Taubman Centers, Inc., a prominent player in the real estate services industry, is headquartered in the United States. Founded in 1950, the company has established itself as a leader in the development and management of high-quality retail and mixed-use properties, primarily in major metropolitan areas across the US.
With a focus on creating unique shopping experiences, Taubman Centres are known for their innovative design and strategic location, catering to a diverse range of consumers. The company has achieved significant milestones, including the successful launch of several iconic shopping centres that blend luxury retail with entertainment options.
Recognised for its commitment to excellence, Taubman holds a strong market position, consistently delivering value to its stakeholders while enhancing the communities it serves.
-4 vs industry average
Taubman Centers, Inc.’s score of 24 is lower than 41% 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
Real Estate Services has above-average carbon intensity
Industry performance
The Real Estate Services industry has reduced its overall emissions by 42% since 2019
Emissions trajectory 2020 – 2024
Reported emissions
Scope 3 accounts for ••• of total emissions.
Taubman Centers, Inc.'s reported carbon emissions
Taubman Centers, Inc., a real estate services company headquartered in the US, has reported significant greenhouse gas (GHG) emissions. In 2021, the company's total GHG emissions were approximately 110.6 million kg CO2e. This total comprises Scope 1 emissions of about 6.4 million kg CO2e, Scope 2 emissions of approximately 58.1 million kg CO2e, and Scope 3 emissions amounting to roughly 46.1 million kg CO2e. Taubman Centers has set ambitious climate commitments, aiming to reduce GHG emissions by 30 percent by 2030, using 2018 as a baseline. This target applies to both Scope 1 and Scope 2 emissions. For context, in 2018, the company's combined Scope 1 and 2 emissions were approximately 130.4 million kg CO2e. It is important to note that Taubman Centers, Inc.'s emissions data and reduction targets are cascaded from its ultimate parent company, Simon Property Group, Inc., reflecting its status as a current subsidiary.
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Taubman Centers, Inc.’s Climate Goals (2030 & 2050)
2 goals2030
30% reduction in Scope 2
To reach this target, Taubman has committed to reducing GHG by 30 percent by 2030, from a 2018 baseline.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
Inherited from Simon Property Group, Inc.
Carbon Disclosure Project
Inherited from Simon Property Group, Inc.
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Taubman Centers, Inc.
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