Kimco Realty Publishes 2020 Corporate Responsibility Report
06 Luglio 2021 - 01:00PM
Business Wire
Company Highlights Key Achievements and
Furthers Commitment to Addressing Critical Environmental, Social,
and Governance Topics with Hiring of New ESG Director
Kimco Realty Corp. (NYSE: KIM), one of North America’s largest
publicly traded owners and operators of open-air, grocery-anchored
shopping centers and mixed-use assets, announced today the release
of its 2020 Corporate Responsibility Report. This eighth annual
report details the company’s performance in environmental, social,
and governance (ESG) areas.
2020 Report Highlights
Despite the challenges of the COVID-19 pandemic, Kimco made
strong progress towards its ESG initiatives, achieving several
important milestones over the past year:
- Became the first North American retail real estate owner named
to the Dow Jones Sustainability World Index, which represents the
top ten percent of the largest 2,500 companies in the S&P
Global Broad Market Index based on long-term economic and ESG
factors.
- Publicly announced an ambitious set of ESG goals, including a
science-based emissions reduction target, a goal to achieve net
zero by 2050, and a pledge to increase diversity in its management
ranks to 60% by 2030 through enhanced recruitment and employee
engagement programs.
- Associates banded together with a strong focus on tenant
support throughout the pandemic. Through its Tenant Assistance
Program (TAP), Kimco helped hundreds of small business tenants
secure approximately $20 million in disaster relief funding – just
one of the many innovative tenant support programs it launched over
the past year.
- Expanded ESG efforts to include capital markets, completing its
first green bond issuance, which was boosted from $300 million to
$500 million on strong investor demand.
- Welcomed Henry Moniz to its Board of Directors, increasing the
proportion of diverse Board members to 50 percent. As Chief
Compliance Officer at Facebook, and formerly at ViacomCBS, Mr.
Moniz brings a diverse range of experience and knowledge in the
areas of governance, compliance, risk, data analytics, and
technology.
“Although the events of the past year have tested our resolve,
we are incredibly proud of the way our team of associates has
navigated this crisis while continuing to focus on creating value
for all of our stakeholders,” said Conor Flynn, CEO of Kimco
Realty. “After a transformative year, we enter into this next
period from a position of strength and with a clarity of purpose
that feels unprecedented in our organization’s history. We continue
to build on our long history of action in addressing ESG issues,
with an eye towards the future.”
The digital version of Kimco’s 2020 Corporate Responsibility
Report can be accessed here.
This report was prepared in accordance with the Global Reporting
Initiative’s (GRI) Sustainability Reporting Standard and
incorporates disclosures aligned with the Sustainability Accounting
Standards Board (SASB) and Task Force on Climate-related Financial
Disclosures (TCFD).
Hiring of New ESG Director
Further deepening the company’s commitment to addressing
critical ESG topics, Kimco has hired Tamara Chernomordik as the
Director of ESG. In this dedicated role, Mrs. Chernomordik will be
responsible for leading the strategic development and
implementation of the company’s ESG program, guiding Kimco on the
path towards achieving its publicly stated goals.
Mrs. Chernomordik comes to Kimco with over a decade of
industry-specific experience including expertise in ESG and
corporate sustainability, stakeholder engagement, and change
management. She was most recently at Prologis, a leading industrial
REIT, where she was responsible for developing, implementing, and
managing ESG strategies and programs that created business value
across key stakeholder groups.
About Kimco
Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust
(REIT) headquartered in Jericho, N.Y., that is one of North
America's largest publicly traded owners and operators of open-air,
grocery-anchored shopping centers and mixed-used assets. The
company's portfolio is primarily concentrated in the first-ring
suburbs of the top major metropolitan markets, including those in
high-barrier-to-entry coastal markets and rapidly expanding Sun
Belt cities, with a tenant mix focused on essential,
necessity-based goods and services that drive multiple shopping
trips per week. Kimco is also committed to leadership in
environmental, social and governance (ESG) issues and is a
recognized industry leader in these areas. Publicly traded on the
NYSE since 1991, and included in the S&P 500 Index, the company
has specialized in shopping center ownership, management,
acquisitions, and value enhancing redevelopment activities for more
than 60 years. As of March 31, 2021, the company owned interests in
398 U.S. shopping centers and mixed-use assets comprising 70
million square feet of gross leasable space.
The company announces material information to its investors
using the company’s investor relations website
(investors.kimcorealty.com), SEC filings, press releases, public
conference calls, and webcasts. The company also uses social media
to communicate with its investors and the public, and the
information the company posts on social media may be deemed
material information. Therefore, the company encourages investors,
the media, and others interested in the company to review the
information that it posts on its social media channels, including
Facebook (www.facebook.com/kimcorealty), Twitter
(www.twitter.com/kimcorealty), YouTube
(www.youtube.com/kimcorealty) and LinkedIn
(www.linkedin.com/company/kimco-realty-corporation). The list of
social media channels that the company uses may be updated on its
investor relations website from time to time.
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version on businesswire.com: https://www.businesswire.com/news/home/20210706005057/en/
Jennifer Maisch Vice President, Marketing & Communications
Kimco Realty Corporation 516-869-7224 jmaisch@kimcorealty.com
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