Macerich Celebrates Earth Month With ‘You Pledge We Plant’ Campaign, Industry Recognition
25 Aprile 2024 - 11:37PM
Macerich (NYSE: MAC), one of the nation’s leading owners, operators
and developers of high-quality retail real estate in top markets,
is celebrating Earth Month with its “You Pledge We Plant” campaign
to plant more than 100,000 trees across the country.
In partnership with One Tree Planted, Macerich is supporting
reforestation and urban forestry efforts, including urban forestry
projects in California and New York and post-wildfire restoration
in California, Oregon and Colorado. Macerich will also plant trees
for Earth Month-related employee volunteer hours in addition to the
company’s standard employee benefit of 24 paid volunteer hours per
employee per year. In 2023, Macerich’s contributions to One Tree
Planted installed more than 50,000 trees.
Urban reforestation is vital to the health of the planet,
people, and communities. The need is particularly great in majority
non-white neighborhoods, which have 11% less tree canopy and 14%
more artificially built surface area, such as asphalt and cement,
than majority-white neighborhoods, according to new research.
Planting trees where they are most needed could avoid 460
heat-related deaths and 81,000 heat-related illnesses every year
and save 4.3 terawatt hours of electricity per year.
As part of the Earth Month effort, shoppers are encouraged to
sign a pledge committing to use reusable shopping bags. According
to Environment America calculations, last year’s shopper pledge
program may have prevented an estimated 22 million plastic bags
from entering landfills by generating 71,000 pledges from consumers
to always use reusable bags when they shop.
“Macerich’s partnership with One Tree Planted last year was a
phenomenal success. Our customers and employees were enthusiastic
about this important initiative, which provides cleaner air,
reduced risk of floods and landslides, and increased habitat for
biodiversity,” said Olivia Bartel Leigh, Executive Vice President,
Portfolio Operations and People, Macerich. “This year, we are
expanding the program as part of Macerich’s commitment to reducing
our upstream and downstream impacts and building a healthier,
greener world.”
In early 2024, Macerich also achieved Green Lease Leader –
Silver Recognition for its green lease program. The company
conducts mandatory energy training for leasing teams and integrates
landlord energy management policies and practices in alignment with
the Institute for Market Transformation and the U.S. Department of
Energy Better Buildings Alliance.
Macerich also was recently named among America’s Most
Responsible Companies. Produced by Newsweek and Statista, the
ranking evaluates companies’ environmental, social, and governance
(ESG) metrics performance.
“One of Macerich’s core values is integrity, and transparency
about our sustainability work reflects that value,”
said Leigh. “While external validations of our achievements
are significant, it is especially meaningful to us to engage our
communities in sustainability as we move forward, embodying our
goal of working together to improve tomorrow.”
A globally recognized leader in sustainability in the retail
real estate industry, Macerich shares its sustainability activities
and progress through its Corporate Responsibility Report, Annual
Report, Proxy Statement, Form 10-K and other internal and external
communications. The company’s annual Corporate Responsibility
Report conveys details of Macerich’s comprehensive ESG focus,
including plans to achieve carbon neutrality by 2030. The most
recent report includes data for the period ending December 31,
2022. In early summer 2024, Macerich will release its 2023
Corporate Responsibility Report, incorporating data through
December 31, 2023.
About Macerich
Macerich is a fully integrated, self-managed, 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 47 million square
feet of real estate consisting primarily of interests
in 43 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.
About One Tree PlantedOne Tree Planted is a
501(c)(3) nonprofit that is on a mission to make it simple for
anyone to help the environment by planting trees. Their projects
span the globe and are done in partnership with local communities
and environmental organizations to create an impact for nature,
people, and wildlife. Reforestation helps to restore forests that
have been degraded or deforested, provide jobs for social impact,
and restore biodiversity habitat. Many projects have overlapping
objectives that contribute to the UN's Sustainable Development
Goals. Learn more at onetreeplanted.org.
MAC-CSOURCE: MacerichMEDIA CONTACT: Karen Maurer, Macerich,
602-708-6311, Website: https://www.macerich.com/
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