ESG Goals

Kimco has established a series of comprehensive five and ten-year goals that guide the company's environmental, social impact, and governance (ESG) strategy and build upon our industry-leading achievements in these areas to date.

Sixteen goals have been established, including a Paris-aligned emissions reduction target, a commitment to $1 million in annual corporate giving, and a pledge to increase diversity in management.

Communicate openly with stakeholders

  1. Regularly engage with key stakeholders and annually report relevant ESG information in alignment with leading ESG disclosure standards.

Embrace the future of retail

  1. Construct or entitle at least 12,000 residential units by 2025, as part of our effort to create quality mixed-use live-work-play environments.
  2. Establish Curbside Pickup infrastructure at 100% of all qualified locations by 2025.
  3. Establish dedicated space for the activation of outside common areas at 20% of properties by 2030.
  4. Establish low-carbon transportation infrastructure at 25% of properties by 2025.

Engage tenants and communities

  1. Maintain an average tenant satisfaction rate of at least 80%.
  2. Give $1 million annually in cash and in-kind contributions to support small businesses and charitable causes in the communities in which we operate.

Lead in operations & resiliency

  1. Invest $500M in eligible Green Bond projects by 2030.
  2. Reduce Scope 1 and 2 GHG emissions by 30% from 2018 to 2030*, and achieve net zero Scope 1 and 2 GHG emissions by 2025. Partner with tenants to quantify and reduce Scope 3 GHG emissions, establishing a Scope 3 GHG emission reduction goal by 2025.
  3. Improve common area water efficiency at properties by 20% by 2025.
  4. Achieve 50% waste diversion rate for waste-to-landfill in our corporate offices by 2025.
  5. Establish a comprehensive Vendor Business Practices Policy and expand supply chain reporting.

* Kimco's Scope 1 and 2 30% GHG emission reduction target is validated by the Science-Based Targets initiative.

Foster an engaged, inclusive & ethical team

  1. Maintain an average employee satisfaction rate of at least 90%.
  2. Continue progress on programs to recruit, develop and retain talent from a diversity of backgrounds.
  3. Provide 100% of employees with individual development opportunities and maintain a voluntary turnover rate below 10% annually.
  4. Achieve 75% participation in employee well-being programs annually.