Macerich Sustainability Profile
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 72 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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Macerich's reported carbon emissions
In 2024, Macerich reported total carbon emissions of approximately 221,451,000 kg CO2e, a slight decrease from 2023's total of about 231,420,000 kg CO2e. The emissions breakdown for 2024 includes Scope 1 emissions of about 30,779,000 kg CO2e, Scope 2 emissions of approximately 27,065,000 kg CO2e, and significant Scope 3 emissions totalling around 163,607,000 kg CO2e. Macerich has set an ambitious target to reduce its absolute greenhouse gas emissions across all scopes by 46.2% by 2030, using 2019 as the baseline year. This target, approved by the Science Based Targets initiative (SBTi) in 2021, encompasses all scopes of emissions, including Scope 1, 2, and 3. The company has demonstrated a commitment to sustainability through various initiatives, although specific reductions in energy consumption from a 2021 baseline have not been reported. Macerich's efforts align with industry standards for climate action, aiming to contribute to global efforts to limit temperature rise to 1.5°C. Overall, Macerich's emissions data and climate commitments reflect a proactive approach to addressing climate change within the real estate sector, with a clear focus on achieving substantial reductions in greenhouse gas emissions by 2030.
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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 |
How Carbon Intensive is Macerich's Industry?
How Carbon Intensive is Macerich's Location?
Macerich's Scope 3 Categories Breakdown
Macerich's Scope 3 emissions, which decreased by 13% last year and increased by approximately 45% since 2020, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 74% of total emissions under the GHG Protocol, with "Downstream Leased Assets" being the largest emissions source at 57% of Scope 3 emissions.
Top Scope 3 Categories
Macerich's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Macerich has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
Frequently Asked Questions
Common questions about Macerich's sustainability data and climate commitments