From the 2023 Regency Centers Corporate Responsibility Report: Diversity, Equity, and Inclusion
Originally published in the 2023 Regency Centers Corporate Responsibility Report
Over the past several years, we have become more intentional in further advancing initiatives that support growth in the diversity of our organization, which we believe is crucial to the continued success of our business. Aligned with our DEI strategic roadmap, Regency continues to focus on improving diversity across our operations and organization, enabling our employees to grow and succeed.
We continue to foster a culture in which everyone is respected, valued, and has an equal opportunity to contribute and thrive. Our 480+ shopping centers are in trade areas throughout the U.S., and our tenants and customers at our centers represent a cross section of those communities. We remain focused on building a workforce that is representative of our centers and the communities in which we operate.
During 2023, our focus has been to create clarity around our overall goals and commitments and develop the action plans needed to get us there. As a foundational step, we hired a dedicated internal resource to help support our DEI and social impact initiatives. We also expanded our early-career outreach and talent diversity efforts by partnering with Project Destined, together with 250+ leading real estate firms and 300+ universities around the country.
Project Destined is a leading non-profit that provides diverse students with opportunities to explore ownership through participation in live real estate deals. Regency’s first group of Project Destined students came to us from Florida A&M University and the University of Miami. The group participated in a live deal pitch competition, where they were judged against other groups that were mentored by various organizations partnering with Project Destined. Regency’s team took home 1st place in their division in early 2024.
We also continued our participation in the Management Leadership for Tomorrow (MLT) Racial Equity at Work Program, enhanced manager training to include inclusive leadership skills, and broadened our philanthropic partnerships aimed to help tackle drivers of systemic disparities in the communities that we serve. Our new partnership with The Ferguson Centers for Leadership Excellence supports empowerment of diverse students to pursue real estate and related sectors.
Regency continues to measure and report quarterly to our Board to ensure accountability, and drive progress such that employee demographics more closely reflect the demographics of the communities we serve. In addition, we track several other critical metrics that measure the effectiveness of our DEI strategy - such as an index to gauge the extent to which our team members feel respected and valued for bringing differing perspectives, ideas, and experiences.
To supplement the quantitative disclosure on this page and in our Appendix we publish our most recently filed U.S. Federal Employer Information Report (Form EEO-1) on our Corporate Responsibility webpage. While we make the EEO-1 report available, we believe the data presented in this 2023 Report is the most meaningful measure of our diversity performance.
28% New Hires from Underrepresented Ethnic Groups
87% of Our Employees Responded Favorably to Being Treated Fairly Regardless of Differences (1)
Read the full 2023 Regency Centers Corporate Responsibility Report
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(1) Annual Regency Centers Employee Engagement Survey.
