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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.
29
DitchCarbon score
0 vs industry average
Simon’s score of 29 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 carbon emissions of approximately 1.08 billion kg CO2e in 2023. This includes Scope 1 emissions of 22.24 million kg CO2e, market-based Scope 2 emissions of 99.43 million kg CO2e, and Scope 3 emissions of 954.18 million kg CO2e. Key contributors to Scope 3 emissions were downstream leased assets at 845.48 million kg CO2e and waste generated in operations at 898.56 million kg CO2e.
Looking back, Simon's total emissions in 2022 were approximately 1.10 billion kg CO2e, with Scope 1 at 22.60 million kg CO2e, market-based Scope 2 at 107.48 million kg CO2e, and Scope 3 at 1.92 billion kg CO2e.
Simon has set Science Based Targets initiative (SBTi) approved commitments. The company aims to reduce its absolute Scope 1 and 2 GHG emissions by 68% by 2035, from a 2019 base year. Additionally, Simon commits to reducing absolute Scope 3 GHG emissions from downstream leased assets by 21% by 2035, from a 2018 base year. These targets are classified as 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. Simon Property Group also com…
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. Simon Property Group also com…
Behind target68%
2035
21% reduction in scope 3 total
Simon Property Group commits to reduce absolute scope 1 and 2 GHG emissions 68% by 2035 from a 2019 base year. Simon Property Group also com…
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
Simon9 months ago
29
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Frequently asked questions
Common questions about Simon’s sustainability data and climate commitments
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