To Our Employees, Investors, Tenants and Communities:

We are proud to publish this report on our progress toward meeting the sustainability goals we’ve set for Taubman. We’re on or ahead of schedule in most areas, and are continually identifying new ways to lessen our impact on the environment and strengthen the long-term health and prosperity of the communities in which we do business.

In 2018, thanks to the efforts of dedicated people in our corporate office and at our shopping centers across the United States, we continued to reduce greenhouse gas emissions, increase the percentage of waste diversion and reduce overall energy use. I’m pleased to share that between 2008 and 2018, we reduced our controllable electrical consumption by 38 percent.

I congratulate all of our employees on this progress and thank them for their ongoing commitment to operational excellence and sustainable business practices.

Thank you for your interest in Taubman.

Robert S. Taubman
Chairman, President & CEO

A Letter from the Director of Facilities, Energy and Sustainability

Buy-In at Every Level of the Organization

No sustainability program can be successful without enthusiastic buy-in at every level of the organization. At Taubman, we are fortunate to have such buy-in, and it’s great to see the innovative efforts underway to meet and exceed the ambitious sustainability goals we’ve set.

In our new report, we share both a statistical analysis of our progress and stories that illustrate the true commitment of our people. You’ll read about our new solar installations at The Mall at Short Hills (Short Hills, NJ), Cherry Creek Shopping Center (Denver) and Westfarms (West Hartford, CT), as well as important waste diversion programs at International Market Place (Honolulu, HI), and the popular electric car charging stations at International Plaza (Tampa, FL).

Through major initiatives like these, and the everyday contributions of our dedicated people, we’re making a positive difference for our business and for the communities we serve. Thank you for taking the time to read our report.

Steven D. Moore II
Director of Facilities, Energy and Sustainability

About Taubman

Who We Are

Since our founding in 1950, Taubman (NYSE: TCO) has earned a reputation for creating extraordinary retail environments. Today, Wwe own, manage and/or lease 26 regional, super-regional and outlet shopping centers across the United States and Asia.. Our portfolio of properties, located in major markets from coast to coast, is the most productive in the publicly held U.S. regional mall industry.

Search Taubman Properties

Our Governance

We recognize that strong governance improves corporate decision making and strengthens our company. The Board of Directors of Taubman Centers, Inc. has adopted certain corporate governance principles establishing a common set of expectations to assist the Board and its committees in performing their duties in compliance with applicable requirements.

Corporate Governance Guidelines 142 KB

Stock Ownership Guidelines 21 KB

Our Values and Code of Conduct

In everything we do we are guided by the following values:

  • We Take the High Road
  • We Play For the Team
  • We Respect Everyone
  • We Push the Envelope
  • We Pursue Excellence
  • We Honor Tomorrow Today
  • We Are Accountable For Our Results
  • We Love What We Do

Our Code of Business Conduct and Ethics sets out basic principles to guide the actions and decisions of all employees, officers and directors of Taubman Centers, Inc. and its affiliates.

Code of Business Conduct and Ethics 612 KB

Our Sustainability Commitment

Sustainability Mission Statement

Consistent with our history and core values, we are committed to sustainable business practices that respect people, lessen our environmental impact, and benefit the communities we serve.

Sustainability Task Force

A Sustainability Task Force representing all the functions of the company guides our sustainability efforts and helps set our improvement goals. Thanks in large part to the Sustainability Task Force, Taubman employees working at headquarters and in our properties are enthusiastically engaged in our sustainability programs and initiatives.

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TCO 35.19
Change+1.16(+3.41%) Volume: 786,952 October 22, 2020