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OrganisationsCitycon
Citycon logo

Citycon

Real Estate ServicesFinlandPNK: COYJF
Last verified 26 days agocitycon.com

Citycon Oyj, headquartered in Finland, is a prominent player in the real estate services industry, specifically focusing on retail property management and development. Founded in 1988, Citycon has established a strong presence across the Nordic and Baltic regions, with a portfolio that includes shopping centres and mixed-use properties.

The company is renowned for its innovative approach to creating vibrant retail environments that enhance customer experiences. Citycon's core services encompass property development, asset management, and leasing, all aimed at maximising the value of its properties. With a commitment to sustainability and community engagement, Citycon has achieved notable milestones, positioning itself as a leader in the retail real estate sector. Its strategic focus on urban locations and customer-centric developments sets it apart in a competitive market.

42
DitchCarbon score

+14 vs industry average

Citycon’s score of 42 is higher than 59% of the industry. This can give you a sense of how well the company is doing compared to its peers.

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Industry Intensity

High

Real Estate Services has above-average carbon intensity

Industry performance

0.208
20192025

The Real Estate Services industry has reduced its overall emissions by 42% since 2019

Emissions trajectory 2020 – 2027

000M000.0M000.0M00.0M0

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20202021202220232024202520262027

Reported emissions

Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e

Scope 3 accounts for ••• of total emissions.

Citycon's reported carbon emissions

Citycon's total carbon emissions for 2024 were approximately 196.6 million kg CO2e. This comprises about 1.0 million kg CO2e of Scope 1 emissions, approximately 3.0 million kg CO2e of Scope 2 emissions (market-based), and around 192.6 million kg CO2e of Scope 3 emissions. For the previous year, 2023, Citycon reported total emissions of roughly 178.1 million kg CO2e, including approximately 1.1 million kg CO2e for Scope 1, about 4.4 million kg CO2e for Scope 2 (market-based), and an estimated 172.7 million kg CO2e for Scope 3. Citycon has committed to ambitious climate targets, aiming for carbon neutrality by 2030. In line with this, Citycon Oyj has set Science Based Targets (SBTs), committing to reduce absolute Scope 1 and Scope 2 greenhouse gas emissions by 42% by 2030, using a 2020 baseline year. The company also commits to measuring and reducing its Scope 3 emissions. These targets have been validated by the Science Based Targets initiative (SBTi) and are considered consistent with keeping global warming to 1.5°C.

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Citycon’s Climate Goals (2030 & 2050)

1 goal

2030

In 2019 we pledged to set Science Based Targets (SBTs) to gu…

In 2019 we pledged to set Science Based Targets (SBTs) to guide us in the concrete steps to take in order to become carbon neutral by 2030.

Behind target0%

2030

62% reduction in total GHG

Vs 2019 baseline. Validated by SBTi. Includes full supply chain.

At risk48%

2040

50% reduction in Scope 3 intensity

Across purchased goods and services and logistics.

Behind target22%

See all 1 climate goals

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Scope 3 top emissions categories

No scope 3 category breakdown has been disclosed yet.

Climate initiatives

SCIENCE BASED TARGETS

Science Based Targets Initiative

2030 targetSee details
Active
CDP

Carbon Disclosure Project

Sign in to view
Active
THE CLIMATE PLEDGE

The Climate Pledge

See details
Not active
United Nations Global Compact

UN Global Compact Climate Champions initiative

See details
Not active
RE 100

RE 100

See details
Not active
Climate Action 100+

Climate Action 100

See details
Not active

Emissions comparison with industry peers

View similar organisations
CompanyCountryIndustryLast updatedScoreDetails
Citycon logoCitycon
FIReal Estate Services
26 days ago
42
Derwent London logoDerwent London
GBFinancial Intermediation
7 days ago
71
View
Unite logoUnite
GBReal Estate Services
11 days ago
67
View
Rodamco Europe N.V. logoRodamco Europe N.V.
NLReal Estate Services
29 days ago
60
View
Hufvudstaden logoHufvudstaden
SEReal Estate Services
2 days ago
56
View
Merlin Properties logoMerlin Properties
ESReal Estate Services
26 days ago
54
View
Cofinimmo logoCofinimmo
BEReal Estate Services
58 minutes ago
50
View

Frequently asked questions

Common questions about Citycon’s sustainability data and climate commitments

Citycon's total carbon emissions for 2024 were approximately 196.6 million kg CO₂e. This includes around 1.0 million kg CO₂e from Scope 1 emissions, approximately 3.0 million kg CO₂e from Scope 2 emissions, and about 192.6 million kg CO₂e from Scope 3 emissions. The significant portion of emissions comes from Scope 3, highlighting the importance of addressing supply chain impacts in their sustainability strategy.

Data year: 2024

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Ditchcarbonv260701.2
[email protected]+44 203 475 7875

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