Curbline Properties Announces Sustainability Program Update and Corporate Governance Highlights

Curbline Properties Corp. has provided an update on its sustainability programs, including completing the Global Real Estate Sustainability Benchmark assessment in 2026 and underwriting acquisition properties using a sustainability framework. The company also highlights its corporate governance and social sustainability initiatives, including a code of business conduct and ethics, vendor code of conduct, and ongoing cybersecurity training.

Curbline Properties Corp. (NYSE: CURB), a leading owner of convenience centers in suburban, high household income communities, has provided an update on its sustainability programs and corporate governance initiatives. The company announced that it expects to complete the Global Real Estate Sustainability Benchmark (GRESB) assessment in 2026, underwrite acquisition properties utilizing a sustainability framework, and remain active in the communities that its properties serve [1].

Sustainability Programs

Curbline Properties has been working to implement and advance sustainability initiatives that invest in its employees, properties, and communities. The company's sustainability efforts are guided by a Sustainability Steering Committee and are aligned with the work undertaken over the past eight years. In addition to the GRESB assessment, the company plans to continue analyzing acquisition properties through its sustainability framework [1].

Corporate Governance Highlights

Curbline Properties is committed to the highest standards of corporate governance, ensuring that the company is managed for the long-term benefit of its stakeholders. The company monitors developments and best practices in corporate governance and considers feedback from stockholders when evaluating governance policies. Key highlights include:

- Majority voting for directors in uncontested elections and, beginning at the 2027 annual meeting, the annual election of all directors without the ability to reclassify the board without stockholder consent thereafter.
- Six out of seven directors serving are independent.
- An anti-overboarding policy limiting service on other public company boards.
- Proxy access with a 3% ownership threshold, a 3-year holding period, and the greater of two nominees or 20% of the board.
- The ability to amend Curbline’s charter and bylaws by majority vote, call special meetings with majority voting power, and act by unanimous written consent.
- A prohibition on pledging, hedging, and other derivative transactions in Company securities by directors and officers, along with stock ownership requirements for directors and executive officers.
- A code of business conduct and ethics acknowledged by all employees with annual training programs and a code of ethics acknowledged annually by the Company’s senior financial officers.
- A vendor code of conduct requiring all vendors to comply with the Company’s code of business conduct and ethics, applicable law, and regulations.
- Ongoing cybersecurity training to prevent and mitigate common threats and incidents [1].

Social Sustainability Highlights

Curbline Properties' values and principles guide day-to-day operations, corporate culture, and interactions with partners, tenants, and communities. The company’s primary human capital management objective is to attract, develop, engage, and retain high-quality talent. Key highlights include:

- 62% of Curbline employees have been with the company (or its predecessor) for over five years, and 35% for over ten years.
- All employees receive two paid days per year to volunteer for local charities or make an impact on their communities.
- A full suite of benefit offerings, including paid parental leave, company-provided life and disability benefits, and company contributions to 401(k) and HSA.
- Engagement with communities by supporting local entrepreneurship, hosting monthly small business markets, and supporting nearby nonprofits [1].

References

[1] https://www.businesswire.com/news/home/20250818729783/en/Curbline-Properties-Provides-Sustainability-Program-Update