CBL Properties Publishes First ESG Progress Update

CHATTANOOGA, Tenn.--(BUSINESS WIRE)--CBL Properties (NYSE:CBL) today announced that it has published its first ESG Progress Update that focuses on the Company’s accomplishments in 2022 and provides an update on its 2023 goals as well as a look ahead.

“The foundational elements of ESG have long guided our operations, and over the past two years, we have made tremendous progress in formalizing our ESG program and integrating it more fully into various aspects of our business. I am proud of the work our team has put into this program and I am pleased to share our progress in our first published ESG Progress Update,” said Stephen Lebovitz, chief executive officer, CBL Properties. “We are excited about the strides we have made through our ESG initiatives to this point and looking forward to even greater opportunities ahead.”

Lebovitz added, “In 2022, we completed a materiality assessment to help us identify the ESG priorities that were important to our key stakeholders and allow us to develop a three-year roadmap to guide our efforts. This ESG Progress Update provides insight into these priorities, CBL’s governance and oversight, progress on our goals, and case studies illustrative of our work in each ESG pillar.”

Download the full report here.

About CBL Properties

Headquartered in Chattanooga, TN, CBL Properties owns and manages a national portfolio of market-dominant properties located in dynamic and growing communities. CBL’s owned and managed portfolio is comprised of 94 properties totaling 58.5 million square feet across 22 states, including 56 high-quality enclosed malls, outlet centers and lifestyle retail centers as well as more than 30 open-air centers and other assets. CBL seeks to continuously strengthen its company and portfolio through active management, aggressive leasing and profitable reinvestment in its properties. For more information visit cblproperties.com.

Information included herein contains “forward-looking statements” within the meaning of the federal securities laws. Such statements are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy and some of which might not even be anticipated. Future events and actual events, financial and otherwise, may differ materially from the events and results discussed in the forward-looking statements. The reader is directed to the Company’s various filings with the Securities and Exchange Commission, including without limitation the Company’s Annual Report on Form 10-K and the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” included therein, for a discussion of such risks and uncertainties.

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