2020 Corporate Responsibility Report

September 3, 2021 in Education, Social, Sustainability

A&B is excited to share its 2020 Corporate Responsibility Report, which highlights our environmental, social and governance (ESG) efforts and progress made during the year. While we began 2020 with optimism to celebrate our 150th anniversary and to continue to advance our ESG program, we learned, along with everyone, that the arrival of COVID-19 would dampen our efforts. However, the pandemic provided an opportunity for us to demonstrate our long-time commitment to providing support to the communities we serve throughout Hawaii.

Alyson Nakamura, VP, Governance & Sustainability, shared “The year 2020 provided us a unique opportunity to demonstrate our core values and commitment as “Partners for Hawaii.”

Click here to see the full report.

A&B Partners with Hawaiian Electric to Install EV Chargers on Properties

March 20, 2021 in Sustainability

A&B is committed to incorporating sustainable elements within its commercial real estate portfolio and operations. We have adopted various energy efficiency programs at our properties and continually look for new ways to support Hawaii’s clean energy goals, including incorporating PV systems on our properties.

In the short video below, Brad Santiago, A&B director, management and operations, discusses the installation of EV chargers at our properties through a partnership with Hawaiian Electric‘s five-year pilot program.


A&B and AHL Take Top ICSC Award for Lau Hala Shops

January 6, 2021 in Sustainability

Alexander & Baldwin and AHL took top honors at the annual International Council of Shopping Centers (ICSC) Global Awards North America for Lau Hala Shops in Kailua. The North America Design & Development Gold Award recognized the adaptive reuse of the mid-century modern department store that was built for Liberty House in 1953 and later rebranded Macy’s until its 2016 closure. The large, enclosed building was transformed into an open-air lifestyle center that played a prominent role in the revitalization of Kailua town with its vibrant mix of local and regional retailers, eateries and services.

“We are pleased to share this prestigious award with AHL for the transformation of this iconic building into a gathering place suited for the Kailua community,” said A&B EVP, Chief Real Estate Office Lance Parker. “A&B is grateful for the community’s input during the design process and for how residents are embracing the Center.”

Read the full Pacific Business News article here

NAIOP Hawaii’s 2020 Kukulu Hale Award

October 13, 2020 in Sustainability

A&B’s Lau Hala Shops in Kailua, Oahu was awarded NAIOP Hawaii’s 2020 Kukulu Hale Award for Commercial Renovation!  Lau Hala Shops is an adaptive reuse of the former Liberty House Department Store in Kailua. Transformed from an enclosed building to an open-air lifestyle center that embraces the community’s history and outdoor culture, Lau Hala Shops provides a vibrant mix of retailers, eateries, and services.  In addition, A&B’s Kamalani residential project in Kihei, Maui, which was developed to provide residential workforce housing to the Maui community, was honored as a distinguished entry in the competition.  Congratulations to the Lau Hala Shops and Kamalani teams!

Hawaii Business Article


Alexander & Baldwin Reduced Its Carbon Footprint Amid COVID-19

July 7, 2020 in Sustainability

A&B President & CEO, Christopher Benjamin, talked with Nareit in connection with its REITweek: Virtual Investor Conference, held June 2-4, 2020. He discussed A&B’s response to COVID-19, and indicated that A&B was able to demonstrate many of its historic environmental, social, and governance (ESG) strengths, including its commitment to its community and employees.

Alexander & Baldwin Reduced Its Carbon Footprint Amid COVID-19

Originally published on reit.com

Christopher Benjamin, president and CEO of Alexander & Baldwin (NYSE: ALEX), participated in a video interview in conjunction with Nareit’s REITweek: Virtual Investor Conference (held June 2-4).

Click here to view the video

Benjamin said that because Hawaii is an isolated chain of islands, it was able to do a great job of containing COVID-19 by cutting off the flow of tourists entering the state. With tourism vital to Hawaii’s economy though, and with Alexander & Baldwin serving as the largest owner of grocery and drug-anchored retail in the state, he said the challenge now is how to approach reopening in a safe manner.

“The good news is we can open up locally and remain very safe,” he said. “We have essentially a safe travel bubble between the islands that we can operate in.”

