Citycon Oyj

Common Name
Citycon
Country
Finland
Sector
Real Estate
Industry
Real Estate - Diversified
Employees
252
Ticker
CTY1S
Exchange
NASDAQ HELSINKI LTD
Description
Citycon Oyj is a Finland-based real estate investment company primarily engaged in the ownership, management, and development of urban hubs and necessity-based shopping centers across the Nordic and B...

Citycon's GHG Emissions Data Preview

In 2023, Citycon completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

Citycon has also provided a category-level breakdown for 7 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2023202220212020 - 2017
Total Scope 1
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0000000
Total Scope 2
Market-Based
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0000000
Location-Based
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0000000
Total Scope 3
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0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Citycon’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Citycon’s data sources below and access millions more through our Disclosure Search.

a. Citycon's Sustainability Report 2023
a. Citycon's Sustainability Report 2023
b. Citycon's Sustainability Report 2022
b. Citycon's Sustainability Report 2022

Insights into Citycon's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Citycon amounted to 28,243 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a

Compared to 2022, the total operational greenhouse gas (GHG) emissions of Citycon decreased by 2.99%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a

Citycon's Scope 1 Emissions Over Time

20182019202020212022202303507001.05 k1.4 ktCO2e+21%-13%+111%-13%-2%
  • Total Scope 1
  • Year-over-Year Change

What are Citycon's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Citycon were 1,050 metric tons of CO₂ equivalent (tCO₂e). a

Has Citycon reduced its Scope 1 emissions over time?

Since 2018, Citycon's Scope 1 emissions have increased by 87.17%, reflecting a rising long-term trend in Scope 1 emissions over time. a b

Compared to the previous year (2022), Citycon's Scope 1 emissions decreased by 2.33%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a

What are Citycon's Scope 2 emissions?

In 2023, Citycon reported Scope 2 greenhouse gas (GHG) emissions of 4,375 tCO₂e using the market-based method and 27,193 tCO₂e using the location-based method. a

Has Citycon reduced its Scope 2 emissions over time?

Since 2018, Citycon's Scope 2 greenhouse gas (GHG) emissions ( Location-Based) have decreased by 47.79%, reflecting a declining long-term trend in Scope 2 emissions over time. a b

Compared to the previous year (2022), Citycon's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Citycon 's emissions have plateaued with no significant change in its energy consumption footprint. a

What methodology does Citycon use for Scope 2 reporting?

In 2023, Citycon reported its Scope 2 emissions using the market-based method and using the location-based method. a

Citycon's Scope 2 Emissions Over Time

201820192020202120222023015 k30 k45 k60 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Citycon's Value Chain Emissions

In 2023, Citycon reported 172,699 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a

The 2023 disclosure of Citycon includes a breakdown across 7 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year. a

Citycon's Scope 3 Emissions Over Time

201820192020202120222023060 k120 k180 k240 ktCO2e-7%+14051%-24%+23%-18%
  • Total Scope 3
  • Year-over-Year Change

What are Citycon's Scope 3 emissions?

In 2023, Citycon reported total Scope 3 emissions of 172,699 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 97.67% of these emissions originated from upstream activities such as purchased goods and capital goods, while 2.33% came from downstream activities like product use, distribution, and end-of-life treatment. a

Has Citycon reduced its Scope 3 emissions over time?

Since 2018, Citycon's Scope 3 emissions have increased by 10,137.05%, reflecting a rising long-term trend in Scope 3 emissions over time. a b

Compared to the previous year (2022), Citycon's Scope 3 emissions decreased by 17.55%, highlighting the company's efforts to lower indirect emissions from its value chain. a

What categories of Scope 3 emissions does Citycon disclose?

In 2023, Citycon reported emissions for 7 out of the 15 Scope 3 categories defined by the GHG Protocol. a

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of Citycon's Scope 3 emissions?

In 2023, the largest contributors to Citycon's Scope 3 emissions were: a

  • Purchased Goods and Services (Cat. 1): 37,055 tCO₂e (63.76%)
  • Fuel- and Energy-Related Services (Cat. 3): 11,515 tCO₂e (19.81%)
  • Capital Goods (Cat. 2): 7,366 tCO₂e (12.67%)

Citycon's Scope 3 Emissions by Categories

Purchased Goods andServices (Cat. 1)(63.8%)Fuel- andEnergy-RelatedServices (Cat. 3)(19.8%)Capital Goods(Cat. 2)(12.7%)

Insights into Citycon’s GHG Emissions Intensity Compared to Industry Peers

In 2023, Citycon reported Scope 1 greenhouse gas (GHG) emissions of 1,050 tCO₂e and total revenues of USD 321 millions. This translates into an emissions intensity of 3.27 tCO₂e per millions USD. a

