Kimco
Realty Corp. (NYSE:KIM) has been recognized by two leading
investor-backed organizations for its outstanding commitment to
sustainability and transparency. Today the company was named to the S&P
500 Climate Disclosure Leadership Index (CDLI) by the nonprofit CDP,
the world’s global environmental disclosure system, for the depth and
quality of information it disclosed to investors and the global
marketplace this year. Kimco’s leadership status was announced in the CDP
S&P 500 Climate Change Report 2014,
which details how S&P 500 member companies are creating environmental
and economic value through their sustainability initiatives.
This is the first year that Kimco has earned a position in the
CDLI. The annual index spotlights the top 10 percent of respondents that
have demonstrated the highest level of transparency and data quality in
their disclosure of climate-related information and reporting of
greenhouse gas emissions. Sixty-three companies are featured in the 2014
CDLI. Kimco supplied this information to CDP’s network of 767
institutional investors, who represent more than $92 trillion in assets.
In addition to Kimco’s CDLI recognition, the company recently earned the
Green Star designation by the Global
Real Estate Sustainability Benchmark (GRESB), the highest
designation for respondents. Kimco’s headline GRESB score increased by
67 percent relative to 2013, advancing the company into the top quartile
of over 600 global respondents. Founded in 2011, GRESB is an
industry-driven organization committed to assessing the sustainability
performance of real estate portfolios internationally. It is backed by
46 institutional investors with $5.5 trillion in capital under
management. The Green Star is awarded to companies in the real estate
industry that measure, implement, manage, and develop corporate
responsibility as part of their daily operations.
“We started participating in CDP and GRESB four years ago and have
steadily improved our scores over the past few years,” said Conor Flynn,
President and Chief Operating Officer at Kimco. “Our improvement as
measured by these two leading organizations follows from a focused and
ongoing internal effort to improve our sustainability performance. Our
team, led by Director of Sustainability Will Teichman, has invested
considerable time and resources in developing an industry-leading
program and this year’s recognition by CDP and GRESB validates Kimco’s
efforts in this strategically important area.”
About Kimco
Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust (REIT)
headquartered in New Hyde Park, New York, that owns and operates North
America’s largest publicly traded portfolio of neighborhood and
community shopping centers. As of June 30, 2014, the company owned
interests in 840 shopping centers comprising 121 million square feet of
leasable space across 41 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 more than 50 years. For further
information, please visit http://www.kimcorealty.com,
the company’s blog at blog.kimcorealty.com,
or follow Kimco on Twitter at www.twitter.com/kimcorealty.
Copyright Business Wire 2014