SANTA MONICA, Calif., June 2, 2021 /PRNewswire/ -- Macerich (NYSE: MAC), one of the nation's leading owners, operators and developers of one-of-a-kind retail and mixed-use properties in top markets, today issued the Company's Corporate Responsibility Report with data for the period ending December 31, 2020.
Macerich's comprehensive new report for 2020 details the Company's people-first response to COVID-19, active local stewardship and philanthropy, and commitment to fostering employee wellness and satisfaction. The report also conveys Macerich's continuing environmental leadership in the retail real estate industry, including plans to achieve carbon neutrality by 2030 – decades ahead of the Paris climate agreement. As well, Macerich's 2020 report demonstrates the Company's transparent approach to ethical practices and governance.
"As our country emerges from the all-encompassing battle against COVID-19, we're pleased to share our 2020 Corporate Responsibility Report that details the thoughtful, people-focused approach Macerich relied on during this demanding year," said Tom O'Hern, Chief Executive Officer, Macerich. "We are looking ahead with renewed optimism, and our fully integrated ESG principles will continue to shape all aspects of our work at Macerich."
Macerich is a fully integrated, self-managed and self-administered real estate investment trust (REIT), which focuses on the acquisition, leasing, management, development and redevelopment of regional malls throughout the United States.
Macerich currently owns 50 million square feet of real estate consisting primarily of interests in 46 regional shopping centers. Macerich specializes in successful retail properties in many of the country's most attractive, densely populated markets with significant presence on the West Coast, and in Arizona and the Metro New York to Washington, DC corridor. A recognized leader in sustainability, Macerich has achieved the #1 GRESB ranking in the North American Retail Sector for six straight years (2015 – 2020). Additional information about Macerich can be obtained from the Company's website at www.Macerich.com.