NEW HYDE PARK, N.Y.--(BUSINESS WIRE)--Kimco Realty Corp. (NYSE: KIM) announced today that it has been recognized by two leading organizations for its outstanding commitment to sustainability and transparency. For the third consecutive year, Kimco was named to the Dow Jones Sustainability North America Index, remaining the sole U.S. retail owner among eligible companies. In 2017, Kimco had significant improvements for its sub-scores in the environmental, social, and economic performance areas.
The Dow Jones Sustainability Index assessment process involves the evaluation of 3,400 of the world’s largest companies each year and is considered a leading authority for investors tracking the financial performance of corporate sustainability leaders in their respective industries.
In addition to Kimco’s Dow Jones recognition, the company earned the Green Star designation by the Global Real Estate Sustainability Benchmark (GRESB) for the fourth year in a row, within the top quartile of 823 global respondents. Kimco remains the top-ranked North American company among a peer group of open-air retail property owners.
This year, GRESB added a new Public Disclosure Assessment, measuring the extent and transparency of a company’s public ESG reporting. Data are collected for all companies in the FTSE/EPRA/NAREIT Developed Index of 450 listed companies. Kimco achieved an “A” disclosure rating with a perfect score of 70 points.
“Since launching our formal Corporate Responsibility efforts in 2011, we have reduced our same-site energy consumption by 18 percent and implemented innovative programs in the environmental, social and governance arenas,” said Conor Flynn, CEO of Kimco. “We are proud to be consistently recognized as a leader among our peers as well as some of the world’s largest publicly held companies. We remain committed to leadership in the areas of ESG performance and transparency, underscoring our commitment to being a Next Generation REIT.”
Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is one of North America’s largest publicly traded owners and operators of open-air shopping centers. As of June 30, 2017, the company owned interests in 510 U.S. shopping centers comprising 84 million square feet of leasable space primarily concentrated in the top major metropolitan markets. Publicly traded on the NYSE since 1991, and included in the S&P 500 Index, the company has specialized in shopping center acquisitions, development and management for more than 50 years. For further information, please visit www.kimcorealty.com, the company’s blog at blog.kimcorealty.com, or follow Kimco on Twitter at https://twitter.com/kimcorealty.