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Kimco Realty® Publishes 2023 Corporate Responsibility Report
Kimco RealtyKimco Realty(US:KIM) GlobeNewswire News Room·2024-06-27 10:50

Core Insights - Kimco Realty has published its 2023 Corporate Responsibility Report, showcasing its commitment to environmental, social, and governance (ESG) topics, which have been a focus for over a decade [1][2] - The company emphasizes the integration of financial performance with corporate responsibility and sustainability excellence [1] ESG Progress - Kimco has made significant strides in reducing greenhouse gas (GHG) emissions, including a Science-Based Target and a net zero goal for Scope 1 and 2 GHG emissions [1] - The company implemented a renewable energy credit (REC) procurement pilot to enhance operational efficiency and explore pathways to net zero emissions [1] - In 2023, Kimco received the Nareit's Retail Leader in the Light Award for outstanding sustainability practices for the second consecutive year, marking a total of four awards [1] - Kimco achieved a top ranking in its peer group by GRESB and received the Great Place to Work® certification for the sixth consecutive year [1] Certification and Community Engagement - The company launched the IREM® Certified Sustainable Properties Volume Program, achieving 19 third-party certifications for excellence in sustainability [1] - Kimco introduced Employee Resource Groups (ERGs) and conducted its first annual volunteerism drive to enhance organizational culture [1] - The company achieved its goal of installing Curbside Pickup® infrastructure at 100% of qualified sites ahead of the 2025 target [1] Company Overview - Kimco Realty is a leading owner and operator of high-quality, open-air, grocery-anchored shopping centers and mixed-use properties in the U.S., with a portfolio of 569 shopping centers and mixed-use assets totaling 101 million square feet of gross leasable space as of March 31, 2024 [3] - The company focuses on essential goods and services that drive frequent shopping trips, strategically concentrating its portfolio in major metropolitan markets [3]