Citycon

Sustainability Report and Carbon Intensity Rankings

Is Citycon doing their part?

Their DitchCarbon score is 61

Citycon has a DitchCarbon Score of 61, indicating a moderate level of sustainability in its operations. This score reflects the company’s efforts to manage its carbon intensity, suggesting that while there is room for improvement, Citycon is making progress in reducing emissions. A higher score would denote even greater success in lowering carbon intensity and enhancing sustainability measures.

This was calculated based on 30+ company specific emissions data points, the higher the score, the better. Check out our methodology.

Industry emissions intensity

Very low

Low

Medium

High

Very high

Citycon operates within the real estate sector, which has a very low carbon intensity ranking compared to other industries. Some industries are more damaging than others, this ranking gives you an indication of how carbon intensive the industry is which this company operates in.

Location emissions intensity

Very low

Low

Medium

High

Very high

Citycon is located in Finland, which has a very low carbon intensity rating. This suggests that Citycon’s operations benefit from the country’s strong sustainability efforts and clean energy usage.
6.81%

...this company is doing 6.81% better in emissions than the industry average.

Founded in 1988 and headquartered in Espoo, Finland, Citycon is a prominent player in the real estate sector, specializing in the ownership, management, and development of urban, grocery-anchored shopping centers across the Nordic and Baltic regions. With a portfolio that includes 49 shopping centers and a presence in Finland, Norway, Sweden, Estonia, and Denmark, Citycon serves as a central hub for community shopping needs and everyday services. The company, listed on Nasdaq Helsinki, prides itself on sustainable management practices and attracts around 200 million visitors annually to its strategically located properties.

Good news, Citycon has set solid SBTi climate commitments

Citycon has established Science Based Targets initiative (SBTi) commitments aimed at significantly reducing their greenhouse gas emissions from company operations, which include both direct and indirect emissions. These targets align with the ambitious goal of limiting global temperature rise to 1.5°C above pre-industrial levels.

There’s always room for improvement,

DitchCarbon recommends...

Citycon should set clear, science-based targets for reducing Scope 3 emissions, maintain transparency in reporting their progress, and promote environmental sustainability throughout their supply chain to potentially reduce emissions by 35%.
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✓ Peer group, recommended actions, historical reports, data sources

✓ Complete Scope 1-2-3 data, emission factors, yearly breakdown

✓ Complete SBTi and CDP status with sources

✓ Company emission source URLs

✓ Supply level emission factors

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Our methodology

Read about our emission calculation methodologies, and what the DitchCarbon Score means.