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Company Info

People, Places and Partnerships

A Message from Steven B. Tanger, Chief Executive Officer

I am pleased to present to you Tanger Outlets' 2016 Corporate Responsibility Report covering results in calendar year 2016. Our focus is on People, Place and Partnerships which encompasses environmental sustainability as well as the impact on stakeholders including retail partners, shareholders, team members, customers, and community partners.

While this is our first year to formally report on our corporate responsibility efforts, Tanger team members have long been attuned to and focused on these issues. The idea of corporate responsibility has evolved beyond philanthropy to involve transparent disclosure practices, employee engagement and many more important factors that sustain a business. Transparency in reporting is a vital aspect of integrity, and thus in this report you will see year to year comparisons and plans for potential future enhancements.

People, Places and Partnerships

Our formula for success is to engage shoppers to ensure that we create experiences that allow friends and family to enjoy time spent together shopping the most popular brands at value prices in best-in-class centers. To accomplish this, we work with retail partners that provide fashionable merchandise at value prices; develop, deliver and manage best-in-class centers that create profitable distribution channels for our retailers; seek to provide reasonable returns for our investors; create a productive and supportive work environment for team members; and employ responsible environmental practices.

We are proud of the consistent and ongoing progress made in our environmental sustainability efforts, where we have decreased our energy use by more than 5% compared to last year. You can read about our progress in the Place section of this report. Our "TangerCARES" programs help those most in need in local communities as well as national efforts like the Breast Cancer Research Foundation. Tanger Outlets has given more than $17 million toward community and national programs since 1994, and along with volunteer efforts by Tanger team members we have made a significant impact in these communities. Through our annual PINK Campaign, we have consistently funded community breast cancer awareness and prevention programs and the fight to end breast cancer by advancing the world's most promising research through our partnership with the Breast Cancer Research Foundation. Additionally, we help fund children's education programs and schools through our TangerKIDS program, and local fire, emergency, law enforcement and military personnel through our Hometown Heroes program. You'll want to read more about these important contributions in the Partnerships - Our Community Engagement section of this report.

We thank you for your support, and welcome your feedback as we move forward to positively impact our communities, as well as the people we serve.

Sincerely,
STEVEN B. TANGER
Chief Executive Officer
Tanger Factory Outlet Centers, Inc.

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