2024 GRESB Real Estate Assessment Disclosure

GRESB 2024

Real Estate Assessment

500 North Broadway, Suite 201 | Jericho, NY 11753 | (516) 869-9000

kimcorealty.com

Certain underlying information, documents and policies referenced in response to individual questions, or elsewhere in this assessment submission, may be confidential and may not be available via the hyperlink provided. Moreover, these disclosures are being provided in light of various stakeholder interests and should not be read as necessarily rising to the level of materiality of certain disclosures included in our filings with the U.S. Securities and Exchange Commission. Various references herein are also subject to their own disclaimers and qualifiers. Expectations regarding sustainability continue to evolve, including to reflect frameworks and data considerations; our approach to such matters may evolve, and we cannot guarantee that our approach will align to any particular stakeholder's preferences, including achieving any targets or other forward-looking aspirations. For further details, please refer to the discussions and disclaimer language on our corporate responsibility webpage.

Kimco Realty Corporation

GRESB Real Estate Assessment 2024

DATE: 18 Sep 2024 5:02:44pm Wed UTC

STATUS: 100% Completed.

Table of Contents

ASPECT CHECKLIST

Aspect Checklist . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3

ENTITY AND REPORTING CHARACTERISTICS

Entity Characteristics . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Reporting Characteristics . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4

LEADERSHIP

ESG Commitments and Objectives . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 ESG Decision Making . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8

POLICIES

ESG Policies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13

REPORTING

ESG Disclosure . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 ESG Incident Monitoring . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18

RISK MANAGEMENT

Risk Management . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20

Risk Assessments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20

Climate-related Risk Management . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22

STAKEHOLDER ENGAGEMENT

Employees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 Suppliers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34

REPORTING CHARACTERISTICS

Reporting Characteristics . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36

RISK ASSESSMENT

Risk Assessments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37 Efficiency Measures. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38

TARGETS

Targets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40

TENANTS AND COMMUNITY

Tenants/Occupiers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41 Community . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45

ENERGY

Energy Consumption . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 46

GHG

GHG Emissions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50

WATER

Water Use . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 54

WASTE

Waste Management . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 58

DATA MONITORING AND REVIEW

Review, verification and assurance of ESG data . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 62

BUILDING CERTIFICATIONS

Building Certifications. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 64

Entity & Reporting Characteristics - Entity Characteristics

ENTITY AND REPORTING CHARACTERISTICS

Entity Characteristics

EC2

Nature of ownership

• Public (listed on a Stock Exchange) entity Specify ISIN:

US49446R1095

Legal status:

• Property company

• • Real Estate Investment Trust (REIT)
• Private (non-listed) entity
• Government entity

Legal Entity Identifier (optional)

EC3

Entity commencement date

Year of commencement (listed) or Year of establishment (non-listed) 1991

EC4

Reporting year

• Calendar year Fiscal year

ENTITY AND REPORTING CHARACTERISTICS

Reporting Characteristics

RC1

Reporting currency

Values are reported in:

USD United States Dollar

RC2

Economic size

What was the gross asset value (GAV) of the portfolio at the end of the reporting year in millions?

16,964.66

RC3

Floor area metrics

Metrics are reported in:

• m2
   sq. ft.

RC4

Property type and Geography

Portfolio predominant location (*): United States of America

Portfolio predominant property type (**): Retail: Retail Centers: Strip Mall

Entity & Reporting Characteristics - Entity Characteristics

RC5

Nature of entity's business

The entity's core business:

• Management of standing investments only (continue with Management and Performance Components)

• Management of standing investments and development of new construction and major renovation projects (continue with Management, Performance, and Development Components)
• Development of new construction and major renovation projects (continue with Management and Development Components)

Entity & Reporting Characteristics - Entity Characteristics

LEADERSHIP

ESG Commitments and Objectives

ESG leadership commitments

Has the entity made a public commitment to ESG leadership standards and/or principles?

• Yes

Select all commitments included (multiple answers possible)

• General ESG commitments
• • Global Investor Coalition on Climate Change (including AIGCC, Ceres, IGCC, IIGCC)
  • International Labour Organization (ILO) Standards
  • Montreal Pledge
  • OECD - Guidelines for multinational enterprises
  • PRI signatory
  • RE 100

• Science Based Targets initiative
• Task Force on Climate-related Financial Disclosures (TCFD)  UN Environment Programme Finance Initiative
   UN Global Compact
• UN Sustainable Development Goals
• Other

Other selected. Please describe

CEO Action for Diversity & Inclusion Pledge, CREW Network Pledge for Action, EPA EnergyStar Partner, DOE Better Building Alliance Partner, Green Lease Leader

Provide applicable hyperlink

Provide hyperlink https://kimcorealty.widen.net/s/bp2vvhfhzt/2023-corporate-responsiblity-report

https://kimcorealty.widen.net/s/bp2vvhfhzt/2023-corporate-responsiblity-report

Indicate where the relevant information can be found

Kimco 2023 Corporate Responsibility Report:

