Kimco has trimmed energy consumption by 18 percent since 2011
Publish Date: June 22, 2017
Kimco Realty has reduced its cumulative same-site energy consumption by 18 percent since 2011. The REIT, which operates 517 U.S. shopping centers comprising 84 million square feet of space, has achieved these reductions through utility management, lighting controls, reflective roofing, landscaping and irrigation management, electric vehicle charging, and corporate office improvements, among other initiatives, according to CEO Conor Flynn. “Over the past several years, we’ve been hard at work transforming Kimco’s business – reshaping our portfolio, cultivating new leaders from within, and establishing a 2020 Vision that will provide the strategic direction to deliver steady and sustainable growth for many years to come,” he said.
During the period, the firm diverted approximately a quarter of all operational waste (57,313 metric tons) from landfills or incinerators, produced 3,564 megawatt hours of solar energy, and completed 170 sustainable improvement projects for a total investment of $10.1 million.
Kimco also recently expanded board- and executive-level involvement in its corporate responsibility program, and has also published a comprehensive ESG (environmental, social and governance) policy to clearly articulate program governance to external audiences.