Vicinity Centres
Vicinity Centres, headquartered in Australia, is a leading retail property group that has been shaping the shopping landscape since its establishment in 2014. With a strong presence across major operational regions, including New South Wales, Victoria, and Queensland, Vicinity Centres focuses on the development, management, and investment of shopping centres and retail assets. The company is renowned for its diverse portfolio, which includes iconic shopping destinations and community-focused centres. Vicinity Centres distinguishes itself through innovative design and a commitment to sustainability, enhancing the shopping experience for millions of visitors each year. As a prominent player in the retail property industry, Vicinity Centres has achieved significant milestones, solidifying its market position and reputation for excellence in customer engagement and asset management.
DitchCarbon Score
How does Vicinity Centres'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
Vicinity Centres's score of 29 is higher than 83% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Vicinity Centres's reported carbon emissions
In 2023, Vicinity Centres reported total carbon emissions of approximately 120,395,000 kg CO2e, comprising 5,916,000 kg CO2e from Scope 1, 114,479,000 kg CO2e from Scope 2, and 313,075,000 kg CO2e from Scope 3 emissions. This reflects a commitment to transparency in their emissions reporting across all scopes. Over the years, Vicinity Centres has demonstrated a gradual reduction in emissions intensity, with figures decreasing from 79,000 kg CO2e per square metre in 2016 to 50,000 kg CO2e per square metre in 2023. Their total emissions have also seen a downward trend, with a total of 396,041,000 kg CO2e in 2020, reducing to 365,964,000 kg CO2e in 2022. Vicinity Centres has committed to achieving net-zero emissions by 2050, aligning with the Science Based Targets initiative (SBTi). This long-term target encompasses all scopes of emissions, reflecting their dedication to sustainable practices within the real estate sector. The company is actively working towards these goals, having established a baseline for future reductions starting from 2023. Overall, Vicinity Centres is making significant strides in reducing its carbon footprint while committing to long-term sustainability goals.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 4,752,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 133,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 251,271,000 | 000,000,000 | 000,000,000 | 000,000,000 |
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.
Vicinity Centres 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.
