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 67 is higher than 83% 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, with emissions distributed across various scopes: 1,015,000 kg CO2e (Scope 1), 3,036,000 kg CO2e (Scope 2, market-based), and a significant 192,565,000 kg CO2e (Scope 3). This represents an increase from 2023, where total emissions were about 178,124,000 kg CO2e, comprising 1,050,000 kg CO2e (Scope 1), 4,375,000 kg CO2e (Scope 2, market-based), and 172,700,000 kg CO2e (Scope 3). Citycon has committed to ambitious climate targets, aiming for carbon neutrality by 2030. This commitment includes setting Science Based Targets (SBTs) to guide their emissions reduction efforts. Specifically, the company aims to reduce absolute Scope 1 and Scope 2 greenhouse gas emissions by 42% by 2030, using 2020 as the baseline year. Additionally, Citycon is focused on measuring and reducing its Scope 3 emissions, which constitute the majority of its carbon footprint. The company's emissions data is self-reported and does not cascade from any parent organization, ensuring that the figures reflect Citycon's direct operational impact. As part of its sustainability strategy, Citycon is actively working towards these targets to align with global climate goals and enhance its environmental performance.
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| 2012 | 2013 | 2014 | 2015 | 2016 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 755,000 | 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 | 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 | 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.
