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Retail Properties of America Inc..

RPAI.US | Real estate activities with own or leased property

Retail Properties of America, Inc. (RPAI) is a real estate investment trust (REIT) that primarily owns and operates a diversified portfolio of shopping centers, mixed-use properties, and outparcels located in the United States. The company focuses on acquiring, developing, redeveloping, and managing...Show More

Ethical Profile

Mixed.

Retail Properties of America Inc. (RPAI) has a mixed ethical profile. During the COVID-19 crisis, its merged entity, Kite Realty Group, launched a $5 million small business loan program for tenants, offering up to three months of operating expenses at 4% interest. Regarding environmental efforts, reports indicate a 35.4% waste diversion rate in 2023 and waste efficiency measures at 90 properties, though critics point to data gaps concerning tenant waste. Across several other key ethical areas, including fair pay, ethical sourcing, honest business practices, and planet-friendly initiatives, there is insufficient public data available to make a comprehensive assessment of RPAI's direct performance.

Value Scores

Better Health for All0
-100100
Fair Money & Economic Opportunity0
-100100
Fair Pay & Worker Respect0
-100100
Fair Trade & Ethical Sourcing0
-100100
Honest & Fair Business-40
-100100
Kind to Animals0
-100100
No War, No Weapons0
-100100
Planet-Friendly Business-50
-100100
Respect for Cultures & Communities0
-100100
Safe & Smart Tech0
-100100
Zero Waste & Sustainable Products-30
-100100

Better Health for All

0

The company's core business as a real estate investment trust has no significant direct positive or negative health impact. It demonstrates substantial positive health externalities, achieving a 31.5% cumulative reduction in Scope 1 and 2 greenhouse gas emissions from a 2019 baseline

1
and planting over 50,000 trees.
2
Its Project Green reforestation effort aims to produce 13.1 million pounds of oxygen and remove 2.4 million pounds of carbon dioxide annually once mature.
3
The company also supports mental health awareness in communities through a partnership with the 988 Suicide & Crisis Lifeline, installing "Signs of HOPE" across its portfolio,
4
and provides employees with online wellness content on emotional well-being.
5
The company's operations do not involve healthcare-related patents, clinical trials, health data management, or products with addiction potential, nor does it primarily produce or sell food products or engage in health education. No specific data was provided for harmful revenue share, safety record, vulnerable reach, health innovation investment, healthcare workforce support, preventative health measures, or global health crisis response that met the quantitative thresholds of the rubric.

Fair Money & Economic Opportunity

0

RPAI.US is a real estate investment trust (REIT) that owns and operates retail properties, primarily generating revenue through leasing space. The provided articles discuss a small-business loan program launched by Kite Realty Group Trust in 2020

1
. As the articles do not explicitly state that these actions were undertaken by RPAI.US, or that RPAI.US was Kite Realty Group at the time of the program, this information cannot be attributed to RPAI.US. Consequently, for the 'Fair Money & Economic Opportunity' value, RPAI.US does not offer consumer lending, deposit services, or other financial products that would be assessed by most of the KPIs. Therefore, the company receives a score of 0 for these KPIs, indicating they are not applicable to its core business model. No evidence was found for profit reinvestment in community finance.

Fair Pay & Worker Respect

0

The provided articles state that no regulatory actions, violations, fines, or compliance issues related to labor are mentioned for the company.

1

Fair Trade & Ethical Sourcing

0

No quantitative data is available across the provided articles to assess RPAI.US against the Fair Trade & Ethical Sourcing value. Specifically, there is no information on the percentage of tier-1 spend covered by fair-trade certifications, average audit frequency for suppliers, the number of substantiated forced or child labor incidents, traceability coverage of suppliers, median days to close corrective action plans, the percentage of supplier contracts with enforceable ethical-sourcing clauses, the share of spend on high-risk materials, or the percentage of procurement budget directed to diverse suppliers.

1
While RPAI's Vendor Code of Conduct outlines ethical standards for vendors, no specific metrics or performance data are provided.
2

Honest & Fair Business

-40

RPAI provides third parties with general procedures to raise concerns and anonymously report ethically-questionable behavior using its EthicsPoint Hotline.

1
The company has a formal Vendor Code of Conduct (VCOC) that requires vendors to comply with all applicable anti-corruption and anti-money laundering laws, including the Foreign Corrupt Practices Act (FCPA).
2
The VCOC permits unsolicited gifts and business courtesies not exceeding $200, but prohibits cash or cash equivalents unless pre-approved.
3
RPAI requires its employees to disclose personal relationships with tenants, suppliers, vendors, or contractors to prevent conflicts of interest.
4
An investigation was initiated into possible breaches of fiduciary duty by RPAI's board of directors concerning a proposed merger, focusing on whether the merger consideration adequately compensated shareholders and if the board was fully informed on valuation.
5

Kind to Animals

0

RPAI.US, as a real estate investment trust (REIT) that merged with Kite Realty Group Trust, does not engage in activities such as product manufacturing, animal testing, animal agriculture, or the use of animal-derived ingredients. Consequently, KPIs related to cruelty-free certification, alternative testing methods, humane certifications for operations, ethical input substitution, cage-free sourcing, animal testing policy and volume, animal agriculture ethics, and animal-free R&D collaboration are not applicable to its business model. The company's membership in real estate industry associations (Nareit and ICSC) does not relate to animal welfare policy engagement.

1
While the company has planted over 50,000 trees as part of its reforestation efforts, the provided information does not include measurable biodiversity impact or the percentage of revenue dedicated to conservation, which are required to score the wildlife conservation impact KPI.
2

No War, No Weapons

0

No relevant evidence was found in the provided article to assess RPAI.US against the 'No War, No Weapons' ethical value. The article pertains to KRG (Kite Realty Group Trust) and does not contain any information about RPAI.US's involvement in arms manufacturing, military contracts, or conflict facilitation.

Planet-Friendly Business

-50

The company's Scope 1 and 2 greenhouse gas emissions were 29,677 tCO2e in 2023, with a 13.7% year-over-year reduction.

1
It has an SBTi-approved goal to decrease Scope 1 and 2 GHG emissions by 46.0% by 2030 from a 2019 baseline.
2
9.47% of its operational energy is sourced from renewables.
3
55% of its retail operating properties hold IREM certification.
4
The organizational waste diversion rate was 35.4% in 2023.
5
The company reported no significant environmental compliance violations during the reporting period.
6
Its TCFD risk assessment disclosure is included in its report, with partial alignment that includes climate scenario analysis.
7
However, its climate scenario analysis is rudimentary, reviewing only the IPCC RCP 8.5 scenario, which assumes 4 degrees of warming by 2100.
8

Respect for Cultures & Communities

0

No evidence available to assess Retail Properties of America Inc. on Respect for Cultures & Communities.

Safe & Smart Tech

0

No relevant data was found in the provided article to assess RPAI.US against the 'Safe & Smart Tech' ethical value.

Zero Waste & Sustainable Products

-30

The company's waste diversion rate was 35.4% in 2023.

1
No waste disposal violations or citations were reported in 2022
2
or 2023.
3

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AI-generated analysis based on publicly available data. Not financial advice. Ratings are expressions of opinion derived from automated models and may contain inaccuracies. See our Risk Disclosure for full details.