Parque Arauco
Parque Arauco S.A., a leading retail and real estate development company headquartered in Santiago, Chile, has established itself as a prominent player in the Latin American market since its founding in 1982. With a strong presence in Chile, Peru, and Colombia, Parque Arauco focuses on the development and management of shopping centres, mixed-use properties, and retail spaces. The company is renowned for its innovative approach to creating vibrant shopping environments that blend leisure, dining, and retail experiences. Notable achievements include the successful expansion of its flagship shopping centres, which consistently attract a diverse clientele. Parque Arauco's commitment to sustainability and community engagement further enhances its market position, making it a preferred choice for both consumers and investors in the competitive retail landscape.
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 19 is higher than 83% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Parque Arauco's reported carbon emissions
In 2023, Parque Arauco reported total carbon emissions of approximately 53,520,000 kg CO2e, comprising 652,000 kg CO2e from Scope 1, 1,765,000 kg CO2e from Scope 2, and a significant 47,903,000 kg CO2e from Scope 3 emissions. This marks an increase in total emissions compared to previous years, reflecting the complexities of managing emissions across various operational scopes. In 2022, the total emissions were about 49,713,000 kg CO2e, with Scope 1 emissions at 389,000 kg CO2e, Scope 2 at 2,790,000 kg CO2e, and Scope 3 emissions reaching 40,672,000 kg CO2e. The data indicates a trend of increasing emissions, particularly in Scope 3, which often includes indirect emissions from the supply chain and product use. Parque Arauco has not disclosed specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of documented reduction strategies suggests a need for enhanced climate commitments to align with industry standards and expectations for sustainability. The company has reported emissions intensity metrics, such as 0.00541 kg CO2e/m² for common areas in Colombia in 2023, which can serve as a baseline for future improvements. Overall, while Parque Arauco's emissions data provides insight into their current impact, the lack of clear reduction targets highlights an opportunity for the organisation to strengthen its climate commitments and contribute more effectively to global sustainability efforts.
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Add to project| 2017 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 140,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 20,012,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 20,152,000 | - | 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 committed to some reduction initiatives 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.
