Taubman Centers, Inc.
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 40 is higher than 63% 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 2022, Taubman Centers, Inc. reported total carbon emissions of approximately 16,375,000 kg CO2e. This figure includes Scope 1 emissions of about 219,000 kg CO2e, Scope 2 emissions of approximately 3,331,000 kg CO2e, and significant Scope 3 emissions amounting to around 12,825,000 kg CO2e. This represents a notable decrease from 2021, when total emissions were about 110,600,000 kg CO2e, with Scope 1 at 6,400,000 kg CO2e, Scope 2 at 58,100,000 kg CO2e, and Scope 3 at 46,100,000 kg CO2e. Taubman Centers has committed to reducing greenhouse gas emissions by 30% by 2030 from a 2018 baseline, applicable to both Scope 1 and Scope 2 emissions. This commitment is part of their broader sustainability strategy, which aligns with the Science Based Targets initiative (SBTi) endorsed by their parent company, Simon Property Group, Inc. The company is also focused on achieving net-zero emissions by 2050, further demonstrating its commitment to sustainability and climate action. The emissions data and reduction targets are cascaded from Simon Property Group, Inc., reflecting a corporate family relationship that influences Taubman's environmental strategies.
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| 2021 | 2022 | |
|---|---|---|
| Scope 1 | 6,400,000 | 000,000 |
| Scope 2 | 58,100,000 | 0,000,000 |
| Scope 3 | 46,100,000 | 00,000,000 |
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.
Taubman Centers, Inc. is not participating in any 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.
