Corporate Responsibility

Our mission is to create great omni-channel grocery-anchored shopping experiences and improve communities, one shopping center at a time.

Our core values align with and support our corporate responsibility and sustainability framework and mission, guiding our decision-making processes throughout our Company.

Do the Right Thing

We do the right thing. Even if it isn’t always the easy thing.

Have Fun and 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 constantly learning.

Our corporate responsibility framework, which we refer to as our “PECO-ECO Promise”™, aligns to our mission, core values and strategic initiatives. It reflects our commitment to our People - the PECO Team, Environmental Stewardship, Culture & Community, and Oversight & Ethics. Our PECO-ECO Promise™ further aligns to our Core Values and guides our decision-making processes throughout our Company. It serves to remind us of the broad impact of our business on our stakeholders and the communities we serve as one of the nation’s largest owners and operators of grocery-anchored neighborhood shopping centers.

Jeffrey S. Edison | Chairman and CEO

Our mission – to create great omni-channel grocery-anchored shopping experiences and improve communities, one shopping center at a time – defines who we are and what matters most to PECO. It is not just a statement. It’s a pledge to maximize long-term value creation for our stakeholders, be a best-in-class operator of neighborhood shopping centers, and prioritize corporate responsibility and sustainability as essential to our business, our culture, and our impact on the communities that we serve. At PECO, our culture is uniquely our own and grounded in the power of community – from our community of employees whom we call “associates” to the community of our tenants whom we call “Neighbors” to the community each shopping center creates and operates within.

Latest CR Report

DOWNLOAD 2022 CR REPORT

Water Conservation & Control

PECO places a high priority on water conservation at our properties, focusing on smart, efficient, and resourceful practices to reduce water usage. Irrigation, within our control at our properties, receives particular attention, with strategies like xeriscaping and smart irrigation controllers central to responsible water management.

As of 2022, 45 of our shopping centers have smart irrigation controllers, and we employ native plants for landscaping where feasible.

Energy Efficiency

We continue to focus on conserving energy throughout our portfolio in areas under our operational control. Our primary target for energy reduction remained exterior common area lighting, which constitutes our most significant source of energy consumption.

In 2022, our energy consumption amounted to 39,707,150 kWh, primarily sourced from purchased and consumed electricity.

2022 Highlights

Environmental Stewardship

147 active EV charging stations, a 62% increase since 2020

17 Solar array systems

56,889,650 gallons of water conserved, equivalent to approximately 86 Olympic-size pools

21.7% landlord-controlled waste diversion

Culture and Community

90% engagement rate on Associate Survey with a 96% completion rate

300 hours of community service completed by our Associates

6 consecutive years of a “Top Place to Work” recognition

52% of associates are female

Oversight and Ethics

5 out of 9 gender or ethnically diverse directors

6 years: Average Director Tenure

100% board member attendance at All Board and Committee Meetings

100% of associates have received and completed Compliance Training