Sustainability Practices and Philosophies
At PREIT, we are focused on meeting the changing needs of consumers and tenants by focusing on our three core pillars: COMMUNITY, CUSTOMIZATION and CULTIVATION. These pillars drive strategic decisions as it relates to our business, our associates and how we manage our external relationships.
As the world evolves, so too has our focus on becoming a better corporate citizen and prioritizing all of our stakeholders with a view toward the LONG-TERM IMPLICATIONS OF OUR ACTIONS. This inaugural sustainability report is designed to share with stakeholders how we view the opportunity to be stronger stewards of sustainability principles across our portfolio and throughout our organization.
The recent pandemic and its continuing effects have undoubtedly shaped the views of corporations across the globe, including our own. We are proud of how the PREIT team adapted and pressed forward in the name of the greater good. As we look ahead, we endeavor to set goals that align our activities with thoughtful implementation of ESG principles as we all work for a better, brighter tomorrow across the globe. We are committed to increasing transparency and reporting related to our ENVIRONMENTAL, SOCIAL, and GOVERNANCE (“ESG”) programs.
Our inaugural Sustainability Report highlights PREITs efforts to cement its properties’ place as the centerpieces of their communities by sustaining jobs, hosting events that bring our communities together, reducing our environmental impact and supporting organizations that provide for those in need. The report explores how PREIT’s focus on diversifying the experiences offered at its properties reaffirms long-term vitality and helps ensure success for our tenants, large and small while demonstrating our commitment to small and diverse businesses and to fostering a strong culture for its most prized asset – the individuals employed by the Company.
