Climate Change Data

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)