M
acerich, a leading owner and operator of major retail properties in top US markets, has secured its tenth consecutive #1 ranking among all US retail companies in the GRESB Real Estate Assessment. This achievement solidifies Macerich's position as an industry leader in sustainability practices and performance. The company earned the prestigious GRESB Green Star rating based on absolute performance and ranked third in Retail, Americas.
"We're honored to receive this recognition of our progress," said Olivia Bartel Leigh, Executive Vice President of Portfolio Operations and People at Macerich. "As we operate thriving retail centers that bring communities together, we take pride in continuing to set the standard for sustainability in our industry." Macerich's focus on double materiality measures its sustainability efforts by their ability to deliver a positive financial impact.
The company has implemented various sustainability initiatives aimed at improving long-term operational performance and achieving net-zero carbon emissions by 2040. These efforts have earned Macerich recognition among Newsweek's "America's Most Responsible Companies" and ranking #23 on the EPA Green Power Partnership On-Site Generation list for solar generation.
GRESB CEO Sebastien Roussotte noted, "The progress reflected in this year's GRESB Benchmark is inspiring. Our members continue to lead the way, demonstrating the tangible benefits of strong ESG performance." The GRESB Real Estate Assessment measures and benchmarks global assets' ESG performance against their peers, providing financial markets with comparable insights on complex sustainability topics.
For more information about Macerich's comprehensive ESG focus, please review the company's most recent Corporate Responsibility Report or visit its corporate responsibility website.
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