In 2024, Macerich 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).
However, Macerich has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 30,779a | 28,470b | 24,944b | |
Total Scope 2 | ||||
Market-Based | 27,065a | 15,791b | 18,922b | |
Location-Based | 54,606a | 44,189b | 52,580c | |
Total Scope 3 | 163,607a | 187,159b | 93,937c | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 33.5209a | 32.2034b | 29.0329b |
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In 2024, the total operational greenhouse gas (GHG) emissions of Macerich amounted to 85,385 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 2023, the total operational greenhouse gas (GHG) emissions of Macerich increased by 17.51%, suggesting that the company faced challenges in reducing its emissions from its core operations.ab
In 2024, the total Scope 1 emissions of Macerich were 30,779 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Macerich's Scope 1 emissions have increased by 69.76%, reflecting a rising long-term trend in Scope 1 emissions over time.ad
Compared to the previous year (2023), Macerich's Scope 1 emissions increased by 8.11%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.ab
In 2024, Macerich reported Scope 2 greenhouse gas (GHG) emissions of 27,065 tCO₂e using the market-based method and 54,606 tCO₂e using the location-based method.a
Since 2019, Macerich's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have increased by 33.58%, reflecting a rising long-term trend in Scope 2 emissions over time.ad
Compared to the previous year (2023), Macerich's Scope 2 emissions (Location-Based) rose by 23.57% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energyab
In 2024, Macerich reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Macerich reported 163,607 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 2024 disclosure of Macerich includes a breakdown across 0 of the 15 Scope 3 categories defined by the GHG Protocol, down from 8 in 2023, indicating a decline in reporting granularity and reduced insight into the company's full value chain emissions.a
In 2024, Macerich reported total Scope 3 emissions of 163,607 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Macerich's Scope 3 emissions have increased by 119.15%, reflecting a rising long-term trend in Scope 3 emissions over time.ad
Compared to the previous year (2023), Macerich's Scope 3 emissions decreased by 12.58%, highlighting the company's efforts to lower indirect emissions from its value chain.ab
In 2024, Macerich reported Scope 1 greenhouse gas (GHG) emissions of 30,779 tCO₂e and total revenues of USD 918 millions. This translates into an emissions intensity of 33.52 tCO₂e per millions USD.a
In 2024, Macerich reported a Scope 1 emissions intensity of 33.52 tCO₂e per millions USD. Compared to the peer group median of 2.74, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Macerich ranked 24 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Macerich among the least efficient performers, with one of the highest emissions intensities in its sector.a
In 2024, Macerich reported a total carbon footprint of 248,992 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 4.17% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.ab
The largest contributor to Macerich's total carbon footprint was Scope 3 emissions, accounting for 65.71% of the company's total carbon footprint, followed by Scope 2 emissions at 21.93%.a