Kimco Realty Corporation.
KIM.US | Real estate activities with own or leased property
Kimco Realty Corporation is a real estate investment trust (REIT) that owns and operates open-air, grocery-anchored shopping centers and mixed-use assets. The company focuses on acquiring, developing, and managing properties primarily in the top metropolitan markets in the United States. Kimco lease...Show More
Better Health for All
0
Kimco Realty Corporation's core business as a real estate investment trust has no significant direct positive or negative health impact. However, the company demonstrates commitment to health through several initiatives. It supports mental health and wellness by hosting the 'Be Cool, Be Kind' campaign
1
and donating $50,000 to NAMI
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, as part of an annual $1 million commitment to causes like mental health awareness
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. During the COVID-19 pandemic, Kimco facilitated curbside pickups and testing centers
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. The company also issued a $500 million green bond to fund environmental sustainability projects like renewable energy installations
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, which indirectly contribute to public health by fostering cleaner environments
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.
Fair Money & Economic Opportunity
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Kimco Realty Corporation operates as a real estate investment trust (REIT), primarily owning and managing shopping centers and leasing retail space. Its core business model focuses on rental income and property management, not on providing lending, insurance, or deposit services to consumers. Consequently, most KPIs related to financial products, pricing, fees, and customer financial outcomes are not applicable to Kimco's operations. While Kimco supports small businesses through initiatives like the Tenant Assistance Program (TAP), which helped tenants secure $20 million in federal PPP funding, and the KEYS program, offering rent-free retail space and business counseling to new entrepreneurs, these activities involve facilitating access to third-party funds or providing real estate support, rather than direct financial services from Kimco.
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The company also makes contributions, such as $1 million annually to small businesses
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and $50,000 to NAMI.
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However, these do not provide the specific quantitative data required by the rubric for KPIs like share of loan book, APRs, or measurable wealth-building outcomes for users of Kimco's own financial products. Therefore, all KPIs fall into the "Not applicable" category as defined by their respective 0-tier thresholds in the rubric.
Fair Pay & Worker Respect
0
No evidence available to assess Kimco Realty Corporation on Fair Pay & Worker Respect.
Fair Trade & Ethical Sourcing
0
The provided articles do not contain specific, concrete data points for any of the KPIs under the 'Fair Trade & Ethical Sourcing' value. There is no information on the percentage of spend covered by fair-trade certifications, the frequency of supplier audits, or the number of substantiated forced- or child-labour findings over the last three years. While a 'Vendor Business Practices Policy'
1
and a 'Vendor Business Practices Statement'
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are mentioned, the articles do not explicitly state the percentage of supplier *contracts* that include enforceable ethical-sourcing clauses. Similarly, there is no data on the traceability coverage of suppliers, the median days to close corrective action plans, the share of spend on high-risk materials, or the percentage of the procurement budget directed to diverse suppliers.
Honest & Fair Business
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Kimco's board comprises 75% independent directors.
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The company maintains a comprehensive Code of Business Conduct and Ethics, last revised in July 2022, which applies to all directors, officers, associates, and agents.
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This Code includes an explicit policy to comply with the U.S. Foreign Corrupt Practices Act (FCPA) and other anti-bribery laws globally, supported by required, regular internal training.
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A whistleblower policy is in place, offering an anonymous Ethics Helpline administered by a third-party vendor and strictly prohibiting retaliation against good-faith reporters; however, the articles do not provide evidence of independent investigation processes for these reports.
4
In 2021, the company reported zero Code of Conduct violations.
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No ethics-related regulatory fines or financial restatements in the past three to five years were found in the provided articles.
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Kind to Animals
0
Kimco Realty Corporation operates as a retail real estate investment trust (REIT), a business model that has a fundamentally neutral impact on animal welfare
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. The company does not directly engage in activities such as animal testing, factory farming, or the production of animal-derived products
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. Consequently, most animal welfare key performance indicators (KPIs) are not applicable to its operations
3
. While the company demonstrates broader ecological responsibility through commitments to reduce greenhouse gas emissions
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and invest in Green Bond projects
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, these efforts are noted to only indirectly support ecosystems and animal habitats
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. There is no specific, measurable data provided regarding direct wildlife conservation initiatives or active engagement in animal welfare policy
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.
No War, No Weapons
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Kimco Realty Corporation, a real estate investment trust, is not involved in arms manufacturing, military contracts, or conflict facilitation
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. The company does not explicitly promote peace-building initiatives
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.
Planet-Friendly Business
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Kimco Realty's near-term Scope 1 and 2 GHG emissions reduction target of 30% from a 2018 baseline by 2030 is validated by the Science-Based Targets initiative.
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As of December 31, 2023, 4.4% of the company's properties by count and 5% by Gross Leasable Area are covered by whole building certifications.
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The overall waste diversion rate was 22% as of December 31, 2023.
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Kimco aligns its corporate responsibility reporting with the Task Force on Climate-related Financial Disclosures (TCFD)
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and performs climate risk management analysis, identifying risks including windstorms, flooding, sea level rise, wildfires, heat, and water stress.
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Respect for Cultures & Communities
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Kimco Realty has no reported cultural appropriation incidents, nor has it reported any cultural incidents requiring a response framework. The company does not have a specific cultural impact assessment protocol or reported cultural site disruptions. Kimco committed to an annual goal of contributing $1 million in cash and in-kind contributions to support small businesses and charities within its operating communities, and exceeded this goal, contributing over $1 million annually.
1
Specific donations include $10,000 to the Trevor Project
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and $50,000 to local chapters of the National Alliance on Mental Illness (NAMI).
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The company implemented inclusive LGBTQ+ messaging across its properties and social media platforms during Pride Month.
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Kimco also holds community events, such as a celebration for local teachers,
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and offers employees two volunteer days off per year with a company matching program for charitable giving.
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The company has launched Employee Resource Groups and a Diversity, Equity, and Inclusion Council, which focuses on vendor diversity and community engagement.
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Kimco also implements a climate resiliency strategy, collaborating with local contractors and vendors to protect communities during natural disasters.
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Safe & Smart Tech
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Kimco Realty Corporation uses generative AI tools that are reviewed by legal and information security teams.
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All employees complete annual cybersecurity training, and the company conducts internal phishing exercises.
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In February 2023, an unauthorized party gained access to consumer data through a ransomware attack on legacy servers from Weingarten Realty Investors, compromising personal information including names, dates of birth, Social Security numbers, health insurance information, bank account information, and driver's license numbers.
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Kimco secured systems, notified authorities, and engaged cybersecurity professionals.
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The company complies with the California Consumer Privacy Act (CCPA), aiming to fulfill verified requests within 45 days, and has not sold or shared Personal Information of California residents in the past 12 months.
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Individuals can request to review, change, correct, or delete their information via email or a toll-free number, and commercial emails offer an opt-out option.
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Notice of the data breach was filed with the Attorney General of Texas and Montana.
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Zero Waste & Sustainable Products
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Kimco Realty reported a portfolio-wide waste diversion rate of 22% as of December 31, 2022.
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The company has implemented several waste reduction initiatives, including a national waste management program that consolidates vendors
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, green construction guidelines for diverting construction waste
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, and efforts to expand recycling programs to more tenants through aggregation and centralized services
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. Kimco has set a target to achieve a 50% waste diversion rate for its corporate offices by 2025.
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Additionally, the company provides customer waste education through a Tenant Sustainability Tip Sheet, developed in collaboration with the U.S. EPA's Energy Star® program
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, which includes recommendations for waste management and links to external resources
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.