Tamara Chernomordik, VP of ESG at Kimco Realty Corporation (NYSE: KIM), participated in a video interview at Nareit’s REITworks: 2023 Conference in Las Vegas on June 28-29.
Chernomordik said Kimco communicates with its stakeholders internally via employee calls and councils and externally via its national call center and regular tenant engagement.
“In listening and understanding what our stakeholders need and want, we can really think about what innovation means and what the future of retail means for us and for our tenants,” she said.
Chernomordik added that when Kimco is faced with a climate-related event, the primary focus is on the safety of employees, tenants, and community members, as well as the quick return to business.
“This is livelihood for the tenants that are in our shopping centers—this is their daily job, this is how they make their income,” she said. “Helping them get back to it as soon as possible is really important.”
Chernomordik added that Kimco is very data-driven and is proactive about flood mapping and examining seismic activity.