Phillips Edison & Company, Inc..
PECO.US | Real estate activities with own or leased property
Phillips Edison & Company, Inc. (PECO) is a fully integrated real estate investment trust (REIT) that primarily focuses on the acquisition, redevelopment, and management of grocery-anchored shopping centers. The company's portfolio consists of a diverse mix of necessity-based retailers, including gr...Show More
Better Health for All
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No evidence available to assess Phillips Edison & Company, Inc. on Better Health for All.
Fair Money & Economic Opportunity
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PECO.US is a real estate investment trust (REIT) focused on grocery-anchored shopping centers. Its core business does not involve lending, deposit services, or other direct consumer financial products. Therefore, all KPIs related to financial services, such as customer lending, fee structures, financial literacy, or debt burden, are not applicable to the company's operations. The provided articles do not contain any information relevant to these financial services KPIs.
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Fair Pay & Worker Respect
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No evidence available to assess Phillips Edison & Company, Inc. on Fair Pay & Worker Respect.
Fair Trade & Ethical Sourcing
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The provided articles, including a 2023 Corporate Responsibility Report, do not contain specific quantitative data or metrics related to fair trade and ethical sourcing.
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There is no information available regarding fair trade certification, audit frequency, forced or child labor incidents, supply chain traceability, remediation speed, ethical clause coverage in supplier contracts, materials risk, or supplier diversity spend.
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Honest & Fair Business
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No evidence available to assess Phillips Edison & Company, Inc. on Honest & Fair Business.
Kind to Animals
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No evidence available to assess Phillips Edison & Company, Inc. on Kind to Animals.
No War, No Weapons
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Phillips Edison & Company, Inc. (PECO) operates as a real estate investment trust (REIT) focused on grocery-anchored shopping centers.
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The provided articles, including Corporate Responsibility Reports and the Code of Business Conduct and Ethics, detail the company's environmental, social, and governance initiatives, financial performance, and general ethical guidelines. However, none of the evidence indicates any involvement in arms manufacturing, military contracts, dual-use technology, sales to embargoed regimes, peacebuilding initiatives, or any other activities related to the 'No War, No Weapons' value. Therefore, all relevant KPIs are scored as N/A, indicating no defense or arms-related activities in the company's core business or operations.
Planet-Friendly Business
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No evidence available to assess Phillips Edison & Company, Inc. on Planet-Friendly Business.
Respect for Cultures & Communities
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No evidence available to assess Phillips Edison & Company, Inc. on Respect for Cultures & Communities.
Safe & Smart Tech
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PECO has not reported any material data breaches, according to its 10-K filings from February 2024.
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In 2023, 96% of associates completed cybersecurity training, which includes videos, tips, new hire training, phishing simulations, and periodic training.
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The company conducts annual penetration testing, monitoring, and tabletop exercises, engaging external cybersecurity experts for these activities.
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Its privacy policy, updated in August 2024, states that data is retained based on its purpose and mentions compliance with CCPA/CPRA and other US state laws.
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Zero Waste & Sustainable Products
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The company's waste diversion rate was 22% in 2024, comprising 3% compost and 19% recycled materials.
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PECO has a continuous goal to reduce waste by 5% per year by increasing landlord-controlled waste removal and recycling programs, and aims for a 25% reduction of landlord-controlled waste to landfills by 2030.
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Waste reduction initiatives include an organics recycling program at Antelope Marketplace that reduced trash by 20 tons in its first year, an e-waste recycling event at corporate headquarters in 2023 that collected 1,197 pounds, consolidating waste services at five Virginia properties, eliminating single-use cups at headquarters, and implementing a single-stream recycling dumpster at corporate headquarters which increased waste diversion by 11% in the fourth quarter.
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PECO conducts thorough property assessments and frequent (at least monthly) inspections of shopping centers to streamline waste services.
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The company reported zero ethics violations in 2024, which implies no waste disposal violations.
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For hazardous waste, PECO expects vendors to handle, store, manage, and dispose of materials in accordance with regulations and best practices, and conducted an e-waste recycling event at its corporate headquarters in 2023.
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PECO expects vendors to maintain and update sustainability policies and comply with environmental laws, and launched a biennial Vendor Engagement Survey in 2023 to assess supplier environmental considerations.
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A Neighbor Sustainability Guide is available to all tenants, providing information on sustainability efforts.
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