Taubman Centers, Inc. Sustainability Profile
Taubman Centers, Inc., a prominent player in the retail real estate 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 shopping centres across major operational regions, including the United States and Asia. Specialising in the ownership and operation of regional malls, Taubman is renowned for its unique blend of luxury retail, dining, and entertainment experiences. The company’s commitment to creating vibrant shopping environments has earned it a distinguished market position, with notable achievements in enhancing customer engagement and tenant satisfaction. With a focus on innovation and sustainability, Taubman continues to shape the future of retail spaces, making it a key player in the evolving landscape of commercial real estate.
DitchCarbon Score
How does Taubman Centers, Inc.'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
Taubman Centers, Inc.'s score of 33 is higher than 54% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Taubman Centers, Inc.'s reported carbon emissions
In 2021, Taubman Centers, Inc. reported total carbon emissions of approximately 110.6 million kg CO2e. This figure includes Scope 1 emissions of about 6.4 million kg CO2e, Scope 2 emissions of approximately 58.1 million kg CO2e, and Scope 3 emissions of around 46.1 million kg CO2e. The company has set ambitious long-term reduction targets, aiming for a 68% decrease in greenhouse gas emissions across both Scope 1 and Scope 2 by 2035, based on a 2019 baseline. Additionally, Taubman is committed to a near-term reduction of 30% in both Scope 1 and Scope 2 emissions by 2030, using 2018 as the baseline year. Taubman Centers, Inc. is a current subsidiary of Simon Property Group, Inc., which influences its sustainability initiatives and emissions reporting. The company has endorsed the Science Based Targets initiative (SBTi) to guide its climate commitments, reflecting a strong dedication to minimising its environmental impact and creating long-term value for stakeholders.
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| 2018 | 2019 | 2021 | |
|---|---|---|---|
| Scope 1 | - | 00,000,000 | 0,000,000 |
| Scope 2 | - | 000,000,000 | 00,000,000 |
| Scope 3 | - | - | 00,000,000 |
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Taubman Centers, Inc.'s Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Taubman Centers, Inc. has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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