Phoenix Mills Sustainability Profile
Phoenix Mills Limited, headquartered in India, is a prominent player in the real estate and retail industry. Established in 1905, the company has evolved significantly, marking key milestones such as the development of iconic retail destinations across major cities in India, including Mumbai and Pune. Specialising in the development and management of retail and commercial properties, Phoenix Mills is renowned for its innovative shopping malls and mixed-use developments. Their flagship projects, such as Phoenix Marketcity, offer a unique blend of shopping, dining, and entertainment experiences, setting them apart in a competitive market. With a strong market position, Phoenix Mills has received numerous accolades for its contributions to urban development and retail excellence, solidifying its reputation as a leader in the industry.
DitchCarbon Score
How does Phoenix Mills'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 Business 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
Phoenix Mills's score of 18 is lower than 88% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Phoenix Mills's reported carbon emissions
In 2023, Phoenix Mills reported total carbon emissions of approximately 24,113,510 kg CO2e, comprising 2,510 kg CO2e from Scope 1 and 24,011,000 kg CO2e from Scope 2 emissions. This represents a slight decrease in Scope 1 emissions from 2,560 kg CO2e in 2022, while Scope 2 emissions increased from 13,073,000 kg CO2e in the same year. The company has disclosed emissions data for both Scope 1 and Scope 2 but has not reported any Scope 3 emissions. For 2024, the company has not provided specific emissions data but has indicated an emission intensity of 0.00063 kg CO2e per rupee of turnover for Scope 1 and Scope 2 combined. This is a slight improvement from the previous year's intensity of 0.00061 kg CO2e per rupee of turnover. Despite these figures, Phoenix Mills has not set any specific reduction targets or climate pledges, nor have they cascaded any targets from parent or related organizations. The absence of formal commitments highlights a potential area for improvement in their climate strategy. Overall, while the company is actively monitoring its emissions, further initiatives and targets could enhance its climate commitments.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 2,560 | 0,000 |
| Scope 2 | 13,073,000 | 00,000,000 |
| Scope 3 | - | - |
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Phoenix Mills's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Phoenix Mills has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
