greengenuity® is our commitment to do all that is practical to reduce our environmental impact in developing and operating shopping centers. We believe our commitment to greengenuity leads to better risk management and cost savings, improves our communities, encourages innovation, and is in the best interest of our shareholders.
This ongoing commitment can be seen through steady improvement in our sustainability performance in five key areas.
Green Building Certification
We are committed to seeking the highest environmental standards in our development and redevelopment program, including the U.S. Green Building Council's LEED program.
Since 2009, 60% of our development and redevelopment projects have sought LEED certification.* We currently have 18 LEED-registered projects, including seven that have received final certification, three more under construction, and eight in pre-development.
We have been a member of the U.S. Green Building Council for seven years and have been a leader in key industry associations supporting sustainable design for retail properties.
*Excludes projects < $5 million.
We are focused on improving the energy efficiency of our existing portfolio. Networked lighting controls, LED lighting, more efficient HID lamps and improved lighting fixtures are a few of the strategies we use.
We have completed energy-efficiency projects at 96 of our shopping centers, reducing our energy consumption by over 5.9 million kilowatt hours since 2010.
We are participating in the Department of Energy (DOE) Commercial Building Alliance program to help speed market adoption of energy-saving technologies and define cost-effective solutions to accelerate the adoption of energy-efficient retail buildings.
We are dedicated to conserving water. Our efforts have focused on water-efficient irrigation strategies, including the use of smart controllers that automatically adjust the irrigation schedule based on local weather conditions and other site related criteria.
We have implemented smart water management practices at 98 properties and reduced our water consumption by 401 million gallons since 2009. We have also increased our use of reclaimed and other sources of non potable water.
We are working with our waste haulers at our operating properties and in our development program to increase recycling and minimize the quantity of waste sent to landfills.
We have reused or recycled over 16,994 tons of Construction and Demolition (C&D) material since 2009.
We see value in renewable energy—such as wind and solar—and strive to incorporate their use whenever economically and technologically viable.
Our first solar energy system was installed at the Boston-area Shops at Saugus, generating 296,000 kilowatt hours of renewable energy in its first year. We have also purchased 2,600 Renewable Energy Certificates (RECs) or "off-sets".
Click here to see live monitoring of our solar array at the Shops at Saugus.
Learn more through greengenuity success stories.