Page 7, ESG Goals, UN Sustainable Development Goals

Pages 10-11, Science-Based Target

Pages 10-13, Task Force on Climate-related Financial Disclosures (TCFD)

Page 30- Green Lease Leader

Page 32- CREW Pledge for Action

Page 36 - EPA Energy Star Partner, DOE Better Building Alliance Partner, Green Lease Leader

Provide hyperlink https://kimcorealty.widen.net/s/kvoyexhk8h

https://kimcorealty.widen.net/s/kvoyexhk8h

Indicate where the relevant information can be found

Kimco ESG Policy

Page 19 - CEO Action for Diversity & Inclusion Pledge and CREW Network Pledge for Action

Provide hyperlink https://www.kimcorealty.com/corporate-responsibility/esg-goals

https://www.kimcorealty.com/corporate-responsibility/esg-goals

Indicate where the relevant information can be found

Kimco Website - public disclosure of ESG Goals

Provide hyperlink https://crewnetwork.org/get-involved/cre-pledge-for-action/signatories

https://crewnetwork.org/get-involved/cre-pledge-for-action/signatories

Indicate where the relevant information can be found

CREW Network CRE Pledge for Action Signatories page - Kimco Realty listed among signatories

Provide hyperlink https://www.ceoaction.com/ceos/?Sort=Alphabet&companyLetters=K#js-filters-container

https://www.ceoaction.com/ceos/?Sort=Alphabet&companyLetters=K#js-filters-container

Indicate where the relevant information can be found

CEO Action for Diversity & Inclusion Signatories page - Kimco Realty listed among signatories

Provide hyperlink https://sciencebasedtargets.org/companies-taking-action#dashboard

https://sciencebasedtargets.org/companies-taking-action#dashboard

Indicate where the relevant information can be found

Entity & Reporting Characteristics - Entity Characteristics

Science Based Targets initiative

Companies Taking Action > Meet the Companies > Kimco Realty Corporation Target: Target

This target was approved using a streamlined target validation route exclusive to small and medium-sized enterprises (SMEs). https://sciencebasedtargets.org/ faqs-for-smes/ Kimco Realty Corporation commits to reduce absolute scope 1 and scope 2 GHG emissions 30% by 2030 from a 2018 base year, and to measure and reduce its scope 3 emissions

• Net Zero commitments
• • BBP Climate Commitment
  • Net Zero Asset Managers initiative: Net Zero Asset Managers Commitment
  • PAII Net Zero Asset Owner Commitment
  • Science Based Targets initiative: Net Zero Standard commitment
  • The Climate Pledge
  • Transform to Net Zero
  • ULI Greenprint Net Zero Carbon Operations Goal
  • UN-convenedNet-Zero Asset Owner Alliance
  • UNFCCC Climate Neutral Now Pledge
  • WorldGBC Net Zero Carbon Buildings Commitment

• Other

Other selected. Please describe

Public Commitment to achieve net zero Scope 1 and 2 GHG emissions by 2050.

Provide applicable hyperlink

Provide hyperlink https://kimcorealty.widen.net/s/bp2vvhfhzt/2023-corporate-responsiblity-report

https://kimcorealty.widen.net/s/bp2vvhfhzt/2023-corporate-responsiblity-report

Indicate where the relevant information can be found

2023 Corporate Responsibility Report Net-Zero Commitment:

Page 7: ESG Goals, Goal #9: "Reduce Scope 1 and 2 GHG emissions by 30% from 2018 to 2030, and achieve net zero Scope 1 and 2 GHG emissions by 2050."

Page 10: Emissions Goals: "The Company also set goal separate from the Science-Based Target of achieving net zero Scope 1 and 2 GHG emissions by 2050 as well as a goal to partner with our tenants to quantify and reduce our Scope 3 emissions, establishing a Scope 3 GHG emissions reduction goal by 2025."

Page 26: Goal #9: "Reduce Scope 1 and 2 GHG emissions by 30% from 2018 to 2030, and achieve net zero Scope 1 and 2 GHG emissions by 2050. Partner with tenants to quantify and reduce Scope 3 emissions, establishing a Scope 3 GHG emissions reduction goal by 2025."

Provide hyperlink https://www.kimcorealty.com/corporate-responsibility/esg-goals

https://www.kimcorealty.com/corporate-responsibility/esg-goals

Indicate where the relevant information can be found

Public Disclosure of our ESG Goals, including net zero - Goal #9 "Reduce Scope 1 and 2 GHG emissions by 30% from 2018 to 2030, and achieve net zero Scope 1 and 2 GHG emissions by 2050."

Provide hyperlink https://kimcorealty.widen.net/s/kvoyexhk8h

https://kimcorealty.widen.net/s/kvoyexhk8h

Indicate where the relevant information can be found

Kimco ESG Policy page 8 - Approach to GHG Emissions Reduction: Science-Based Target and net zero Goal

Provide hyperlink https://d18rn0p25nwr6d.cloudfront.net/CIK-0000879101/7ff9754e-4627-4cc6-9063-0c7a3a1dda0d.pdf

https://d18rn0p25nwr6d.cloudfront.net/CIK-0000879101/7ff9754e-4627-4cc6-9063-0c7a3a1dda0d.pdf

Indicate where the relevant information can be found

Kimco 2023 10-K page 8 - ESG Programs - Lead in Operations and Resiliency- "Reduce Scope 1 and 2 GHG emissions by 30% from 2018 to 2030, and achieve net zero Scope 1 and 2 GHG emissions by 2050. Partner with tenants to quantify and reduce Scope 3 emissions, establishing a Scope 3 GHG emissions reduction goal by 2025."

