Sustainable Operations and Resource Use

Village at La Floresta | Los Angeles, CA | LEED Silver Certified

Environmental Stewardship

Sustainable Operations and Resource Use

To strive to "do what is right and be responsible" are core values that have guided us from our foundation. In the environmental space, this means being a good steward and leader in sustainability. To achieve this, we aim for sustainable operations and responsible resource use, and gauge our success through six strategic priorities:

• Energy efficiency • Greenhouse Gas emissions reductions • Water conservation • Waste management • Green building • Climate-change resilience.

Regency was one of the first in our industry to begin environmentally-focused initiatives on a national level, and we have been building on that momentum ever since. We were the first US REIT and second US corporation to issue a Green Bond when our $250 million Green Bond for financing environmentally sustainable projects transacted in 2014. In 2017, we developed our Green Building Standard, which aligns with leading third-party certification standards and has since been applied to all of our developments and redevelopments. We set initial 10-year environmental targets, which were achieved in half the time, and in 2018 we re-baselined with our current goals. In 2019, we developed and implemented a Tenant Sustainability Guide and enhanced our Green Leases. In 2020, we incorporated a sustainability metric into our credit facility related to targets for reduction in Scope 1 and 2 Greenhouse Gas emissions. These, and our other efforts, have been recognized over the years by organizations such as GRESB (Global Real Estate Sustainability Benchmark), which has awarded us a Green Star for the past six consecutive years, and the Institute for Market Transformation which certified us as a Green Lease Leader in 2020.

However, we are always striving for continuous improvement, and while we have existing long-term sustainability goals we are planning for an even greater impact. In 2021, we will be identifying a target year for net-zero Scope 1 and 2 Greenhouse Gas emissions from operations within our operational control, and an interim science-based target. We also plan to build a strategy for achieving both targets that aligns with our corporate strategic plan and business objectives.