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We are thrilled to be able to announce that the original 10-year goals we established in 2011 have been completed in half the time. The original goals, carried out by our sustainability team of Mark Peternell and Tanner Hayes, were based on industry-leading benchmarks as well as the Department of Energy's Better Buildings Challenge. They included:
- Energy: Reduce same-store energy consumption 20% by 2021
- Emissions: Reduce same-store greenhouse gas emissions 20% by 2021
- Water: Reduce same-store water use 10% by 2021
We have exceeded all targets five years early by making the following reductions:
- Energy consumption reduced by 21.4%
- Greenhouse gas emissions reduced by 29.8%
- Water use reduced by 12.9%
In order to accomplish these goals and support environmental sustainability within the communities we serve, we have made significant investments to improve our environmental performance. Since launching our formal sustainability program in 2008, we have:
- Certified 16 development projects – totaling over one-million square feet of retail space – under the U.S. Green Building Council’s Leadership in Energy and Environmental Design (LEED) program
- Installed high-efficiency irrigation systems at over 130 properties located in drought-stricken and water-stressed regions
- Converted 86 properties’ exterior lighting to high-efficiency and DarkSky™ compliant LED fixtures
- Developed over 1MW of clean, renewable photovoltaic solar power
- Issued a $250 million Green Bond, the first for a U.S. real estate investment trust, and second for a U.S. corporation
- Received the Green Star accolade for two consecutive years from the Global Real Estate Sustainability Benchmark (GRESB)
“Regency’s attainment of these goals, and track record of environmental excellence, demonstrate our position as an industry-leader,” said Lisa Palmer, President and CFO. “As we look forward, we will continually set new goals to raise the bar for excellence in environmental performance across our portfolio.”
We are committed to being an industry leader in sustainability and continually improving performance. This commitment supports achieving key strategic objectives, better risk management, community improvement, stakeholder relations, and is in the best interest of shareholders. To learn more, please visit www.regencycenters.com/regency/sustainability.
