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 36 is higher than 57% 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 110,600,000 kg CO2e. This figure includes Scope 1 emissions of about 6,400,000 kg CO2e, Scope 2 emissions of approximately 58,100,000 kg CO2e, and Scope 3 emissions totalling around 46,100,000 kg CO2e. Taubman has set ambitious reduction targets, committing to a 30% reduction in greenhouse gas emissions by 2030 from a 2018 baseline for both Scope 1 and Scope 2 emissions. This commitment aligns with their endorsement of the Science Based Targets initiative (SBTi), which aims for a long-term reduction of 68% in Scope 1 and Scope 2 emissions by 2035. It is important to note that Taubman Centers, Inc. is a current subsidiary of Simon Property Group, Inc., and their emissions data and climate commitments are cascaded from this parent organisation. The targets and initiatives reflect a broader corporate strategy focused on sustainability and reducing environmental impact across their operations.
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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 |
How Carbon Intensive is Taubman Centers, Inc.'s Industry?
How Carbon Intensive is Taubman Centers, Inc.'s Location?
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 not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
