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.
+16 vs industry average
Macerich’s score of 44 is higher than 67% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Real Estate Services has above-average carbon intensity
Industry performance
The Real Estate Services industry has reduced its overall emissions by 42% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Macerich's reported carbon emissions
In 2024, Macerich reported total carbon emissions of approximately 221.5 million kg CO2e, comprising 30.8 million kg CO2e from Scope 1, 27.1 million kg CO2e from Scope 2, and 163.6 million kg CO2e from Scope 3 emissions. This represents a slight decrease from 2023, where total emissions were approximately 231.4 million kg CO2e, with Scope 1 at 28.5 million kg CO2e, Scope 2 at 15.8 million kg CO2e, and Scope 3 at 187.2 million kg CO2e. Macerich has set a significant climate commitment, aiming to reduce absolute Scope 1, 2, and 3 greenhouse gas emissions by 46.2% by 2030, using 2019 as the base 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 company is actively working towards this goal, although recent reports indicate no reductions in total energy consumption or electricity consumption from a 2021 baseline. Overall, Macerich's emissions data reflects a commitment to sustainability and climate action within the real estate sector, with ongoing efforts to meet their ambitious reduction targets.
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Macerich’s Climate Goals (2030 & 2050)
No climate goals have been disclosed for Macerich yet.
Scope 3 top emissions categories
7 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Macerich
Frequently asked questions
Common questions about Macerich’s sustainability data and climate commitments
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