SITE Centers Corp.
Climate Impact & Sustainability Data (2021, 2022, 2023)
Reporting Period: 2021
Environmental Metrics
Renewable Energy Share:35.7% of SITE Centers’ controlled power use is green power
ESG Focus Areas
- Climate Change
- Sustainable Building Practices
- Energy Efficiency
- Water Efficiency
- Waste Management
- Tenant Engagement
- Community Engagement
- Good Employer Practices
- Health & Safety
- Governance
- Transparency in Reporting
- Ethical Business Practices
Environmental Achievements
- Reduced greenhouse gas emissions on a year-over-year, same-store basis at wholly-owned properties by 20.3%
- Converted 5,703 parking lot fixtures and hundreds of building fixtures to LED lighting (approximately 52% of parking lot fixtures are now LED)
- Implemented lighting controls on 100% of properties with common area lighting
- Diverted 58% of waste generated by tenants at wholly-owned properties away from landfills
- Installed 299 electric car charging stations
Social Achievements
- Achieved a 97% participation rate in employee engagement survey, scoring a grand mean of 4.24
- Implemented a flexible work-from-home policy
- Provided 7,500 training hours to employees (average of 23.89 hours per employee)
- Awarded five scholarships totaling $25,000
- Invested $21,315 in tuition reimbursement for eight employees
- Launched a Work-Based Internship program in partnership with the Atlanta Public School System
- Donated $264,919 to various charities and organizations
- Employees volunteered 469 hours at 15 different organizations
Governance Achievements
- Received the highest possible corporate governance score from Institutional Shareholder Services (ISS)
- Established an anonymous reporting hotline, receiving one complaint in 2021
- Implemented robust cybersecurity policies and training
Climate Goals & Targets
Short-term Goals:
- Convert all remaining common area lighting to LED by the end of 2024
Environmental Challenges
- Supply chain disruptions impacting roofing projects
- Climate change related risks (hurricanes, tornadoes, rising temperatures)
- Potential impact of future climate regulations on property operations and tenant costs
- Tenant control over interior energy and water usage
Mitigation Strategies
- Adequate insurance coverage, including business interruption insurance
- Disaster preparedness policies and protocols
- Partnership with NOAA as a WeatherReady Nation Ambassador
- Construction projects meeting or exceeding local codes for weather-related factors
- Investment in energy-efficient technologies (LED lighting, white roofing, sub-metered irrigation)
- Green lease language in new lease agreements (72% in 2021)
Supply Chain Management
Supplier Audits: 730 vendors executed Vendor Terms and Conditions
Responsible Procurement
- Vendor Terms and Conditions requiring safe working environments, living wages, adherence to SITE Centers’ Code of Conduct, and sustainability practices
Climate-Related Risks & Opportunities
Physical Risks
- Hurricanes
- Tornadoes
- Earthquakes
- Rising temperatures
- Sea level rise
Transition Risks
- Future climate regulations
Opportunities
- Development of energy-efficient products
Reporting Standards
Frameworks Used: GRI, GRESB, SASB, TCFD
Awards & Recognition
- Gold Green Lease Leader by the U.S. Department of Energy’s Better Building Alliance and The Institute for Market Transformation
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Energy efficiency
- Water conservation
- Waste reduction
- Diversity, Equity, and Inclusion
- Employee well-being
- Sustainable construction
Environmental Achievements
- Reduced Scope 1 emissions by 14% and Scope 2 emissions by 40% on a same-property basis since 2019.
- Reduced landlord-controlled electricity consumption by 28% since 2019 (same-property basis), driven partly by LED lighting conversion (55% of common areas).
- Reduced landlord-controlled irrigation by 20% since 2019 (same-property basis), driven partly by smart sub-metering.
- Achieved an energy star rating of 97 with targeted LEED Silver certification for renovated headquarters.
Social Achievements
- Continued growth of "SITE Helpers," an employee-led DEI steering committee, including launching an internship program with Youth Opportunities Unlimited.
- Received the 2022 Top Workplaces Award for Northeast Ohio.
- Received the Cigna Healthy Workplace Bronze Award.
Governance Achievements
- Maintained ISS Governance Quality Score of 1.
Climate Goals & Targets
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI, SASB, TCFD
Awards & Recognition
- Bloomberg Gender-Equality Index
- GRESB Green Star
- Gold Green Lease Leader
- Newsweek's America's Most Responsible Companies
- Top Workplaces Award for Northeast Ohio
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Corporate Responsibility and Sustainability
Climate Goals & Targets
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: Global Reporting Initiative (GRI), Sustainability Accounting Standards Board (SASB)