Simon

Simon Property Group, a US-based real estate services company, reported total global emissions of approximately 1.08 billion kg CO2e in 2023. This includes Scope 1 emissions of approximately 22.2 million kg CO2e, market-based Scope 2 emissions of approximately 99.4 million kg CO2e, and Scope 3 emissions of approximately 954.2 million kg CO2e. Key categories within Scope 3 for 2023 include downstream leased assets at approximately 845.5 million kg CO2e, waste generated in operations at approximately 898.6 million kg CO2e, and fuel and energy-related activities at approximately 87.3 million kg CO2e.

In 2022, Simon Property Group's total global emissions were approximately 1.10 billion kg CO2e, with Scope 1 emissions at approximately 22.6 million kg CO2e, market-based Scope 2 emissions at approximately 107.5 million kg CO2e, and Scope 3 emissions at approximately 924.9 million kg CO2e. The company has demonstrated a reduction in total emissions between 2022 and 2023.

Simon Property Group is committed to reducing its environmental impact and has adopted Science Based Targets initiative (SBTi) approved targets. The company aims to reduce absolute Scope 1 and 2 greenhouse gas emissions by 68% by 2035 from a 2019 base year. Additionally, Simon Property Group commits to reduce absolute Scope 3 GHG emissions from downstream leased assets by 21% by 2035 from a 2018 base year. These targets covering Scope 1 and 2 emissions are consistent with reductions required to keep warming to 1.5°C.