Regency Centers : TCFD Report

2024

REGENCY CENTERS

Task Force on Climate-Related Financial Disclosures (TCFD) Report

REGENCY CENTERS' 2024 TASK FORCE ON CLIMATE-RELATED FINANCIAL DISCLOSURES (TCFD) REPORT

• About This Report

• Governance

• Strategy

• Risk Management

• Metrics and Targets

• Climate Change-Related Risks and Opportunities

TABLE OF CONTENTS

About This Report Governance Strategy

Risk Management Metrics and Targets

Climate Change-Related Risks and Opportunities

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Forward-Looking Statements and Other Legal Matters

Forward-Looking Statements

Certain statements in this report may be "forward-looking statements." These statements are based on the current beliefs of Regency Centers and are subject to numerous risks,

uncertainties and changes in circumstances, some of which may be unforeseen or unknown today. These statements are not guarantees of future results, goal achievement or outcomes.

Similarly, statements about our goals, objectives and targets to positively impact climate and environmental-related issues, such as emission-reduction roadmaps and targets to drive toward net zero and other emissions, environmental and climate-related reduction goals, are also forward-looking statements.

Actual results, achievement of goals and financial condition may differ materially from those anticipated or expected from or represented by these statements due to a variety of factors, including, among others, sociodemographic and economic trends, energy prices, the pace, cost and effectiveness of technological innovations, climate-related conditions and weather events, legislative and regulatory changes and other unforeseen events or conditions, the potential impacts of

climate change on our business and our ability to mitigate them, and reference is made to the precautionary statements and risk factors included in Regency Centers' filings with the Securities and Exchange Commission (SEC), including the Risk Factors disclosed in Item 1A of the Company's most recent Annual Report on Form 10-K, and subsequent quarterly filings with the SEC.

All forward-looking statements are based on management's knowledge and reasonable expectations at the time of publication. We do not undertake to provide any further updates or changes to any data or forward-looking statements in this Report. Neither future distribution of this material nor the continued availability of this material on our website or

in archive form should be deemed to constitute an update or re-affirmation of any estimates, forecasts, calculations or statements as of any future date. Any future update will be

provided only through a public disclosure indicating that fact. While this report describes potential future events that may be significant, the significance of those potential events should not be read as equating to materiality as the concept is used in Regency Centers' filings with the SEC.

This Report is not an SEC Filing

This Report and the content of our website, including other reports posted there relating to corporate responsibility, are not filings made with the SEC and are not, and shall not be deemed to be, incorporated by reference into any filings Regency Centers has made or will make with the SEC.

Other Disclaimers Relating to This Report

This Report has been prepared primarily, but not exclusively, for the use and convenience of Regency Centers shareholders

and potential investors, and intentionally is focused on unknown future events that we have been asked to consider. Forward-looking and other statements regarding environmental and other sustainability efforts and aspirations are not intended to communicate any material investment information under the laws of the United States or represent that these are required disclosures. This Report is not intended to imply that Regency Centers has access to any significant non-public insights

on future events that the reader could not independently research. In addition, historical, current, and forward-looking environmental and other sustainability-related statements may be based on standards for measuring progress that are still developing, internal controls and processes that continue to evolve, and assumptions that are subject to change in the future, including future laws and rulemaking. Forward-looking and other statements regarding environmental and other sustainability efforts and aspirations are for informational purposes only and are not intended as an advertisement

for Regency Centers' equity, debt, businesses, products, or services and the reader is specifically notified that any investor-requested disclosure or future required disclosure is not and should not be construed as an inducement for the reader to purchase any product or services. The statements and analysis in this Report represents a good faith effort by the Company to address these requests for information despite significant unknown variables and, at times, inconsistent market data, government policy signals, and calculation, methodologies, or reporting standards.

Third Parties

Any reference to Regency Center's use of, support of, work with, reporting "addressing", "consistent with" or "in accordance with", or collaboration with, a third-party organization does not constitute or necessarily imply an endorsement by Regency Centers of any or all of the positions or activities of such organization. Regency Centers participates, along with other companies, institutes, universities and other organizations,

in various initiatives, campaigns, projects, groups, trade organizations, and other collaborations among industry and through organizations like the United Nations that express various ambitions, aspirations and goals related to climate change, emissions, sustainability, and energy transition.

