Simon Property Group Inc. (SPG), a retail real estate company based in Indianapolis, has announced that 100 percent of its enclosed regional malls and properties now offer recycling services to merchants.
The announcement comes after the company completed a "Recycling Enhancement Plan" in 2011, resulting in converting more than 70 compactors at SPG’s various buildings from solid waste to recycling, which led to the diversion of an additional 6,000 tons of solid waste from landfills.
To boost its recycling efforts, SPG added recycling containers in common areas at 40 centers. The company estimates that it recycles more than 58,000 tons of material per year and has increased its diversion rate by 25 percent over the past two years.
“The fact that every one of our enclosed properties is now recycling cardboard is an accomplishment that makes us proud,” says George Caraghiaur, senior vice president of energy and procurement at SPG, who coordinates the company’s sustainability efforts. The company also is undertaking pilot programs for plastic film recycling and food waste composting.
SPG currently owns or has an interest in 338 retail real estate properties in North America and Asia.
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