SITE Centers' control of electricity is generally limited to common and exterior areas of our properties due to tenant control and the open-air and suburban nature of our business. 81% of the Company's parking lot lighting has been upgraded to LED since 2018 providing more efficient lighting and improved visibility for our patrons, retailers, and communities. Additionally, 59% of our common-area lighting has been upgraded to LED to date. As a result of this initiative, the Company has seen a 25% decrease in landlord controlled electrical usage since 2019.
Sustainability
At SITE Centers, our focus on environmental, social, and governance initiatives is an essential part of our business strategy. We have an unwavering commitment to operating an ethical and sustainable business at every level of our company. Each investment we make allows us to implement our sustainable toolkit of initiatives that positions our employees, properties, and the Company for the future as we work to generate sustainable growth.
For additional information about our sustainability programs, please contact sustainability@sitecenters.com.
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16%
Reduction in like-for-like Water Consumption since 2019
25%
Reduction in like-for-like Electrical Consumption since 2019
90%
Participation in 2023 Employee Engagement Survey
GRESB Green Star
2023 Global Real Estate Sustainability Benchmark
In 2023, SITE received a Green Star rating from GRESB (Global Real Estate Sustainability Benchmark) for our property-level corporate responsibility and sustainability initiatives.
In 2023, GRESB issued an A rating to SITE for our public disclosure efforts around our corporate responsibility and sustainability efforts. SITE Centers rating exceeds the B average of the global GRESB universe.
Click here to learn more about GRESB.
Gold Green Lease Leader
In 2021, SITE Centers was recognized as a Gold Green Lease Leader by the Institute for Market Transformation and the U.S. Department of Energy’s Better Buildings Alliance. This is a three-year award valid until Spring 2025.
Weather-Ready Nation Ambassador
NOAA
The Weather-Ready Nation Ambassador initiative is an effort to formally recognize NOAA partners who are improving the nation’s readiness against extreme weather, water, and climate events. As a Weather-Ready Nation Ambassador, your organization is committing to work with NOAA and other Ambassadors to strengthen national resilience against extreme weather.
Click here for more information about Weather-Ready Nation.
Environmental
At SITE Centers, we take a proactive approach to sustainability by focusing on reducing our carbon footprint and waste at the property level. We have identified three key areas of focus to improve the environmental footprint of our assets including:
- Energy Efficiency of Our Properties
- Water Conservation
- Public and Green Transportation
Social
Community Engagement
SITE Centers is committed to making positive differences in the communities where we live and work. Our community involvement strategy is driven in large part by our employees’ interest and often takes place at the grassroots and local levels, where we feel we can make the biggest difference.
Our social programs are facilitated through many different outreach programs that forge partnerships with charitable organizations to reach those in need. At the core of this is our YOUnity program. This internal, employee-led program allows each of our employees to identify volunteer opportunities through a database of available organizations and allows for donation matching by the company. Each of our employees is also given two full days of paid volunteer time to achieve our objective of helping our communities through action.
As our Company continues to evolve, it is critical that we to strive to foster a workplace where each and every employee feels supported, included and empowered to fully engage. This is the focus of our employee-led group called SITE Helpers, which helps bring us together for a common purpose in unity, clarity and peace. The SITE Helpers acronym was derived from its key components: Humility, Empathy, Listening, Process, Education, Reconciliation, Support. The program focuses on education, talent development, and community outreach, and is an ever-evolving approach authentic to our SITE Centers team.