"More than 30 years ago, we launched the Company with a single grocery-anchored shopping center and a clear strategy: invest intelligently, operate efficiently, and deliver long-term value. Today, with over 300 centers nationwide, that strategy continues to guide everything we do.
Our CRS strategy is built on four strategic pillars: People & Culture; Environmental Management; Centers & Economic Impact; and Oversight & Ethics. In 2024, we made meaningful progress across all four pillars. We deepened our understanding of climate-related risks across our portfolio, aligned our disclosures with globally recognized frameworks like ISSB, and obtained limited assurance for our environmental data. We also expanded our associate-led initiatives, strengthened our community partnerships, and continued to invest in our Neighbors.
We will continue to engage with our stakeholders with transparency and purpose, and we'll keep making smart, strategic decisions that position PECO for long-term success and positive impact."
Chairman & CEO
Targets & Performance
Target: Associate Engagement Index score of 85% or greater
Performance: 98%
Status: On Going
Target: 15+ average annual training hours per associate
Performance: 17 hours per associate
Status: On Going
Target: At least 60% associate participation in one or more wellness programs annually
Performance: 68% of associates
Status: On Going
Target: 46% reduction in Scope 1 and 2 GHG Emissions
Performance: 38%
Status: Ahead of Schedule
Target: Achieve and maintain 30% landfill diversion
Performance: 22%
Status: On Target
Target: Achieve and maintain landlord controlled water use intensity of 10.5 gal/sqft
Performance: 11.1 gal/sqft
Status: On Target
Target: Achieve and maintain landlord controlled water use intensity of 10.5 gal/sqft
Performance: 11.1 gal/sqft
Status: On Target
Target: Achieve and maintain landlord controlled water use intensity of 10.5 gal/sqft
Performance: 11.1 gal/sqft
Status: On Target
Target: 35% of properties with EV charging stations
Performance: 19%
Status: On Track
Target: 50% of leases with high-performance language
Performance: 30%
Status: On Track
Target: 85% satisfaction rate on annual Neighbor survey
Performance: 95%
Status: On Going
Target: 100% of associates complete annual ethics and cybersecurity training
Performance: 100%
Status: On Going
Target: Zero ethics violations
Performance: Zero ethics violations
Status: On Going
Target: 75% attendance at board of directors and committee meetings
Performance: 95%
Status: On Going
PECO Corporate Responsibility Report
Our Corporate Responsibility Report offers a detailed look at PECO'S approach to responsible business practices, highlighting key strategies, initiatives, and policies. It also showcases our progress through measurable outcomes and real-world case studies aligned with each of our corporate responsibility goals.
View the Report Here
Our Core Values
Do The Right Thing.
We do the right thing, even if it isn't the easy thing.
Have Fun & Get It Done.
We know when it's time to work hard and work smart, but most importantly, we know when it's time to have fun!
Think Big. Act Small.
We have big dreams and goals that we'll achieve by working together as a family and preserving our small company mentality.
Always Keep Learning.
Things constantly change, and the best way to be successful is through constant learning.
Policies & Disclosures
For additional information, contact:
RYAN KNUDSON
Vice President of Corporate Responsibility and Sustainability
crs@phillipsedison.com