Tanger Releases 2023 Environmental, Social, and Governance Report

Core Insights - Tanger has released its 2023 Environmental, Social, and Governance (ESG) Report, highlighting progress towards established goals and commitment to sustainability [1][2] Environmental Initiatives - In 2023, Tanger increased renewable energy production through onsite solar infrastructure and expanded biodiversity initiatives, with electric vehicle charging spaces now available at over 90% of its centers [3] - The company aims to achieve Scope 1 and 2 net zero carbon emissions by 2050 and plans to establish a roadmap for these emissions in 2024, including interim targets [7] Social Initiatives - Tanger launched three Employee Resource Groups in 2023 focused on Women, LGBTQ+, and People of Color, and maintained the WELL Health-Safety Rating for all its shopping centers [4] - The company raised over $138,000 through its TangerPink program for breast cancer awareness and contributed over $170,000 to local schools through its TangerKids program, with team members volunteering over 6,500 hours [5] Governance Initiatives - In 2023, Tanger increased the representation of women on its executive team and completed Board refreshment steps, enhancing engagement with the investment community through over 500 touchpoints [6] Reporting Standards - Tanger's ESG reporting aligns with respected standards such as the Global Reporting Initiative Standards and the Sustainability Accounting Standards Board, and it discloses ESG data to various sustainability benchmarks [8][9]