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06/10/2022

Macerich releases its corporate responsibility scorecard

Al Urbanski
Real Estate Editor & Manager
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Macerich CEO Tom O'Hern
Macerich CEO Tom O'Hern says protecting natural resources make retail centers safe and welcome gathering spaces.

Like most major owners of shopping centers, Macerich considers one of its chief corporate goals to be an involved supporter and benefactor of the communities in which its properties reside.

This week, it released a report noting its 2021 accomplishments in that regard—such as the emergency response support it provided for the Marshall Fire in Colorado.

“At Macerich, everything we do centers on our belief that our regional town centers are properties with purpose — physical places at the heart of their communities where people come together to shop, eat, play and find connection,” said Macerich CEO Tom O’Hern. “

Among Macerich’s 2021 highlights:

  • Advances made on its 2030 carbon neutrality goal include a 9% reduction in location-based greenhouse gas emissions since 2019, 35% solid waste reduction, and 20% reduction in water consumption since 2015.
  • Macerich properties hosted more than 1,800 events supporting local causes and communities such as blood drives, farmers markets, COVID testing sites, food drives, and cultural celebrations.
  • It partnered with public and private organizations in New York City to provide thousands of turkeys for families in need and donated hundreds of laptops to schools throughout the country.
  • It added ESG-focused performance metrics to its executive compensation plan and affirmed its ethical business practices with a commitment to transparency, responsiveness and principled action for all of its employees.

Macerich’s efforts have made it one of only 200 companies on the A-list maintained by CDP, an international non-profit organization that helps companies and cities disclose their environmental impact. 

“We are deeply committed to protecting natural resources and ensuring our spaces are welcoming gathering places for everyone,” O’Hern said.