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 63 is higher than 78% 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 2024, Macerich reported total carbon emissions of approximately 221,451,000 kg CO2e, comprising 30,779,000 kg CO2e from Scope 1, 27,065,000 kg CO2e from Scope 2, and 163,607,000 kg CO2e from Scope 3 emissions. This represents a slight decrease from 2023, where total emissions were about 231,420,000 kg CO2e, with Scope 1 emissions at 28,470,000 kg CO2e, Scope 2 at 15,791,000 kg CO2e (market-based), and Scope 3 at 187,159,000 kg CO2e. Macerich has set a significant climate commitment through the Science Based Targets initiative (SBTi), aiming to reduce absolute Scope 1, 2, and 3 greenhouse gas emissions by 46.2% by 2030, using 2019 as the baseline year. This target was approved in 2021 and aligns with the necessary reductions to limit global warming to 1.5°C. The company has disclosed emissions data across all three scopes, demonstrating transparency in its climate impact. Macerich's ongoing efforts include initiatives to improve energy efficiency and reduce overall emissions, although specific reductions in energy consumption from a 2021 baseline have not been reported. Overall, Macerich's commitment to substantial emissions reductions reflects its proactive approach to addressing climate change within the real estate sector in the United States.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 11,405,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 16,676,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 113,220,000 | 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.
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.
