Public Profile

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.

55

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.

26

Industry Benchmark

Citycon's score of 55 is higher than 98% of the industry. This can give you a sense of how well the company is doing compared to its peers.

98%

Citycon's reported carbon emissions

In 2022, Citycon Oyj reported total carbon emissions of approximately 209,471,000 kg CO2e, with 1,075,000 kg CO2e from Scope 1, 4,032,000 kg CO2e from Scope 2, and 204,364,000 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. Citycon is also focused on measuring and reducing its Scope 3 emissions, which represent a significant portion of its overall carbon footprint. The company’s targets align with the Science Based Targets initiative (SBTi), ensuring that their reduction efforts are consistent with the global goal of limiting temperature rise to 1.5°C.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

201220132014201520162017201820192020202120222023
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
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
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

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Citycon's primary industry is Real estate services (70), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. Citycon is headquartered in FI, which has a rank of very low, indicating very low grid carbon 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 committed to some reduction initiatives 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
Carbon Disclosure Project
The Climate Pledge
UN Global Compact

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Where does DitchCarbon data come from?

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