To Our Employees, Investors,
Tenants and Communities:

This is the second year we’ve published a formal report on our progress toward meeting the sustainability goals we’ve set for Taubman Centers. 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 2016, thanks to the efforts of dedicated people in our Bloomfield Hills headquarters and at our retail properties 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 report that between 2008 and 2016, we reduced our controllable electrical consumption by 32 percent.

Taubman Reduced Controllable Electrical
Consumption by 32 Percent since 2008

From 2008 to 2016, reduced consumption by:
2016
32%

I want to congratulate all my Taubman Centers associates for earning a Green Star recognition and the GRESB Five Star ranking in this year's Global Real Estate Sustainability Benchmark (GRESB), the most respected measure of sustainability performance for real estate portfolios world-wide. Such comparative recognition demonstrates our commitment, validates our progress, and inspires us to do even better.

Thank you for your interest in Taubman.


Robert S. Taubman
Chairman, President & CEO

A Letter from the Director, Energy Management

Buy-In at Every Level
of the Organization

No sustainability program can be successful without enthusiastic buy-in at every level of the organization. That’s why it’s so great to see the innovative efforts under way at every Taubman center to meet the ambitious goals we’ve set for ourselves. In this report, in addition to the statistical analysis of our progress, we share a few of the stories that illustrate the commitment and focus of our people.

You’ll read about the efficient new LED lighting we’ve installed at Stamford Town Center. By 2018 we expect 75 percent of the interior and exterior space at our properties to be fitted with energy-saving LED lights. We’re very excited about the electric car charging stations installed in a number of our centers. International Plaza in Tampa, Florida, is seeing strong demand for this increasingly popular customer amenity. And we are very proud of our LEED (Leadership in Energy and Environmental Design) certification at City Creek Center in Salt Lake City, where our retractable skylight roofing system is proving to be a big hit with shoppers and a major energy-saver for the center.

At Great Lakes Crossing Outlets in Auburn Hills, Michigan, the property’s storm water retention system is winning praise from state environmental agencies as well as a couple of very content nesting egrets and sandhill cranes. Our properties are contributing to sustainable communities across the United States. Free wellness seminars are held each week at The Mall at University Town Center in Sarasota, and the revenues at International Market Place in Waikiki support the Queen’s Medical Center, Hawaii’s largest private non-profit hospital.

Everyday, Taubman people are making an important difference at our centers and in the communities we serve, giving both time and resources. Seeing all that creative energy being expended to improve our environmental performance is a very satisfying part of my job. Thanks for checking out our report.

Steven D. Moore II
Director, Energy Management

About Taubman

Who We Are

We own, manage and/or lease regional, super-regional and outlet shopping centers across the United States. Since our founding in 1950, we’ve earned a reputation for creating extraordinary retail environments for shoppers, retailers, communities and investors.

We’re headquartered in Bloomfield Hills, Michigan, and 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. Average sales per square foot in our centers were $792 in 2016. Shares of Taubman Centers, Inc. (NYSE: TCO), a Real Estate Investment Trust, have been trading on the New York Stock Exchange since 1992.

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 (PDF 235 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 (PDF 617 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 a majority of the functions in 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 53.39
Change+0.09(+0.17%) Volume: 767,261 December 7, 2018