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ESG Goals & Progress
Our Refreshed Goals and Commitments
We’ve refreshed our goals to set new targets and better align with our near- and long-term business strategies.
2023 Goals and Progress
Our People
| Goal | 2023 Progress | Target Date |
|---|---|---|
| 85% or greater average annual employee engagement score | 88% | 2023 |
| 15% or below voluntary employee turnover rate | 7% | 2023 |
100% of employees receive regular performance & career development reviews with ongoing support and development opportunities | 100% | 2023 |
Continue to implement our DEI strategy and roadmap, including supporting our Employee Resource Groups | 100% | 2023 |
- Below Target
- On or Above Target
Our Communities
| Goal | 2023 Progress | Target Date |
|---|---|---|
| Provide a philanthropic program supporting community organizations aligned with our Core Values, empowering employee-driven philanthropy | 100% | 2023 |
90% or greater employee participation in our annual United Way Campaign | 95% | 2023 |
Maintain commitment to local jobs and community value through development and redevelopment projects | 100% | 2023 |
- Below Target
- On or Above Target
Ethics and Governance
| Goal | 2023 Progress | Target Date |
|---|---|---|
As part of the Board's succession planning, at least 33% of its members will be either gender or ethnically diverse (i.e., members of underrepresented minorities) | 45% | 2023 |
75% or greater Board member attendance at all Board and Committee meetings | 89% | 2023 |
Ensure all employees receive annual Code of Business Conduct and Ethics training | 100% | 2023 |
- Below Target
- On or Above Target
Environmental Stewardship
| Goal | 2023 Progress | Target Date | Cumulative '19-'23 |
|---|---|---|---|
28% absolute reduction in Scope 1 and 2 greenhouse gas emissions *(1)(2) | - | 2030 | 18% |
30% like-for-like reduction in energy consumption within operational control *(2) | -6% | 2030 | -12% |
Generate on-site renewable energy equivalent to at least 10% of purchased electricity consumption based on operational control (2) | 13% | 2030 | - |
10% like-for-like reduction in water consumption based on operational control *(2) | -2% | 2030 | -7% |
Achieve a 35% waste diversion rate across all of our operating properties based on operational control (2) | 26% | 2030 | - |
Install electric vehicle charging stations at 50% or more of our properties (2) | 29% | 2030 | - |
- Below Target
- On or Above Target
* From the baseline year 2019.
(1) For comparability to 2023 and in accordance with Regency’s re-baseline policy, GHG emissions data for the baseline year 2019 have been recalculated to adjust for transactions completed between 2019 and 2023, including and triggered by Regency’s recent acquisition of UBP.
(2) For more details regarding Regency's calculation methodologies, please see footnotes within the Environmental Stewardship and Appendix sections of our report.