Phillips Edison & Company Releases Annual Corporate Social Responsibility Report

CINCINNATI – (COMMERCIAL THREAD) –Phillips Edison & Company, Inc. (Nasdaq: CEEC) (“PECO”), one of the largest owners and operators of omnichannel, grocery store-anchored neighborhood shopping centers, today released its annual Corporate Social Responsibility (“CSR”) report for the year 2020 calendar. The report details the comprehensive CSR initiatives that PECO undertakes in various categories, including environmental responsibility, community engagement, diversity and inclusion, and associate engagement.

“The challenges of managing a global pandemic have served to strengthen our commitment to ESG and to function as a responsible corporate citizen in the communities we serve. CEEC. “I am especially proud of the PECO team who moved quickly to establish programs and introduce creative solutions to support our neighbors, customers and each other during a time of uncertainty. We continue to make significant progress in evolving our long-standing CSR initiatives, which have yielded results at all levels. It’s a clear example of how our culture of teamwork and innovation can make a difference, and we remain committed to moving those efforts forward. ”

Major CSR achievements include:

  • Named Top Place to Work by Enquirer Media for the fourth consecutive year.

  • Scored very well in its annual engagement survey, with 91% of associates saying they are proud to tell people where they work, compared to the national average of 80% rated by Qualtrics XM.

  • Presentation of PECO ConnectMT to help neighbors (what PECO calls its tenants) resist closures and disruption related to COVID-19. PECO ConnectMT including the Front Row to Go© curbside pickup program, neighbor rewards program, webinars, printable signage and more.

  • Parking lots and storefronts activated to serve as COVID-19 testing and / or vaccination facilities.

  • Diversity and inclusion efforts amplified through the Associate-led Multicultural Opportunities, Resources and Education (PECO MORE) initiative, leveraging internal marketing and events to raise awareness and awareness of important related topics such as implicit bias .

  • Advanced initiatives to promote gender equality through the Associate-led PECO NOW (Networking Opportunities for Women) program. Since its creation, the efforts of this group have made it possible to triple the number of women in management positions at PECO.

  • Creation of a Governance, Risk and Compliance Working Group (“GRC Working Group”) to promote better collaboration and efficiency between the different functional teams within PECO who focus on general issues of corporate governance, corporate risk management, ethics and compliance.

  • Hosted six Associate Wellness Challenges in 2020, with a focus on supporting associate mental health during the pandemic, earning them recognition as one of the Healthiest Employers in Ohio by Healthiest Employers.

  • Continued advancement of environmental sustainability initiatives, including:

    • Saved 7.2 million kilowatt hours thanks to improvements in exterior lighting, which represents an energy reduction of 82.4%. Improvements to interior lighting have reduced usage by 5.1 million kilowatt hours per year.

    • Upgrade of 2,360 tonnes of HVAC in 146 centers, generating savings of $ 2,456,200.

    • Installed a total of 11.15 million square feet of new white TPO (thermoplastic polyolefin roofing) projects.

    • Recycled over 27.2 million pounds, diverting 33% of waste and construction materials from landfills and equivalent to over 188,221 trees saved.

    • Installation of 36 charging stations for electric vehicles, for a total of 186 stations across the portfolio.

The full report can be downloaded by clicking on here.

About Phillips Edison & Company

Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”) is one of the largest owners and operators of neighborhood omnichannel grocery store malls. Founded in 1991, PECO has delivered strong results through its vertically integrated operating platform and nationwide presence of busy shopping centers. CEEC centers include a mix of national and regional retailers providing essential goods and services in fundamentally strong markets across the United States. PECO’s main grocery stores are Kroger, Publix, Albertsons and Ahold Delhaize. As of June 30, 2021, PECO manages 294 shopping centers, including 272 wholly-owned centers representing approximately 31 million square feet in 31 states and 22 shopping centers owned in two institutional joint ventures. PECO focuses exclusively on creating great omnichannel shopping experiences anchored in the grocery store and improving communities, one mall at a time. For more information, please visit www.phillipsedison.com.

PECO uses and intends to continue to use its investor website, which can be accessed at www.phillipsedison.com/investisseurs, as a means of disclosing material non-public information and to comply with its disclosure obligations under the FD Regulation.

Source link

Leave a Reply

Your email address will not be published.