Trailblazer Pacesetter LATE BLOOMER

Simon Property Group, a global leader in real estate investment trusts specializing in dining, shopping, and entertainment, has been ranked as a LATE BLOOMER on the Women’s Power and Influence Index.

Simon Property Group offers paid parental leave and a comprehensive anti-harassment policy to prevent harassment and retaliation against employees. Simon Property Group offers a D&I Council to promote inclusivity in the company’s daily operations.

As of 2022, nearly half of Simon Property Group’s workforce comprises women, with 18% of them holding leadership positions.

Simon Property Group lacks essential criteria on the index, including sufficient information on equal pay, annual reviews, pay parity, professional development, mentorship, recruitment for women, as well as women-specific healthcare and childcare coverage.

Review the comprehensive WPI criteria and methodology.

✓ Does the company demonstrate a clear and transparent commitment to equal pay? 

“As an ongoing practice we benchmark our jobs and compensation levels to strive to be market competitive, pay for our top performers, and equitable across all demographics.”

Ref: 2022 Sustainability Report pg 45

“It is our policy to provide equal opportunity to all employees with regard to hiring, pay rates, training and development, promotions, and other terms of employment.”

Ref: 2022 Sustainability Report pg 51

“Simon is also committed to providing equal opportunity to all employees with regard to recruitment, selection, retention, compensation, training and development, advancement and promotion opportunities, benefits, and other terms of employment. We also recognize and embrace the diversity of individual perspectives based on a variety of work and life experiences, personalities, socio-economic status, knowledge, and skills. The company values the importance of attracting and retaining a broad range of qualified individuals who bring differing viewpoints and innovative ideas to the business.”

Ref: D & I Policy pg 1

✘ Does the company perform an annual analysis of gender pay equity and pay disparities? 

Information regarding this criterion was unavailable or incomplete.

✘ Do female employees earn at least 95% of what their male counterparts earn?

Information regarding this criterion was unavailable or incomplete.

✓ Does the company demonstrate a commitment to actively attracting, retaining, and/or promoting women within the organization? 

“At Simon, we are committed to building a diverse workforce and promoting a culture of inclusion, understanding and respect. We believe that a diversity of backgrounds, experiences and thinking enhances our ability to add value to the communities we serve, our shoppers and employees.”

Ref: Our Core Values pg 4

“At Simon, we believe that diversity, respect, and inclusiveness strengthen our company, enables broader perspectives, enhances creativity and innovation, and fosters an environment that promotes employee engagement and increases individual productivity and company success. This policy builds on the foundation of equity and our commitment and approach to diversity and inclusion, including supporting policies, programs, and practices across the organization.”

Ref: Diversity and Inclusion Policy pg 1

✘ Does the company provide professional development programs designed specifically for female employees? 

Information regarding this criterion was unavailable or incomplete.

✘  Does the company provide professional development programs designed specifically for diverse employees?

Information regarding this criterion was unavailable or incomplete.

✘  Does the company offer a formal mentoring program to support the career advancement of all female employees? Information regarding this criterion was unavailable or incomplete.

✘  Does the company offer a formal mentoring program to support the career advancement of diverse employees?  

Information regarding this criterion was unavailable or incomplete.

✘ Does the company have policies and programs in place to actively recruit female candidates?

Information regarding this criterion was unavailable or incomplete.

✓ Does the company have policies and programs in place to actively recruit diverse candidates? 

“To maintain a diverse and inclusive work environment, we have the following policies, procedures, programs, and practices.

• Targeted Recruitment and Selection – A formal internal and external recruitment, hiring, and retention strategy to effectively generate qualified, diverse candidates for our recruitment pipeline targeted at placing and hiring minority and underrepresented talent at our corporate offices and in the field.”

Ref: Diversity and Inclusion Policy pg 2

✓ Does the company demonstrate a commitment to providing support and/or time off for women with children?

“The Employee Assistance Program (EAP) is offered to Simon employees and their household members. Simon understands that its employees and their household members experience everyday problems, such as stress, obtaining child or elder care, needing financial or legal support, or possibly coping with substance abuse, and may not know where to go for help. The EAP offers access to highly trained personal advocates to develop a solution based on their needs and the resources available.”

