{"id":12412,"date":"2024-09-17T19:04:27","date_gmt":"2024-09-18T00:04:27","guid":{"rendered":"https:\/\/1reason.com\/re\/macerich-releases-2023-corporate-responsibility-report\/12412\/"},"modified":"2024-09-18T14:04:27","modified_gmt":"2024-09-18T19:04:27","slug":"macerich-releases-2023-corporate-responsibility-report","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/macerich-releases-2023-corporate-responsibility-report\/12412\/","title":{"rendered":"Macerich Releases 2023 Corporate Responsibility Report"},"content":{"rendered":"<div>    <\/p>\n<p>This year\u2019s \u201cTogether for Tomorrow\u201d theme emphasizes the company\u2019s environmental sustainability, social and governance efforts in service of its mission of owning and operating thriving retail centers that bring communities together and create long-term value for shareholders, partners and customers.<\/p>\n<p>\u201cOur \u2018Together for Tomorrow\u2019 approach to corporate responsibility, highlighted in this year\u2019s report, encompasses not only our environmental leadership in our industry, but our laser focus on delivering material social and financial outcomes,\u201d said Olivia Bartel Leigh, Macerich Executive Vice President, Portfolio Operations and People. \u201cWe will continue to prioritize sustainability efforts that demonstrate our stewardship of both natural resources and financial resources, as well as social initiatives that enhance the communities Macerich serves.\u201d<\/p>\n<p>This year\u2019s report unveils new, ambitious targets that redefine Macerich\u2019s environmental goals and exceed the company\u2019s initial commitment to achieve carbon neutrality by 2030. On track for that goal, Macerich has unveiled its second-step goal: to achieve full net-zero emissions, including in its supply chain, by 2040.<\/p>\n<p>Highlights of Macerich\u2019s 2023 corporate responsibility engagement include:<\/p>\n<ul type=\"disc\">\n<li style=\"margin-bottom:6pt\">34% percent of the portfolio\u2019s energy consumption derived from clean electricity<\/li>\n<li style=\"margin-bottom:6pt\">#23 on the EPA Green Power Partnership On-Site Generation list for solar generation<\/li>\n<li style=\"margin-bottom:6pt\">#1 ranking in Retail, Americas\/Rated A for Disclosure in the 2023 GRESB Real Estate Assessment (ninth straight year Macerich has ranked #1 in the U.S. Retail: Retail Centers sector)<\/li>\n<li style=\"margin-bottom:6pt\">2,300+ community events hosted at Macerich properties<\/li>\n<li style=\"margin-bottom:6pt\">433 unique organizations supported through volunteerism and giving<\/li>\n<li style=\"margin-bottom:6pt\">Among America\u2019s Most Responsible Companies as ranked by Newsweek<\/li>\n<\/ul>\n<p>To learn more about Macerich\u2019s leadership in sustainability, <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=HTuXdzIzpu00pA2Pb5fT4BO1luLp-7W4iUd3z2OHfQQ38mk3lrP2zcfXJZ3MeI4F6Mr-iwZGQF0VxMCXWujYkaokaQYj2oIgx4ZadXXeId6gtYA-lQAgMOTcdk_l4M71ziEnldPWzofxXhZnjuIzEe_zhV1sE1QbqYf9jG1f8snHrXfRuYRHNiXQVmd4FJE_\" rel=\"nofollow noopener\" target=\"_blank\" title=\"please review the full Macerich Corporate Responsibility Report\">please review the full Macerich Corporate Responsibility Report<\/a>, with data for the period ending December 31, 2023.<\/p>\n<p align=\"center\"><img loading=\"lazy\" alt=\"MAC_CRRCover\" height=\"400\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" width=\"600\" class=\"lazyload\" data-src=\"https:\/\/ml.globenewswire.com\/Resource\/Download\/5f0ea290-cf7a-4d20-bfd7-15531bdd6df9\/mac-crrcoverphotoedits-lowres.jpg\"><\/p>\n<p><strong>About Macerich<\/strong><\/p>\n<p>Macerich is a fully integrated, self-managed and self-administered real estate investment trust(REIT). As a leading owner, operator and developer of high-quality retail real estate in densely populated and attractive U.S. markets, Macerich\u2019s portfolio is concentrated in California, the Pacific Northwest, Phoenix\/Scottsdale, and the Metro New York to Washington, D.C. corridor. Developing and managing properties that serve as community cornerstones, Macerich currently owns 44 million square feet of real estate consisting primarily of interests in41retail centers. Macerich is firmly dedicated to advancing environmental goals, social