Public Profile

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.

56

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.

24

Industry Benchmark

Macerich's score of 56 is higher than 98% of the industry. This can give you a sense of how well the company is doing compared to its peers.

98%

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Macerich's reported carbon emissions

In 2023, Macerich reported total carbon emissions of approximately 231,420,000 kg CO2e, a slight decrease from about 240,427,000 kg CO2e in 2022. The emissions breakdown includes Scope 1 emissions of about 28,470,000 kg CO2e, Scope 2 emissions of approximately 15,791,000 kg CO2e (market-based), and significant Scope 3 emissions totalling around 187,159,000 kg CO2e. Notably, the Scope 3 emissions encompass categories such as downstream leased assets, which account for about 129,309,000 kg CO2e. Macerich has set ambitious climate commitments, aiming to reduce absolute greenhouse gas emissions across all scopes by 46.2% by 2030, using 2019 as the baseline year. This target aligns with the Science Based Targets initiative (SBTi) and is designed to contribute to limiting global warming to 1.5°C. The commitment encompasses all scopes of emissions, including Scope 1, Scope 2, and Scope 3, reflecting a comprehensive approach to climate action within the real estate sector.

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2020202120222023
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

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Macerich's primary industry is Real estate services (70), which is low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Macerich is in US, which has a low grid carbon intensity relative to other regions.

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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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Where does DitchCarbon data come from?

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