Sustainable Building and Operations

The Market Springwoods Village | Houston, TX | LEED Certification Ceremony

Sustainable Building and Operations

As the preeminent owner, operator and developer of neighborhood shopping centers we believe it is our responsibility to be an industry leader in environmental matters. We were an early adopter of green building practices and continue to consistently deliver retail shopping centers that are more resource-efficient, address occupant health and safety, support local communities and achieve recognition from green building authorities.

In 2014, Regency issued a $250 million Green Bond and was the first U.S. REIT and second U.S. corporation to do so. Green Bonds finance and promote environmentally sustainable projects. In 2017, we implemented our Green Building Standard, which incorporates many of the same design elements and construction practices that are included in LEED. This Standard ensures that our centers have a higher level of green building performance relative to conventional practices.

We have committed to reduce our greenhouse gas emissions, become more energy efficient and divert more waste. These goals ensure sustainability is a key consideration in the operation of our centers, and were updated in 2018 after we achieved our previous 10 year goals in only 5 years. Ensuring a high level of sustainability in our building and operations not only reduces costs and is the right thing to do but it enables us to stay ahead of the curve as cities and states introduce requirements for environmental reporting and performance.

In 2019, consistent with our ethos for continuous improvement, we have reviewed and expanded our environmental data collection and reporting. We are developing a data management plan to ensure consistency and best practice going forward, and will continue to review and improve our environmental data management and reporting to ensure transparency on material environmental issues. In addition, we are expanding our reporting to include responses in line with Sustainability Accounting Standards Board (SASB) and Taskforce on Climate-related Financial Disclosures (TCFD) recommendations.

GOALS

 Provide guidance and leadership to tenants on sustainability issues