Tanger shares 2024 Impact Report
A leading open-air shopping center owner and operator is touting its environmental, social, and governance (ESG) initiatives.
North Carolina-based Tanger has released its 2024 Impact Report for the annual period ending Dec. 31, 2024. The report details sustainability achievements, social initiatives, and more.
“Tanger’s values of integrity, inclusion, and innovation guide the decisions and initiatives that drive our collective impact,” said Stephen Yalof, president and CEO of Tanger. “In 2024, we deepened our community engagement, empowered our team, and advanced sustainability with a focus on mitigating risk and driving value for our stakeholders. “I’m proud of our team’s dedication to creating vibrant shopping destinations and resilient communities – and grateful for the trust of our stakeholders as we build a more connected, inclusive future together.”
Highlights of Tanger’s 2024 Impact Report include:
- Ongoing efforts to foster an “organizational culture” where performance, growth, and the expression of Tanger’s values are recognized and rewarded, including providing nearly 5,000 hours of annual professional growth and training for Tanger team members in 2024.
- The expansion of initiatives to promote belonging and empowerment within the company’s workforce, including those championed by Tanger’s employee-founded-and-led Employee Resource Groups, which are open to all employees.
- Ongoing support for the communities in which Tanger operates through multiple TangerCares initiatives, including the company’s legacy TangerPink and TangerKids programs, and nearly 7,500 hours of company-sponsored employee volunteer service.
- A 13% increase in Tanger’s solar energy generation capacity, increasing its total solar capacity to 15.5 MW across 11 centers.
- Completion of a formal data assurance readiness assessment to improve data integrity and plan for state-level climate disclosure legislation, as well as a double materiality assessment to identify the most impactful and financially material environmental, social, and governance topics to Tanger’s business and stakeholders.
- Completion of expanded enterprise and asset-level climate scenario analysis, restatement of Tanger’s greenhouse gas emissions baseline to align with standard methodologies, and inaugural limited disclosure of the company’s Scope 3 footprint.
[READ MORE: Leasing demand strong at Tanger centers in Q1]
Tanger’s portfolio includes 37 outlet centers and three open-air lifestyle centers comprising 16 million sq. ft. in 21 U.S. states and Canada.
