Vicinity Centres

Sustainability Report and Carbon Intensity Rankings

Is Vicinity Centres doing their part?

Their DitchCarbon score is 79

Vicinity Centres has a DitchCarbon Score of 79 out of 100, indicating a strong commitment to sustainability. This score reflects a lower carbon intensity in their operations, suggesting effective measures to reduce greenhouse gas emissions. The company’s high score demonstrates progress towards environmental goals and a focus on reducing its carbon footprint.

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

Vicinity Centres is part of the real estate sector, which has a carbon intensity ranking of very low. 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

Vicinity Centres is located in Australia, a region with a very high carbon intensity rating. This suggests that the company’s sustainability efforts may be negatively impacted by the country’s overall high carbon emissions.
24.81%

...this company is doing 24.81% better in emissions than the industry average.

Vicinity Centres, based in Melbourne, Australia, was founded in 2013 and operates within the real estate sector. As a leading retail asset management company, they own or manage 85 shopping centres featuring over 8,600 retail stores. Vicinity Centres specializes in providing enriching community shopping experiences and manages approximately 2.8 million square metres of lease space across Australia.

Good news, Vicinity Centres has embraced SBTi commitments

Vicinity Centres has established Science Based Targets initiative (SBTi) commitments to significantly reduce their greenhouse gas emissions from their own operations, aligning with the global goal to limit warming to well below 2°C. This commitment involves a strategic reduction in scope 1 and 2 emissions, which encompass direct emissions from owned or controlled sources and indirect emissions from the generation of purchased energy.

There’s always room for improvement,

DitchCarbon recommends...

Vicinity Centres should undertake a thorough inventory of all Scope 1 emissions sources to identify and mitigate direct greenhouse gas emissions, potentially reducing their emissions by 15%.
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✓ Comprehensive database of calculators, life cycle analysis, carbon footprints of companies

✓ 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.