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Now browsing: Hometown News > Business & Finance > Martin County

Property group receives awards
Rating: 3.46 / 5 (24 votes)  
Posted: 2012 Oct 05 - 00:53

For Hometown News

TREASURE COAST - Simon Property Group received two awards recognizing its commitment to sustainability issues.

Simon properties include Indian River Mall and Treasure Coast Square.

For the second consecutive year, SPG has been recognized by the Carbon Disclosure Project with inclusion in its select Carbon Disclosure Leadership Index. Once again SPG was the only real estate company to be awarded the CDLI distinction.

This index highlights those companies within the Standard &Poor's 500 index which have displayed a strong approach to information disclosure regarding climate change.

Companies are scored on their climate change disclosures and high scores indicate good internal data management and understanding of climate change related issues affecting the company. The CDP represents 655 institutional investors with $78 trillion in assets.

"Our goal is to be as transparent as possible so it's especially gratifying to be recognized once again for good information disclosure regarding climate change," said George Caraghiaur, senior vice president of energy and procurement at Simon Property Group.

SPG was also named a regional sector leader in retail by The Global Real Estate Sustainability Benchmark in its recently released 2012 report.

The report is based on sustainability data gathered from approximately 450 property companies and funds worldwide, providing aggregate information for 36,000 properties, representing $1.3 billion in global assets under management.

Simon Property Group is an S&P 100 company and the largest real estate company in the world.

The company currently owns or has an interest in 332 retail real estate properties in North America and Asia, comprising 241 million square feet. It is headquartered in Indianapolis and employs approximately 5,500 people in the U.S.

For more information, visit www.simon.com.

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