Benjamin said that COVID-19 has allowed Alexander & Baldwin to demonstrate many of its historic environmental, social, and governance (ESG) strengths, including its commitment to its community and employees, while also allowing the REIT to strengthen other areas like reducing its carbon footprint. He said that as a founding member of the Hawaii Sustainability Business Forum, Alexander & Baldwin has been involved in the discussion about how to preserve and protect environmental advances that have been made due to COVID-19.

Benjamin added that Alexander & Baldwin’s tenants range from essential businesses to national brands to local companies, so the REIT has been having one-on-one conversations with tenants to best keep them apprised throughout the pandemic.

Benjamin also said that all of Alexander & Baldwin’s centers were open as of late May and that the REIT was collecting the majority of its rent, but that some tenants inevitably won’t be able to weather the financial hardship.

“An interesting potential play [though] is the notion of de-urbanization as people go to more remote working,” he said. “We’re certainly going to be very focused on identifying those shifts that take place as a result of COVID-19…and try to take advantage of [them] in our portfolio.”

Donut King Open for Business at Kailua Shopping Center

May 12, 2020 in Sustainability

Despite the turbulent times, the owners of Donut King Hawaii forged ahead and opened their latest donut store at Alexander & Baldwin’s Kailua Shopping Center, where they have been warmly welcomed by customers.

Donut King Open for Business at Kailua Shopping Center

Originally published in The Star-Advertiser

Donut King, a family-owned business, opened its doors at Kailua Shopping Center at 6 a.m. today to a line of customers in the midst of the coronavirus pandemic.

The shop, which occupies the space formerly occupied by Grylt at the center, is the second location for Donut King, which has a location at Market City Shopping Center in Kaimuki.

Family member Sophy Son said she was “very happy” that the store was able to open this morning after receiving clearance from a virtual inspection by the Hawaii Department of Health. The lease for the space had been signed before the pandemic’s stay-at-home orders began, according to property owner Alexander & Baldwin.

The donuts are hand-prepared and cut every morning, and popular hits, including the maple bacon donuts, were available, along with sprinkled donuts, glazed twists and croissants.

Kaipolani Fake of Kailua saw that the shop was open on her way back from a walk on the beach, and decided to pick some up on the way home.

She agreed that donuts were essential.

“Absolutely, especially for Kailua,” she said. “I miss having fresh donuts in Kailua. We got our workout in already, and donuts make people happy.”

She said she missed Agnes’ Portuguese Bake Shop, which closed in 2018 after nearly 50 years in business, as well as Craig’s Bakery which was open decades ago.

Emalia Cobb-Adams of Kailua stood in line, as well, after hearing through friends that it was opening.

“I’m excited to try it,” said Cobbadams. “The last one I really remember was Agnes’ and then Craig’s before that, We need a good mom-and-pop shop.”

The Kailua Donut King shop will be open from 6 a.m. to 3 p.m. daily for the time being. Visit donutkinghawaii.com or follow @donutkinghawaii on Instagram and Facebook for updates.

Sustainability Business Forum

December 14, 2019 in Sustainability

Alexander & Baldwin is proud to be a member of the Hawaii Sustainability Business Forum (SBF), a group of businesses that are working together to shape a sustainable future for Hawaiʻi.  The SBF is committed to a triple-bottom-line approach (economy, environment, community) and to advance the goals of the Aloha+ Challenge.

One example of the actions being taken by the SBF is the Kona Hema project.  A&B is one of the subgroups within the SBF that is partnering with The Nature Conservancy Hawaiʻi to invest in Hawaiʻi’s first carbon offset project. Carbon offsets are a market-based mechanism that creates a revenue stream to support investment in Hawaiʻi’s natural resources. A number of landowners are considering or developing carbon offset projects in Hawaiʻi and are looking to this project for a price signal (8,000 acre forest improvement project, anticipated 120,000 ACR certified credits available for sale in 2020).

In addition, the SBF has instituted the “Green Your Business Initiative” — a set of actions for SBF members to lead by example on the holistic set of Aloha+ Challenge Goals. As the first step, 11 SBF members are now tracking energy use and efficiency savings of selected corporate buildings enrolled in Hawaiʻi Energyʻs CEI (Continuous Energy Improvement) Program on the Aloha+ Challenge Dashboard, an open-data platform for transparency and accountability.



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