Parque Arauco
Parque Arauco S.A., a leading player in the retail and real estate industry, is headquartered in Santiago, Chile. Founded in 1982, the company has established itself as a prominent developer and operator of shopping centres across Chile, Peru, and Colombia. With a focus on creating vibrant commercial spaces, Parque Arauco offers a diverse range of retail, dining, and entertainment options that cater to various consumer needs. The company is renowned for its innovative approach to shopping centre design and management, ensuring a unique experience for visitors. Notable achievements include the successful expansion of its flagship centres, which have become key destinations in their respective markets. As a result, Parque Arauco holds a strong market position, continually enhancing its portfolio to meet evolving consumer preferences.
DitchCarbon Score
How does Parque Arauco'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
Parque Arauco's score of 35 is higher than 91% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Parque Arauco's reported carbon emissions
In 2024, Parque Arauco reported total carbon emissions of approximately 5,351,000 kg CO2e for Scope 1 and 2, alongside about 47,234,000 kg CO2e for Scope 3 emissions. This reflects a slight decrease in Scope 1 and 2 emissions from 2023, where they were about 5,617,000 kg CO2e, while Scope 3 emissions increased from approximately 42,467,000 kg CO2e in the previous year. Parque Arauco has set ambitious climate commitments, aiming to reduce absolute Scope 1 and 2 greenhouse gas emissions by 37.8% by 2029, using 2022 as the base year. Additionally, the company targets a 48% reduction in Scope 3 emissions related to purchased goods and services, waste generated in operations, and downstream leased assets per square metre of gross leasable area within the same timeframe. These targets align with the Science Based Targets initiative (SBTi) and are consistent with efforts to limit global warming to 1.5°C. Overall, Parque Arauco's emissions data and climate commitments demonstrate a proactive approach to reducing their carbon footprint and addressing climate change within the real estate sector in Chile.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 222,000 | 000,000 | 000,000 | - | - | - |
| Scope 2 | 5,530,000 | 0,000,000 | 0,000,000 | - | - | - |
| Scope 3 | - | - | - | 00,000,000 | 00,000,000 | 00,000,000 |
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.
Parque Arauco 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.