good and sound corporate governance. A recognized leader in sustainability, Macerich has achieveda#1 Global Real Estate Sustainability Benchmark (GRESB) rankingforthe North American retail sector fornine consecutive years (2015-2023). For more information, please visit<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ffm8oneNp_wZvEg3EWBi-eNeLF2leJYPJm3YX3BvleEi9HLFH7V-p5ttb74efnaTevmejxNWba4IcoVZCv6dEk-kImTnKJbYuH-xhiqQ-ZlzSeBD5Js_wH4ExbHTJ_DnFA-Ke6Est4qu_6wsv4R8MYTyFRHHSVJ5b_z5OU_YRMLQwc9td1_dOBuakmvFCYrI28ZY3b-TIca9F9NZBDpnh738II87LYxjb4qJd59jb9Mh1koEBcTYo8iC-UDctiExdmMZJi5iKMLvI8w2gf0W9gv59n093x83QUh8SzX0KprTR0_v65R66wgretyUoJBFMpNUXJ-TaRAHIQVC2Q8eMTfPOEbcqaWSDkGjZ-J6FoNbHm7Ert3K3NhS4Ti42bEFK3xsY8HW_r-m7plImLmWeC-i0a4KlchRbAmSBYqajYqnajRXz-8HamiI5q9XAhVu4NsX0MF3dFz4iG5yInkfh32GqBkdErb7DomdOy9qB0gegLwkwsGuQZm0LaoCBSMhYOdwa8ILwP8TS_wMEjNlazmrBSAx3Z5r2_MQdZDfVKRsNmmYGWGutpftBW6eqBt1EgsJQZa1oZw2S7u4DyGA2J1sM0N3-h77m4qVylMpjCUSaCZQkhKMXVkYPH0MoJaV94IB0CQs6QqiokXBuvkmmg==\" rel=\"nofollow noopener\" target=\"_blank\" title=\"www.Macerich.com\">www.Macerich.com<\/a>.<\/p>\n<p>Macerich uses, and intends to continue to use, its Investor Relations website, which can be found atinvesting.macerich.com, as a means of disclosing material nonpublic information and for complying with its disclosure obligations under Regulation FD. Additional information about Macerich can be found through social media platforms such as LinkedIn. Reconciliations of non-GAAP financial measures, including NOI and FFO, to the most directly comparable GAAP measures are included in the earnings release and supplemental filed on Form 8-K with the SEC, which are posted on the Investor Relations website at<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=4pPfdorW1XNTmZifXR6dT6hD__8O81xQ2pfRvKLdiYt2Bu2DtQDCafe-Q5igTJgRt6tVFV6qCykHhcEfB6-j4-0Ce6PjDg7ozN7vVKnFK8o=\" rel=\"nofollow noopener\" target=\"_blank\" title=\"investing.macerich.com\">investing.macerich.com<\/a>.<\/p>\n<p align=\"left\">MAC-C<br \/>SOURCE: Macerich <br \/>MEDIA CONTACT: Madison Chugden, Macerich, 985-789-3793, Website: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Z1SMGNu8ypIBm-3GaakSNPNkJ0lLXy7czN46lo03Yf8Itq7q6Os0dPBDSpl4DANyojniG8ElHRk9wAsgCFUffpKaA5sv2cQvJIiV5t8W768=\" rel=\"nofollow noopener\" target=\"_blank\" title=\"\">http:\/\/www.macerich.com<\/a><\/p>\n<p>A photo accompanying this announcement is available at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=S9XUBRR8HztNHV4_iaEpars0MOfzAKpebaZLjbMbyJczjY_qISJdXbkdxRhF71Qo7wvsX5aBlcgignXSSHX9g60dRmUPGHA6lp-5iNGmWdp7Iq1YjFJ9zLyN1b_TRSNIsxW3uoUzqwoUkueJzNu97c1wzrdDnMQ0D6XTgn8sAjgkZDjUoIPUpuSm4-LwLoqVo3FgTWPDF21wZTopOk8JipyoEFScksri_AKx6MN31QQO7jPqCMerdUGXc0QyLw9AeShOD05JBhNEh3kKE5r8Mg==\" rel=\"nofollow noopener\" target=\"_blank\" title=\"\">https:\/\/www.globenewswire.com\/NewsRoom\/AttachmentNg\/5f0ea290-cf7a-4d20-bfd7-15531bdd6df9<\/a><\/p>\n<p><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" class=\"lazyload\" data-src=\"https:\/\/ml.globenewswire.com\/media\/MGI4YmZkZTgtMDE3NS00YjYzLTk5YzAtZGIxYmRhN2NlN2M5LTEwMTU0NDI=\/tiny\/Macerich-Company.png\"><\/div>\n","protected":false},"excerpt":{"rendered":"<div>\n<p>Report marks 15 years of industry-leading sustainability strategy by leading retail real estate company<\/p>\n<p align=\"left\">SANTA MONICA, Calif., Aug. 15, 2024 (GLOBE NEWSWIRE) &#8212; Macerich (NYSE: MAC), one of the nation&#8217;s leading owners, operators and developers of major retail properties in top markets, today released its 2023 Corporate Responsibility Report, with data for the period ending December 31, 2023.<\/p>\n<\/div>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":[],"categories":[11],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/12412"}],"collection":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/comments?post=12412"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/12412\/revisions"}],"predecessor-version":[{"id":12510,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/12412\/revisions\/12510"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=12412"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=12412"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=12412"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}