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Simon Property Group, commonly known as Simon, stands as a prominent US-headquartered global leader in the retail real estate sector. Specialising in the ownership, development, and management of premier shopping, dining, and entertainment destinations, Simon’s extensive portfolio spans across the United States and internationally.
Founded in 1960, Simon has evolved into a powerhouse, establishing its reputation for innovative commercial property solutions including iconic malls, Premium Outlets, and dynamic mixed-use developments. Their unique approach focuses on creating immersive, high-quality retail and lifestyle experiences for consumers.
As an S&P 100 company, Simon occupies a commanding market position, recognised for its significant contributions to the commercial real estate landscape. Its strategic investments and property management expertise solidify its status as a top-tier player in global retail property.
31
DitchCarbon score
+2 vs industry average
Simon’s score of 31 is lower than 46% 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 – 2026
2020202120222023202420252026
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.
Simon's reported carbon emissions
Simon, a US-based real estate services company, reported total market-based carbon emissions of approximately 1.08 billion kg CO2e in 2023. This includes Scope 1 emissions of 22.24 million kg CO2e, Scope 2 market-based emissions of 99.43 million kg CO2e, and Scope 3 emissions of 954.18 million kg CO2e. Key contributors to Scope 3 emissions in 2023 included downstream leased assets at 845.48 million kg CO2e, waste generated in operations at 898.56 million kg CO2e, and fuel and energy-related activities at 87.33 million kg CO2e.
Looking back, Simon's total market-based emissions were approximately 1.10 billion kg CO2e in 2022, 981.07 million kg CO2e (Scope 1 and 2 combined, plus Scope 3) in 2021, and 943.93 million kg CO2e (Scope 1 and 2 combined, plus Scope 3) in 2020. The company has demonstrated a reduction in its total market-based emissions since 2022.
Simon has committed to several climate targets validated by the Science Based Targets initiative (SBTi). The company aims to reduce absolute Scope 1 and Scope 2 GHG emissions by 68% by 2035, using a 2019 base year. Additionally, Simon is committed to reducing absolute Scope 3 GHG emissions from downstream leased assets by 21% by 2035, from a 2018 base year. These targets are consistent with reductions required to keep global warming to 1.5°C.
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Simon’s Climate Goals (2030 & 2050)
3 goals2035
68% reduction in Scope 2
Simon Property Group commits to reduce absolute scope 1 and 2 GHG emissions 68% by 2035 from a 2019 base year.
On track68%
2035
68% reduction in Scope 1
Simon Property Group commits to reduce absolute scope 1 and 2 GHG emissions 68% by 2035 from a 2019 base year.
Behind target68%
2035
21% reduction in scope 3 total
Simon Property Group also commits to reduce absolute scope 3 GHG emission from downstream leased assets 21% by 2035 from a 2018 base year.
Behind target21%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
6 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
2035 targetSee details
Active
Carbon Disclosure Project
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Active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Not active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Simon10 months ago
31
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Frequently asked questions
Common questions about Simon’s sustainability data and climate commitments
In 2023, Simon reported total market-based carbon emissions of approximately 1.08 billion kg CO₂e. The largest portion of these emissions, a substantial amount, originates from Scope 3 categories, particularly downstream leased assets, which accounted for roughly 845 million kg CO₂e. Scope 1 and Scope 2 emissions were significantly lower, at approximately 22 million kg CO₂e and 99 million kg CO₂e, respectively. This breakdown highlights the critical role of Scope 3 emissions in Simon's overall carbon footprint within the real estate services sector.
Data year: 2023
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