Are you ready to respond to sustainability demands?
The shopping center landscape has undergone significant changes. The pressure for shopping center owners and operators to meet new shopper expectations while demonstrating a commitment to sustainability is critical to thriving in today’s market.
In fact, according to Gartner, 85% of investors considered ESG (Environmental, Social and Governance) factors in their investments in 2020. Showing that investors are serious about their preference for companies that meet ESG criteria. When it comes to consumers, IBM Research Insights states that, 57% of consumers are willing to change their purchasing habits to help reduce negative environmental impact. Proving that consumers are more interested in what corporate responsibility efforts a company is taking.
In order to showcase a meaningful commitment to sustainability, shopping center owners must be able to not only plan but also implement environmental initiatives. Not to mention the added benefit of reducing maintenance costs and energy consumption.
Executing on your ESG plans is the most challenging part
When it comes to ESG initiatives, implementation matters. You will need to streamline and accelerate your property upgrades to provide a unique experience for shoppers and ensure your investors are satisfied with your progress.
But implementation across a large portfolio is easier said than done. Managing a large scale ESG rollout requires:
Dedicated time and effort
Buy in from stakeholders that shopping centers often lack to make budget decisions
Decision making alignment which shopping centers typically have inconsistency in local decision making
Managing a large number of vendors in different regions which is often slow and runs into project hurdles
Showcase real ESG progress in months not years
By taking a centralized approach to ESG investments, you’ll accelerate your progress, favorably position your properties and have the data to prove it. An end-to-end managed ESG program focused on mobilizing and monitoring your ESG strategy will help you deploy capital cost effectively and free up valuable time to focus on other important initiatives.
Your organization will experience the following benefits within six months:
Identify, budget and quickly execute on high-impact property improvements
Exceed shopper expectations to increase traffic
Showcase ESG progress to attract retail real estate investors
With SitelogIQ as your partner, you’ll develop an industry-specific energy efficiency program that encapsulates your investors’ and shoppers’ values. We make it easy to roll out proven ESG solutions across your portfolio.
SitelogIQ has a history of fruitful partnerships with shopping center owners. In our 14+ years of shopping center experience, we’ve completed more than 225 projects across 36 states. Our sustainability initiatives pay for themselves in two to four years on average.
Our turnkey solutions allow shopping center owners and operators to move on from the planning phase. With SitelogIQ, you’ll initiate concrete environmental, social, and governance (ESG) plans and collect the information you need to communicate results to investors, shoppers and customers. Our shopping center clients experience benefits such as:
Speed and scale to execute portfolio-wide initiatives across the United States due to our best practices, turnkey approach to avoid pitfalls from inexperience or overly simplistic methods.
Cost-effective rollouts due to cohesive project management, installation resources and consistent designs.
Expert in-house design services to provide optimal savings and efficiency.
Single end-to-end accountability, with warranty management to reduce time.
Access to direct manufacturer relationships and strong buying power.
On-demand visibility into projects and progress with our PortfolioIQ tool.
Our team of experts handle every step of your ESG program including:
Are you ready to impress with a meticulously curated ESG solution? SitelogIQ will help you enhance your shopping experience while boosting energy efficiency and reducing operational costs. We encourage you to contact us online to discuss your shopping center sustainability situation.