Industry Leader Continues Its Emphasis on
Supporting People, Community and Planet
GREENSBORO, N.C., Aug. 8, 2022
/PRNewswire/ -- Tanger Factory Outlet Centers, Inc. (NYSE: SKT), a
leading operator of upscale, open-air outlet centers, announced
today the release of its sixth annual Environmental, Social and
Governance (ESG) Report. This report demonstrates Tanger's
continued progress in integrating ESG principles into its business
practices, addressing the issues most important to its stakeholders
and setting goals to create positive social and economic impact
while reducing its environmental footprint, all built on a
foundation of strong governance. In addition, this year's report
highlights Tanger's mission, vision and values – which are based on
engagement with its employees and other key stakeholders.
"At Tanger Outlets, our mission is to deliver the best value,
experience and opportunity for our communities, stakeholders and
partners," said Stephen Yalof,
President and Chief Executive Officer of Tanger Outlets. "For more
than 41 years, we have been dedicated to creating long-term value.
Acting as a responsible corporate citizen is intrinsic to this
commitment as we consider our impact on our people, our planet and
our communities in every decision we make."
Highlights from the report include:
- Establishing an Inclusive Workforce: Tanger conducted a
market-level assessment to analyze workforce demographic makeup at
the center level and included focused diversity, equity and
inclusion (DEI) questions in its employee pulse surveys. These
insights will inform plans to progress diversity and inclusion in
the company.
- Building a Diverse Business Community: To enhance
opportunities for small minority- and women-owned businesses in its
communities, Tanger established a Specialty Leasing Small Business
Program, which provides qualified local entrepreneurs with
additional support and tools to grow their businesses at Tanger
centers.
- Prioritizing Employee Well-being: In 2021, Tanger
demonstrated its continued commitment to investing in its employees
through enhanced health and wellness benefits that lower employee
costs and improve medical coverage and access to care.
- Impacting Tanger Communities: In 2021, Tanger donated
over $740,000 to community charities,
including 137 grants totaling $150,000 awarded to schools and educational
programs across the U.S., and employees contributed over 2,200
company-sponsored volunteer hours across the country.
- Operating Sustainably: Tanger produced nearly 6.2
million kilowatt hours of solar energy and powered over 60,000
electric vehicle charging sessions in 2021. It also completed the
transition to LED lighting at 100% of its managed centers and
reduced water usage by 5% across its portfolio in 2021 versus a
2019 baseline.
- Managing with Integrity: Tanger reaffirmed its
commitment to strong governance principles built on a foundation of
integrity and fairness and a belief that diverse perspectives lead
to better decision-making.
To learn more about Tanger's ESG strategy and progress, please
view the full report
at investors.tangeroutlets.com/corporate-responsibility/.
About Tanger Factory Outlet Centers, Inc.
Tanger Factory Outlet Centers, Inc. (NYSE: SKT) is a leading
operator of upscale open-air outlet centers that owns (or has
an ownership interest in) and/or manages a portfolio of 37 centers
with an additional center currently under development. Tanger's
operating properties are located in 20 states and in Canada, totaling
approximately 14.0 million square feet, leased to
over 2,700 stores operated by more than 600 different brand
name companies. The Company has more than 41 years of experience in
the outlet industry and is a publicly-traded REIT.
Investor Relations Contact
Doug McDonald
SVP, Finance and Capital Markets
T: (336) 856-6066
tangerir@tangeroutlets.com
Media Contact
Nathaly Martinez
KWT Global
Tanger@kwtglobal.com
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SOURCE Tanger Factory Outlet Centers, Inc.