Brixmor Property Group's ESG Efforts Earn High Ratings From Multiple Organizations
Brixmor (NYSE: BRX) is a real estate investment trust (REIT) that owns and operates a high-quality, national portfolio of open-air shopping centers.
NEW YORK, Dec. 1, 2020 /PRNewswire/ -- Brixmor Property Group Inc. (NYSE: BRX) ("Brixmor" or the "Company") announced today it has been recognized by leading organizations for its commitment to environmental, social and governance ("ESG") excellence.
The Global Real Estate Sustainability Benchmark (GRESB) ranked Brixmor first among its peer group, and awarded Brixmor the distinction of four out of five Green Stars for outstanding performance in ESG disclosure. The Company has earned Green Star recognition in all three years of public participation in GRESB. GRESB's annual Real Estate Assessment includes evaluating performance against fourteen aspects through more than 50 performance indicators focused on environmental performance, risk management, and stakeholder engagement. The Company received nearly perfect scores in several areas including Reporting, Policies, Targets and Stakeholder Engagement and performed better than the peer group average in all Management Component aspects and the majority of Performance Component aspects.
In addition to the Green Star designation, Brixmor also earned an "A" rating in GRESB's Public Disclosure Score for the second year in a row. This score reflects the Company's excellence in its material ESG disclosures.
In November 2020, Institutional Investor magazine ranked the Company second among mid-cap REITs for the best financially material ESG disclosures and the communication of strategy and risk management amid Covid-19. Brixmor has also been recognized for its commitment to corporate governance and in June 2020, the Company was recognized as an industry leader by Green Street, ranking second among all public US REITs in Green Street's annual corporate governance rankings.
"We are honored to be recognized for our strong ESG practices, especially in this unprecedented year of challenges presented by COVID-19," said James Taylor, Chief Executive Officer and President. "Our purpose as a Company 'to be the center of the communities we serve' drives our commitment to sound environmental, social and governance practices and recognizes that the stakeholders we serve include our employees, our tenants, the consumers who support our tenants and our investors."
To view the Company's 2019 Corporate Responsibility report, please visit https://www.brixmor.com/why-brixmor/corporate-responsibility.
CONNECT WITH BRIXMOR
- For additional information, please visit www.brixmor.com;
- Follow Brixmor on:
- Twitter at https://twitter.com/Brixmor
- Facebook at https://www.facebook.com/Brixmor
- Instagram at https://www.instagram.com/brixmorpopupshop
- YouTube at https://www.youtube.com/user/Brixmor; and
- Find Brixmor on LinkedIn at www.linkedin.com/company/brixmor.
ABOUT BRIXMOR PROPERTY GROUP
Brixmor (NYSE: BRX) is a real estate investment trust (REIT) that owns and operates a high-quality, national portfolio of open-air shopping centers. Its 395 retail centers comprise approximately 69 million square feet of prime retail space in established trade areas. The Company strives to own and operate shopping centers that reflect Brixmor's vision "to be the center of the communities we serve" and are home to a diverse mix of thriving national, regional and local retailers. Brixmor is a proud real estate partner to approximately 5,000 retailers including The TJX Companies, The Kroger Co., Publix Super Markets, Wal-Mart, Ross Stores and L.A. Fitness.
Brixmor announces material information to its investors in SEC filings and press releases and on public conference calls, webcasts and the "Investors" page of its website at www.brixmor.com. The Company also uses social media to communicate with its investors and the public, and the information Brixmor posts on social media may be deemed material information. Therefore, Brixmor encourages investors and others interested in the Company to review the information that it posts on its website and on its social media channels.
SAFE HARBOR LANGUAGE
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements include, but are not limited to, statements related to the Company's expectations regarding the performance of its business, its financial results, its liquidity and capital resources and other non-historical statements. You can identify these forward-looking statements by the use of words such as "outlook," "believes," "expects," "potential," "continues," "may," "will," "should," "seeks," "approximately," "projects," "predicts," "intends," "plans," "estimates," "anticipates" or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties, including those described under the sections entitled "Forward-Looking Statements" and "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2019 and the Company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2020, as such factors may be updated from time to time in our periodic filings with the SEC, which are accessible on the SEC's website at www.sec.gov. Currently, one of the most significant factors that could cause actual outcomes to differ materially from forward-looking statements is the adverse effect of the current pandemic of the novel coronavirus, or COVID-19, on the financial condition, operating results and cash flows of the Company, the Company's tenants, the real estate market, the global economy and the financial markets. The extent to which the COVID-19 pandemic continues to impact the Company and its tenants will depend on future developments, which are highly uncertain and cannot be predicted with confidence, including the scope, severity and duration of the pandemic, the speed and effectiveness of vaccine and treatment developments, the direct and indirect economic effects of the pandemic and containment measures, and potential changes in consumer behavior, among others. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this release and in the Company's filings with the SEC. The Company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.
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SOURCE Brixmor Property Group Inc.
