JACKSONVILLE, Fla.--(BUSINESS WIRE)--
Regency Centers Corporation (“Regency” or the “Company”), a national owner, operator, and developer of grocery-anchored shopping centers, has achieved its 10-year reduction targets for energy and water consumption, as well as greenhouse gas emissions, five years ahead of schedule. Regency’s reduction targets are focused on areas within its operational control, and were based on industry-leading benchmarks, including the Department of Energy’s Better Buildings Challenge:
- Energy: Reduce same-store energy consumption 20% by 2021
- Emissions: Reduce same-store greenhouse gas emissions 20% by 2021
- Water: Reduce same-store water use 10% by 2021
Regency set its 10-year sustainability goals in 2011 and has exceeded all targets five years early by making the following reductions:
- Energy consumption reduced by 21.4%
- Greenhouse gas emissions reduced by 29.8%
- Water use reduced by 12.9%
To accomplish these goals, and to support environmental sustainability within the communities, Regency has made significant investments to improve its environmental performance. Since launching a formal sustainability program in 2008, Regency has:
- Certified 16 development projects – totaling over one-million square feet of retail space – under the U.S. Green Building Council’s Leadership in Energy and Environmental Design (LEED) program
- Installed high-efficiency irrigation systems at over 130 properties located in drought-stricken and water-stressed regions
- Converted 86 properties’ exterior lighting to high-efficiency and DarkSky™ compliant LED fixtures
- Developed over 1MW of clean, renewable photovoltaic solar power
- Issued a $250 million Green Bond, the first for a U.S. real estate investment trust, and second for a U.S. corporation
- Received the Green Star accolade for two consecutive years from the Global Real Estate Sustainability Benchmark (GRESB)
“Regency’s attainment of these goals, and track record of environmental excellence, demonstrate our position as an industry-leader,” said Lisa Palmer, President and CFO of Regency Centers. “As we look forward, we will continually set new goals to raise the bar for excellence in environmental performance across our portfolio.”
Regency is committed to being an industry leader in sustainability and continually improving performance. This commitment supports achieving key strategic objectives, better risk management, community improvement, stakeholder relations, and is in the best interest of shareholders. To learn more, please visit www.regencycenters.com/regency/sustainability.
About Regency Centers Corporation (NYSE: REG)
Regency is the preeminent national owner, operator and developer of neighborhood and community shopping centers. The Company’s portfolio of 429 retail properties encompasses more than 57 million square feet, is primarily anchored by productive grocers and is located in affluent and infill trade areas in the country’s most attractive metro areas. Regency has developed 225 shopping centers since 2000, representing an investment at completion of more than $3.5 billion. Operating as a fully integrated real estate company, Regency is a qualified real estate investment trust that is self-administered and self-managed, and a member of the S&P 500 index.
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