Our Illumi-Nation program made its way into the new year on a high note with approximately 50 percent of our top-tier sites now retrofitted with LED lights. We are well on the way to achieving Kimco’s energy reduction goal of a 10 percent reduction in same-site consumption within our operational control.… Read More
This month’s cover story of the industry trade publication Commercial Property Executive focused on all things sustainable in commercial real estate. I joined a roundtable of other prominent players for the feature: Helen Gurfel, executive director, ULI Greenprint Center for Building Performance; Nick Stolatis, senior director, global sustainability and enterprise initiatives, TIAA-CREF Global Real Estate; Gary Holtzer, global sustainability officer, Hines; Billy Grayson, director of sustainability, Liberty Property Trust; and David Pogue, global director of corporate responsibility, CBRE Group Inc.… Read More
Kimco’s Corporate Responsibility program was launched in 2011, and in the ensuing years we’ve worked hard to advance impact-driven initiatives and to communicate more frequently with key stakeholders about our progress. In 2014, we celebrated a major milestone in the life of the program by publishing our first comprehensive Corporate Responsibility Report.… Read More
Conserving energy and reducing operating expenses through property retrofits have been issues of growing importance to Kimco over the past several years. Through our award-winning Gateway Building Controls Program we have installed state-of-the-art systems at the majority of our Tier 1 properties that allow for advanced control and monitoring of exterior lighting by property managers.… Read More
Active readers of the Kimco blog have seen a steady stream of posts related to our corporate responsibility efforts over the past three years. We’ve shared some of the details behind individual initiatives, discussed industry-wide sustainability trends, and celebrated key program milestones.… Read More
We spend a lot of time on our blog discussing the many initiatives Kimco has undertaken to advance sustainability at our properties and in our communities. But as I speak to my colleagues, I’m always inspired by the actions they’re taking in their personal lives to promote sustainability and healthy living.… Read More
Last week I shared my op-ed in Shopping Centers Today on the importance of the landlord-tenant relationship when it comes to developing and maintaining sustainable shopping centers.
You might have read on our blog this summer about Kimco’s participation in the Environmental Defense Fund’s (EDF) Climate Corps program. Climate Corps places top-tier graduate students into large organizations to make the business case for energy efficiency. This summer, Linus Ik-Pyo Hong, a graduate student at Columbia University, joined Kimco’s Sustainability Team.… Read More
Many owners and managers of commercial real estate, including Kimco, believe that sustainability and corporate responsibility initiatives are one way to drive long-term growth and value creation within the industry. But many questions and challenges remain about the strategies, policies, and resources required to enact change.… Read More
Commercial real estate and sustainability are two very popular topic areas for industry conferences. There are dozens of potential conference opportunities that in some way address the intersection of commercial real estate, retail, environmental sustainability, energy, clean technology, and the like.… Read More
Hopefully you have been following our new blog and might have read some of my recent posts about Kimco’s sustainability initiatives, including our rooftop solar panel installations and high-intensity fluorescent lighting retrofits. In these instances, we made strategic investments in improved technology that will reduce and offset the cost and environmental impact of energy consumption at individual properties.… Read More
Just a few years ago, sustainability and corporate responsibility initiatives were the focus of smaller niche companies. Today, organizations of all sizes and in all industries are exploring new (or in some cases re-thinking old) approaches to how they do business.… Read More
We all agree that sustainability is important. It helps reduce waste, reduce costs, and can even influence consumer decisions. At Kimco, our corporate responsibility program has reduced same-site energy consumption within the company’s operational control by 15 percent since its launch in 2011.… Read More
The National Association of Real Estate Investment Trust’s (NAREIT) Leader in the Light Working Forum has become a must-attend event for an increasingly broad group of practitioners from leading REITs. Over the past several years, the Forum has evolved from a place to recognize and engage with winners of the Leader in the Light Award into a thought-provoking conference where portfolio owners, real estate investors, policy experts, and others convene to discuss the current and future state of sustainability.… Read More
Later this week, thousands of professionals will converge on New Orleans for the Greenbuild International Conference and Expo. Greenbuild is the largest annual gathering of building owners, designers, managers, vendors, and other interested stakeholders that focuses exclusively on sustainability.
