ESG
Integrating environmental sustainability, social responsibility, and robust governance practices into our business operations.
Our ESG Snapshot
At ShopCore, we are actively pursuing a sustainable future and recognize the vital role our people and properties play in conserving resources for both current and future generations. Our ongoing efforts focus on creating thriving communities and leveraging every opportunity to make a meaningful impact.
100% of properties are on Energy Star Portfolio Manager
100% of properties have completed benchmarking and compliance initiatives
Achieved Green Lease Leader Gold status
Achieved WELL Health-Safety certification at The Shops at Skyview
100% common area LED lighting
100% of properties are on Energy Star Portfolio Manager
100% of properties have completed benchmarking and compliance initiatives
Achieved Green Lease Leader Gold status
Achieved WELL Health-Safety certification at The Shops at Skyview
100% common area LED lighting
Why ESG Matters
We envision a world where solar panels on retail rooftops are the norm, our operations achieve zero waste and are fully powered by renewable energy, and our communities are actively engaged in initiatives like urban beekeeping and local farmers’ markets. Our goal is to create a future where every ShopCore team members see themselves represented in our leadership, our buildings contribute to public health and well-being, and we help CoreGiving achieve its mission of eliminating child hunger in the U.S.
When it comes to ESG, we strive to lead by example — excelling not only in our property operations but also in uplifting our people and communities. We’re committed to pioneering a carbon-neutral future in retail real estate. We understand that this mission requires collaboration, and we’re excited to partner with our stakeholders and peers to unlock new possibilities in the retail world.
Focusing on a Sustainable Future
To keep us on track for realizing our big-picture commitment to ESG, we intend to expand on our efforts with these actionable steps:
- Incorporate DEI into all company trainings
- Launch our supplier diversity program
- Contribute to CoreGiving’s goal of donating 20 million meals in 2024
- Deploy software program for ESG data
- Complete our first formal materiality assessment
- Respond to CDP annually
Environmental Responsibility
Embracing opportunities to reduce our carbon footprint, promote ecological balance, and preserve natural resources for future generations.
Our Emissions
The core of our business is a commitment to environmental sustainability, constantly seeking opportunities to innovate and improve. We collaborate with strategic partners to further our goals, reduce our carbon footprint, enhance financial health, and preserve the environment for future generations. Our key strategies to minimize our environmental impact include:
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Conducting annual greenhouse gas emissions inventory
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Generating on-site renewable energy
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Upgrading common area lighting to LED across 100% of our properties
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Implementing advanced building control and automation systems
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Installing Electric Vehicle (EV) charging stations
Our Properties
At ShopCore, we are open to opportunities to lead in sustainability and partner with our tenants to achieve shared sustainability goals. Recognizing the uniqueness of each property, we embrace creative solutions to advance our initiatives. Our strategies include:
- Benchmarking and tracking energy consumption using
- ENERGY STAR Portfolio Manager
- Implementing green leasing practices
- Piloting high-diversion material management programs
- Reducing water consumption
- Integrating sustainability into all business decisions
- Urban beekeeping
Social Responsibility
Fostering community well-being and sustainable growth through ethical conduct and innovative initiatives.
Our People
At ShopCore, our people are our greatest asset, and we foster a diverse and inclusive culture where everyone feels valued, included, and empowered.
Our Diversity, Equity, and Inclusion (DEI) Committee is dedicated to creating a supportive professional environment that embraces diversity and equity. Through our SEED program, we nurture the personal and professional growth of all women at ShopCore. Our Amplify mentor program aligns with our mission to develop and retain diverse talent across all levels of our organization.
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Our Communities
We are open to opportunities to give back and strengthen the communities our shopping centers serve. Partnering with our fellow portfolio companies, we support CoreGiving, a 501(c)(3) non-profit organization dedicated to ending childhood hunger in the United States.
We host charitable events at our properties, such as book swaps and school supply drives, and use our spaces to empower small and local businesses with growth opportunities. Additionally, we are developing a procurement process and supplier database to prioritize working with companies that value diversity, opportunity, and sustainability.
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Our Health and Wellbeing
Understanding the connection between sustainability and human health, we design our buildings to prioritize people and their wellbeing.
We proudly hold the International Well Building Institute’s WELL Health-Safety Rating, reflecting our commitment to maintaining high standards for safety and health. We also host events like farmers markets to enrich our communities’ social fabric and continually seek new ways to enhance the health and wellbeing of our tenants and communities.
Our Governance
At ShopCore, we are open to opportunities to align our governance with international market standards, ensuring global competitiveness and high transparency in reporting. We are dedicated to measuring, tracking, and reporting our environmental footprint, from carbon emissions and energy usage to waste generation and water consumption, as well as our social initiatives, including DEI progress and philanthropic activities.
In 2021, we completed our first third-party assured greenhouse gas emissions inventory for scopes 1, 2, and 3; published our inaugural TCFD- and GRI-compliant ESG report; submitted our first response to CDP; met all benchmarking and reporting requirements; and linked sustainability KPIs to employee bonuses.
Continuing this commitment in 2022, we established our first ESG Steering Committee. This committee unites ShopCore team leads and primary internal ESG stakeholders to build consensus on high-level ESG strategies and goals, make informed decisions, and execute our plans effectively, efficiently, and cohesively.