Ref: 2022 Sustainability Report,pg 46

✘ Does the company provide child care support for employees?  

Information regarding this criterion was unavailable or incomplete.

✘ Does the company offer subsidized child care?

Information regarding this criterion was unavailable or incomplete.

✓ Does the company offer paid maternity leave for birthing parents?

“Simon provides disability income benefits for full-time employees that are unable to work because of non-work-related illness or injury, which includes the birth of a child. The disability benefits can help provide income protection while an employee is temporarily disabled and unable to work. Benefit amounts and duration of benefits vary by position. In addition to leave under the Family and Medical Leave Act of 1993 (FMLA), Simon abides by State family and medical leave laws that may apply.”

Ref: 2022 Sustainability Report,pg 76

✘ Does the company provide paid parental leave that extends beyond birthing parents to include surrogacy, adoption, and paternity leave?

Information regarding this criterion was unavailable or incomplete.

✘ Does the company demonstrate a commitment to supporting the health benefits of its female employees?

Information regarding this criterion was unavailable or incomplete.

✘ Does the company offer women-specific health benefits for female employees?

Information regarding this criterion was unavailable or incomplete.

✓ Does the company have a policy listing prohibited behaviors, such as harassment and retaliation?

“The Company’s policy against sexual harassment and discrimination (as described in the Employee Handbook and this Code) applies fully to the use of e-mail and other electronic media by employees and directors.”

Ref: SPG Business Code of Conduct, pg 9

“The Company is committed to providing a work environment that is free from any form of discrimination or harassment on the basis of race, ethnicity, gender, creed, religion, age, disability, sexual orientation or any other status protected by law.”

Ref: SPG Business Code of Conduct, pgs 12-13

✘ Does the company mandate all employees to undergo harassment and discrimination training?

Information regarding this criterion was unavailable or incomplete.

✓ Does the company have a defined harassment policy that includes promptly addressing reported incidents?

“The following standards of conduct will be enforced at all organizational levels. If you violate this Code, you could be subject to disciplinary action, which may include, if appropriate, dismissal for cause.”

Ref: SPG Business Code of Conduct, pg 4

“Appropriate disciplinary actions for violations of this Code may include counseling, reprimands, warnings, suspensions with or without pay, demotions, salary reductions, dismissals, and restitution.”

Ref: SPG Business Code of Conduct, pg 15 

“Employees who believe they have experienced or witnessed any form of discrimination, retaliation, harassment, or victimization should report the instance to a supervisor, a Human Resources Representative or contact the Company’s Hotline immediately…Employees who violate the company’s Diversity and Inclusion Policy may be subject to disciplinary action, up to and including termination.”

Ref: SPG Diversity and Inclusion Policy, pg 3

✘ Does the company demonstrate a commitment to helping external stakeholders address gender equality issues?

Information regarding this criterion was unavailable or incomplete.

✘ Does the company offer and support initiatives that promote gender equality in the community?

✓ Does the company demonstrate a commitment to helping internal stakeholders/employees address gender equality issues?

“Simon has identified key areas where it can make a positive contribution toward achieving these UNSDGs…

Simon’s D&I program supports and promotes equal opportunity for all. Additionally, Simon Youth Foundation provides equal opportunities for all students who want to participate. A diverse group of students were enrolled in 2022–2023, with nearly two-thirds from underrepresented groups, and 50% were female students.”

Ref: 2022 Sustainability Report,pg 12

✓ Does the company offer equity-focused trainings, speaker programs, or events for employees?

“Members of the D&I Council and Simon’s Learning & Development team led a series of webinars entitled “Uncovering Unconscious Bias” and “Everyday Inclusion” in an effort to further educate employees on ways to self reflect to uncover any hidden biases, as well as strategies to incorporate inclusivity into their daily work. Over 500 Simon employees participated in these sessions across all levels of the organization.”

Ref: 2022 Sustainability Report,pg 53

“Employees and managers throughout the organization were granted access to over 250 D&I educational resources, including a custom online learning channel entirely dedicated to internal Workplace Diversity courses, articles, podcasts, books, and other unique content.”

Ref: 2022 Sustainability Report,pg 53

*Our Index utilizes binary measurements, where ✓ represents a score of 1, and ✘ represents a score of 0.

*All links are valid as of April 2024