Kimco recognizes our obligation to conserve natural resources and enhance the communities we serve. We strive to continuously improve our environmental performance by investing in technologies and implementing practices that will improve the efficiency of our operations, enhance tenant satisfaction, and strengthen the long-term value of our portfolio.
Key Initiatives
Kimco's key sustainability initiatives are summarized below:
Utility Management
Information is the key to developing a robust program to manage energy, water and other environmental impacts. Kimco has taken steps to collect, standardize and analyze performance data for our individual properties. We are implementing systems that provide both historical and real-time data on our performance, which will serve as the foundation for launching a variety of other initiatives that will reduce the environmental footprint of our retail shopping centers.
Common Area Lighting
Indoor and outdoor common area lighting is one of the largest drivers of energy use at retail shopping centers. A variety of technologies including improved lighting controls, lamps, and fixtures have emerged that can deliver substantial improvements in energy efficiency without compromising light quality. Kimco has installed improved lighting technologies at hundreds of properties, and is actively evaluating additional opportunities.
Cool Roofs
Building roofing materials can significantly impact the energy required to cool interior air during warmer months. A recent national laboratory report estimated the installation of white roof membrane materials can reduce cooling energy requirements by over 50%, as well as reducing the urban heat island effect and improving air quality. Kimco is incorporating cool roofing materials at our properties, resulting in significant energy savings by our retail tenants.
Onsite Energy Production
Through our wholly owned subsidiary, Center Sun LLC, Kimco develops onsite power production systems at commercial retail properties. Onsite power systems, in particular photovoltaic solar, are reliable sources of clean energy that can power retail tenants and common building areas while eliminating inefficiencies associated with grid power transmission. Center Sun developed solar systems at our North Brunswick, Holmdel Commons and Willowbrook Plaza properties and is actively evaluating additional sites for similar opportunities.
Integrated Waste Management
Through our waste management program, Kimco provides a low-cost opportunity for multiple tenants at a property to consolidate trash removal services with a single vendor. This program has a substantial impact on the number of vehicle miles driven to service the property, often reducing the number of trips by 60% or more and driving a significant reduction in greenhouse gas and other emissions
Smart Irrigation
Improvements to irrigation systems, including weather-based irrigation control units and more efficient water dispersion techniques, can result in a significant reduction in water use while maintaining the health and appearance of landscaping. Kimco is testing these technologies at a number of shopping centers, and is evaluating opportunities to further expand this initiative.
Pilot Properties
Kimco's real estate portfolio includes hundreds of shopping centers domestically and internationally. Because of our scale, property-level pilots are an effective approach to developing portfolio-level initiatives. Kimco is establishing a series of sustainability showcase properties that will serve as a testing ground for emerging technologies and practices such as advanced building controls, energy and water efficiency and clean energy production.
Successful technologies and practices will be evaluated for implementation across our broader portfolio of properties.
Kimco's first three showcase properties are:
>> Westlake Shopping Center - Daly City, CA
>> Mesa Riverview - Mesa, AZ
>> Plaza Centro - Caguas, PR
Additional detail on specific property results will be provided as information becomes available.
Will Teichman
Director of Sustainability
Property Management
T: (704) 362-6123
wteichman@kimcorealty.com
6060 Piedmont Row Drive South, Suite 200
Charlotte, NC 28287
Kimco is committed to maintaining the highest standards of ethics and integrity in its relationship with the company's Board of Directors, shareholders and other constituents, and in its business conduct, consistent with company values, and in compliance with both the letter and spirit of all applicable laws and regulations.
Corporate Governance Guidelines
Kimco's Corporate Governance Guidelines describe the Board of Directors' governance policies and practices, including standards for director independence, qualifications for Board and Board Committee membership, and the process for evaluations of the performance of the Board and
the CEO.
Click here to view Kimco's Corporate Governance Guidelines
