- The Enterprise
- The Recorder
Simon Property Group recently announced two awards recognizing its commitment to sustainability issues.
Washington, D.C.-area SPG properties include Bowie Town Center, The Fashion Centre at Pentagon City and St. Charles Towne Center in Waldorf.
For the second consecutive year, SPG has been recognized by the Carbon Disclosure Project with inclusion in its select Carbon Disclosure Leadership Index.
Once again, SPG was the only real estate company to be awarded the CDLI distinction, according to a company news release.
The index highlights companies in the S&P 500 Index that have displayed a strong approach to information disclosure regarding climate change.
Companies are scored on their climate change disclosure, and high scores indicate good internal data management and understanding of climate change-related issues affecting the company.
The CDP represents 655 institutional investors with $78 trillion in assets.
“Our goal is to be as transparent as possible, so it’s especially gratifying to be recognized once again for good information disclosure regarding climate change,” said George Caraghiaur, senior vice president of energy and procurement at SPG.
Paul Simpson, CEO of CDP, said, “Companies that make the Carbon Disclosure Leadership Index have demonstrated strong internal data management practices for the measurement of greenhouse gas emissions and energy use. This is vital to realizing greater efficiencies, protecting the business from risk and capitalizing on opportunities.”
SPG was also named a regional sector leader in retail by the Global Real Estate Sustainability Benchmark in its recently released 2012 report.
The report is based on sustainability data gathered from approximately 450 property companies and funds worldwide, providing aggregate information for 36,000 properties and representing $1.3 billion in global assets under management.