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I am proud of the dedication our team has demonstrated to our ESG program over the past few years and all that we have achieved. We look forward to making additional progress in these areas, setting more ambitious and measurable goals, and increasing transparency through enhanced reporting and alignment with GRESB and other industry reporting mechanisms.

Stephen Lebovitz, CEO - CBL Properties

CBL’s dedicated ESG Team is focused on sustainability, social and corporate governance, as well as ESG reporting. The members that make up this committee represent various departments within the company, and is led by CBL’s executive management team. CBL’s ESG Team reports to the CEO and the board of directors on at least a bi-annual basis.

CBL believes that we should embrace corporate responsibility, promoting a culture of accountability, fairness, and transparency in how we manage our relationships with investors, team members, tenants, and partners. We have a comprehensive set of policies and procedures that govern the activities of the group, including:

  • Social policies: CBL sets standards on diversity and equal opportunity employment, worker rights, discrimination, stakeholder engagement, employee performance and career development, human rights and workplace accountability, freedom of association, and labor practices.
  • Governance policies: CBL maintains standards and policies on bribery and corruption, data protection & privacy, cybersecurity, executive compensation, fiduciary duty, fraud, political contributions, whistleblower protection, internal audit, and risk management. CBL also maintains a comprehensive disaster recovery and business continuity plan designed to minimize the impact of unplanned business interruptions.
  • Sustainability policies: CBL maintains policies outlining CBL’s commitment and programs related to sustainable building practices, sustainable property management, and is implementing green lease language in new leases.

CBL’s commitment and approach to ESG is holistic, driven by socially responsible actions and strong corporate governance that considers both near and long-term perspectives.