INDIANAPOLIS, June 7, 2012 / 3BL Media / PRNewswire/ – Simon Property Group, Inc. (NYSE: SPG), the world’s leading retail real estate company, announced today that 100 % of Simon’s enclosed regional malls and Mills properties now offer waste recycling to merchants.
Simon’s commitment to recycling is well established. In 2011 the company completed a ‘Recycling Enhancement Plan’ which resulted in the conversion of more than 70 compactors from trash to recycling and the diversion of an additional 6,000 tons of waste from landfills annually. Additionally, common area recycling containers were added to 40 centers, providing recycling access to shoppers. In all, Simon recycles over 58,000 tons of material annually and has increased its diversion rate by 25% 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,” said George Caraghiaur, senior vice president of energy and procurement at SPG, who coordinates the company’s sustainability efforts. Caraghiaur also noted that pilot programs are underway for plastic film recycling and composting of food waste. Continue reading