Brixmor Property : 2024 Corporate Responsibility Report

Published: 2025-06-12 15:55:06 ET BRX

Published on 06/12/2025 at 15:55

2024

Corporate Responsibility Report

Table of Contents

INTRODUCTION

3

OUR PROPERTIES

19

OUR STAKEHOLDERS

34

About this Report

Goals and Progress

Goals and Progress

A Message from Our CEO

Reducing Our Impact

Positioned for Growth

About Brixmor

Energy Efficiency

Disciplined Capital Allocation

Corporate Responsibility Strategy

Solar Energy and Energy Purchasing

Community Connectivity

Stakeholder Engagement

Water Conservation

Case Study: Relevant to the Communities

2024 Corporate Responsibility Performance

Waste Management

Case Study: Merchants that Thrive

Recognition and Industry Partnerships

Sustainable Transportation

True Retail Partnerships

At Our Properties

Tenant and Supplier Relationships

Health and Safety

Case Study: Competitive Environment

OUR CULTURE

10

Green Leasing

Goals and Progress

Disaster Recovery

Case Study: Acting Like Owners

Proudly Owned by Brixmor

APPENDIX

44

Culture of Performance

Enhancing Our Climate Resilience

Inventory Boundary

Growth and Development

Governance

Independent Assurance Statement

Health and Well-Being

Metrics and Targets

United Nations Sustainable Development Goals

Inclusive Culture

Strategy and Risk Management

Demographic Data

Corporate Governance

Transition Risks

Environmental Data

Corporate Responsibility Oversight

Climate Opportunities

Global Reporting Initiative (GRI) Content Index

Cybersecurity

Physical Risks

Sustainability Accounting Standards Board (SASB)

Index

Designing a Sustainable Future

Case Study: Upgrading Our Shopping Centers

‌About this Report

Brixmor Property Group is committed to providing our stakeholders with transparent, robust, and comprehensive reporting on our Corporate

Responsibility (CR) initiatives, goals, and performance.

This CR Report contains both quantitative and qualitative updates on our Environmental, Social, and Governance (ESG) program for calendar year 2024.

Additional information on Corporate Responsibility at Brixmor is available in the 2024 Form 10-K (filed on February 10, 2025), 2025 Proxy Statement (filed on March 12, 2025), and the Corporate Responsibility section of our website.

REPORTING STANDARDS

This CR Report was prepared in alignment with standards from the Sustainability Accounting Standards Board (SASB) and the Task Force on Climate-related Financial Disclosures (TCFD) and with reference to

the Global Reporting Initiative's (GRI) Sustainability Reporting Standard. This report partially applies the IFRS Sustainability Disclosure Standards IFRS S1 and IFRS S2 as issued by the International Sustainability Standards Board (ISSB). Brixmor intends to achieve full compliance with IFRS Sustainability Disclosure Standards when sufficient sustainability data becomes available, and after we have further refined control systems and processes for sustainability disclosure.

This report contains environmental performance data for assets, areas, and activities under Brixmor's organizational boundary, using the operational control approach as defined in the Greenhouse Gas (GHG) Protocol Corporate Accounting and Reporting

Standard. Under this approach, Brixmor's Scope 1 direct and Scope 2 indirect emissions include emissions from Brixmor offices and portions of shopping centers over which the Company applies operating policies and

has day-to-day property management responsibilities. Brixmor's Scope 3 emissions include emissions from all other activities occurring within the Company's value chain and not otherwise captured as part of Scope 1 or Scope 2 disclosures.

An independent third party has verified selected environmental and social performance data in this report to assure reliable, consistent, and comparable information.

‌A Message from Our CEO

Enduring as the vibrant center of the communities we serve is no small feat, particularly in today's rapidly evolving retail landscape. At its core, this requires more than just strong corporate governance. It's about fostering an environment of trust, where our teams are empowered to act as true partners to our tenants and the communities we

serve, leveraging their expertise to deliver exceptional results.

Our teams have continued to deliver sector-leading growth, increasing operating income and driving remarkable performance. In 2024 alone, we achieved record leasing activity, signed transformative tenant deals, and drove occupancy to new highs-all while maintaining a disciplined focus on capital allocation. This success is a testament to our first cultural tenet: "Great real estate matters, but great people matter even more." It's a principle that comes to life every day through the actions of our team.

In this year's report, you'll find examples of how our teams embody this culture. Whether it's coordinating tenant build-outs and merchandising or rolling up their sleeves to help tenants reopen after a natural disaster,

our teams consistently rise to the occasion, acting as stewards of the communities we serve. These moments underscore the exceptional quality of our people and the strength of our culture.

This cultural alignment also drives our approach to sustainability. To say we have the right organizational purpose for sustainability would be an understatement-it's simply good business. By

balancing short-term returns with long-term growth, we're creating value for all stakeholders. From LED lighting upgrades to water conservation initiatives, our teams continue to find innovative ways to make our properties more efficient and sustainable. I'm particularly excited about the role our properties can play in addressing some of the energy and natural resource challenges facing the communities we serve.

For example, our investments in energy efficiency have reduced like-for-like common area electricity usage by 60% and costs by 31% since 2015, avoiding as much as 27,374 metric tons of greenhouse gas emissions from being released to the atmosphere over the same period.

Our organization's success is driven by collaboration across teams, with each group playing a vital role

in delivering strong performance. The leasing team has been instrumental in attracting better tenants at better rates, contributing to record-setting results and transforming our portfolio to meet community needs.

Redevelopment and construction teams have enhanced the value of our centers through reinvestments,

creating opportunities for long-term growth. Our property management teams' continuous focus on property condition and tenant and customer experience have kept our properties operating and looking their best. Meanwhile, the investments team has strategically managed acquisitions and dispositions, ensuring we remain focused on growth in key markets. Together, these efforts are supported by a strong financial foundation, enabling us to pursue future opportunities and continue creating value for stakeholders.

At the heart of it all are our cultural tenets and shared beliefs. They serve as the foundation for decision making, guide every interaction, and ultimately

drive the exceptional performance that defines our organization year after year. Every team plays a critical role in delivering results. Together, we've created a portfolio that continues to set company records and experiences sustained tenant demand-a portfolio that is not only resilient but positioned to thrive in

any environment.

As we look to the future, we remain focused on disciplined execution, strategic growth, and creating value for all stakeholders. The momentum we've built, combined with the strength of our culture, position us to continue outperforming in the years to come.

James Taylor,

Chief Executive Officer

‌About Brixmor

Brixmor Property Group (NYSE: BRX) is a real estate investment trust (REIT) that owns and operates one of America's largest publicly-traded portfolios of open-air shopping centers, with 363 high-quality properties comprising approximately 64 million square feet of gross leasable area across 30 states.

We strive to create and maintain properties that are the center of the communities we serve, by connecting dynamic, relevant retail with unique local culture. We are home to more than 5,000 national, regional, and local businesses, including many non-discretionary and value-oriented retailers, as well as consumer-oriented service providers. With our diverse tenant mix and close proximity to households, our centers are ideally located to meet the needs of today's consumers by providing a brick and mortar shopping experience and efficient last mile distribution solution.

Our

vision

To be the center of the communities we serve by matching vibrant retailers with thriving communities.

Our mission

Deliver compelling total returns to our shareholders by

Acting Like Owners

Aggressively managing and

Upgrading Our Shopping Centers

To make them

Relevant to the Communities

They serve with

Merchants that Thrive

In a dynamic and

Competitive Environment

Disclaimer

Brixmor Property Group Inc. published this content on June 12, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on June 12, 2025 at 19:54 UTC.