• No

ESG objectives

Does the entity have ESG objectives?

• Yes

The objectives relate to (multiple answers possible)

• General objectives
• • Environment

Entity & Reporting Characteristics - Entity Characteristics

• • Social
  • Governance
• Issue-specificobjectives
• • Diversity, Equity, and Inclusion (DEI)
  • Health and well-being

The objectives are

• Publicly available

Provide applicable hyperlink

Provide hyperlink https://kimcorealty.widen.net/s/bp2vvhfhzt/2023-corporate-responsiblity-report

https://kimcorealty.widen.net/s/bp2vvhfhzt/2023-corporate-responsiblity-report

Indicate where the relevant information can be found

Kimco Realty 2023 Corporate Responsibility Report:

Page 6 - Kimco ESG Pillars

Page 7 - ESG Goals: 2023 Progress

Pages 8-9- Stakeholder Engagement Process (Social and Governance)

Pages 10-13 - Environment and Climate (Environment and Governance)

Pages 19-25 -Tenants and Community (Social)

Pages 26- 30 - Green Bond, SBT, Water, Waste, Supply Chain (General Sustainability/Environment)

Pages 31-36: Employees, DEI, Health and Wellness

Provide hyperlink https://www.kimcorealty.com/corporate-responsibility/esg-goals

https://www.kimcorealty.com/corporate-responsibility/esg-goals

Indicate where the relevant information can be found

Public Disclosure of ESG Goals on Kimco website, covering E,S,G goals, as well as General Sustainability and DEI and Well-being specific goals.

• Not publicly available

Communicate the objectives and explain how they are integrated into the overall business strategy (maximum 250 words)

Kimco has 16 public goals which encompass our ESG Strategic Areas of Focus and outline our plan for the next five to ten years. We believe that Kimco's ESG program is aligned with our core business strategy of creating destinations for everyday living that inspire a sense of community and deliver value to our many stakeholders. The Nominating and Corporate Governance Committee of Kimco's Board of Directors is responsible for reviewing and monitoring (i) the development and implementation of goals established for the ESG program, (ii) the development of metrics to gauge progress toward the achievement of those goals, and (iii) the Company's progress against those goals. Kimco's CEO, Conor Flynn, who is a director, is the executive sponsor for Kimco's ESG program with oversight over ESG topics, including climate and DEI. All Kimco named executive officers and corporate officers have ESG performance metrics, including climate, DEI and employee wellness, tied into their compensation plans. Kimco's management-level ESG Steering Committee is responsible for regularly reviewing and recommending strategic priorities and goals to management, as well as reporting to the Board quarterly. This ESG Steering Committee is cross-functional and diverse, comprised of both named executive officers and departmental and regional executives across multiple dimensions of Kimco. Kimco's ESG Department includes staff dedicated to driving key ESG strategies, programs, and initiatives across the organization. Kimco's ESG Governance structure allows for employee feedback and programming via employee driven councils.

• No

LEADERSHIP

ESG Decision Making

Individual responsible for ESG, climate-related, and/or DEI objectives

Does the entity have one or more persons responsible for implementing ESG, climate-related, and/or DEI objectives?

• Yes
• • ESG

Select the persons responsible (multiple answers possible)

• Dedicated employee(s) for whom ESG is the core responsibility Provide the details for the most senior of these employees Name Tamara Chernomordik Job title
  Vice President, ESG

Entity & Reporting Characteristics - Entity Characteristics

• Employee(s) for whom ESG is among their responsibilities Provide the details for the most senior of these employees Name Conor C. Flynn Job title
  CEO and Board Member

• • External consultants/manager
  • Investment partners (co-investors/JV partners)
• Climate-relatedrisks and opportunities

Select the persons responsible (multiple answers possible)

• Dedicated employee(s) for whom climate-related issues are core responsibilities Provide the details for the most senior of these employees
  Name Tamara Chernomordik Job title
  Vice President, ESG
• Employee(s) for whom climate-related issues are among their responsibilities Provide the details for the most senior of these employees
  Name Conor C. Flynn Job title
  CEO and Board Member

• • External consultants/manager
  • Investment partners (co-investors/JV partners)
• Diversity, Equity, and Inclusion (DEI)

Select the persons responsible (multiple answers possible)

• Dedicated employee for whom DEI is the core responsibility Provide the details for the most senior of these employees: Name Leah Landro Job title
  EVP, Chief Human Resources Officer
• Employee for whom DEI is among their responsibilities Provide the details for the most senior of these employees: Name Conor C. Flynn Job title
  CEO and Board Member

• External consultant/manager
• Investment partners (co-investors/JV partners)