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 98% 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, 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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| 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.
