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Environmental

Strategy and Initiatives

Our environmental sustainability strategy is aligned with our overall business strategy and built upon three key components:
  • Development
    Achieve green building certifications, such as LEED, and implement sustainable development best practices in order to help foster long-term asset and company marketability, while minimizing negative environmental impacts.
  • Operations
    Improve the sustainability performance of our operating portfolio by pursuing initiatives that drive tangible environmental and economic benefits. Examples of current initiatives include LED lighting, roof-top solar photovoltaic, smart irrigation, and EV charging stations.
  • Stakeholder Engagement
    Engage with our key stakeholders to drive sustainability and business performance through innovative tenant and community engagement programs, and transparent disclosure of performance through formal sustainability reporting.

Goals

  • Energy: Reduce same-store energy consumption an average of 2% per year to achieve a cumulative reduction of 20% by 2021.
  • Greenhouse Gas Emissions: Reduce same-store greenhouse gas emissions an average of 2% per year to achieve a cumulative reduction of 20% by 2021.
  • Water: Reduce same-store water use an average of 1% per year to achieve a cumulative reduction of 10% by 2021.
  • Waste: Increase same-store waste diversion an average of 1% per year to achieve a cumulative reduction of 10% by 2025.
  • LEED Certification: Develop at least $250MM in LEED certified projects by 2017.

*Energy, Greenhouse Gas Emissions and Water goals use baseline year of 2011. Waste goal uses baseline year of 2015.

Performance

  • Energy: Since 2011, Regency has averaged a 3.9% annual reduction in our same-store energy consumption, and achieved a cumulative reduction of 15.7%.

  • Greenhouse Gas Emissions: Since 2011, Regency has averaged a 3.5% annual reduction in our same-store greenhouse gas emissions, and achieved a cumulative reduction of 13.9%.

  • Water: Since 2011, Regency has averaged a 4.1% annual reduction in our same-store water consumption, and achieved a cumulative reduction of 16.5%.
  • LEED Certification: Since 2009, we have completed 16 LEED certified developments and currently have 2 additional in-process projects pursuing LEED certification. In 2014, Regency pledged that its 10-year $250MM Green Bond would be allocated toward LEED certified projects or those actively pursuing LEED certification.

Energy, Greenhouse Gas Emissions, and Water goals are limited to areas where the company has "operational control," which is defined as operations for which the company has the full authority to introduce and implement its policies and practices.

Sustainability Reporting

For the past three years, we have voluntarily participated in the Global Real Estate Benchmark survey, one of the most widely used sustainability disclosure frameworks for real estate companies. We believe that transparency is in the best interest of our company, and we are committed to expanding the scope of our sustainability reporting as our program continues to evolve.

Regency's GRESB Survey Responses are available upon request at greengenuity@regencycenters.com

Green Bonds

Regency was the first U.S. REIT, and second U.S. corporation, to issue a Green Bond. Net proceeds of the $250 million issuance were used to fund the acquisition, construction, development or redevelopment of Eligible Green Projects.

Regency Centers reports on the use of proceeds:

Green Bond Use of Proceeds & Management Report

Success Stories

Solar Installation – Shops at Saugus

RENEWABLE ENERGY
Saugus, MA

LEED® Silver – Market at Colonnade

GREEN BUILDING CERTIFICATION
Raleigh, NC

LEED® Silver – Roscoe Square

GREEN BUILDING CERTIFICATION
Chicago, IL

Contact

Mark Peternell
Vice President of Sustainability

T  303 300 5331
E  MarkPeternell@RegencyCenters.com

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