Five REITs have been recognized for their efforts in corporate sustainability by the global environmental non-profit organization CDP, which named the companies to its 2020 Climate Change A List.
The REITs recognized were: Host Hotels & Resorts, Inc. (Nasdaq: HST); Macerich (NYSE: MAC); Prologis, Inc. (NYSE: PLD); Simon Property Group (NYSE: SPG); and Unibail-Rodamco-Westfield (Euronext: URW).
The A List showcases companies leading on environmental transparency and action, based on their annual disclosure through CDP’s climate change questionnaires.
Mike Lentz, EVP, development, design & construction and co-leader of Host’s corporate responsibility program, said the REIT was “thrilled to be one of only 53 U.S. companies on this year’s A List. This recognition reflects our focus on investing responsibly in solutions that mitigate climate change while enhancing the value of our portfolio.”
Ying Yu, Prologis' SVP of ESG, noted that “from the buildings we develop and operate to the customer-centric solutions we offer, environmental stewardship has been a foundational part of our success, and we are proud to make CDP's A List for the first time.”
Aharon Kestenbaum, head of sustainability at Simon, said the company’s focus in the years ahead “will be to expand our efforts by strengthening existing and developing more sustainable business practices.”