Simon Sustainability Report 2022

SIMON SUSTAINABILITY REPORT 2022

GREEN CERTIFICATIONS

Simon’s recognition by the Institute for Real Estate Management (IREM) for having multiple Certified Sustainable Properties demonstrates our commitment to efficient and environmentally conscious properties. The IREM ® Certified Sustainable Property (IREM CSP) is a prestigious sustainability certification that recognizes properties for exceptional, responsible management in green building performance. To earn the certification, a property must first meet key baseline requirements and then earn necessary points across energy, water, health, recycling, and purchasing categories. Tenants and residents increasingly associate environmental performance with quality, so obtaining the certification presents a prime opportunity to showcase quality, responsible real estate management.

The Mills at Jersey Gardens, ® New Jersey's largest outlet and value retail center with over 200 stores, has been a leader in environmental stewardship. In 2022, the property received the highest IREM score in the Simon portfolio, with a total score of 84. To reduce energy usage, the property has introduced energy-efficient lighting in the parking area, cool roofs, and on-site photovoltaic panels to generate sustainable energy. Ongoing training on energy management for the maintenance team and frequent meetings to discuss energy performance have also been implemented. As a result, energy usage has been reduced by 9.9% between 2018 and 2022. The property has also focused on conserving water by regularly checking for leaks, upgrading landscaping, and replacing existing plants with native vegetation. Where possible, water is reused to improve water efficiency. As a result of these efforts, water conservation has led to a reduction of 5,699 Mgal between 2018 and 2022. Waste management initiatives have also been implemented, including cardboard recycling and a third-party collection of grease from food court tenants. The property also participated in the “Where You Shop Matters” campaign for Earth Day 2022 to recycle shoes. These efforts showcase The Mills at Jersey Gardens’ dedication to sustainable practices and its commitment to reducing its environmental footprint.

The Mills at Jersey Gardens—Elizabeth (Metro New York), NJ

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ENVIRONMENT

CREATING SUSTAINABLE CENTERS

CUSTOMERS

COMMUNITIES

EMPLOYEES

APPENDIX

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