This year, I’ll be sharing more about Kimco’s efforts in this area in a panel discussion focused on the topic of green leasing.… Read More
For the past three years the Department of Energy (DOE) has hosted an annual event called the Better Buildings Summit. The Summit is a gathering place for organizations focused on advancing energy efficiency within the built environment, and includes Department of Energy staff, representatives from Better Buildings Alliance partners, leading thinkers from our National Laboratories, and service providers to the industry.… Read More
At Kimco, corporate responsibility is a key priority. Since launching our program in 2011, we have unveiled a Corporate Responsibility website detailing our program initiatives to external stakeholders, implemented efficiency improvements throughout portions of our portfolio, developed sustainability resources to help retailers reduce their energy usage and costs, and executed a host of other innovative CR initiatives, including bringing that news and information to you via our blog.… Read More
We firmly believe that a crucial aspect of driving greater energy efficiency at retail properties is collaboration between landlords, tenants, and utility providers. You might have read our recent press release announcing a first-of-its-kind collaboration with a major utility provider, which is one example of how Kimco is taking tangible steps in this regard.… Read More
One of the biggest challenges for retail real estate owners is measuring the sustainability performance of existing properties. Although some standards and tools exist that address portions of the shopping center environment (e.g. EnergyStar for Retail tenants), as an industry we lack a holistic tool designed to meet our unique needs.… Read More
Any way you measure it, Kimco’s energy savings efforts have achieved significant results in a short period of time. Since officially launching our corporate responsibility program in 2011, we have reduced same-site energy consumption within the company’s operational control by 15 percent.… Read More
Each year Kimco discloses information related to its environmental, social, and governance (ESG) performance through a range of vehicles, including our annual Corporate Responsibility Report and a variety of investor-driven questionnaires. A number of these disclosures are scored by third-party organizations and provide one benchmark for the company’s ESG performance.… Read More
Colleges and universities across the country play a vital role in educating tomorrow’s leaders about how we can protect our environment and enhance communities through sustainable business practices, and emerging career opportunities within this growing field.
I recently visited the University of Virginia’s Darden School of Business to share more about Kimco’s corporate responsibility efforts with first-year MBA students.… Read More
As any reader of our blog knows, Kimco is focused on promoting sustainability among our retail tenants, whether it’s through developing tailored energy management tips for retailers, partnering with Energy Star to promote tenant benchmarking and efficiency, or investing in research with EDF Climate Corps to better understand the barriers to tenant sustainability.… Read More
Over the past year, I’ve written and spoken about Kimco’s efforts to advance environmental sustainability among our retail tenants. Our motivations are simple: Improving the sustainability performance of our tenants can lower their total cost of occupancy; preserve scarce resources, such as energy and water; and enhance the overall value of Kimco’s shopping centers.… Read More
It’s November, and just around the corner is ICSC’s RetailGreen Conference. This year’s event will take place on Dec. 3 and 4 in Phoenix, and promises to be one of the best attended to date. In addition to a packed agenda filled with valuable speakers and networking sessions, the conference will be the global launch site of ICSC’s Property Efficiency Scorecard.… Read More
A growing number of institutional real estate investors, state and local governments, and other stakeholders are sharpening their focus on the sustainability performance of commercial properties. Two leading indicators of this trend are the rise in building energy benchmarking laws and the growth of the Global Real Estate Sustainability Benchmark (GRESB).… Read More
Kimco’s Corporate Responsibility program encompasses our efforts to 1) rethink our business in new and creative ways, 2) positively impact communities and individuals, and 3) address our environmental impacts.… Read More
Institutional investors globally have become increasingly interested in how their portfolio companies are practicing sustainability. Our investors and joint venture partners are no different.
Over the past several years, we’ve observed an increasing trend of requests for information on Kimco’s sustainability practices — including impacts such as energy consumption at our shopping centers and how our operational decisions are influencing our environmental and economic performance.… Read More
Two of Kimco’s properties, which are part of our corporate-wide sustainability program, were in the news lately. Our Bridgewater Promenade and Edgewater Commons shopping centers have powered up their new rooftop solar installations, which will supply an estimated 1.3 million kilowatt hours of clean, zero-emission power annually to the centers’ tenants.… Read More