Regency Centers' participation or membership in such collaborations is not a promise or guarantee that its individual ambitions, future performance or policies will align with the collective ambitions of the organizations or the individual ambitions of other participants, all of which are subject to a variety of uncertainties and other factors, many of which may be beyond Regency Centers' control, including government regulation, availability and cost-effectiveness of technologies, and market forces and other risks and uncertainties. Regency Centers will continue to make independent decisions regarding the operation of its business, including its climate-related and sustainability-related ambitions, plans, goals, commitments, and investments, and may unilaterally change them for various reasons, including adoption of new reporting standards or practices, market conditions; changes in its portfolio; and financial, operational, regulatory, reputational, legal and other factors.

Village Center at Dulles | Washington, D.C. The Gallery At Westbury Plaza | New York, NY Rooftop Solar Panels

Lisa Palmer President and Chief Executive Officer

About This Report

This is Regency Centers' (Regency or the "Company") 2024 report addressing recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). This report uses the TCFD framework to provide progress updates across its four pillars: Governance, Strategy, Risk Management, and Metrics and Targets. It supplements the Climate Change section of our 2024 Corporate Responsibility Report (2024 CR Report) and should be read together with, and as a companion to, that 2024 CR Report, which can be accessed at RegencyCenters. com/CorporateResponsibility.

As a long-term owner, operator, and developer of real estate, we acknowledge the potential for climate change to have a significant impact on our properties, people, and long-term sustainability, resilience and success of our business. The frequency and intensity of extreme weather events, sea-level rise, and other events caused by changes in climate may continue to increase. Regency strives to anticipate and mitigate the potential impacts of these changes so that our properties and business can continue to successfully, sustainably and safely operate.

To understand our potential exposure to climate-related impacts, we addressed the recommendations of the TCFD for the first time in 2020 and undertook a climate change scenario analysis, and risk and opportunities assessment. Climate scenario analysis and reporting was and remains an evolving area for many companies, including Regency, and we expect our methodologies, tools and analyses to improve and change over time as we refine our understanding of climate-related risks, challenges and opportunities, as well as the tools available to assess them. We expect to build upon and revise the results of our TCFD analysis and disclosures on an ongoing basis, including as described in this report.

California Voluntary Carbon Market Disclosures Act Furthermore, certain information in this TCFD report is provided with respect to the California Voluntary Carbon Market Disclosures Act. The statements made herein are based on information currently available to Regency. We assume no obligation to update any information or statements contained in this document as result of new information, figures, events or otherwise, except as required by law. This document applies only to the extent AB 1305 applies or may apply to Regency.

The fact that these disclosures are being made is in no way intended to suggest these matters are material as such term is defined, interpreted or used under the US securities laws or any other domestic or international, national, provincial or local law, directive, regulation or requirement which we may or may not be subject to.

"Regency is committed to understanding the impacts of climate-related risks on our portfolio. We aim to minimize our environmental

footprint and advance effective

mitigation strategies, while upholding transparency through consistent, credible reporting."

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Governance

Climate-related analyses, assessments, planning and mitigation-based actions are a key focus of our Corporate Responsibility Program, which is directly overseen by the Nominating and Governance Committee of Regency's Board of Directors (our "Board"), with continuing involvement by our Board as part

of its overall responsibility in overseeing management of all of Regency's enterprise risks. Our Board regularly reviews our Corporate Responsibility Program, including our efforts to

assess and mitigate the potential impacts of climate change to our assets and business.

Ultimate management responsibility for assessing and mitigating climate-related risks and opportunities, including consideration in our leasing, property management and investment processes, rests with our President and CEO, Lisa Palmer, in consultation with our Executive Committee (which is comprised of Lisa and

our three most senior Company executives), and with ongoing direct program oversight by our Corporate Responsibility Committee. Our Corporate Responsibility Committee, which is comprised of senior leaders from key areas of our business, reports to our CEO. Our CEO, as leader of our Executive Committee, has ultimate senior management responsibility for oversight of our Corporate Responsibility Committee.

The Corporate Responsibility Committee meets at least quarterly, and its Chair reports regularly to our CEO and the Board's Nominating and Governance Committee, as well as to the full Board. These reports provide appropriate Board oversight of our Corporate Responsibility program.

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