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Corporate Responsibility

Children playing on lighted floor at shopping center.
quote
Our values, including the critical importance that we place on corporate responsibility, have been and always will be the foundation of who we are and what we do.”
Martin E. “Hap” Stein, Jr., Chairman and Chief Executive Officer

Corporate Responsibility Report

Regency’s Corporate Responsibility Report illustrates the Company’s Core Values in action, approach to corporate responsibility and key environmental, social, and governance initiatives.

This report follows the Global Reporting Initiative (GRI) Standards framework and has been prepared in accordance with the GRI Standards Core option.

PDF cover that says A Sustainable Foundation for Tomorrow Regency Centers 2018 Corporate Responsibility Report with the Regency Centers logo next to a collage of photos showing a group of Regency Employes and CEO shaking hands, a new Wegmans, a new Dailey Method, a new RAM, a Tesla supercharger, the outside of a Regency shopping center and an aerial view of another Regency shopping center.

A Sustainable Foundation for Tomorrow

Download Regency's 2018 Corporate Responsibility Report

Regency Centers Values

Our People

Regency’s objective is to maintain a high level of employee engagement with an overall score of 85% or greater while maintaining our award-winning benefits and wellness plans, and enhancing our focus on diversity.

Accomplishments include:

  • Recognition as one of the top organizations in the country for employee engagement at 87% – top three for the Company’s size – with the Employee Voice Award
  • Recipient of the First Coast Healthiest Companies Award for the 11th consecutive year, with five years of Platinum recognition for its commitment to employee health
  • Completion of nearly 11,000 hours of employee training and continuing education that provide direct access to leadership, professional development, 360-degree employee feedback and coaching, and internship programs
  • Further enhancement of a highly-competitive benefits package to include new parental and compassion leave policies
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Our Communities

Adhering to Regency’s core values and culture, our objective is to contribute to the betterment of communities through investment and philanthropic efforts. This includes a commitment to monetary donations as well as employees donating their time through volunteer hours annually.

Accomplishments include:

  • Long-standing partnerships with philanthropic organizations as well as corporate matching programs for employee-driven initiatives that promote the betterment of the community, represented by $1.4 million of employee and company-matched donations
  • The Regency Centers Fresh Look® initiative and its focus on bringing the best merchants to thoughtfully designed destinations, all while connecting the properties to our neighborhoods through positive community impacts
  • Development and redevelopment starts of nearly $200M, with projects that improve the neighborhoods we serve, contributing to a goal to start $1.25 billion of developments and redevelopments over the next five years
Collage of images including a Frozen event, painted mural, ribbon cutting, and rendering of a new development.

Ethics and Governance

Regency’s objective is to maintain best-in-class corporate governance with adherence to the highest ethical behavior and corporate oversight while continuing to achieve the highest overall scores from leading shareholder advisory firms.

Accomplishments include:

  • A commitment to ethical business practices and corporate oversight, resulting in a top ISS Governance Quality Score of 1
  • Execution of Board refreshment and diversity initiatives designed to increase the breadth and expertise of experience with 25% female representation and an improvement in average tenure to 8 years
  • Formalization of Board of Directors oversight of Regency’s Corporate Responsibility Program, with the Nominating and Governance Committee of the Board, now acting as the governing and oversight body of the Corporate Responsibility Committee
Collage of business professionals smiling at camera.

Environmental Stewardship

Regency’s objectives include a continued commitment to being good stewards of our environment while reducing our overall impact, represented by our renewed goals to reduce energy consumption, greenhouse gas emissions and waste, coupled with our focus on climate resiliency.

Accomplishments include:

  • Recipient of the GRESB Green Star for 4 consecutive years
  • Completion of solar arrays at 17 shopping centers, producing approximately 5,700-megawatt hours of clean and renewable power each year
  • Installation of 80 new Tesla level III chargers at one location, now tied for the largest Tesla Supercharger station in the nation
  • Continued implementation of water conservation initiatives, including high-efficiency irrigation systems now at over 130 shopping centers
  • Completion of a sea level rise analysis to support our commitment to climate change preparedness and resiliency that positions the Company for long-term success
Collage of images showing solar roof panels and electric vehicle charging stations.

Sustainability Reporting

For the past five years we have voluntarily participated in the Global Real Estate Sustainability Benchmark (GRESB), one of the most widely used sustainability disclosure frameworks for real estate companies. For the past three years, Regency has been awarded the Green Star designation from GRESB.

We believe that transparency is in the best interest of our company and we are committed to expanding the scope of our sustainability reporting.

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