Potential offtaker

Federal Realty Investment Trust

www.federalrealty.com

Estimated electricity consumption

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Countries of production presence

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Federal Realty Investment Trust is a highly respected real estate investment trust (REIT) that operates in the Shopping Center REIT sector in the United States of America. The company is dedicated to creating value for its shareholders by owning, operating, and redeveloping high-quality retail properties in some of the most affluent and densely populated markets in the country.

Federal Realty Investment Trust has a long history of sustainability and environmental stewardship, and the company is committed to reducing its carbon footprint and promoting decarbonisation in the retail industry. The company has set ambitious goals to reduce its greenhouse gas emissions, increase its use of renewable energy, and promote energy efficiency across its portfolio of properties.

One of the key ways that Federal Realty Investment Trust is promoting decarbonisation is through its corporate energy program. The company has implemented a comprehensive energy management system that tracks and analyzes energy usage across all of its properties. This system allows the company to identify areas where energy efficiency can be improved and to implement targeted measures to reduce energy consumption.

In addition to energy efficiency measures, Federal Realty Investment Trust is also investing in renewable energy to help decarbonize its operations. The company has entered into several corporate power purchase agreements (PPAs) to source renewable energy for its properties. These agreements allow the company to purchase electricity directly from renewable energy providers, reducing its reliance on fossil fuels and promoting the growth of renewable energy in the United States.

One example of Federal Realty Investment Trust's commitment to renewable energy is its partnership with SunPower, a leading solar energy provider. The company has installed solar panels on several of its properties, including Santana Row in San Jose, California, and Pike & Rose in North Bethesda, Maryland. These solar installations provide clean, renewable energy to power the properties and reduce the company's carbon footprint.

Federal Realty Investment Trust is also committed to promoting renewable energy and energy efficiency beyond its own operations. The company is actively involved in industry associations and initiatives that promote sustainability and decarbonisation in the retail industry. For example, the company is a member of the International Council of Shopping Centers' Sustainability Working Group, which aims to promote sustainability best practices in the retail industry.

In conclusion, Federal Realty Investment Trust is a leading real estate investment trust that is committed to promoting sustainability and decarbonisation in the retail industry. The company has implemented a comprehensive energy management system, invested in renewable energy through corporate PPAs, and is actively involved in industry associations and initiatives that promote sustainability best practices. With its focus on sustainability and environmental stewardship, Federal Realty Investment Trust is well-positioned to thrive in a rapidly changing retail landscape.

✓ Current offtaker under Corporate PPA's
✓ Declared Net Zero commitment