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 86% 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 319,154,000 kg CO2e, comprising 5,916,000 kg CO2e from Scope 1, 114,479,000 kg CO2e from Scope 2, and 313,075,000 kg CO2e from Scope 3 emissions. This represents a significant increase in emissions compared to 2022, where total emissions were about 267,376,000 kg CO2e, with Scope 1 at 4,299,000 kg CO2e, Scope 2 at 126,000,000 kg CO2e, and Scope 3 at 231,477,000 kg CO2e. Vicinity Centres has committed to achieving net-zero emissions across all scopes by 2050, as part of their long-term climate strategy. This commitment aligns with the Science Based Targets initiative (SBTi), which they joined in June 2022. The company is actively working towards these targets, although specific near-term reduction targets have not been disclosed. The emissions intensity for Vicinity Centres has varied over the years, with a reported intensity of about 50,000 kg CO2e per square metre in 2023. This data highlights the company's ongoing efforts to monitor and manage its carbon footprint within the real estate sector in Australia.
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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.
