INVESTING TO MITIGATE CLIMATE RISK

Macerich manages climate-related risk consistent with our overall approach to the responsible use of financial and material resources. To that end, we continue to make thoughtful investments for hard-asset improvements that help us mitigate risk at our highest-risk properties across our portfolio. Together with large and small redevelopment projects, these capital expenditures remain a focus of our long-term business strategy.

NORTHERN CALIFORNIA/OREGON

RISK – FLOODING

Mitigation Investments: Development Planning, Meeting National Floodplain Insurance Requirements

SOUTHERN CALIFORNIA/ARIZONA

RISK – HEAT WAVES

Mitigation Investments: HVAC Replacement & Upgrades, Skylight Tinting, Central Plant Upgrades

Midwest

RISK – DROUGHT

Mitigation Investments: Real-Time Monitoring Systems, Drought-Tolerant Landscaping

East Coast

RISK - EXTREME STORMS

Mitigation Investments: Roof Improvements