Indianapolis-based Simon Property Group Inc. (NYSE: SPG) says it has achieved its 2020 sustainability goals. The company says it will now begin a newly-established sustainability strategy and work to reach emissions reduction targets set by the Science-Based Targets Initiative.
“Having successfully achieved the progress outlined in our 2019 Sustainability Report, Simon is excited to launch our new strategy and continued commitment to sustainability,” said Mona Benisi, Vice President of Sustainability, Simon.
The Science-Based Targets Initiative tells companies how much and how quickly they need to cut greenhouse gas emissions. The program is a partnership from CDP Global, World Resources Institute, World Wide Fund for Nature and United Nations Global Compact.
“We follow scientific consensus and are setting our new emission reduction targets to align with the levels of de-carbonization required to keep global temperature increase below 1.5 degrees Celsius, compared to pre-industrial temperatures,” said Benisi. “We are doing our part to limit the impact of climate change.”
The Simon sustainability strategy also incorporates a focus to meet climate-related recommendations made by the Task Force on Climate Related Financial Disclosures in the coming years.
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