Citycon's Scope 1 Emissions Intensity Compared to Peers

202005,00050,000500,000Scope 1 Emissions (tCO2e)101005005,00050,000Revenues (Millions of USD)CHNexityYear: 2024Scope 1: 6,736 tCO2eRevenue: $M 3,468Scope 1 Intensity: 1.94 tCO2e/$MHIAG Immobilien HoldingYear: 2024Scope 1: 1,772 tCO2eRevenue: $M 138Scope 1 Intensity: 12.88 tCO2e/$MFastPartnerYear: 2024Scope 1: 73 tCO2eRevenue: $M 208Scope 1 Intensity: 0.35 tCO2e/$MFastighets AB BalderYear: 2024Scope 1: 1,231 tCO2eRevenue: $M 1,168Scope 1 Intensity: 1.05 tCO2e/$MCorem Property GroupYear: 2024Scope 1: 171 tCO2eRevenue: $M 335Scope 1 Intensity: 0.51 tCO2e/$MStrauss GroupYear: 2023Scope 1: 95 tCO2eRevenue: $M 17Scope 1 Intensity: 5.49 tCO2e/$MHufvudstadenYear: 2024Scope 1: 291 tCO2eRevenue: $M 288Scope 1 Intensity: 1.01 tCO2e/$MMasYear: 2023Scope 1: 940 tCO2eRevenue: $M 90Scope 1 Intensity: 10.42 tCO2e/$MVesta Real EstateYear: 2023Scope 1: 137 tCO2eRevenue: $M 214Scope 1 Intensity: 0.64 tCO2e/$MTokyu Fudosan HoldingsYear: 2023Scope 1: 52,100 tCO2eRevenue: $M 7,551Scope 1 Intensity: 6.90 tCO2e/$MSwiss Prime SiteYear: 2024Scope 1: 8,220 tCO2eRevenue: $M 729Scope 1 Intensity: 11.28 tCO2e/$MFrasers PropertyYear: 2024Scope 1: 16,000 tCO2eRevenue: $M 3,280Scope 1 Intensity: 4.88 tCO2e/$MMitsui FudosanYear: 2024Scope 1: 209,000 tCO2eRevenue: $M 15,737Scope 1 Intensity: 13.28 tCO2e/$MNew World DevelopmentYear: 2024Scope 1: 9,701 tCO2eRevenue: $M 4,583Scope 1 Intensity: 2.12 tCO2e/$MCCCPI EuropeYear: 2023Scope 1: 18,189 tCO2eRevenue: $M 882Scope 1 Intensity: 20.62 tCO2e/$MOpen House GroupYear: 2022Scope 1: 1,118 tCO2eRevenue: $M 6,596Scope 1 Intensity: 0.17 tCO2e/$MKindom DevelopmentYear: 2023Scope 1: 38 tCO2eRevenue: $M 634Scope 1 Intensity: 0.06 tCO2e/$MParque AraucoYear: 2023Scope 1: 652 tCO2eRevenue: $M 300Scope 1 Intensity: 2.17 tCO2e/$MLendLease GroupYear: 2023Scope 1: 26,062 tCO2eRevenue: $M 6,817Scope 1 Intensity: 3.82 tCO2e/$MNepi RockcastleYear: 2024Scope 1: 7,434 tCO2eRevenue: $M 888Scope 1 Intensity: 8.37 tCO2e/$MMitsubishi EstateYear: 2024Scope 1: 99,135 tCO2eRevenue: $M 9,936Scope 1 Intensity: 9.98 tCO2e/$MPakuwon JatiYear: 2023Scope 1: 20,598 tCO2eRevenue: $M 402Scope 1 Intensity: 51.24 tCO2e/$MHHHainan Airport InfrastructureYear: 2023Scope 1: 7,084 tCO2eRevenue: $M 951Scope 1 Intensity: 7.45 tCO2e/$MCityconYear: 2023Scope 1: 1,050 tCO2eRevenue: $M 321Scope 1 Intensity: 3.27 tCO2e/$M

How does Citycon's GHG emissions intensity compare to its peers?

In 2023, Citycon reported a Scope 1 emissions intensity of 3.27 tCO₂e per millions USD. Compared to the peer group median of 4.88 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a

Where does Citycon rank on GHG emissions intensity within its industry?

In 2023, Citycon ranked 11 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

Citycon is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a

Insights into Citycon's Total Carbon Footprint

In 2023, Citycon reported a total carbon footprint of 200,942 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 15.78% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output. a

The largest contributor to Citycon's total carbon footprint was Scope 3 emissions, accounting for 85.94% of the company's total carbon footprint, followed by Scope 2 emissions at 13.53%. a

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