Kimco Realty : 2024 Corporate Responsibility Report
KIM
Published on 06/23/2025 at 09:14
Corporate Responsibility Report
2024
kimcorealty.com
Phillips Crossing, Orlando, Florida
About Kimco Realty®
Kimco Realty® (NYSE: KIM) (Kimco, the Company) is a real estate investment trust (REIT) headquartered in Jericho, N.Y. that is a leading owner and operator of open-air, grocery-anchored shopping centers and mixed-use properties in the United States. The Company's portfolio is strategically concentrated in the first-ring suburbs of the top major metropolitan markets, including
those in high-barrier-to-entry coastal markets and rapidly expanding Sun Belt cities, with a tenant mix focused on essential, necessity-based goods and services that drive multiple shopping trips per week.
Publicly traded on the NYSE since 1991 and included in the S&P 500 Index, the
Company has specialized in shopping center ownership, management, acquisitions, and value enhancing redevelopment activities for more than 65 years. As of December 31, 2024, the company owned interests in 568
U.S. shopping centers and mixed-use assets comprising 101 million square feet ("SF") of gross leasable space.
About This Report
This report was prepared in reference to the Global Reporting Initiative's (GRI) Standards (GRI 1: Foundation 2021) and incorporates disclosures aligned with the Sustainability Accounting Standards Board (SASB) standards and Task Force on Climate-related Financial Disclosures (TCFD) recommendations. Additionally, we believe that
via application of the TCFD recommendations and SASB standards, the information in this report partially addresses the recommendations of the
International Sustainability Standards Board (ISS-B)'s S1 and S2 standards.
For ease of navigation, this report is divided into three sections. The Summary Report includes a general program overview and narrative describing key priority areas. The GRI Content Index identifies the location of specific disclosure data within source documents with callouts for SASB and TCFD disclosures. The Report Appendix contains more detailed data, including historical data, not addressed in the Summary Report or in other documents.
Unless otherwise noted, the scope of environmental performance data included within this report is limited to those properties and corporate offices over which the Company holds operational control. Operational control is defined as day-to-day property management responsibilities and excludes third-party managed properties and third-party managed corporate offices. Quantitative data in this report are from calendar year 2024, unless otherwise stated.
Note: The Company has elected to disclose pertinent information on its climate impact and strategy via our public reporting in lieu of responding to a more limited subset of stakeholders in the CDP Disclosure.
Contents
A Letter to Our Stakeholders 4
Our Corporate Responsibility 5
Program
Communicate Openly with 7
Stakeholders
Our Approach to Climate Change 9
Embrace the Future of Retail 13
Engage Tenants & Communities 18
Lead in Operations & Resiliency 22
Foster an Engaged, 27
Collaborative & Ethical Team
Important Notes and Disclaimers 33
External Verification Statement 35
Content Index 36
Report Appendix 40
Suburban Square and Coulter Avenue, Ardmore, Pennsylvania
Historical Data 47
Arbor Lakes Retail Center, Maple Grove, Minnesota
A Letter to Our Stakeholders
At Kimco, Corporate Responsibility is a practical extension of our business strategy - one that supports the long-term performance of our assets and the value we deliver to tenants, communities, and shareholders.
With more than six decades of experience operating in local markets, we've seen firsthand how targeted investments in efficiency, infrastructure, and people can drive meaningful business outcomes. Our approach focuses on initiatives that reduce operating costs, unlock advantages of scale, enhance tenant and customer satisfaction, and strengthen the long-term viability of our centers.
Heading into 2025, we've already delivered on several of our longterm objectives, including the establishment of low-carbon transportation infrastructure at 25% of our properties, the issuance and full allocation of a Green Bond to support eligible improvements, and the continued expansion of residential units within our mixed-use portfolio. These milestones reflect a disciplined, results-oriented approach that aligns with our commitment to creating enduring, high-performing retail destinations.
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Corporate Responsibility Report 2024 | 4
We invite you to read more in the full report.
Sincerely,
Conor C. Flynn
Chief Executive Officer
Ross Cooper
President, Chief Investment Officer
Glenn G. Cohen
Executive Vice President, Chief Financial Officer
David Jamieson
Executive Vice President, Chief Operating Officer
Milton Cooper
Chairman Emeritus
Our Corporate Responsibility Program
Corporate Responsibility Oversight
The Nominating and Corporate Governance Committee of the Company's Board of Directors ("Board" or "Board of Directors") is responsible for reviewing and monitoring the Corporate Responsibility Program ("the Program"), including climate-related and other policies and initiatives with management and monitoring progress and implementation of the goals established for the Program.
Kimco's CEO, Conor Flynn, who is a Director, is the executive sponsor of the Program with oversight over related topics. All Kimco named executive and corporate officers have Corporate Responsibility performance metrics, including certain climate and stakeholder engagement metrics, tied into their compensation plans. Employee wellness is considered in certain individual executive compensation plans.
Kimco's management-level Corporate Responsibility Steering Committee is responsible for regularly reviewing and recommending strategic priorities, including those related to climate. The Committee reports quarterly to the Board, providing continuing education sessions on Corporate Responsibility topics. This Steering Committee is cross-func-tional, comprised of both named executive and corporate officers as well as departmental and regional executives.
Subcommittees focus on cross-stakeholder communications and capital improvement planning to help the Company achieve its science-based climate target and other corporate responsibility goals.
Foster an Engaged, Collaborative and Ethical Team
Cultivate employee satisfaction and foster collaboration across organizational levels
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Led by the Vice President of Corporate Responsibility, the Corporate Responsibility Department includes staff dedicated to driving key Corporate Responsibility strategies, programs, and initiatives across the organization. Additionally, the Program's governance structure allows for employee feedback and programming via employee driven KIMunity Councils and Employee Resource Groups, which
Strategic Areas of Focus
Communicate Openly with Stakeholders
Regularly engage with key stakeholders, reporting relevant information on pertinent issues
Embrace The Future of Retail
Foster a sense of place at our shopping centers, creating people-centered properties for enhanced convenience and accessibility
Engage Tenants and Communities
Support tenant success and foster community well-being, serving as a positive presence
Lead in Operations and Resiliency
Enhance operational efficiency and safeguard assets from operational disruption
are open to all employees
Disclaimer
Kimco Realty Corporation published this content on June 23, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on June 23, 2025 at 13:13 UTC.