SIMON SUSTAINABILITY REPORT 2022
WORKING WITH LOCAL AND RESPONSIBLE VENDORS We work with many local suppliers across the country, from cleaning and maintenance to construction and security vendors. In 2022 alone, we spent over $650M in our communities by working with local suppliers. In 2021, Simon completed and made public its Suppliers Code of Conduct. This policy outlines the minimum criteria that all suppliers and subcontractors working with Simon must meet. All suppliers are strongly encouraged to exceed Simon’s guidelines and promote continuous improvement throughout their operations. The Suppliers Code of Conduct includes the following sustainability requirements for all suppliers:
ENVIRONMENTAL ASPECTS
SOCIAL ASPECTS
GOVERNANCE ASPECTS
Suppliers have a responsibility to reduce their environmental footprint and select products with minimal impact. They should collaborate with Simon to identify any products that could harm the environment at the shopping center. Additionally, suppliers must implement measures to eliminate hazardous substances and encourage the use of safer alternatives, whenever possible.
Suppliers are expected to meet health and safety requirements for employees, upholding standards of labor conditions including fair wages, benefits, and working hours, as well as not engaging with any child and/or forced labor. Suppliers shall also provide equal employment opportunities to all qualified candidates and employees.
Suppliers need to meet standards regarding conflicts of interest and related party transactions, anti-corruption/anti- bribery clauses, data privacy and security, and anti-money laundering and counter- terrorist financing.
The full Suppliers Code of Conduct is available on our Corporate website here.
PROCURING SUSTAINABLE PRODUCTS We also have a Sustainable Purchasing Policy in place that provides guidance on the inclusion of environmental and social considerations into the procurement of products and services. Simon recognizes its responsibility to minimize negative impacts on human health and the environment. Simon also understands that the types of products and services it buys have inherent social, human health, environmental, and economic impacts, and that it should make procurement decisions that embody Simon’s commitment to sustainability.
This Sustainable Purchasing Policy is intended to: ■ Communicate Simon’s commitment to sustainable purchasing to its employees, ■ Complement and support implementation of Simon’s sustainability goals and policies, and, ■ Empower employees to be innovative and demonstrate leadership by considering sustainability benefits when making purchasing decisions.
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COMMUNITIES
CUSTOMERS
CREATING SUSTAINABLE CENTERS
ENVIRONMENT
EMPLOYEES
APPENDIX
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