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OrganisationsParque Arauco
Parque Arauco logo

Parque Arauco

Real Estate ServicesChileSGO: PARAUCO.SN
Last verified 6 days agoparauco.com

Parque Arauco, a leading player in the real estate services sector, is headquartered in Santiago, Chile. Founded in 1982, the company has established a strong presence in the retail and commercial property markets, primarily operating in Chile, Peru, and Colombia. Specialising in the development and management of shopping centres, Parque Arauco is renowned for its innovative approach to creating vibrant retail environments that enhance customer experiences.

With a portfolio that includes iconic shopping destinations, Parque Arauco has achieved significant milestones, including the successful expansion of its properties across Latin America. The company is recognised for its commitment to sustainability and community engagement, setting it apart in the competitive real estate landscape. As a result, Parque Arauco has solidified its position as a market leader, continually adapting to the evolving needs of consumers and retailers alike.

25
DitchCarbon score

-4 vs industry average

Parque Arauco’s score of 25 is lower than 42% 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

High

Real Estate Services has above-average carbon intensity

Industry performance

0.221
20182025

The Real Estate Services industry has reduced its overall emissions by 17% since 2018

Emissions trajectory 2020 – 2027

00.0M00.0M00.0M00.0M0

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20202021202220232024202520262027

Reported emissions

Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e

Scope 3 accounts for ••• of total emissions.

Parque Arauco's reported carbon emissions

Parque Arauco, a real estate services company headquartered in Chile (CL), is committed to reducing its carbon emissions. For the reporting year 2024, the company reported Scope 3 emissions of approximately 47,234,000 kg CO2e and Scope 1 and 2 emissions of approximately 5,351,000 kg CO2e. In the preceding year, 2023, total Scope 3 emissions were approximately 42,467,000 kg CO2e, with Scope 1 and 2 emissions at approximately 5,617,000 kg CO2e.

Parque Arauco has set ambitious climate targets aligned with the Science Based Targets initiative (SBTi). The company commits to reducing absolute Scope 1 and 2 greenhouse gas (GHG) emissions by 37.8% by 2029, using 2022 as the base year. Furthermore, Parque Arauco aims to reduce its Scope 3 GHG emissions related to purchased goods and services, waste generated in operations, and downstream leased assets by 48% per square meter of gross leasable area within the same timeframe. These targets are classified as near-term and are consistent with limiting global warming to 1.5°C. The company's emissions data and reduction commitments are specific to Parque Arauco S.A. and are not cascaded from a parent organisation.

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Parque Arauco’s Climate Goals (2030 & 2050)

2 goals

2029

37.8% reduction in Scope 1

Parque Arauco S.A commits to reduce absolute scope 1 and 2 GHG emissions 37.8% by 2029 from a 2022 base year. Parque Arauco S.A. also commit…

Insufficient data37.8%

2029

37.8% reduction in Scope 2

Parque Arauco S.A commits to reduce absolute scope 1 and 2 GHG emissions 37.8% by 2029 from a 2022 base year. Parque Arauco S.A. also commit…

Insufficient data37.8%

Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.

Scope 3 top emissions categories

No scope 3 category breakdown has been disclosed yet.

Climate initiatives

SCIENCE BASED TARGETS

Science Based Targets Initiative

2029 targetSee details
Active
CDP

Carbon Disclosure Project

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Active
THE CLIMATE PLEDGE

The Climate Pledge

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Not active
United Nations Global Compact

UN Global Compact Climate Champions initiative

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Active
RE 100

RE 100

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Not active
Climate Action 100+

Climate Action 100

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Not active

Emissions comparison with industry peers

View similar organisations
CompanyCountryIndustryLast updatedScoreDetails
Parque Arauco logoParque Arauco
CLReal Estate Services
6 days ago
25
Unibail Rodamco Westfield logoUnibail Rodamco Westfield
FRReal Estate Services
3 days ago
64
View
Klepierre logoKlepierre
FRReal Estate Services
4 days ago
52
View
Crombie Reit logoCrombie Reit
CAReal Estate Services
4 days ago
51
View
Macerich logoMacerich
USReal Estate Services
4 days ago
45
View
Westfield Corporation logoWestfield Corporation
AUReal Estate Services
4 days ago
45
View
Vornado Realty Trust logoVornado Realty Trust
USReal Estate Services
4 days ago
37
View

Frequently asked questions

Common questions about Parque Arauco’s sustainability data and climate commitments

In 2024, Parque Arauco's estimated total greenhouse gas emissions were approximately 52.6 million kg CO₂e, combining Scope 3 emissions of about 47.2 million kg CO₂e and Scope 1 and 2 emissions of roughly 5.3 million kg CO₂e. The majority of these emissions, over 90%, originate from Scope 3, which includes purchased goods, waste, and downstream leased assets. This data highlights the company's significant environmental footprint within the real estate sector in Latin America, emphasizing the importance of ongoing reduction efforts and transparency for stakeholders interested in its climate impact.

Data year: 2024

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