Macerich Co
Macerich's GHG Emissions Data Preview
In 2023, 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).
Macerich has also provided a category-level breakdown for 8 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2023 | 2022 | 2021 | 2020 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Unspecified Calculation Method | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
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Verified Sources Behind Macerich’s Greenhouse Gas (GHG) Emissions Data
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Insights into Macerich's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of Macerich amounted to 72,659 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 Macerich decreased by 6.28%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a b
Macerich's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Macerich's Scope 1 emissions?
In 2023, the total Scope 1 emissions of Macerich were 28,470 metric tons of CO₂ equivalent (tCO₂e). a
Has Macerich reduced its Scope 1 emissions over time?
Since 2018, Macerich's Scope 1 emissions have increased by 57.27%, reflecting a rising long-term trend in Scope 1 emissions over time. a c
Compared to the previous year (2022), Macerich's Scope 1 emissions increased by 14.14%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a
What are Macerich's Scope 2 emissions?
In 2023, Macerich reported Scope 2 greenhouse gas (GHG) emissions of 15,791 tCO₂e using the market-based method and 44,189 tCO₂e using the location-based method. a
Has Macerich reduced its Scope 2 emissions over time?
Compared to the previous year (2022), Macerich's Scope 2 emissions (Location-Based) fell by 15.96% in 2023, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption. a b
What methodology does Macerich use for Scope 2 reporting?
In 2023, Macerich reported its Scope 2 emissions using the market-based method and using the location-based method. a
Macerich's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
- Total Scope 2 (Unspecified Calculation Method)
Insights into Macerich's Value Chain Emissions
In 2023, Macerich reported 187,159 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 Macerich includes a breakdown across 8 of the 15 Scope 3 categories defined by the GHG Protocol, up from 0 in 2022, reflecting improved emissions accounting practices and greater transparency across the company's value chain a
Macerich's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Macerich's Scope 3 emissions?
In 2023, Macerich reported total Scope 3 emissions of 187,159 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 29.11% of these emissions originated from upstream activities such as purchased goods and capital goods, while 70.89% came from downstream activities like product use, distribution, and end-of-life treatment. a
Has Macerich reduced its Scope 3 emissions over time?
Since 2018, Macerich's Scope 3 emissions have increased by 27.71%, reflecting a rising long-term trend in Scope 3 emissions over time. a c
Compared to the previous year (2022), Macerich's Scope 3 emissions increased by 99.24%, suggesting that the company faced challenges in reducing emissions across its value chain. a b
What categories of Scope 3 emissions does Macerich disclose?
In 2023, Macerich reported emissions for 8 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 Macerich's Scope 3 emissions?
In 2023, the largest contributors to Macerich's Scope 3 emissions were: a
- Downstream Leased Assets (Cat. 13): 133,683 tCO₂e (70.89%)
- Fuel- and Energy-Related Services (Cat. 3): 21,198 tCO₂e (11.24%)
- Capital Goods (Cat. 2): 16,921 tCO₂e (8.97%)
Macerich's Scope 3 Emissions by Categories
Insights into Macerich's Total Carbon Footprint
In 2023, Macerich reported a total carbon footprint of 259,818 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 51.53% increase compared to 2022, suggesting a rise in emissions across its operations or value chain. a b
The largest contributor to Macerich's total carbon footprint was Scope 3 emissions, accounting for 72.03% of the company's total carbon footprint, followed by Scope 2 emissions at 17.01%. a