Report highlights PREITs commitment to community and takes steps to improve transparency and reporting related to ESG
PREIT (NYSE: PEI), a leading real estate investment trust focused on creating thoughtful, community-centric properties, today issued the Company’s first-ever sustainability report. The report highlights the Company’s 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 PREITs 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 the Company’s commitment to small and diverse businesses and to fostering a strong culture for its most prized asset – the individuals employed by the Company.
“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,” said PREIT Chairman and CEO, Joseph F. Coradino. “Our work on this front has only just begun and as we look ahead, we endeavor to set goals that align our activities with thoughtful implementation of ESG principles across three core pillars: Community, Customization and Cultivation.”