NEW YORK, Oct. 17, 2022 (GLOBE NEWSWIRE) — RPT Realty (NYSE: RPT) (“RPT” or the “Company”), a publicly-traded proprietor and operator of open-air purchasing facilities, introduced at present that it made significant progress in direction of its Environmental, Social and Governance (“ESG”) and sustainability objectives as measured by the 2022 Global Real Estate Sustainability Benchmark (“GRESB”) Real Estate Assessment. GRESB is a mission-driven and industry-led group offering standardized and validated ESG knowledge to monetary markets.
“In a short period, we have evolved our mindsets, organizational behaviors and vision to create an actionable sustainability strategy that will help protect and create value for our stakeholders, while being good stewards of our communities and our employees. While we are pleased with this year’s recognition, our focus remains on positioning the company for a more sustainable future,” mentioned Brian Harper, President and CEO.
GRESB awarded RPT a Green Star for excellence in ESG efficiency. RPT additionally meaningfully elevated its complete GRESB rating by 33% versus 2021. The Company is happy to have acquired a rating of 93% within the Management Component, and to have scored 13% larger than friends within the Performance Component. RPT has grow to be a champion for ESG excellence, with practically excellent scores on the “S” and “G” parts of GRESB, and an “E” rating that’s roughly 8% larger than the benchmark common.
“We have come a long way in our ESG strategy due to a clear vision, measurable goals and a dedicated team,” mentioned Michael McBride, Senior Vice President of Asset Management & Sustainability. “We are honored an organization of GRESB’s caliber has recognized this growth, and we look forward to building on our corporate purpose of Turning Commercial Ground into Common Ground through our ongoing sustainability efforts.”
Please see the 2021 Corporate Sustainability Report, in addition to the Corporate Responsibility and Corporate Governance sections of RPT’s web site to study extra in regards to the Company’s ESG and sustainability initiatives.
About RPT Realty
RPT Realty owns and operates a nationwide portfolio of open-air purchasing locations principally positioned in prime U.S. markets. The Company’s purchasing facilities supply various, locally-curated client experiences that replicate the existence of their surrounding communities and meet the trendy expectations of the Company’s retail companions. The Company is a completely built-in and self-administered REIT publicly traded on the New York Stock Exchange (the “NYSE”) underneath the ticker image “RPT.” For further details about the Company, please go to rptrealty.com.
About GRESB
GRESB is a mission-driven and industry-led group offering standardized and validated ESG knowledge to monetary markets. Established in 2009, GRESB has grow to be the main ESG benchmark for actual property and infrastructure investments the world over, utilized by greater than 170 institutional and monetary buyers to tell decision-making. For extra info, go to GRESB.com.
Company Contact:
Alyssa Dart, Director of Communications and Brand Strategy
19 W forty fourth St. tenth Floor, Ste 1002
New York, New York 10036
[email protected]
(212) 221-1415
