|One Hundred Percent of Simon Malls Now Recycle|
Simon's commitment to recycling is well established. In 2011 the company completed a 'Recycling Enhancement Plan' which resulted in the conversion of more than 70 compactors from trash to recycling and the diversion of an additional 6,000 tons of waste from landfills annually. Additionally, common area recycling containers were added to 40 centers, providing recycling access to shoppers. In all, Simon recycles over 58,000 tons of material annually and has increased its diversion rate by 25% over the past two years.
"The fact that every one of our enclosed properties is now recycling cardboard is an accomplishment that makes us proud," said
"Our leadership role in sustainability is a responsibility we don't take lightly," said
Simon's Commitment to Sustainability and Energy Efficiency
In addition to waste recycling, the company focuses on energy efficiency as a core sustainability strategy. Through the continued use of energy conservation practices, energy efficiency projects, and continuous monitoring and reporting, Simon has reduced energy consumption at comparable properties every year since 2003. As a result, excluding new developments and expansions, the company reduced the electricity usage over which it had direct control by 299 kWhs since 2003. This represents a 26% reduction in electricity usage across a portfolio of comparable properties and reflects significant operating savings. Simon's documented reduction in greenhouse gas emissions resulting from its energy management efforts is 210,000 metric tons CO2e.
In 2011, Simon was awarded NAREIT's Leader in the Light Award for the seventh consecutive year and NAREIT's Leader in the Light Long Term Achievement Award. Simon is the only company to have achieved the Leader in the Light distinction every single year since NAREIT launched the program in 2005. Simon was included in the 2011 Carbon Disclosure Leadership Index published by the
Les Morris, Simon Property Group, +1-317-263-7711, firstname.lastname@example.org or Rachel Mock, Edelman, +1-312-297-7567, email@example.com