Simon Property Group Inc.

"Simon Property Group Inc., a company based in the USA, has set a net zero target of reducing its emissions by 68.0% relative to 2019 emissions by 2035. Net Zero Tracker
This target covers scope 1, 2, and partially covers scope 3 emissions, specifically for their downstream leased assets with a lower target of 20.9% reduction. Net Zero Tracker
An interesting fact about their environmental policy is that they have a roadmap to be finalized in 2021, detailing actions to be taken in the next 5, 10, and 15 years towards achieving their emissions reduction target. Net Zero Tracker
In …"

Current Score (vs. LY)

48.8 pts (-7.5)

Last Update: Dec. 12, 2023

Current Rankings

Global: #76

S&P100: #51

Real Estate: #1

80.0%

Transparency

Quality of climate reporting based on public disclosures, completeness and verification of GHG emissions

30.8%

Commitments

Level of ambition through gross absolute emissions reduction and 'net zero' targets

41.7%

Results

Results and actions to deliver on commitments for real

Greenhouse Gas Emissions

Last 3 Years Emissions Data Summary

Y2021Y2020Y2019
Scope 1 17,16214,73516,725
Scope 2 - location-based 179,576159,818234,584
Scope 2 - market-based 102,06897,077234,584
Scope 1-2 - location-based 196,738174,553251,309
Scope 1-2 - market-based 119,230 111,812 251,309
Scope 3 852,639832,120986,748
Total - location-based 1,049,3771,006,6731,238,057
Total - market-based 971,869 943,932 1,238,057

Note: Data sources detailed here

Y2022 Y2021
Total CO2e estimate (by Net0Tracker) 1,085,5221,043,607
Methodology Recent intensity (revenue)Scope 3 based on previous year

Carbon emissions are estimated according to comparable years, intensity and sector benchmarks

Performance vs. Target

Note: Targets without baseline are ignored. In case several targets exist, only the shorter-term target is displayed.


Value Chain (scope 3) Emissions by Category

Emissions Trajectory (Full Scopes)



Please refer to the library for viewing the supporting documentation

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Sector Benchmark

Note: Latest GHG and revenue data (based on tradingview.com) are used to calculate GHG emissions intensity by sector. The color scale of each bubble depends on the GHG intensity (GHG emissions per 1 million USD revenue). Sectors follow the Global Industry Classification Standard (GICS) that organize companies based on their primary business activities. The 11 sectors are : Information Technology, Health Care, Financials, Consumer Discretionary, Communication Services, Industrials, Consumer Staples, Energy, Utilities, Real Estate, and Materials.

Simon Property Group Inc. belongs to the sector Real Estate.

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Reduction and Net Zero Targets

>Note: intensity targets are not represented in the current version - see Methodology

Gross Absolute Emission Reductions

Scope Reduction Objectives Base Year Target Year Comments
S3 21.0 2018 2035 Note that all the scope 3 emissions categories are not fully covered
S1S2MKT 68.0 2019 2035

Net Absolute Emission Reductions

There is no absolute emission reduction recorded in our database. Email us to report missing information Email


Net Zero Future Commitments

There is no net zero target recorded in our database. Email us to report missing information Email


Science-based Targets (SBTI)

Date Published / Updated :01/10/2020

Near-term Long-Term Net Zero Standard
Targets Set : 1.5°C by 2035 No target No

Simon Property Group commits to reduce absolute scope 1 and 2 GHG emissions 68% by 2035 from a 2019 base year. Simon Property Group also commits to reduce absolute scope 3 GHG emission from downstream leased assets 21% by 2035 from a 2018 base year.

Data source: SBTI

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Offsets

Last update for Simon Property by zerotracker.net: Oct. 24, 2021
Planning to use external offset credits Not Specified
Separate targets for emission reductions and removals No
Conditions on use of offset credits None
Plans for carbon dioxide removal (CDR) Not Specified

Data source from zerotracker.net - For more information, see methodology

Score Summary

Ref Principle Score
(points) 		Max
(points) 		Delta
(points)
1 At least 2 years of GHG emissions for scope 1 and 2 are publicly-available and externally-verified 10.0 10.0 0.0
2 Scope 3 emissions are fully reported and externally-verified 5.0 10.0 -2.5
3 CDP score demonstrates the level of transparent disclosures 9.0 10.0 0.0
Transparency 24.0 30.0 -2.5
4 Net Zero Commitments by 2050 include an intermediate target and cover all the emissions 0.0 10.0 0.0
5 Net Zero targets demonstrate a high-level of emergency 0.0 10.0 0.0
6 Emission reduction targets on a forward-looking basis are ambitious 2.3251051389271646 10.0 0.0
7 Targets are science-based as validated by SBTi 10.0 10.0 0.0
Commitments 12.325105138927164 40.0 0.0
8 Results re. operational emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 5.0 10.0 -5.0
9 Results re. value chain emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 0.0 10.0 0.0
10 Implied Temperature Rating by MSCi 7.5 10.0 0.0
Results 12.5 30.0 -5.0
Total 48.8 100.0 -7.5


Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email


Score Details

Criteria Results 2023 Score 2022 Score Vs. 2022 2021 Score
Criteria 1 : Transparency on operational emissions (Scope 1 + 2)
Are S1+S2 figures publicly-disclosed for the last reporting year and the preceding period? yes 5.0 / 5.0 5.0 0.0 5.0
Are S1+S2 figures verified by a 3rd-party for the last reporting year? yes 5.0/ 5.0 5.0 0.0 5.0
Criteria 2 : Transparency on value chain emissions (Scope 3)
Are the 15 categories fully or partly disclosed? partly 2.5 / 5.0 5.0 -2.5 5.0
Are S3 figures fully or partly verified by a 3rd-party for the last reporting year? partly 2.5 / 5.0 2.5 0.0 2.5
Criteria 3 : Quality and Frequency of reporting
What is the latest CDP score (no later than the preceding year)? A- 9.0 / 10.0 9.0 0.0 10.0
How many interim reporting were provided between 2 reporting periods (GHG emissions only)?
Criteria 4 : Net Zero Commitments
Does the net 0 target include a statement of a generally-accepted net zero emission target by 2050? NC 0.0 / 3.0 0.0 0.0 0.0
Does the net zero target include an intermediate target by 2030? 2035 0.0 / 3.0 0.0 0.0 0.0
Does the net zero target include all the emissions? NC 0.0 / 4.0 0.0 0.0 0.0
Criteria 5 : Target year for Net Zero Commitments
Target year for achieving net zero emissions for S1+S2? NC 0.0 / 5.0 0.0 0.0 0.0
Target year for achieving net zero emissions for S1+S2+S3 combined? NC 0.0 / 5.0 0.0 0.0 0.0
Criteria 6 : Reduction objectives
What is the forward-looking GHG% reduction (without compensation) for scope 1+2? 2.3
2.3 / 5.0 2.3 0.0 3.7
What is the forward-looking GHG% reduction (without compensation) for scope 1+2+3?
No target found
 0.0 / 5.0 0.0 0.0 0.0
Criteria 7 : Science-Based Targets
What type of science-based target (as validated by SBTi) did the company commit to? Targets Set 1.5°C 10.0 / 10.0 10.0 0.0 10.0
Criteria 8 : Results based on scope 1 - 2
Performance to date: cumulative% reduction vs. target Objective (in %): 8.5
Actual (in %): 52.6
5.0 / 5.0 5.0 0.0 5.0
Momentum: last year % reduction vs. forward-looking target Objective (in %): 2.3
Actual (in %): -6.6
0.0 / 5.0 5.0 -5.0 5.0
Criteria 9 : Results based on scope 1 - 2 - 3
Performance to date: cumulative% reduction vs. target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 0.0 0.0 0.0
Momentum: last year % reduction vs. forward-looking target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 0.0 0.0 0.0
Criteria 10 : Implied Temperature Rise (ITR)
Is the company aligned with global climate targets? ITR: 1.6°C 7.5 / 10.0 7.5 0.0 7.5
Total 48.8 / 100.0 56.3 -7.5 58.7


Available Data Sources

Reporting Year 2021 2021 2020 2020 2020 2019 2019 2018 2018
Source Public Yourstake Public CDP Public Public CDP Public CDP
Publication Year 2022 unknown 2022 2021 2022 2022 2020 2022 2020
Scope 1 17,162 17,162 14,735 15,118 8,951 16,725 16,863 16,952 16,966
Scope 2 - location-based 179,576 179,576 159,818 175,920 175,920 234,584 249,715 259,201 259,394
Scope 2 - market-based 102,068 102,068 97,077 175,920 175,920 234,584 249,715 259,201 259,394
Scope 1-2 - location-based 196,738 196,738 174,553 191,038 184,871 251,309 266,578 276,153 276,360
Scope 1-2 - market-based 119,230 119,230 111,812 191,038 184,871 251,309 266,578 276,153 276,360
Scope 3 852,639 852,639 832,120 851,216 852,163 986,748 579,488 1,056,590 0
Total - location-based 1,049,377 1,049,377 1,006,673 1,042,254 1,037,034 1,238,057 846,066 1,332,743 276,360
Total - market-based 971,869 971,869 943,932 1,034,044 1,037,034 1,238,057 834,320 1,332,743 276,360

Sources

Please refer to the library for viewing the supporting documentation

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

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