Kimco Realty Corp. has been recognized by two leading organizations for its outstanding commitment to sustainability and transparency. The Global Real Estate Sustainability Benchmark has issued its annual Real Estate Assessment Score, evaluating companies in the areas of sustainability program implementation, measurement, management, and policies. For the fifth consecutive year, Kimco’s performance has earned it the “Green Star” designation.
According to a prepared statement, Kimco remains the top-ranked North American company among a peer group of open-air retail property owners. For the first time, the company achieved perfect scores in the categories of “Management” and “Policy & Disclosure.”
GRESB has also issued its second annual Public Disclosure Score, assessing the quality and transparency of a company’s environmental, social, and corporate governance practices. Kimco has once again achieved an “A” rating, capturing all available points and exceeding its average peer rating of a “B.”
In addition to Kimco’s GRESB recognition, the company was recently named a Green Lease Leader at the highest “Gold” level by the Institute for Market Transformation and the U.S. Department of Energy’s Better Buildings Alliance. Green Lease Leaders are companies and real estate practitioners who break down barriers to high-performance buildings by incorporating energy efficiency and sustainability criteria into their leases.
“At Kimco we are responsible for nearly 80 million square feet of retail,” said Conor Flynn, CEO of Kimco. “We have a significant responsibility to help shape the future of sustainability in retail real estate, as our assets serve as community gathering spaces, main streets, grocery stores, entertainment hubs, and mixed-use destinations across the country. Our GRESB scores and Green Lease Leader designation are a direct reflection of the important contributions made across Kimco’s organization by all our associates. As a next-generation REIT, we are committed to making our sustainability efforts a focal point of our strategy.”