Big Shopping Centers Joins International Group for Retail Sustainability Metrics
Translated & summarized from Ynet by baba
Big Shopping Centers Group has joined the international SRI Association, which promotes sustainability metrics for retail chains. The partnership aims to improve transparency and encourage sustainable practices among retailers operating in Big's properties. Yasmin Elad from Big has been appointed to the association's board, and CEO Hai Galis highlighted the move as a reflection of the group's global standing and commitment to sustainability.
The story in 5 lines · by baba
- Big Shopping Centers Group joins the international SRI Association to promote retail sustainability metrics.
- The SRI Index helps assess and improve sustainability performance of retail chains.
- Yasmin Elad of Big has been appointed to the SRI Association's board of directors.
- The initiative aims to provide consumers with information for sustainable purchasing decisions.
- Big's CEO noted the move reflects the group's global standing and European presence.
Big Shopping Centers Group has entered a strategic partnership with the SRI (Sustainable Retail Index) Association, an international organization focused on promoting transparency and measurement of sustainability performance among retail chains. The association includes major global retail and real estate groups such as Unibail-Rodamco-Westfield (URW), Ingka Centres (which manages IKEA centers), and Sonae Sierra.
The SRI Index allows shopping center owners to assess the sustainability performance of retailers operating within their properties. This initiative aims to foster improvements in collaboration with tenants and provide consumers with information to make more informed and sustainable purchasing decisions. The index is developed with methodology from Good On You, a firm specializing in evaluating the sustainability performance of brands and retailers, considering environmental and social aspects across the value chain, as well as in-store initiatives.
As part of the collaboration, Yasmin Elad, ESG and Corporate Responsibility Manager at Big, has been appointed to the international association's board of directors. He stated that the partnership with leading commercial real estate companies will accelerate the adoption of shared tools and standards, strengthen dialogue with retailers, and promote sustainable consumption.
Hai Galis, CEO of Big Shopping Centers, noted that Big's appointment as a partner director alongside leading global retailers underscores the group's international standing and its significant role in Europe. He added that, similar to European companies, Big is adopting sustainability standards as an opportunity to create shared value for property owners, retailers, and customers.