Simon

Simon's reported carbon emissions

In 2023, Simon Property Group reported total carbon emissions of approximately 1,075,847,000 kg CO2e. This figure includes Scope 1 emissions of about 22,241,000 kg CO2e, Scope 2 emissions of approximately 99,430,000 kg CO2e (market-based), and significant Scope 3 emissions of around 954,176,000 kg CO2e. The Scope 3 emissions include categories such as downstream leased assets, which account for about 845,478,000 kg CO2e, and waste generated in operations, contributing approximately 898,557,000 kg CO2e. Simon has set ambitious climate commitments, aiming to reduce its absolute Scope 1 and 2 greenhouse gas emissions by 68% by 2035 from a 2019 baseline. Additionally, the company targets a 21% reduction in absolute Scope 3 emissions from downstream leased assets by 2035, using 2018 as the baseline year. These targets are aligned with the Science Based Targets initiative (SBTi), demonstrating Simon's commitment to sustainable practices and long-term value creation for shareholders. The company has made progress towards these goals, with ongoing initiatives to minimise its environmental impact. Simon's emissions data is sourced directly from Simon Property Group, Inc., with no cascaded data from parent or related organisations.