Simon Property Group Inc
Simon Property Group's GHG Emissions Data Preview
In 2024, Simon Property Group 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).
Simon Property Group has also provided a category-level breakdown for 6 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | 0000000 | Copy/Paste is a PRO feature.  a | Copy/Paste is a PRO feature.  b | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy/Paste is a PRO feature.  a | 0000000 | Copy/Paste is a PRO feature.  b | 0000000 |
Location-Based | Copy/Paste is a PRO feature.  a | 0000000 | Copy/Paste is a PRO feature.  b | 0000000 |
Unspecified Calculation Method | Copy/Paste is a PRO feature.  | 0000000 | Copy/Paste is a PRO feature. | 0000000 |
Total Scope 3 | Copy/Paste is a PRO feature.  a | Copy/Paste is a PRO feature.  a | 0000000 | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0000000 | Copy/Paste is a PRO feature.  a | Copy/Paste is a PRO feature.  b | 0000000 |
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bVerified Sources Behind Simon Property Group’s Greenhouse Gas (GHG) Emissions Data
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Insights into Simon Property Group's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions of Simon Property Group amounted to 166,351 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 Simon Property Group decreased by 4.74%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
Simon Property Group's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Simon Property Group's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Simon Property Group were 15,876 metric tons of CO₂ equivalent (tCO₂e).a
Has Simon Property Group reduced its Scope 1 emissions over time?
Since 2019, Simon Property Group's Scope 1 emissions have increased by 125.22%, reflecting a rising long-term trend in Scope 1 emissions over time.ac
Compared to the previous year (2023), Simon Property Group's Scope 1 emissions decreased by 27.51%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
What are Simon Property Group's Scope 2 emissions?
In 2024, Simon Property Group reported Scope 2 greenhouse gas (GHG) emissions of 43,627 tCO₂e using the market-based method and 150,475 tCO₂e using the location-based method.a
Has Simon Property Group reduced its Scope 2 emissions over time?
Compared to the previous year (2023), Simon Property Group's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Simon Property Group's emissions have plateaued with no significant change in its energy consumption footprint.a
What methodology does Simon Property Group use for Scope 2 reporting?
In 2024, Simon Property Group reported its Scope 2 emissions using the market-based method and using the location-based method.a
Simon Property Group's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
- Total Scope 2 (Unspecified Calculation Method)
Insights into Simon Property Group's Value Chain Emissions
In 2024, Simon Property Group reported 939,035 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 Simon Property Group includes a breakdown across 6 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
Simon Property Group's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Simon Property Group's Scope 3 emissions?
In 2024, Simon Property Group reported total Scope 3 emissions of 939,035 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 11.48% of these emissions originated from upstream activities such as purchased goods and capital goods, while 88.52% came from downstream activities like product use, distribution, and end-of-life treatment.a
Has Simon Property Group reduced its Scope 3 emissions over time?
Since 2019, Simon Property Group's Scope 3 emissionshave remained relatively stable, indicating that Simon Property Group's emissions have plateaued with no significant change in its value chain footprint.ac
Compared to the previous year (2023), Simon Property Group's Scope 3 emissions remained relatively stable, indicating that Simon Property Group's emissions have plateaued with no significant change in its value chain footprint.a
What categories of Scope 3 emissions does Simon Property Group disclose?
In 2024, Simon Property Group reported emissions for 6 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 Simon Property Group's Scope 3 emissions?
In 2024, the largest contributors to Simon Property Group's Scope 3 emissions were:a
- Downstream Leased Assets (Cat. 13): 777,965 tCO₂e (88.52%)
- Waste Generated in Operations (Cat. 5): 84,143 tCO₂e (9.57%)
- Fuel- and Energy-Related Services (Cat. 3): 7,627 tCO₂e (0.87%)
Simon Property Group's Scope 3 Emissions by Categories
Insights into Simon Property Group’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Simon Property Group reported Scope 1 greenhouse gas (GHG) emissions of 15,876 tCO₂e and total revenues of USD 5,964 millions. This translates into an emissions intensity of 2.66 tCO₂e per millions USD.a
Simon Property Group's Scope 1 Emissions Intensity Compared to Peers
How does Simon Property Group's GHG emissions intensity compare to its peers?
In 2024, Simon Property Group reported a Scope 1 emissions intensity of 2.66 tCO₂e per millions USD. Compared to the peer group median of 4.6, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
Where does Simon Property Group rank on GHG emissions intensity within its industry?
In 2024, Simon Property Group ranked 9 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Simon Property Group is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
Insights into Simon Property Group's Total Carbon Footprint
In 2024, Simon Property Group reported a total carbon footprint of 1,105,386 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 1.98% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Simon Property Group's total carbon footprint was Scope 3 emissions, accounting for 84.95% of the company's total carbon footprint, followed by Scope 2 emissions at 13.61%.a