Tanger Factory Outlet Centers Inc..
SKT.US | Real estate activities with own or leased property
Tanger Factory Outlet Centers, Inc. is a real estate investment trust (REIT) that operates and invests in a portfolio of open-air shopping centers, primarily factory outlet centers. The company focuses on developing, acquiring, owning, leasing, and managing outlet centers in the United States and Ca...Show More
Better Health for All
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Tanger Factory Outlet Centers has achieved the WELL Health-Safety Rating for all 36 of its properties, encompassing approximately 13.9 million square feet.
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This rating signifies enhanced sanitation procedures, emergency preparedness programs, and health service resources for shoppers and employees.
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For instance, one center retrofitted 28 hand dryers with eHEPA filtration systems, which remove 99.999% of viruses and 99.97% of bacteria, at 0.3 microns
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, contributing to improved restroom hygiene and a 94% reduction in carbon footprint compared to paper towels.
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The company also hosts a walking club at one of its centers to promote physical activity
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and raises awareness for early detection of breast cancer.
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Tanger's core business, as a real estate investment trust, does not generate revenue from products or services with direct negative health impacts.
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Fair Money & Economic Opportunity
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SKT.US operates as a real estate investment trust (REIT) focused on owning and managing outlet centers, generating revenue primarily from rental income.
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The company's core business activities do not involve lending, insuring, moving, or storing money for consumers, which are the primary activities assessed under the 'Fair Money & Economic Opportunity' value. The sole provided article explicitly states that it contains no data relevant to SKT.US or this ethical value.
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Therefore, no KPIs can be scored based on the available information.
Fair Pay & Worker Respect
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The company's CEO-to-median-employee pay ratio was 73x in fiscal year 2023.
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Employee engagement, based on 79 Glassdoor reviews, shows an average rating of 3.7 out of 5 stars
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, with 51% of employees recommending working there.
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Compensation and benefits received a rating of 3.0 out of 5 stars.
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Fair Trade & Ethical Sourcing
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No specific quantitative data was found in the provided articles regarding fair trade certifications, supplier audit frequency, forced or child labor incidents, supply chain traceability, remediation speed for violations, ethical clause coverage in supplier contracts, the share of spend on high-risk materials, or the percentage of procurement budget directed to diverse suppliers.
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While a program to support small minority- and women-owned businesses was mentioned, no specific percentage of procurement budget was provided.
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Honest & Fair Business
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No specific, concrete data points were found in the provided articles for any of the KPIs related to Honest & Fair Business. While the existence of a Whistleblower Policy and a Code of Business Conduct and Ethics is mentioned, no details regarding their strength, enforcement, scope, effectiveness, or any quantitative metrics were provided to allow for scoring against the rubric's specific thresholds.
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Kind to Animals
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The company is a real estate investment trust (REIT) that operates shopping centers. Its business model does not involve manufacturing products, animal testing, animal agriculture, or sourcing animal-derived ingredients. Therefore, KPIs related to these activities are not applicable and score 0. While the company has expanded biodiversity initiatives, including a beehive program to 10 North American locations
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and a tree planting initiative at each U.S. property,
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the provided information does not include measurable biodiversity impact, species recovery metrics, or the percentage of revenue allocated to these initiatives, which are required for scoring the wildlife conservation impact KPI. Thus, this KPI is omitted due to lack of specific, measurable evidence.
No War, No Weapons
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Tanger Factory Outlet Centers, Inc., a real estate investment trust, has no direct involvement in arms manufacturing, military contracts, or conflict facilitation. The company's core business does not generate revenue from arms or defense contracts, nor does it involve dual-use technology, sales to embargoed regimes, or defense-related lobbying. Its AI systems are used for internal security monitoring of shopping centers, not for military applications. The company is a signatory of the United Nations Global Compact (UNGC) since 2022, committing to its Ten Principles and reporting annually on implementation.
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It has no assets in conflict-exposed sectors, nor does it procure from conflict-affected areas. The company's Code of Business Conduct and Ethics sets expectations for appropriate conduct, and it reported no confirmed incidents of discrimination or ethics hotline calls in 2024.
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Planet-Friendly Business
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In 2024, 42% of electricity consumption was from renewable sources.
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The company has a net-zero Scope 1 and 2 GHG emissions target year of 2050, with an intention to establish a roadmap including interim targets in 2024, and plans to set science-aligned climate targets in 2025.
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As of December 31, 2024, 58% of its portfolio's gross leasable area is LEED certified.
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The waste diversion rate was 52.9% in 2024, and water withdrawal was 6,330.9 m³ per $1 million of revenue in 2024.
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No incidents of non-compliance with environmental laws and regulations were reported.
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The company aligned with TCFD recommendations in 2022
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and plans to complete TCFD-aligned scenario planning in 2025.
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An enterprise-wide Climate Risk Assessment was performed in 2024, utilizing IPCC Representative Concentration Pathway Scenarios (RCP) 2.6, 4.5, and 8.5.
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Respect for Cultures & Communities
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No specific, quantitative, or actionable evidence was found in the provided articles to assess Tanger Factory Outlet Centers Inc. against the 'Respect for Cultures & Communities' ethical value. The articles primarily discuss company culture, employee experience, or express general solidarity with communities without providing concrete data points relevant to the defined KPIs.
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Safe & Smart Tech
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The company's privacy policy, updated March 3, 2025,
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allows users to update personal information, manage preferences, opt-out of marketing emails, and delete accounts
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. The policy also states that data is retained only as needed for business and legal purposes
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. Furthermore, the policy addresses compliance with US state privacy laws, including the California Consumer Privacy Act (CCPA),
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and generally mentions US state privacy rights
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Zero Waste & Sustainable Products
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Tanger Factory Outlet Centers reported a waste diversion rate of 53% in 2023.
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The company has a goal to divert at least 65% of waste by 2025.
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All waste generated is stated to be non-hazardous.
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, and no waste disposal violations have been reported.
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The company has implemented over 90 program enhancements for waste optimization.
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, including mixed recycling programs in new markets and plastic recycling program enhancements.
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Customer education efforts include National Recycling Day communications and providing information on proper recycling.
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While environmental aspects are considered in supplier selection, there is no formal screening process for supplier waste requirements.
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