Regency's Approach to Corporate Responsibility
Regency's values, including the critical importance that we place on Corporate Responsibility, are the foundation of who we are and what we do. They drive us to implement leading environmental, social and governance (ESG) initiatives through our Corporate
Responsibility Program. Our Program is built on four pillars and guided by our focus on three overarching concepts: long-term value creation, our Regency brand and reputation and the importance of maintaining our culture.
At a Glance
In order to successfully own, operate and develop high quality shopping centers, Regency Centers engages with a wide variety of stakeholders to thoughtfully consider their needs and feedback. Our stakeholders, both internal and external, are crucial to
our success in achieving long-term value creation. Through our stakeholder engagement, we live our value that “we are better together”. When we listen to each other and our customers, we will succeed together.
|STAKEHOLDER GROUP||LEVEL OF ENGAGEMENT||ENGAGEMENT|
Shareholders, Bondholders and Lenders
Company goals and strategic objectives, performance and expectations. DEI, transparent disclosure, corporate governance, other ESG initiatives
DEI, health and safety, employee engagement, benefits and compensation, career development and training
Property performance and expectations, ESG initiatives
Tenant performance, tenant satisfaction, property maintenance, property health and safety, property efficiency and sustainable operations
Project-specific information, community interests and needs, curated merchandising, and placemaking
Understanding Stakeholders' Priorities
In 2020, Regency Centers undertook a materiality assessment to identify and understand what is most important to our stakeholders. This involved benchmarking material issues published by key stakeholders such as tenants and shareholders, as well as our
peers. We also reviewed key topics raised through our stakeholder engagement and outreach, then discussed and prioritized these with key internal and external stakeholders.
This matrix presents the topics considered to have the greatest impact on Regency by our stakeholders and allows us to understand their priorities.
Regency Materiality Matrix
Measuring the impact of Corporate Responsibility Topics on Regency
2020/21 Community Recognition
- An “A” ESG Rating from MSCI
- Assessed by Sustainalytics as having a low risk of material financial impacts from ESG factors, with a score in the 10th percentile for REITs.
- Inclusion in the 2021 Bloomberg Gender Equality Index
- Attainment of the highest score of “1” in the Environmental, Social and Governance ISS Quality Score
- Certification as a Green Lease Leader
- Named to the Management Top 250 by the Wall Street Journal
- Recipient of the First Coast Healthiest Companies Award for the 13th consecutive year, with seven years of Platinum recognition for our commitment to employee health.
- Achievement of a GRESB (Global Real Estate Sustainability Benchmark) Green Star for the sixth consecutive year and an “A” for public disclosure ranking 3rd among the comparison group