Federal Realty Investment Trust | 2020 Corporate Responsibility Report

Page 72

DISCLOSURE

RESPONSE

ENVIRONMENTAL COMPLIANCE 103-1; 103-2; 103-3

Explanation of the material topic and its Boundary, management approach and its components, evaluation of the management approach

Environmental compliance is a critical component of our business. Not only is it important in our role as a good corporate citizen but it also mitigates monetary and reputational risks. We work closely with a third party environmental consultant who continuously monitors our properties on our behalf and oversees all necessary remediation efforts at our assets including participation in a variety of voluntary clean-up programs. Prior to investing in any new assets, our consultant performs extensive environmental investigations so that we can understand the potential issues and create appropriate remediation plans if we choose to proceed with the investment. We have detailed databases of environmental conditions at our properties that are used by our teams to ensure that we mange environmental risks appropriately. Ultimate responsibility for compliance is under our General Counsel's office.

307-1

Non-compliance with environmental laws and regulations

Federal is in the process of working with governmental agencies on remediating environmental conditions at our properties that are required to be remediated at this time. We have not identified any non-compliance with environmental laws and/or regulations that must be remediated at this time other than matters which are currently being addressed. We did not incur any fines or non-monetary sanctions for non-compliance with environmental laws or regulations.

103-1; 103-2; 103-3

Explanation of the material topic and its Boundary, management approach and its components, evaluation of the management approach

Report pages 42-48. Our success is inextricably tied to our employees. We pride ourselves on creating a culture where all of our employees feel valued and are engaged in their work. We compensate our employees fairly and provide a wide range of benefits to support our employees. We evaluate our effectiveness through employee engagement surveys as well as by monitoring changes in our average tenure and our voluntary turnover rate.

401-1

New employee hires and employee turnover

Report page 58

EMPLOYMENT

69 /

INTRODUCTION

2020 EVENTS

DIVERSITY, EQUITY, & INCLUSION

CLIMATE CHANGE

TEAM SUPPORT

GOOD GOVERNANCE


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