Urban Edge Properties (NYSE: UE) today announced that it has issued its 2024 Corporate Responsibility Report detailing the Company’s significant progress in advancing its sustainability goals. The report can be found on the Corporate Responsibility page of its website.
Highlights of Urban Edge’s 2024 Corporate Responsibility program include:
- Reported a 38% reduction of scope 1 and 2 greenhouse gas emissions as compared to a 2015 base year, progressing towards its goal of 50% reduction by 2030;
- Reduced water consumption at landlord-controlled properties by 18,000 cubic meters, representing a 9% reduction in usage as compared to 2023;
- Recycled over 4,900 metric tons of materials in 2024, representing a 34% waste diversion rate;
- Obtained 11 Sustainable Property Certifications from the Institute of Real Estate Management;
- Upgraded over 70% of property roof areas with energy-efficient systems and invested over $50 million in energy-efficient roofing since 2015;
- Installed or in progress of installing over 100 electric vehicle charging stations at its properties, promoting environmental sustainability;
- Awarded “Best Places to Work in NJ” for a third consecutive year by NJBIZ Magazine; and
- Partnered with Grassroots Grocery by providing space and use of the parking lot at its shopping center in the Bronx to enable the rescue and redistribution of over 160,000 pounds of fresh produce across 25 New York City community sites weekly, reaching over 1,400 households and engaging over 100 volunteers each Saturday.
“Urban Edge had another exceptional year in 2024, making meaningful progress toward our sustainability goals,” said Jeff Olson, Chairman and CEO. “We recognize the role that our people and assets play in shaping a more sustainable future and look forward to continuing to make positive impacts in the communities in which we operate.”
ABOUT URBAN EDGE PROPERTIES
Urban Edge Properties is a NYSE listed real estate investment trust focused on owning, managing, acquiring, developing, and redeveloping retail real estate in urban communities, primarily in the Washington, D.C. to Boston corridor. Urban Edge owns 72 properties totaling 17.1 million square feet of gross leasable area.
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Contacts
For additional information:
Mark Langer, EVP and
Chief Financial Officer
212-956-0082
