Citycon
Citycon Oyj, headquartered in Finland, is a leading player in the retail property industry, specialising in the development and management of shopping centres across the Nordic and Baltic regions. Founded in 1988, Citycon has established a strong market presence, focusing on creating vibrant, community-oriented retail environments that enhance customer experiences. The company’s core services include property development, asset management, and leasing, with a unique emphasis on sustainability and innovation. Citycon is renowned for its commitment to integrating mixed-use spaces that combine retail, leisure, and residential elements, setting it apart in a competitive market. With a portfolio that includes several prominent shopping centres, Citycon has achieved notable milestones, positioning itself as a trusted partner for retailers and investors alike. Its strategic approach to urban development and community engagement continues to drive its success in the evolving retail landscape.
DitchCarbon Score
How does Citycon's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Real Estate Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Citycon's score of 76 is higher than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Citycon's reported carbon emissions
In 2023, Citycon Oyj reported total carbon emissions of approximately 178,124,000 kg CO2e, with 1,050,000 kg CO2e from Scope 1, 4,375,000 kg CO2e from Scope 2, and a significant 172,700,000 kg CO2e from Scope 3 emissions. The company has set ambitious climate commitments, pledging to achieve carbon neutrality by 2030. This commitment includes a target to reduce absolute Scope 1 and Scope 2 greenhouse gas emissions by 42% from a 2020 baseline by 2030, while also measuring and reducing Scope 3 emissions. In previous years, Citycon's emissions have varied, with Scope 2 emissions peaking at 15,763,000 kg CO2e in 2018 and Scope 3 emissions reaching 80,392,000 kg CO2e in 2022. The company has made strides in reducing its carbon footprint, particularly in Scope 2 emissions, which decreased from 15,763,000 kg CO2e in 2018 to 2,184,000 kg CO2e in 2022. Citycon's commitment to science-based targets aligns with global efforts to limit temperature rise to 1.5°C, demonstrating its dedication to sustainable practices within the real estate sector. The company continues to focus on transparency and accountability in its emissions reporting, contributing to a more sustainable future.
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| 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 755,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 73,165,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 689,000 | 000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Citycon is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
