Advertisement
12/15/2020

Westfield, Simon, and Macerich make climate change ‘A List’

Al Urbanski
Real Estate Editor & Manager
Al Urbanski profile picture
Macerich's redeveloped Broadway Plaza in Walnut Creek, Calif.

As all owners of shopping centers endeavor to present customers best practices for hygiene and sanitation, three leaders in retail real estate have won top grades for advancing global climate change.

Unibail Rodamco Westfield, Macerich, and Simon Property Group have made the annual climate change “A List” compiled by CDP, a non-profit disclosure system for investors, companies, cities, and regions to manage their environmental impacts. CDP maintains offices in 50 cities worldwide.

"We are thrilled that our commitments to climate action and transparency in reporting are being recognized," said Aharon Kestenbaum, head of sustainability at Simon. "Our focus in the years ahead will be to expand our efforts by strengthening existing and developing more sustainable business practices."

The three big mall owners were recognized for actions taken in cutting emissions, mitigating climate risks, and developing low-carbon procedures.

Of the nearly 6,000 companies rated by CDP this year, just 270 made the climate change “A-List.” Others included Walmart, L’Oreal, Philip Morris, Hanesbrands, PepsiCo, Levi Strauss, Apple, and Ingka Holding, the parent company of Ikea.