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RPT Realty Awarded Green Star For Excellence In ESG Performance

RPT Realty Awarded Green Star For Excellence In ESG Performance

RPT Realty (NYSE: RPT) a publicly-traded owner and operator of open-air shopping centers, announced today that it made meaningful progress towards its Environmental, Social and Governance (“ESG”) and sustainability goals as measured by the 2022 Global Real Estate Sustainability Benchmark (“GRESB”) Real Estate Assessment. GRESB is a mission-driven and industry-led organization providing standardized and validated ESG data to financial markets.

“In a short period, we have evolved our mindsets, organizational behaviors and vision to create an actionable sustainability strategy that will help protect and create value for our stakeholders, while being good stewards of our communities and our employees. While we are pleased with this year’s recognition, our focus remains on positioning the company for a more sustainable future,” said Brian Harper, President and CEO.

See related articles: Empire State Realty Trust Reaches Carbon Neutrality for Commercial Portfolio, AIMCo Realty Announces Green Financing Framework

GRESB awarded RPT a Green Star for excellence in ESG performance. RPT also meaningfully increased its total GRESB score by 33% versus 2021. The Company is pleased to have received a score of 93% in the Management Component, and to have scored 13% higher than peers in the Performance Component. RPT has become a champion for ESG excellence, with nearly perfect scores on the “S” and “G” elements of GRESB, and an “E” score that is approximately 8% higher than the benchmark average.

“We have come a long way in our ESG strategy due to a clear vision, measurable goals and a dedicated team,” said Michael McBride, Senior Vice President of Asset Management & Sustainability. “We are honored an organization of GRESB’s caliber has recognized this growth, and we look forward to building on our corporate purpose of Turning Commercial Ground into Common Ground through our ongoing sustainability efforts.”

Please see the 2021 Corporate Sustainability Report, as well as the Corporate Responsibility and Corporate Governance sections of RPT’s website to learn more about the Company’s ESG and sustainability initiatives.

Source: RPT Realty


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