INSIDE OUR ESG STRATEGY

Our perspective on ESG requires a balanced approach that is distinctive to our industry. From our corporate offices to the high-quality properties that make up our nationwide portfolio, our ESG strategy takes into consideration a wide range of natural and human resources, geographic locations, community wants and needs and stakeholder perspectives. Even as we concentrate on specific goals and priorities within each aspect of environment, social and governance, everything we do is seamlessly woven together in our holistic approach to embodying properties and people with purpose.

Key to creating our properties with purpose is our deep appreciation for the cities and individuals that put our centers at the heart of their communities. With seasoned leadership that carefully calibrates the many “levers” that make up our ESG principles — vibrant places to shop, eat, work and play; a fulfilling workplace that makes room for all; resource conservation and preparedness for climate-related events; and sustained economic vitality — our people and properties are well prepared for the future.

Environmental

Macerich’s environmental objective is to achieve carbon neutrality and, through our transition to a net-zero economy, champion industry-wide change. We are charging forward to create the most resilient and attractive properties with the least environmental impact.

• Achieve carbon neutrality by 2030

• Achieve 50% reduction in water consumption by 2030

• Increase active stakeholder engagement around sustainability issues

• Fully integrate sustainability practices and principles into ways of working

Social

Our social responsibility activities engage and support communities, address human needs and promote employee well-being as we create opportunities for greater diversity, equity, inclusion and belonging within our business practices.

• Evolve approach to diversity, equity, inclusion and belonging (DEIB) in recruiting, retention and the overall employee experience

• Enhance employee engagement and satisfaction

• Help build the communities we serve through volunteerism and philanthropy

• Partner with tenants and promote equitable financial opportunity

Governance

Sound corporate governance underpins all our strategic priorities and actions to ensure responsible business practices and ethical decision-making at every level of our Company.

• Advance ethical business practices

• Transparently communicate responsible business practices and progress toward 2030 goals

• Increase Board diversification

• Adhere to strict privacy and security guidelines