Today, Regency Centers announced the release of its annual Corporate Responsibility Report. The report highlights Regency’s 2021 environmental, social, and governance achievements and future commitments, and underscores its commitment to transparency in these crucial areas. The report can be found on the Corporate Responsibility page of Regency’s website.
Corporate responsibility is embodied throughout our organization and is the lens through which we approach our business and make day-to-day decisions,” said Lisa Palmer, President and Chief Executive Officer. “We have made great progress on our ESG initiatives over time, though there is still room to improve and elevate our commitments. I look forward to continue building on the momentum we’ve created.
Key highlights from the 2021 Corporate Responsibility Report:
Continued progress on its multi-year diversity, equity, and inclusion (DEI) strategy
Developed its first two employee resource groups (ERGs) to further DEI progress
Launched WorkFlex, the Company’s flexible work location policy
Together with its employees, contributed approximately $1.4 million to charitable causes
Demonstrated respect for local culture and the Company’s values through property rebranding initiatives
Continued to refresh its Board of Directors through careful, thoughtful succession planning
Exceeded its goals for greenhouse gas (GHG) emissions reduction, energy efficiency, and waste management
Received endorsement by the Science Based Targets initiative (SBTi) for its short-term (2030) GHG emissions reduction target
Set a long term (2050) target to achieve net zero emissions
Achieved the highest score of “1” in each of ISS’ QualityScore categories
Awarded a GRESB Green Star for the seventh consecutive year
Regency remains focused on each of its four corporate responsibility pillars and aims to set goals that provide transparency and accountability. With its 2021 goals met or exceeded, Regency is reshaping its strategy and refining its commitments. For example, the 2021 Corporate Responsibility Report introduces new short-and-long-term goals to advance Regency’s environmental sustainability efforts, specifically to deepen the Company’s commitments to reduce its carbon footprint. The new goals include a commitment to reduce the Company’s Scope 1 and 2 GHG emissions by 28% by 2030 from a 2019 baseline year, endorsed by the SBTi, and a long-term goal to achieve net-zero Scope 1 and 2 GHG emissions across all operations by 2050. Other new or refined environmental goals include commitments around energy efficiency, renewable energy, water consumption, waste management, and electric vehicle charging stations at the Company’s shopping centers. The 2021 report also introduces new goals within the Company’s other three corporate responsibility pillars: Our People, Our Communities, and Ethics & Governance.
Learn more about Regency's commitment to Corporate Responsibility here.