Simon Property Group Inc. – the Indiana-based company that owns Quaker Bridge Mall in Lawrence Township and which describes itself as “the largest real estate company in the world” – announced last week that it has been honored with two awards recognizing the company’s “commitment to sustainability issues.”
“To help contribute to sustainability initiatives, Quaker Bridge Mall utilizes a dual stream recycling system whereby cardboard and plastics are separated out from regular trash on site,” Marian Kapp, director of mall marketing, said in a news release. “Additionally, the mall has recently added a high efficiency heating and cooling system.”
For the second consecutive year, Simon has been recognized by the international non-profit Carbon Disclosure Project (CDP) with inclusion in its select Carbon Disclosure Leadership Index (CDLI). As before, Simon was the only real estate company to be awarded the CDLI distinction.
This index highlights those companies within the S&P 500 Index which have displayed a strong approach to information disclosure regarding climate change. Companies are scored on their climate change disclosure and high scores indicate good internal data management and understanding of climate change related issues affecting the company. The CDP represents 655 institutional investors with $78 trillion in assets.
“Our goal is to be as transparent as possible so it’s especially gratifying to be recognized once again for good information disclosure regarding climate change,” said George Caraghiaur, Simon’s senior vice president of energy & procurement.
“Companies that make the Carbon Disclosure Leadership Index have demonstrated strong internal data management practices for the measurement of greenhouse gas emissions and energy use. This is vital to realizing greater efficiencies, protecting the business from risk and capitalizing on opportunities,” Carbon Disclosure Project CEO Paul Simpson said in the Simon news release.
The Simon news release said the company was also named a regional sector leader in retail by The Global Real Estate Sustainability Benchmark in its recently released 2012 Report. The report is based on sustainability data gathered from approximately 450 property companies and funds worldwide, providing aggregate information for 36,000 properties, representing $1.3 billion in global assets under management.
Quaker Bridge Mall is currently undergoing a major renovation that will bring to the Route 1 shopping center 25 new stores – including the recently opened Cheesecake Factory restaurant – and a new food court. Renovations include new interior and exterior features and amenities such as new soft seating, upgraded escalators, an elevator, updated restrooms, redesigned mall entrances, landscaping, new flooring, ceiling and handrails.