energy.

How did ROIC enhance its corporate governance in 2021?

ROIC amended its bylaws to strengthen stockholder rights and added three new diverse independent directors.