Big Shopping Centers Joins International Sustainability Group
Translated & summarized from Calcalist by baba
Israeli real estate company Big Shopping Centers has joined the international Sustainable Retail International (SRI) association, which promotes sustainability among retail chains. Big's CEO, Hagai Galis, stated the move reflects the company's significant European presence and its commitment to sustainability standards. The SRI initiative aims to enhance transparency and inform consumer choices regarding sustainability.
The story in 5 lines · by baba
- Big Shopping Centers joins the international SRI association to promote retail sustainability.
- The SRI includes major real estate firms like Westfield and IKEA's shopping center arm.
- Big's CEO Hagai Galis highlighted the company's strong European presence and sustainability goals.
- Big recently acquired seven Bulgarian shopping centers for 223 million euros.
- The SRI initiative will provide consumers with data for informed, sustainable purchasing decisions.
Big Shopping Centers, an Israeli real estate company, is joining the Sustainable Retail International (SRI) association, an international body dedicated to promoting sustainability among retail chains. The association includes major real estate giants such as Unibail-Rodamco-Westfield, which operates Westfield malls, Ingka Centres (the shopping center arm of IKEA), and Sonae Sierra. Big will be the first Israeli representative in the SRI.
"In the Israeli market, people don't understand how strong Big is in Europe," said Hagai Galis, the group's CEO. "We have become a significant and valued player in Europe, and joining this association is further proof of that. Like the European companies, our goal is to promote sustainability standards."
Last week, Big announced its expansion into Bulgaria with the acquisition of seven shopping centers for 223 million euros. Galis noted that Big currently operates 20 shopping centers in the Balkans with three more under construction, in addition to 15 centers in Poland with eight more being built.
The SRI aims to foster collaboration with tenants and provide consumers with information to make informed and sustainable purchasing decisions. The initiative will allow shopping center owners to assess the sustainability performance of retailers within their properties, encourage improvements with tenants, and offer consumers data to aid their choices. The assessment will be based on a metric developed with a company specializing in evaluating the sustainability performance of brands and retail chains, considering environmental and social aspects and examining in-store sustainability initiatives to increase consumer transparency.
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