Kimco Realty® Publishes 2021 Corporate Responsibility Report
2021 Report Highlights
Now over a decade since the launch of Kimco’s formalized efforts around ESG and the hire of its first Director of Sustainability, the company’s focus has expanded and its programs have evolved, but its holistic, stakeholder-driven approach continues to drive industry-leading innovation in the ESG space and is a hallmark of the company’s success.
The past year saw meaningful progress made towards the 16 public ESG goals announced in early 2021. Highlights from the year include:
- Formally adjusted the company’s executive compensation plan to tie a portion of incentive pay to performance against the company’s ESG goals.
Tamara Chernomordikas Senior Director of ESG, leading the strategic development and implementation of the company’s initiatives and guiding the company towards achieving its publicly stated goals.
- Received the Best Place to work for LGBTQ+ Equality designation after achieving a perfect score on the Human Rights Campaign Foundation’s 2022 Corporate Equality Index, a nationally recognized benchmarking survey and report measuring corporate policies and practices related to LGBTQ+ workplace equality.
$1.4 millionin cash and in-kind contributions to support small businesses and charitable causes in the unique and diverse communities in which the company operates.
Launched four unique KIMunity Councils and doubled the membership of the company’s existing Diversity,
Equity and Inclusion (DEI) Council. These councils are made up of associates across the organization who directly participate in driving strategy in the areas of DEI, giving, wellness, sustainability, and tenant engagement.
Successfully completed the strategic and immediately accretive merger with
Weingarten Realty Investors, applying a people-first approach to welcome and onboard approximately 100 new associates to the Kimcofamily. The team is now focused on applying the company’s unique ESG platform and sustainable operational approach to the 150-plus new assets in its portfolio.
“Over the last 12 months of stakeholder engagement, there has been an increased focus on addressing climate risk, and on diversity, equity and inclusion initiatives – these are themes that are incorporated into the 16 ESG goals that we announced in early 2021. This past year, we focused making meaningful progress towards those goals, and we put in place the infrastructure that would support our comprehensive efforts,” said
He continued, “Today, our commitment to ESG permeates every area of our business and every level of our organization. We will continue to engage with and serve our stakeholders, because we are certain that this approach will drive the best possible results for both our stakeholders and our company.”
The digital version of Kimco’s 2021 Corporate Responsibility Report can be accessed here.
This report was prepared in accordance with the Global Reporting Initiative’s (GRI) Sustainability Reporting Standard and incorporates disclosures aligned with the Value Reporting Foundation’s
The company announces material information to its investors using the company’s investor relations website (investors.kimcorealty.com),
Safe Harbor Statement
This communication contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained iv in the Private Securities Litigation Reform Act of 1995 and includes this statement for purposes of complying with the safe harbor provisions. Forward-looking statements, which are based on certain assumptions and describe the Company’s future plans, strategies and expectations, are generally identifiable by use of the words “believe,” “expect,” “intend,” “commit,” “anticipate,” “estimate,” “project,” “will,” “target,” “forecast” or similar expressions. You should not rely on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which, in some cases, are beyond the Company’s control and could materially affect actual results, performances or achievements. Factors which may cause actual results to differ materially from current expectations include, but are not limited to, (i) general adverse economic and local real estate conditions, (ii) the inability of major tenants to continue paying their rent obligations due to bankruptcy, insolvency or a general downturn in their business, (iii) the reduction in the Company’s income in the event of multiple lease terminations by tenants or a failure of multiple tenants to occupy their premises in a shopping center, (iv) the availability of suitable acquisition, disposition, development and redevelopment opportunities, and risks related to acquisitions not performing in accordance with our expectations, (v) the Company’s ability to raise capital by selling its assets, (vi) increases in operating costs due to inflation and supply chain issues, (vii) risks related to future opportunities and plans for the combined company, including the uncertainty of expected future financial performance and results of the combined company following the merger between