Citycon Sustainability Profile
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 67 is higher than 81% 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 2024, Citycon Oyj reported total carbon emissions of approximately 196,616,000 kg CO2e, comprising 1,015,000 kg CO2e from Scope 1, 3,036,000 kg CO2e from Scope 2 (market-based), and a significant 192,565,000 kg CO2e from Scope 3 emissions. This marks an increase from 2023, where total emissions were about 178,124,000 kg CO2e, with Scope 1 at 1,050,000 kg CO2e, Scope 2 at 4,375,000 kg CO2e (market-based), and Scope 3 at 172,700,000 kg CO2e. Citycon has committed to ambitious climate targets, aiming for carbon neutrality by 2030. This commitment includes setting Science Based Targets (SBTs) to reduce absolute Scope 1 and Scope 2 greenhouse gas emissions by 42% from a 2020 baseline. The company also plans to measure and reduce its Scope 3 emissions, aligning with the 1.5°C climate goal. The company’s emissions data is self-reported and does not cascade from any parent organization. Citycon's proactive approach to sustainability reflects its dedication to addressing climate change within the real estate sector.
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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 |
How Carbon Intensive is Citycon's Industry?
How Carbon Intensive is Citycon's Location?
Citycon's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Citycon has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about Citycon's sustainability data and climate commitments