Climate Change Data

Environmental Metrics

ESG Focus Areas

• Not disclosed

Environmental Achievements

• Not disclosed

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Inflation could adversely impact the Company’s real estate operations due to increases in construction costs or operating expenses in excess of rental income.
• The Company’s expenses may remain constant or increase even if income from the Company’s properties decreases.
• The Company’s acquisition activities may not produce the cash flows that it expects and may be limited by competitive pressures or other factors.
• The Company may be unable to manage its growth effectively and be unable to capture the efficiencies of scale that it expects from expansion.
• The Company may not be able to obtain additional capital to finance its operations or make investments.
• Real estate investments are illiquid; therefore, the Company may not be able to dispose of properties if desired on favorable terms.
• The Company’s real estate investments may contain environmental risks that could adversely affect its results of operations.
• Changes in consumer trends, distribution channels and suburban populations may negatively affect revenues.
• Expectations relating to sustainability considerations expose the Company to potential liabilities, increased costs, reputational harm and other adverse effects on the Company’s business.
• The Company may be adversely affected by laws, regulations or other issues related to climate change.
• The Company’s properties could be subject to climate change, damage from natural disasters, public health crises and weather-related factors; an uninsured loss on the Company’s properties or a loss that exceeds the limits of the Company’s insurance policies could subject the Company to lost capital or revenue on those properties.
• Crime or civil unrest may affect the markets in which the Company operates its business and its profitability.
• The Company’s real estate assets may be subject to impairment charges.
• A disruption, failure or breach of the networks or systems on which the Company relies, including as a result of cyber-attacks, could harm its business.
• The Company may be subject to litigation that could adversely affect its results of operations.

Mitigation Strategies

• The generally shorter duration of convenience tenant leases provides Curbline with more frequent opportunities to increase rents to market levels and to mitigate the risk and impact of inflation.
• Curbline generally does not expend a significant amount of capital on lease renewals, which constitute the majority of overall leasing activity.
• Curbline believes its diversification of primarily national tenants along with the depth of leasing prospects for its homogenous store unit sizes mitigates credit risk and will allow it to maintain elevated leased rates across the portfolio.
• The Company does not expect to have any debt at the time of the separation, with approximately $600 million of cash on hand, $400 million of immediate liquidity from an unsecured, undrawn line of credit and a $100 million unsecured, delayed draw term loan.
• The Company expects to have comprehensive liability, casualty, flood, terrorism and rental loss insurance policies on its properties.

Supply Chain Management

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• extreme weather
• natural disasters

Transition Risks

• laws or regulations related to climate change

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used:

Certifications:

UN Sustainable Development Goals

• Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Governance
• Social/Human Rights
• Environmental

Climate Goals & Targets

Supply Chain Management

Responsible Procurement

• Compliance with Curbline Code of Business Conduct and Ethics
• Compliance with all applicable laws and regulations
• Avoidance of bribes and kickbacks
• Compliance with U.S. Department of Labor Laws (fair wages and child labor)
• Compliance with environmental laws and regulations

Climate-Related Risks & Opportunities