Potential offtaker

Kimco Realty Corporation

www.kimcorealty.com

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Kimco Realty Corporation is a leading real estate investment trust (REIT) in the United States that specializes in shopping centers. The company has a portfolio of over 400 properties, totaling approximately 80 million square feet of leasable space, located in major metropolitan areas across the country. Kimco Realty Corporation has been in business for over 60 years and has a reputation for delivering consistent returns to its investors.

As a major player in the shopping center REIT sector, Kimco Realty Corporation is keenly aware of the need to reduce its carbon footprint and embrace decarbonisation. The company has made a commitment to sustainability and has set ambitious goals to reduce its greenhouse gas emissions, energy consumption, and water usage. Kimco Realty Corporation recognizes that decarbonisation is not only good for the environment but also good for business. By reducing its reliance on fossil fuels and embracing renewable energy, the company can reduce its operating costs and improve its bottom line.

One of the ways that Kimco Realty Corporation is working towards decarbonisation is through its corporate energy program. The company has implemented a number of energy-saving measures across its properties, including the installation of energy-efficient lighting, HVAC systems, and building automation systems. Kimco Realty Corporation has also invested in renewable energy, such as solar panels, to generate clean energy on-site. By reducing its energy consumption and generating its own renewable energy, Kimco Realty Corporation is taking significant steps towards decarbonisation.

Another way that Kimco Realty Corporation is embracing renewable energy is through corporate power purchase agreements (PPAs). PPAs allow companies to purchase renewable energy directly from a generator, often at a lower cost than traditional energy sources. Kimco Realty Corporation has entered into several corporate PPAs to source renewable energy for its properties. For example, the company has signed a PPA with a wind farm in Texas to supply renewable energy to its properties in the state. By sourcing renewable energy through PPAs, Kimco Realty Corporation is not only reducing its carbon footprint but also supporting the growth of the renewable energy industry.

Kimco Realty Corporation is also committed to reducing its carbon footprint through sustainable building practices. The company has implemented a number of green building initiatives across its properties, including LEED certification, green roofs, and rainwater harvesting. Kimco Realty Corporation has also partnered with tenants to promote sustainable practices, such as recycling and composting. By promoting sustainable building practices, Kimco Realty Corporation is not only reducing its carbon footprint but also creating healthier and more sustainable communities.

In addition to its sustainability initiatives, Kimco Realty Corporation is also committed to corporate social responsibility. The company has a strong commitment to diversity, equity, and inclusion and has implemented a number of initiatives to promote these values across its organization. Kimco Realty Corporation has also established a charitable foundation to support local communities and has donated millions of dollars to various causes over the years.

In conclusion, Kimco Realty Corporation is a leading shopping center REIT in the United States that is committed to sustainability and decarbonisation. The company has set ambitious goals to reduce its carbon footprint and has implemented a number of initiatives to achieve these goals, including energy-saving measures, renewable energy, and sustainable building practices. Kimco Realty Corporation is also committed to corporate social responsibility and has a strong commitment to diversity, equity, and inclusion. As a result of these efforts, Kimco Realty Corporation is well-positioned to deliver long-term value to its investors while also creating healthier and more sustainable communities.

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