MACERICH RELEASES 2021 CORPORATE RESPONSIBILITY REPORT
Report highlights progress of company's industry-leading sustainability strategy, reinforces commitment to positive action
The report highlights the Company's ongoing, 23-year commitment to meeting the needs of all stakeholders by developing properties with purpose and championing belonging in all areas of operations since
"At Macerich, everything we do centers on our belief that our
Macerichhas achieved or is on track to achieve its 2030 carbon neutrality goal, waste reduction and water conservation goals. Significant results for 2021 include a 9% reduction in location-based greenhouse gas emissions since 2019, 35% solid waste reduction, and 20% reduction in water consumption since 2015.
- An industry leader in sustainability,
Macerichreceived validation of its Science Based Targets initiative (SBTi) goals. This milestone affirms that the Company is on track to play its part in meeting Paris Agreement goals of limiting global warming to 1.5°C above pre-industrial levels. Macerichmaintained a steady position as one of 200 companies out of 13,000 annual applicants on the CDP A List, which showcases companies leading on environmental transparency and action based on annual impact disclosures. The Company also received the #1 ranking in the GRESB Americas retail sector for the seventh consecutive year.
- Responding to calls for support in its communities,
Macerichprovided emergency response support for the MarshallFire in Colorado, partnered with public and private organizations in New York Cityto provide thousands of turkeys for families in need, and donated hundreds of laptops to schools throughout the country. Macerichwas the largest employer of the inaugural class of ICSC Foundation's Launch Academyfor college student interns to explore career opportunities in retail real estate management and leasing. Macerichproperties hosted more than 1,800 events supporting local causes and communities, such as blood drives, farmers markets, COVID testing sites, food drives, cultural celebrations and more. Macerichinvested in and developed the employee community through mentorship programs, professional development opportunities, manager training and DEIB-focused employee training.
- In 2021, the Company added ESG oversight responsibilities to the charter of the
Nominating and Governance Committeeof the Board of Directors, which affirms ESG objectives and conducts quarterly reviews. Macerichadded ESG-focused performance metrics to the executive compensation plan.
- The Company affirmed its ethical business practices with a commitment to transparency, responsiveness and principled action by providing clear written policies and ongoing training to shape expectations and outline behaviors for everyone who is part of the employee community.
- To learn more about
Macerich'sleadership in sustainability, access the Macerich Corporate Responsibility/ESG Report, with data for the period ending December 31, 2021.
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Karen Maurer, 602-708-6311, Karen.Maurer@macerich.com