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 54% 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 591,600 kg CO2e for Scope 1, 114,479,000 kg CO2e for Scope 2, and 313,075,000 kg CO2e for Scope 3, resulting in a combined total of about 428,145,600 kg CO2e. This reflects a notable increase in emissions compared to 2022, where Scope 1 emissions were approximately 4,299,000 kg CO2e, Scope 2 emissions were about 126,000,000 kg CO2e, and Scope 3 emissions were around 231,477,000 kg CO2e, leading to a total of approximately 361,776,000 kg CO2e. Vicinity Centres has committed to achieving net-zero emissions across all scopes by 2050, with this long-term target established in 2023. The company is a member of the Science Based Targets initiative (SBTi), which underscores its commitment to aligning its emissions reduction strategies with climate science. The organisation's emissions data is self-reported and does not cascade from any parent company, ensuring that the figures reflect its direct operational impact. Vicinity Centres continues to focus on sustainability within the real estate sector, aiming to enhance its environmental performance and reduce its carbon footprint over the coming decades.
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| 2016 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 7,739,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 221,596,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | 000,000,000 | 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.
