Regency Centers Corporation.
REG.US | Real estate activities with own or leased property
Regency Centers Corporation is a real estate investment trust (REIT) that owns, develops, and operates grocery-anchored shopping centers. The company focuses on high-quality, open-air shopping centers located in affluent suburban communities, primarily anchored by leading grocers. Regency Centers le...Show More
Better Health for All
0
Regency Centers demonstrates a strong commitment to mental health through its partnership with the 988 Suicide & Crisis Lifeline. By September 2024, it installed 'Signs of HOPE' across 1,600 shopping centers, reaching 272 million visitors annually
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and offering support in Spanish.
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The company also provides robust mental health education and an Employee and Management Assistance Program for its employees.
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The company's core business of grocery-anchored shopping centers, combined with these initiatives and property safety, delivers significant health benefits. Additionally, Regency Centers has mitigated indirect health effects by achieving a 23% reduction in Scope 1 and 2 greenhouse gas emissions from its 2019 baseline,
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and by installing over 1,000 electric vehicle charging stations
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and generating 9,330 megawatt-hours of renewable energy.
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Fair Money & Economic Opportunity
0
Regency Centers Corporation is a real estate investment trust (REIT) that owns and operates shopping centers, leasing space to tenants. The company does not offer lending, deposit, or other consumer financial services. Consequently, all KPIs related to financial services, such as APRs, exploitative fees, loan books, customer financial data, fair lending compliance, financial literacy programs, customer debt burden, and financial product simplicity, are not applicable to its core business model. Therefore, all KPIs are scored 0, reflecting that the company's operations fall outside the scope of providing financial services to consumers.
Fair Pay & Worker Respect
40
Regency Centers reported a CEO-to-median employee pay ratio of 70:1 in 2024.
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The company reported a work-related injury rate of 0.9.
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In terms of pay equity, the gender pay gap was less than 1% in 2024.
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Employee engagement was 88% in 2024, and the voluntary employee turnover rate was 6% in the same year.
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The company reported no labor law or human rights violations.
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Fair Trade & Ethical Sourcing
0
No specific evidence was found in the provided articles regarding Regency Centers Corporation's fair trade certifications, supply chain audit frequency, forced or child labor incidents, traceability coverage, remediation speed for violations, ethical clause coverage in supplier contracts, share of spend on high-risk materials, or procurement budget directed to diverse suppliers. The articles discuss general ESG performance
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, environmental commitments
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, and community engagement
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, but these do not provide the concrete data points required for scoring the specific KPIs under Fair Trade & Ethical Sourcing.
Honest & Fair Business
0
Regency Centers has 9 out of 11 (81.8%) independent board members.
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The company maintains a comprehensive anti-corruption policy, which includes anti-bribery and anti-money laundering provisions.
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All employees and directors achieve 100% completion of annual Code of Conduct training.
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A Compliance Committee conducts a full risk assessment every three years, and Internal Audit performs annual compliance and fraud/corruption testing.
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Furthermore, Regency Centers has a whistleblower policy with a 24/7 anonymous AlertLine, managed by an independent third party.
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The company enforces a zero-tolerance policy against retaliation for whistleblowers and conducts regular "Speak Up" training.
6
Kind to Animals
0
No specific, quantifiable evidence was found in the provided articles to assess Regency Centers Corporation against the defined Key Performance Indicators for the 'Kind to Animals' value. The company, a real estate investment trust, does not produce products, conduct animal testing, or engage in animal agriculture, rendering many KPIs inapplicable. While the company partners with Alvéole for honeybee habitats
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and plants trees,
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and received a 'Compassionate Business Award' from PETA in 2020
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for signage regarding pets in cars,
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these initiatives do not provide the measurable data points required by the rubric's KPIs, such as percentages of cruelty-free products, animal testing volumes, humane certifications, or specific biodiversity impact metrics.
No War, No Weapons
-10
Regency Centers Corporation, a real estate investment trust, does not engage in the production, distribution, or sale of weapons or hold military contracts, and is detached from military activities.
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The company complies with regulations such as FCPA and OFAC sanctions, ensuring no unlawful transactions with sanctioned entities.
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It supports and promotes the implementation of the UN Guiding Principles on Business and Human Rights.
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The company's operations are not in conflict regions, and it is not subject to the Arms Trade Treaty.
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It has no exposure to any weapons and no defense assets to divest.
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However, the company has no documented peace initiatives.
6
Planet-Friendly Business
0
No specific, quantifiable data points were found in the provided article that directly align with the quantitative thresholds of the scoring rubric's KPIs. While the article mentions an 18% reduction in Scope 1 and 2 GHG emissions
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, the rubric requires total Scope 1, 2, and 3 emissions in tCO₂e. The generation of 9,330 MWh of renewable energy is provided
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, but not as a percentage of total operational energy consumption. The company has 15 LEED-certified assets
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, but the rubric requires the percentage of all facilities certified. A net-zero target of 2050 is stated
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, but this specific year does not align with any defined tier in the rubric for 'net_zero_target_year'. No other KPIs had direct, quantifiable evidence matching the rubric's requirements.
Respect for Cultures & Communities
0
Regency Centers received the 2024 Mayor Thomas M. Menino Legacy Award for its restoration of The Abbot in Cambridge, MA, which preserved architectural heritage
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. The company has engaged in at least three formal partnerships, including sponsorships of the Sandy Springs Conservancy in 2023
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and 2024
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, a partnership with Project Destined in 2024
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, and a collaboration with United Way in 2020
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. No cultural appropriation incidents have been reported. In 2023, Regency Centers contributed approximately $1.7 million to charitable causes
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and its employees volunteered 3,000 hours
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. The company also hosts community and cultural events, such as Fall Loopalooza and Diwali celebrations, which support local vendors and cultural activities
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.
Safe & Smart Tech
10
Regency Centers has reported no material cybersecurity incidents or breaches since January 1, 2021.
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The company maintains a comprehensive cybersecurity risk management strategy, which includes a Cyber Risk Committee overseen by both the Executive and Board's Audit Committees, focusing on identification, protection, detection, response, and recovery.
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For its AI systems, Regency Centers ensures adherence to fair housing laws through ongoing audits and bias mitigation strategies.
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The company also states its compliance with data protection laws.
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Zero Waste & Sustainable Products
-40
Regency Centers integrates circular design principles into its construction projects, having developed 15 LEED-certified assets totaling 1.4 million square feet.
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The company implements waste reduction initiatives, including a Tenant Sustainability Guide and a paper recycling program. In 2020, the paper recycling program achieved significant results, preserving 237 trees, saving energy equivalent to 84 years of laptop use, and conserving water equivalent to 42 swimming pools.
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Furthermore, Regency Centers provides customer waste education through its Tenant Sustainability Guide, which advises tenants on maximizing recycling efforts and highlights the environmental and business benefits of such practices.
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