A Letter to Our Communities

A LETTER TO

OUR COMMUNITIES

As Macerich continues to shape the future of our A-quality real estate, we remain firmly dedicated to protecting our shared environment, advancing social good and sound corporate governance on every part of our journey. We are a company of people and properties with purpose.

This year’s Corporate Responsibility Report highlights how every positive action – from each LED light bulb to every welcoming community event – brings us closer toward meaningful environmental and social change and the ways Macerich is taking to help achieve that change. This work is embodied in our goal of reaching carbon neutrality by 2030 and our commitment to ensuring our spaces—on mall and in office—are gathering places for all people.

In 2021, we continued our energy usage reduction efforts and received SBTi validation that we are on target to achieve carbon neutrality 20 years ahead of the Paris Climate Agreement, helping to reduce the real estate industry’s 40% share in all greenhouse gas emissions. We also continued our signatory work with CEO Action, a group of more than 2,000 CEOs and Presidents pledging to support a more inclusive workplace for employees, communities and society at large. 2021 also saw us enhance our Nominating and Governance committee charter to reflect the fact that our Board of Directors has responsibility for ESG oversight.

Beyond the time frame of this report, Macerich continues to evolve our culture of belonging to respond to the needs of our employees and our communities, and we are working hard to ensure that our regional town centers are places for people to connect and gather, and on which our communities can rely. We are committed to the long-term value creation of our properties, as well as the equitable protection of natural resources, creating community and responsible corporate oversight.

As this report details, together, our dedicated team is helping secure the well-being of our communities now and for future generations.

Sincerely,

THOMAS E. O’HERN

CHIEF EXECUTIVE OFFICER