NEW YORK, Oct. 7, 2019 /PRNewswire/ -- Brixmor Property Group Inc. (BRX) ("Brixmor" or the "Company") announced today it has been recognized by leading organizations for its commitment to environmental, social and governance ("ESG") excellence following the publication of its inaugural Corporate Responsibility Report in June 2019.
The Global Real Estate Sustainability Benchmark (GRESB) awarded Brixmor Green Star recognition for outstanding sustainability performance in the Company's second full year of ESG disclosure. GRESB's annual Real Estate Assessment includes evaluating performance primarily against seven aspects through more than 50 performance indicators such as energy consumption, GHG emissions, water consumption and waste. The Company exceeded prior year performance in nearly all GRESB aspects with perfect scores earned in Policy & Disclosure and Risks & Opportunities.
In addition to the Green Star designation, Brixmor also earned an "A" rating in GRESB's Public Disclosure Score which is a unique tool that measures material sustainability disclosures by approximately 450 listed property companies and REITs globally.
Brixmor has also been recognized for its commitment to corporate governance. The Company was recognized as an industry leader by Green Street Advisors, ranking first among all public US REITs in Green Street's annual corporate governance rankings. In addition, ISS Corporate Solutions awarded the Company top scores for its Governance polices.
"We are grateful to be recognized for our leadership in ESG practices that we believe deliver sustainable value for our stakeholders," said James Taylor, Chief Executive Officer and President. "As we continue to transform our centers into the centers of the communities we serve, we will maintain our relentless focus on responsible environmental, social and governance practices."
To view the Company's 2018 Corporate Responsibility report, please visit https://www.brixmor.com/why-brixmor/corporate-responsibility.
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ABOUT BRIXMOR PROPERTY GROUP
Brixmor (BRX) is a real estate investment trust (REIT) that owns and operates a high-quality, national portfolio of open-air shopping centers. Its 421 retail centers comprise approximately 73 million square feet of prime retail space in established trade areas. The Company strives to own and operate shopping centers that reflect Brixmor's vision "to be the center of the communities we serve" and are home to a diverse mix of thriving national, regional and local retailers. Brixmor is a proud real estate partner to approximately 5,000 retailers including The TJX Companies, The Kroger Co., Publix Super Markets, Wal-Mart, Ross Stores and L.A. Fitness.
SAFE HARBOR LANGUAGE
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements include, but are not limited to, statements related to the Company's expectations regarding the performance of its business, its financial results, its liquidity and capital resources and other non-historical statements. You can identify these forward-looking statements by the use of words such as "outlook," "believes," "expects," "potential," "continues," "may," "will," "should," "seeks," "approximately," "projects," "predicts," "intends," "plans," "estimates," "anticipates" or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties, including those described under the sections entitled "Forward-Looking Statements" and "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2018, as such factors may be updated from time to time in our periodic filings with the SEC, which are accessible on the SEC's website at www.sec.gov. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this release and in the Company's filings with the SEC. The Company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.
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