INDIANAPOLIS, Oct. 2, 2023
/PRNewswire/ -- Simon® announced today it has
received a four-star rating as a leading retail real estate company
for its sustainability practices by The Global Real Estate
Sustainability Benchmark (GRESB) and is highly ranked among other
retail real estate companies.
Each year, GRESB assesses and benchmarks the ESG performance of
assets worldwide, providing clarity and insights to financial
markets on complex sustainability topics.
"For years, Simon has been committed to incorporating
sustainable practices into the operation and management of our
portfolio of properties," said Steven
Fivel, General Counsel of Simon.
"Reviewing the benchmarks for this year, it's evident that the
industry's dedication to ESG principles is stronger than ever, as
showcased by the continued increase in participation and broader
data coverage. We applaud investors and managers in the real assets
sector for their resolute pursuit of sustainability," said
Sebastien Roussotte, CEO of GRESB.
GRESB data is used by hundreds of capital providers and
thousands of asset managers to benchmark investments across
portfolios and to better understand the opportunities, risks and
choices that need to be made as the industry transitions to a more
sustainable future.
About
Simon
Simon® is
a real estate investment trust engaged in the ownership of premier
shopping, dining, entertainment and mixed-use destinations and an
S&P 100 company (Simon Property Group, NYSE: SPG). Our
properties across North America,
Europe and Asia provide community gathering places for
millions of people every day and generate billions in annual
sales.
About GRESB:
GRESB is a
mission-driven and industry-led organization providing standardized
and validated Environmental, Social, and Governance (ESG) data to
financial markets. Established in 2009, GRESB has become the
leading ESG benchmark for real estate and infrastructure
investments across the world, used by more than 170 institutional
and financial investors to inform decision-making. For more
information,
visit GRESB.com.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/simon-earns-gresb-green-star-301944865.html
SOURCE Simon