Kimco
Realty Corp. (NYSE: KIM), the nation’s
largest owner and operator of neighborhood and community shopping
centers, has launched a corporate
responsibility website for tenants, investors and consumers to learn
about the company’s stewardship activities and how they benefit the
wider community. Through the website, Kimco will spotlight initiatives
that positively impact its customers and tenants, reduce its
environmental footprint, improve operational efficiencies, and create
new value opportunities.
The site focuses around four key fundamental principles:
1. REthink Business: details Kimco’s efforts to create new
sources of value, and address issues of concern to the industry
2. REnew Community: describes Kimco’s community-building and
employee volunteer efforts
3. REstore Environment: outlines Kimco’s environmental
sustainability initiatives
4. REsources: provides formal reporting, alliances and
partnerships, and policies
Kimco has invested in multiple corporate responsibility initiatives over
the past few years. These include implementing a utility
management program to monitor resource use and reduce expenses at
individual centers; pioneering landlord-installed solar
panels at shopping centers to reduce tenant energy costs; developing
a lighting
control system that reduces parking lot electric consumption by 25
percent; and partnering with the International Council of Shopping
Centers to develop a first-of-its-kind Property
Efficiency Scorecard.
In addition to highlighting program initiatives and milestones, the
website will provide visitors with an interactive experience through
video and links to Kimco’s corporate blog and Twitter feed (@KimcoCR).
“We developed the site to create a dedicated forum for stakeholders to
learn about our corporate responsibility program and the successes that
we’ve had to date,” said Will Teichman, Director of Sustainability at
Kimco Realty. “In the past few months, many stakeholders have inquired
about what Kimco was doing in the corporate responsibility arena. Most
were happily surprised to learn that we were doing so much, but asked
why we weren’t sharing our story in a more public way. This new site
gives us an ideal platform to share our sustainability successes while
establishing the forward momentum, purpose, and accountability needed to
achieve our future vision.”
About Kimco
Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust (REIT)
headquartered in New Hyde Park, N.Y., that owns and operates North
America’s largest portfolio of neighborhood and community shopping
centers. As of September 30, 2012, the company owned interests in 922
shopping centers comprising 135 million square feet of leasable space
across 44 states, Puerto Rico, Canada, Mexico, and South America.
Publicly traded on the NYSE since 1991, and included in the S&P 500
Index, the company has specialized in shopping center acquisitions,
development, and management for 50 years. For further information, visit
the company’s web site at www.kimcorealty.com,
its blog at blog.kimcorealty.com,
or follow Kimco on Twitter at www.twitter.com/kimcorealty.
