Vicinity Centres Sustainability Profile
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 32 is higher than 53% 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 2025, Vicinity Centres reported significant carbon emissions totalling approximately 1116000 kg CO2e for Scope 1, 36816000 kg CO2e for Scope 2, and 204469000 kg CO2e for Scope 3, resulting in a combined total of about 241000000 kg CO2e. The total emissions for Scope 1 and 2 combined were around 37932000 kg CO2e. The company 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 Vicinity Centres' dedication to reducing its carbon footprint in the real estate sector. In previous years, emissions were also substantial, with 1547000 kg CO2e (Scope 1), 37670000 kg CO2e (Scope 2), and 217014000 kg CO2e (Scope 3) reported in 2024. The 2023 data indicated even higher emissions, with Scope 1 at 5916000 kg CO2e, Scope 2 at 114479000 kg CO2e, and Scope 3 at 120395000 kg CO2e. Vicinity Centres has made strides in emissions intensity reduction, achieving a 39% decrease in emissions intensity for its Net Zero portfolio compared to FY16. The company continues to focus on sustainability initiatives to further reduce its environmental impact.
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| 2016 | 2020 | 2021 | 2022 | 2023 | 2025 | |
|---|---|---|---|---|---|---|
| Scope 1 | 7,739,000 | 0,000,000 | 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 | 00,000,000 |
| Scope 3 | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
How Carbon Intensive is Vicinity Centres's Industry?
How Carbon Intensive is Vicinity Centres's Location?
Vicinity Centres's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Vicinity Centres has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about Vicinity Centres's sustainability data and climate commitments