Kimco Realty Launches Corporate Responsibility Website
Site highlights Kimco's efforts in giving back to both the community and the environment
NEW HYDE PARK, N.Y.--(BUSINESS WIRE)-- Kimco Realty Corp. (NYS: KIM) , the nation's largest owner and operator of neighborhood and community shopping centers, has launched a corporate responsibility website for tenants, investors and consumers to learn about the company's stewardship activities and how they benefit the wider community. Through the website, Kimco will spotlight initiatives that positively impact its customers and tenants, reduce its environmental footprint, improve operational efficiencies, and create new value opportunities.
The site focuses around four key fundamental principles:
1. REthink Business: details Kimco's efforts to create new sources of value, and address issues of concern to the industry
2. REnew Community: describes Kimco's community-building and employee volunteer efforts
3. REstore Environment: outlines Kimco's environmental sustainability initiatives
4. REsources: provides formal reporting, alliances and partnerships, and policies
Kimco has invested in multiple corporate responsibility initiatives over the past few years. These include implementing a utility management program to monitor resource use and reduce expenses at individual centers; pioneering landlord-installed solar panels at shopping centers to reduce tenant energy costs; developing a lighting control system that reduces parking lot electric consumption by 25 percent; and partnering with the International Council of Shopping Centers to develop a first-of-its-kind Property Efficiency Scorecard.
In addition to highlighting program initiatives and milestones, the website will provide visitors with an interactive experience through video and links to Kimco's corporate blog and Twitter feed (@KimcoCR).
"We developed the site to create a dedicated forum for stakeholders to learn about our corporate responsibility program and the successes that we've had to date," said Will Teichman, Director of Sustainability at Kimco Realty. "In the past few months, many stakeholders have inquired about what Kimco was doing in the corporate responsibility arena. Most were happily surprised to learn that we were doing so much, but asked why we weren't sharing our story in a more public way. This new site gives us an ideal platform to share our sustainability successes while establishing the forward momentum, purpose, and accountability needed to achieve our future vision."
Kimco Realty Corp. (NYS: KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that owns and operates North America's largest portfolio of neighborhood and community shopping centers. As of September 30, 2012, the company owned interests in 922 shopping centers comprising 135 million square feet of leasable space across 44 states, Puerto Rico, Canada, Mexico, and South America. Publicly traded on the NYSE since 1991, and included in the S&P 500 Index, the company has specialized in shopping center acquisitions, development, and management for 50 years. For further information, visit the company's web site at www.kimcorealty.com, its blog at blog.kimcorealty.com, or follow Kimco on Twitter at www.twitter.com/kimcorealty.
Kimco Realty Corporation
David F. Bujnicki, 1-866-831-4297
Vice President, Investor Relations and Corporate Communications
KEYWORDS: United States North America New York
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