Simon Property Group recognized for climate change disclosure
Simon Property Group, Inc., the world’s leading retail real estate company, announced two recent awards recognizing its commitment to sustainability issues. Simon properties in Northwest Florida include Pier Park and Silver Sands Premium Outlets.
For the second consecutive year, SPG has been recognized by the Carbon Disclosure Project (CDP) with inclusion in its select Carbon Disclosure Leadership Index. Once again SPG was the only real estate company to be awarded the CDLI distinction.
This index highlights those companies within the S&P 500 Index that have displayed a strong approach to information disclosure regarding climate change. Companies are scored on their climate change disclosure and high scores indicate good internal data management and understanding of climate change related issues affecting the company. The CDP represents 655 institutional investors with $78 trillion in assets.
“Our goal is to be as transparent as possible so it’s especially gratifying to be recognized once again for good information disclosure regarding climate change,” said George Caraghiaur, senior vice president of Energy & Procurement at Simon Property Group.
Paul Simpson, chief executive officer of CDP, said “companies that make the Carbon Disclosure Leadership Index have demonstrated strong internal data management practices for the measurement of greenhouse gas emissions and energy use. This is vital to realizing greater efficiencies, protecting the business from risk and capitalizing on opportunities.”
SPG was also named a regional sector leader in retail by The Global Real Estate Sustainability Benchmark in its recently released 2012 Report. The report is based on sustainability data gathered from approximately 450 property companies and funds worldwide, providing aggregate information for 36,000 properties, representing $1.3 billion in global assets under management.