RPT Realty publishes its 2021 sustainability report

NEW YORK, July 18, 2022 (GLOBE NEWSWIRE) — RPT Realty (NYSE: RPT) (“RPT” or the “Company”) today announced the release of its second annual Corporate Sustainability Report. The report details RPT’s strategy and performance in the areas of environmental, social and governance (ESG) and demonstrates the company’s commitment to being a disciplined steward of ESG principles through transparent, consistent reporting. and reliable on our plans and our continued progress. The report can be viewed on the Corporate Responsibility page of the RPT website.

“RPT continues to make great strides in its ESG initiatives, as reflected in our second annual Corporate Sustainability Report,” said Brian Harper, President and CEO. “By achieving our corporate goal of turning business ground into common ground, we believe we can create a sustainable business model that creates value for all of our stakeholders for years to come.”

Environmental Highlights

  • Reduced electricity consumption in 2021 in owner-controlled areas by 10.7%, compared to 2018, positioning us to reach our target of 25% by 2026
  • Saved nearly 35 million gallons of water in 2021, compared to 2019; more than double our target
  • Diverted 20% of shopping center waste controlled by landlords from landfill, giving us the momentum to reach our goal of 35% by 2023
  • Achieved Gold level award as Green Lease Leader

Social Highlights

  • 98% of respondents to employee engagement survey think RPT is a great place to work
  • Had a voluntary turnover rate of only 11% in 2021, lower than national averages
  • Employees volunteered virtually and in person for numerous causes and organizations, donating $40,000 through individual donations and corporate matching funds
  • Implemented a number of strategies to recruit and attract a more diverse candidate pool, resulting in a 5% year-over-year increase in racial and ethnic diversity of the TCN workforce

Governance Strong points

  • ESG objectives have been considered part of the subjective executive performance component of the 2021 annual incentive program and will be an even larger and distinct component of the annual bonus opportunity for RPT’s appointed senior executives in 2022
  • Implemented an enterprise risk management program to govern RPT’s operational, financial and legal risks

Recognition Highlights

  • Crain Strait: cool places to work in 2021
  • 2021 Best Moguls by GlobeSt Real Estate Forum
  • Top Work Places 2021 Detroit Free Press
  • 2021 NYC’s Healthiest Employers
  • 2021 Best and Brightest in Wellness (9th consecutive year)

About RPT Realty

RPT Realty owns and operates a national portfolio of outdoor shopping destinations primarily located in major US markets. The Company’s shopping malls provide diverse and local consumer experiences that reflect the lifestyles of surrounding communities and meet the modern expectations of the Company’s retail partners. The Company is a fully integrated, self-administered REIT listed on the New York Stock Exchange (the “NYSE”). The Company’s common shares, with a par value of $0.01 per share, are listed and traded on the NYSE under the symbol “RPT”. As of March 31, 2022, the Company’s real estate portfolio (the “Global Portfolio”) consisted of 47 wholly-owned shopping centers, 10 shopping centers owned through its anchored grocery joint venture and 40 retail properties owned through its net rental joint venture, which together account for 14.6 million square feet of gross leasable area. As of March 31, 2022, the Company’s share in the overall portfolio was 93.2% leased. For more information about the company, please visit rptrealty.com.

Company Contact:

Alyssa Dart, Director of Communications and Brand Strategy
19 W 44th St. 10th Floor, Suite 1002
New York, New York 10036
[email protected]
(212) 221-1415

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