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29 | REGENCY CENTERS 2020 CORPORATE RESPONSIBILITY REPORT
As our sustainability efforts grow, we are slowly blurring the lines between what is a ‘green’ initiative and what is routine business practice in many areas. Not only are there obvious benefits to everyone from us being good environmental stewards, but the efficiencies of resources and cost savings become more apparent every day. We have approached a point when sustainability initiatives will be integrated into everything we do.
Greenhouse Gas Emissions In 2019, we refined our reporting boundary for Greenhouse Gas emissions and expanded our data inventory, including adding an estimate for Scope 3 emissions. In 2020, we further improved our dataset and increased our visibility of actual Scope 3 emissions data by accessing aggregated data outside our operational control for approximately half of our portfolio. This visibility will enable us to better understand the emissions footprint of our properties and use that knowledge to work with our tenants for their benefit and that of the communities they serve. Despite the pandemic-related challenges in 2020, we have also continued to focus on the emissions within our operational control. We have a 10-year goal to reduce our Scope 1 and 2 emissions by an average of 5% each year from 2018 to 2028. The annual focus of this longterm goal ensures that we maintain momentum. Our emissions footprint was impacted by increased numbers of vacant spaces at our centers in 2020, as when a unit becomes vacant we take on responsibility for the utilities required to maintain the space for the next tenant. Despite this, we are pleased to report that in 2020 we reduced our Scope 1 and 2 like-for-like emissions by 9%, exceeding our long-term target, with an average annual reduction of 9% since 2018. We will continue our efforts in 2021 while we work on developing enhanced targets to have science-based reductions and ultimately net zero Scope 1 and 2 emissions, together with a strategy to achieve both targets.
2021 GOALS A nnually reduce like-for-like Scope 1 and 2 Greenhouse Gas emissions by an average of 5% from 2018 until 2028
REGENCY OVERVIEW
OUR PEOPLE
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THE LOFT OFFICE CLARENDON Regency’s Loft Office at The Crossing recently received a LEED Gold certification by the U.S. Green Building Council (USGBC). USGBC’s mission is to transform the way buildings and communities are designed, built and operated, enabling an environmentally and socially responsible, healthy, and prosperous environment that improves the quality of life. Regency is committed to continuing its sustainable building efforts in future phases of the project at The Crossing, including the renovation of the central green at The Loop, which includes a shift toward biophilic design, with less paving and more planters. Additional updates include converting an existing drive aisle into a pedestrian-only piazza featuring outdoor seating, more greenery, innovative play structures and more.
OUR COMMUNITIES
ETHICS AND GOVERNANCE
Mark Peternell, Regional Property Manager and Vice President, Sustainability
Exceeding Our Goals
9%
Average annual reduction in like-for-like Scope 1 and 2 Greenhouse Gas emissions since 2018
ENVIRONMENTAL STEWARDSHIP
GRI INDEX
