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 contributing about 845,478,000 kg CO2e and waste generated in operations at approximately 898,557,000 kg CO2e. In terms of climate commitments, Simon has set ambitious reduction targets endorsed by the Science Based Targets initiative (SBTi). The company aims to achieve a 68% reduction in absolute Scope 1 and 2 GHG emissions by 2035, using 2019 as the base year. Additionally, Simon is committed to reducing absolute Scope 3 emissions from downstream leased assets by 21% by 2035, with a 2018 base year. These targets reflect Simon's long-term strategy to minimise its environmental impact while creating value for shareholders. The company is currently on track to meet its two-year and five-year goals for Scope 2 emissions reductions, demonstrating a proactive approach to sustainability within the real estate sector.
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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.
