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.
-3 vs industry average
Vicinity Centres’s score of 25 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
Real Estate Services has above-average carbon intensity
Industry performance
The Real Estate Services industry has reduced its overall emissions by 42% since 2019
Emissions trajectory 2020 – 2028
Reported emissions
Scope 3 accounts for ••• of total emissions.
Vicinity Centres's reported carbon emissions
In 2025, Vicinity Centres reported total carbon emissions of approximately 204,469,000 kg CO2e, comprising 1,116,000 kg CO2e from Scope 1, 36,816,000 kg CO2e from Scope 2, and 204,469,000 kg CO2e from Scope 3 emissions. This reflects a significant increase in emissions compared to 2023, where total emissions were approximately 120,395,000 kg CO2e, with Scope 1 at 5,916,000 kg CO2e, Scope 2 at 114,479,000 kg CO2e, and Scope 3 at 120,395,000 kg CO2e.
Vicinity Centres has committed to achieving net-zero emissions across all scopes by 2050, as part of its long-term climate strategy. This commitment is aligned with the Science Based Targets initiative (SBTi), which underscores the company's dedication to reducing its carbon footprint in the real estate sector. The company has also reported a 39% reduction in emissions intensity for its Net Zero portfolio compared to the fiscal year 2016.
The emissions data is not cascaded from any parent organization, indicating that Vicinity Centres independently reports its carbon emissions and climate commitments.
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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.
Emissions comparison with industry peers
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Vicinity Centres
Frequently asked questions
Common questions about Vicinity Centres’s sustainability data and climate commitments
Data year: 2025
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