NEW
YORK, July 1, 2024 /PRNewswire/ -- Brixmor
Property Group Inc. (NYSE: BRX) ("Brixmor" or the "Company")
announced today the release of its fifth annual Corporate
Responsibility (CR) Report, which provides a comprehensive overview
of the Company's strategy to improve the environmental, social, and
economic well-being of its stakeholders, as well as measurements
and case studies that highlight Brixmor's progress with respect to
its CR goals.
"Our CR principles align with our core values, our vision, and
our mission," stated James Taylor,
Chief Executive Officer and President. "Our continued focus on CR
supports the long-term, sustainable growth of our business and the
continued value creation delivered to our key stakeholders, which
include our team, our shareholders, our tenants, and the
communities our centers serve."
Notable achievements in each of Brixmor's Corporate
Responsibility pillars for calendar year 2023 included:
Our Culture:
- Continued progress in support of Diversity and Inclusion
initiatives, with an emphasis on inclusive recruitment and early
career development; employee engagement, mentorship, and education;
and enhanced transparency and accountability
- An average gender pay gap of zero for the fourth consecutive
year
- Executive bonuses linked directly to the achievement of
individual ESG goals
- Maintaining the highest score of "1" from ISS's Governance
QualityScore, which reviews corporate governance quality and risk
across four categories: Board Structure, Compensation, Shareholder
Rights, and Audit & Risk Oversight
Our Properties:
- A 50% reduction in Scope 1 and 2 greenhouse gas emissions
compared to the 2018 baseline year, surpassing our Science-Based
Target goal, up from a 40% reduction in calendar year 2022
- An increase in on-site renewable energy systems to a total
capacity of 11.2 MW of capacity, up from 10.3 MW in calendar year
2022
- The conversion of 96% of the Company's portfolio to LED
lighting, up from 95% of the portfolio in calendar year 2022
- A 42% reduction of common area water consumption on a
like-for-like basis since 2016, up from 10% in calendar year
2022
Our Stakeholders:
- The stabilization of approximately $1B of reinvestment projects since January 1, 2016, up from $872M in calendar year 2022
- More than 3,400 hours of employee volunteer service in
Brixmor's communities
To learn more and read the entire CR report, please visit
https://www.brixmor.com/corporate-responsibility.
CONNECT WITH BRIXMOR
- For additional information, please visit
https://www.brixmor.com;
- Follow Brixmor on:
- LinkedIn at https://www.linkedin.com/company/brixmor
- Facebook at https://www.facebook.com/Brixmor
- Instagram at https://www.instagram.com/brixmorpropertygroup;
and
- YouTube at https://www.youtube.com/user/Brixmor
ABOUT BRIXMOR PROPERTY GROUP
Brixmor (NYSE: BRX) is a
real estate investment trust (REIT) that owns and operates a
high-quality, national portfolio of open-air shopping centers. Its
359 retail centers comprise approximately 64 million square feet of
prime retail space in established trade areas. The Company strives
to own and operate shopping centers that reflect Brixmor's vision
"to be the center of the communities we serve" and are home to a
diverse mix of thriving national, regional and local retailers.
Brixmor is a proud real estate partner to over 5,000 retailers
including The TJX Companies, The Kroger Co., Publix Super Markets
and Ross Stores.
Brixmor announces material information to its investors in SEC
filings and press releases and on public conference calls, webcasts
and the "Investors" page of its website at https://www.brixmor.com.
The Company also uses social media to communicate with its
investors and the public, and the information Brixmor posts on
social media may be deemed material information. Therefore, Brixmor
encourages investors and others interested in the Company to review
the information that it posts on its website and on its social
media channels.
SAFE HARBOR LANGUAGE
This press release may contain
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934. These statements include, but are not limited to,
statements related to our expectations regarding the performance of
our business, our financial results, our liquidity and capital
resources, and other non-historical statements. You can identify
these forward-looking statements by the use of words such as
"outlook," "believes," "expects," "potential," "continues," "may,"
"will," "should," "seeks," "projects," "predicts," "intends,"
"plans," "estimates," "anticipates," or the negative version of
these words or other comparable words. Such forward-looking
statements are subject to various risks and uncertainties.
Accordingly, there are or will be important factors that could
cause actual outcomes or results to differ materially from those
indicated in these statements. We believe these factors include,
but are not limited to, those described under the sections entitled
"Forward-Looking Statements" and "Risk Factors" in our Form 10-K
for the year ended December 31, 2023,
as such factors may be updated from time to time in our periodic
filings with the Securities and Exchange Commission (the "SEC"),
which are accessible on the SEC's website at https://www.sec.gov.
These factors include (1) changes in national, regional, and local
economies, due to global events such as international military
conflicts, international trade disputes, a foreign debt crisis,
foreign currency volatility, or due to domestic issues, such as
government policies and regulations, tariffs, energy prices, market
dynamics, general economic contractions, rising interest rates,
inflation, unemployment, or limited growth in consumer income or
spending; (2) local real estate market conditions, including an
oversupply of space in, or a reduction in demand for, properties
similar to those in our Portfolio (defined hereafter); (3)
competition from other available properties and e-commerce; (4)
disruption and/or consolidation in the retail sector, the financial
stability of our tenants, and the overall financial condition of
large retailing companies, including their ability to pay rent
and/or expense reimbursements that are due to us; (5) in the case
of percentage rents, the sales volumes of our tenants; (6)
increases in property operating expenses, including common area
expenses, utilities, insurance, and real estate taxes, which are
relatively inflexible and generally do not decrease if revenue or
occupancy decrease; (7) increases in the costs to repair, renovate,
and re-lease space; (8) earthquakes, wildfires, tornadoes,
hurricanes, damage from rising sea levels due to climate change,
other natural disasters, epidemics and/or pandemics, civil unrest,
terrorist acts, or acts of war, any of which may result in
uninsured or underinsured losses; and (9) changes in laws and
governmental regulations, including those governing usage, zoning,
the environment, and taxes. These factors should not be construed
as exhaustive and should be read in conjunction with the other
cautionary statements that are included in this press release and
in our periodic filings. The forward-looking statements speak only
as of the date of this press release, and we expressly disclaim any
obligation or undertaking to publicly update or review any
forward-looking statement, whether as a result of new information,
future developments, or otherwise, except to the extent otherwise
required by law.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/brixmor-property-group-issues-annual-corporate-responsibility-report-302186021.html
SOURCE Brixmor Property Group Inc.