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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.
73
DitchCarbon score
+44 vs industry average
Citycon’s score of 73 is higher than 82% 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
0.221
20182025
The Real Estate Services industry has reduced its overall emissions by 17% since 2018
Emissions trajectory 2020 – 2028
202020212022202320242025202620272028
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, a real estate services company headquartered in Finland, reported total carbon emissions of approximately 112.7 million kg CO2e in 2025. This includes about 1.2 million kg CO2e from Scope 1 emissions, approximately 10.2 million kg CO2e from Scope 2 market-based emissions, and about 110.5 million kg CO2e from Scope 3 emissions.
In 2024, Citycon's total carbon emissions were approximately 185.8 million kg CO2e, comprising about 1.0 million kg CO2e from Scope 1, approximately 12.1 million kg CO2e from Scope 2 market-based emissions, and about 181.7 million kg CO2e from Scope 3 emissions.
The company 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 base year. Citycon also aims to measure and reduce its Scope 3 emissions as part of this commitment. These targets were approved using a streamlined validation route for Small and Medium-sized Enterprises (SMEs) and are consistent with reductions required to limit global warming to 1.5°C. Citycon has also pledged to become carbon neutral by 2030.
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Citycon’s Climate Goals (2030 & 2050)
2 goals2030
42% reduction in Scope 2
Citycon Oyj commits to reduce absolute scope 2 GHG emissions by 42% by 2030 from a 2020 base year.
On track42%
2030
42% reduction in Scope 1
Citycon Oyj commits to reduce absolute scope 1 GHG emissions by 42% by 2030 from a 2020 base year.
Behind target42%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
7 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
2030 targetSee details
Active
Carbon Disclosure Project
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Active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Not active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Citycon2 months ago
73
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Frequently asked questions
Common questions about Citycon’s sustainability data and climate commitments
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