General Growth Properties
General Growth Properties, often referred to as GGP, is a prominent real estate investment trust (REIT) headquartered in the United States. Founded in 1954, GGP has established itself as a leader in the retail and mixed-use property sectors, primarily operating in major metropolitan areas across the country. The company focuses on the development, management, and leasing of high-quality shopping centres and mixed-use properties, distinguished by their strategic locations and innovative design. GGP's commitment to enhancing the customer experience and fostering community engagement has solidified its market position, making it a notable player in the commercial real estate industry. With a portfolio that includes some of the most iconic retail destinations, GGP continues to shape the landscape of modern retail environments.
DitchCarbon Score
How does General Growth Properties'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
General Growth Properties's score of 9 is higher than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.
General Growth Properties's reported carbon emissions
In 2023, General Growth Properties reported total carbon emissions of approximately 7,680,000 kg CO2e. This figure includes 1,500,000 kg CO2e from Scope 1 emissions, 6,980,000 kg CO2e from Scope 2 emissions (market-based), and various contributions from Scope 3 emissions, such as 224,000 kg CO2e from business travel and 53,217,000 kg CO2e from downstream leased assets. Comparatively, in 2015, the company had total emissions of about 530,950,000 kg CO2e, with Scope 1 emissions at 31,370,000 kg CO2e and Scope 2 emissions at 491,680,000 kg CO2e. This indicates a significant reduction in emissions over the years, particularly in Scope 2. Despite these reductions, General Growth Properties has not publicly committed to specific reduction targets or initiatives, nor have they aligned with the Science Based Targets initiative (SBTi). Their climate commitments remain vague, and no formal climate pledges have been disclosed. The company continues to navigate the complexities of carbon emissions within the real estate sector, focusing on improving sustainability practices.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2014 | 2015 | 2023 | |
|---|---|---|---|
| Scope 1 | 32,430,000 | 00,000,000 | 0,000,000 |
| Scope 2 | 513,670,000 | 000,000,000 | 0,000,000 |
| Scope 3 | 8,060,000 | 0,000,000 | 00,000,000 |
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.
General Growth Properties is not committed to any 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.
