Simon
Simon Property Group, commonly referred to as Simon, is a leading global real estate investment trust (REIT) headquartered in the United States. Established in 1993, Simon has grown to become a dominant player in the retail real estate industry, with a significant presence across major operational regions, including North America and Asia. Specialising in the ownership and management of premier shopping, dining, and entertainment destinations, Simon is renowned for its innovative approach to creating vibrant retail environments. The company’s portfolio includes iconic properties such as Simon malls and premium outlets, which are distinguished by their unique blend of luxury and accessibility. With a commitment to enhancing the consumer experience, Simon has achieved notable milestones, solidifying its market position as a leader in the retail sector. The company continues to adapt to evolving market trends, ensuring its offerings remain relevant and appealing to a diverse clientele.
DitchCarbon Score
How does Simon'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
Simon's score of 49 is higher than 72% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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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 totalling around 954,176,000 kg CO2e. Notably, the Scope 3 emissions include downstream leased assets, which account for about 845,478,000 kg CO2e. Comparatively, in 2022, Simon's total emissions were about 1,103,207,000 kg CO2e, indicating a slight reduction in emissions year-on-year. The company has set ambitious climate commitments, aiming to reduce absolute Scope 1 and 2 GHG emissions by 68% by 2035 from a 2019 baseline. Additionally, Simon is targeting 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 environmental stewardship. The company is actively working towards these goals, with progress reported as being on track for both the two-year and five-year milestones for Scope 2 emissions reductions.
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| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 22,727,000 | - | - | - | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 368,998,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 000,000,000 | 000,000,000 | 00,000,000 |
| Scope 3 | 570,611,000 | - | - | - | - | 0,000,000,000 | - | 000,000,000 | 000,000,000 | 0,000,000,000 | 000,000,000 |
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.
Simon is participating in some of the initiatives that 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.
