Simon Property Group Inc
Simon Property Group's GHG Emissions Data Preview
In 2023, 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) | 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.  b | 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.  | 0000000 |
Location-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. | 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.  b | 0000000 |
Total Scope 3 | 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.  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.  b | 0000000 |
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aVerified Sources Behind Simon Property Group’s Greenhouse Gas (GHG) Emissions Data
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Insights into Simon Property Group's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of Simon Property Group amounted to 192,315 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 Simon Property Group decreased by 2.32%, 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 2023, the total Scope 1 emissions of Simon Property Group were 22,241 metric tons of CO₂ equivalent (tCO₂e). a
Has Simon Property Group reduced its Scope 1 emissions over time?
Since 2018, Simon Property Group's Scope 1 emissions have increased by 242.91%, reflecting a rising long-term trend in Scope 1 emissions over time. a b
Compared to the previous year (2022), Simon Property Group's Scope 1 emissions decreased by 1.59%, 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 2023, Simon Property Group reported Scope 2 greenhouse gas (GHG) emissions of 99,430 tCO₂e using the market-based method and 170,074 tCO₂e using the location-based method. a
Has Simon Property Group reduced its Scope 2 emissions over time?
Compared to the previous year (2022), 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 2023, 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 2023, Simon Property Group reported 944,265 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 Simon Property Group includes a breakdown across 6 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
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 2023, Simon Property Group reported total Scope 3 emissions of 944,265 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 11.51% of these emissions originated from upstream activities such as purchased goods and capital goods, while 88.49% came from downstream activities like product use, distribution, and end-of-life treatment. a
Compared to the previous year (2022), 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 2023, 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 2023, the largest contributors to Simon Property Group's Scope 3 emissions were: a
- Downstream Leased Assets (Cat. 13): 835,567 tCO₂e (88.49%)
- Waste Generated in Operations (Cat. 5): 89,855 tCO₂e (9.52%)
- Fuel- and Energy-Related Services (Cat. 3): 8,732 tCO₂e (0.92%)
Simon Property Group's Scope 3 Emissions by Categories
Insights into Simon Property Group’s GHG Emissions Intensity Compared to Industry Peers
In 2023, Simon Property Group reported Scope 1 greenhouse gas (GHG) emissions of 22,241 tCO₂e and total revenues of USD 5,659 millions. This translates into an emissions intensity of 3.93 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 2023, Simon Property Group reported a Scope 1 emissions intensity of 3.93 tCO₂e per millions USD. Compared to the peer group median of 3.73 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a
Where does Simon Property Group rank on GHG emissions intensity within its industry?
In 2023, Simon Property Group ranked 14 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 2023, Simon Property Group reported a total carbon footprint of 1,136,580 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 1.06% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output. a
The largest contributor to Simon Property Group's total carbon footprint was Scope 3 emissions, accounting for 83.08% of the company's total carbon footprint, followed by Scope 2 emissions at 14.96%. a