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Vicinity Centres, often referred to simply as Vicinity, is a prominent Australian real estate services provider, headquartered in Australia. Formed in June 2015 following a significant merger, the company quickly established itself as a leading force within the retail property sector.
The group specialises in the ownership, management, and development of high-quality retail destinations across Australia. With a portfolio comprising 59 shopping centres, Vicinity focuses on creating vibrant community hubs and delivering exceptional retail experiences. Its strategic approach aims to enhance asset value for investors while fostering strong connections within communities and supporting its retailers.
23
DitchCarbon score
-6 vs industry average
Vicinity Centres’s score of 23 is lower than 40% 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
High
Real Estate Services has above-average carbon intensity
Industry performance
0.221
20182025
The Real Estate Services industry has reduced its overall emissions by 17% since 2018
Emissions trajectory 2020 – 2028
202020212022202320242025202620272028
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Vicinity Centres's reported carbon emissions
Vicinity Centres, an Australian real estate services company, reported total carbon emissions of approximately 242,000,000 kg CO2e in 2025. This included around 1,116,000 kg CO2e from Scope 1 emissions, 36,816,000 kg CO2e from Scope 2 emissions, and 204,469,000 kg CO2e from Scope 3 emissions.
Looking back, in 2023, their emissions totalled approximately 240,880,000 kg CO2e, comprising around 5,916,000 kg CO2e (Scope 1), 114,479,000 kg CO2e (Scope 2), and 120,395,000 kg CO2e (Scope 3). In 2022, Vicinity Centres' total emissions were about 260,681,000 kg CO2e, with approximately 4,299,000 kg CO2e from Scope 1, 126,041,000 kg CO2e from Scope 2, and 130,341,000 kg CO2e from Scope 3.
Vicinity Centres has made climate commitments, including a commitment to net-zero emissions, as recorded by the Science Based Targets initiative (SBTi). The company committed to net-zero in 2022. While their near-term target status has been removed or shows an expired commitment in some SBTi records, they were a "BA1.5 member" as of June 2022.
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Vicinity Centres’s Climate Goals (2030 & 2050)
No climate goals have been disclosed for Vicinity Centres yet.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
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Not active
Carbon Disclosure Project
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Not active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Not active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Vicinity Centres11 months ago
23
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Frequently asked questions
Common questions about Vicinity Centres’s sustainability data and climate commitments
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