Macerich
Macerich, officially known as The Macerich Company, is a prominent player in the retail real estate industry, headquartered in the United States. Founded in 1972, the company has established itself as a leader in the development, management, and leasing of high-quality retail properties, primarily in major metropolitan regions across the US. Macerich's portfolio includes a diverse range of shopping centres, known for their unique blend of luxury and lifestyle brands, which sets them apart in the competitive market. The company has achieved notable milestones, including recognition for its sustainable practices and innovative redevelopment projects. With a strong market position, Macerich continues to enhance the shopping experience, making it a key contributor to the evolution of retail environments.
DitchCarbon Score
How does Macerich'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
Macerich's score of 56 is higher than 75% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Macerich's reported carbon emissions
In 2023, Macerich reported total carbon emissions of approximately 231,420,000 kg CO2e. This figure includes 28,470,000 kg CO2e from Scope 1 emissions, which encompass direct emissions from owned or controlled sources. Scope 2 emissions, primarily from purchased electricity, steam, and heating, accounted for about 15,791,000 kg CO2e. The majority of emissions, approximately 187,159,000 kg CO2e, were classified as Scope 3, which includes indirect emissions from the value chain, such as downstream leased assets and purchased goods and services. Macerich has set a significant target to reduce its absolute greenhouse gas emissions by 46.2% across all scopes by 2030, using 2019 as the baseline year. This target was approved by the Science Based Targets initiative (SBTi) in 2021, aligning with global efforts to limit warming to 1.5°C. The commitment encompasses all scopes of emissions, indicating a comprehensive approach to climate action. In summary, Macerich's climate commitments reflect a robust strategy to address its carbon footprint, with clear reduction targets and a focus on both direct and indirect emissions.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 11,405,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 16,676,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 113,220,000 | 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.
Macerich 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.
