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Vicinity Centres

Country
Australia
Sector
Real Estate
Industry
REIT - Retail
Employees
1,257
Ticker
VCX
Exchange
ASX
Description
Vicinity Centres is a leading Australian real estate investment trust (REIT) specializing in owning, managing, and developing retail properties. The trust’s core function is to provide investors with ...

Vicinity Centres's GHG Emissions Data Preview

In 2025, Vicinity Centres 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, Vicinity Centres has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.

Metric (tCO2e)202520242023
2022 - 2017
Total Scope 1
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Total Scope 2
Unspecified Calculation Method
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Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Limited Data Preview
You are viewing a limited preview of Vicinity Centres’s GHG emissions dataset. The full dataset, available for download, includes Scope 1, 2, and 3 emissions with detailed category-level breakdowns, historical coverage back to 2019, and revenue-based intensity metrics for each scope.
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Verified Sources Behind Vicinity Centres’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 Vicinity Centres’s data sources below and access millions more through our Disclosure Search.

a. Vicinity Centres's Annual Report 2025
a. Vicinity Centres's Annual Report 2025
b. Vicinity Centres's ESG Data Spreadsheet 2024
b. Vicinity Centres's ESG Data Spreadsheet 2024

Insights into Vicinity Centres's Operational Emissions

In 2025, the total operational greenhouse gas (GHG) emissions of Vicinity Centres amounted to 151,591 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 2024, the total operational greenhouse gas (GHG) emissions of Vicinity Centres increased by 28.25%, suggesting that the company faced challenges in reducing its emissions from its core operations.ab

Vicinity Centres's Scope 1 Emissions Over Time

201920202021202220232024202502 k4 k6 k8 ktCO2e+17%-18%+11%+58%-22%+25%
  • Total Scope 1
  • Year-over-Year Change

What are Vicinity Centres's Scope 1 emissions?

In 2025, the total Scope 1 emissions of Vicinity Centres were 6,632 metric tons of CO₂ equivalent (tCO₂e).a

Has Vicinity Centres reduced its Scope 1 emissions over time?

Since 2019, Vicinity Centres's Scope 1 emissions have increased by 62.71%, reflecting a rising long-term trend in Scope 1 emissions over time.ab

Compared to the previous year (2024), Vicinity Centres's Scope 1 emissions increased by 25.27%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.ab

What are Vicinity Centres's Scope 2 emissions?

In 2025, Vicinity Centres reported Scope 2 greenhouse gas (GHG) emissions of 144,959 tCO₂e using the location-based method.a

What methodology does Vicinity Centres use for Scope 2 reporting?

In 2025, Vicinity Centres reported its Scope 2 emissions using the location-based method.a

Vicinity Centres's Scope 2 Emissions Over Time

2019202020212022202320242025040 k80 k120 k160 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Vicinity Centres's Value Chain Emissions

In 2025, Vicinity Centres reported 204,469 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 2025 disclosure of Vicinity Centres includes a breakdown across 0 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2024, demonstrating consistent Scope 3 emissions reporting coverage year over year.a

Vicinity Centres's Scope 3 Emissions Over Time

2019202020212022202320242025075 k150 k225 k300 ktCO2e-12%-7%-1%-3%-4%-6%
  • Total Scope 3
  • Year-over-Year Change

What are Vicinity Centres's Scope 3 emissions?

In 2025, Vicinity Centres reported total Scope 3 emissions of 204,469 metric tons of CO₂ equivalent (tCO₂e).a

Has Vicinity Centres reduced its Scope 3 emissions over time?

Since 2019, Vicinity Centres's Scope 3 emissions have decreased by 28.38%, reflecting a declining long-term trend in Scope 3 emissions over time.ab

Compared to the previous year (2024), Vicinity Centres's Scope 3 emissions remained relatively stable, indicating that Vicinity Centres's emissions have plateaued with no significant change in its value chain footprint.ab

Insights into Vicinity Centres’s GHG Emissions Intensity Compared to Industry Peers

In 2025, Vicinity Centres reported Scope 1 greenhouse gas (GHG) emissions of 6,632 tCO₂e and total revenues of USD 870 millions. This translates into an emissions intensity of 7.62 tCO₂e per millions USD.a

Vicinity Centres's Scope 1 Emissions Intensity Compared to Peers

5501,00010,000100,000Scope 1 Emissions (tCO2e)502001,0005,00010,000Revenues (Millions of USD)NNN REITYear: 2024Scope 1: 108 tCO2eRevenue: $M 869Scope 1 Intensity: 0.12 tCO2e/$MScentre GroupYear: 2024Scope 1: 10,211 tCO2eRevenue: $M 1,635Scope 1 Intensity: 6.24 tCO2e/$MRioCanYear: 2024Scope 1: 7,128 tCO2eRevenue: $M 862Scope 1 Intensity: 8.27 tCO2e/$MCT REITYear: 2024Scope 1: 1,130 tCO2eRevenue: $M 402Scope 1 Intensity: 2.81 tCO2e/$MKlepierreYear: 2024Scope 1: 15,194 tCO2eRevenue: $M 1,565Scope 1 Intensity: 9.71 tCO2e/$MRegion ReYear: 2025Scope 1: 1,213 tCO2eRevenue: $M 251Scope 1 Intensity: 4.82 tCO2e/$MPhillips Edison & CoYear: 2023Scope 1: 9,500 tCO2eRevenue: $M 610Scope 1 Intensity: 15.57 tCO2e/$MCICTYear: 2024Scope 1: 3,171 tCO2eRevenue: $M 1,164Scope 1 Intensity: 2.72 tCO2e/$MAcadia Realty TrustYear: 2024Scope 1: 1,976 tCO2eRevenue: $M 360Scope 1 Intensity: 5.49 tCO2e/$MJMFYear: 2024Scope 1: 4,988 tCO2eRevenue: $M 564Scope 1 Intensity: 8.84 tCO2e/$MSimon Property GroupYear: 2024Scope 1: 15,876 tCO2eRevenue: $M 5,964Scope 1 Intensity: 2.66 tCO2e/$MMacerichYear: 2024Scope 1: 30,779 tCO2eRevenue: $M 918Scope 1 Intensity: 33.52 tCO2e/$MUrban Edge PropertiesYear: 2024Scope 1: 596 tCO2eRevenue: $M 445Scope 1 Intensity: 1.34 tCO2e/$MNomura Real Estate Master FundYear: 2024Scope 1: 1,142 tCO2eRevenue: $M 583Scope 1 Intensity: 1.96 tCO2e/$MBrixmor Property GroupYear: 2023Scope 1: 3,414 tCO2eRevenue: $M 1,245Scope 1 Intensity: 2.74 tCO2e/$MMercialysYear: 2024Scope 1: 1,059 tCO2eRevenue: $M 230Scope 1 Intensity: 4.60 tCO2e/$MFederal RealtyYear: 2024Scope 1: 3,186 tCO2eRevenue: $M 1,202Scope 1 Intensity: 2.65 tCO2e/$MHyprop InvestmentsYear: 2024Scope 1: 13,352 tCO2eRevenue: $M 247Scope 1 Intensity: 54.17 tCO2e/$MSupermarket Income REITYear: 2024Scope 1: 11 tCO2eRevenue: $M 173Scope 1 Intensity: 0.07 tCO2e/$MChoice PropertiesYear: 2024Scope 1: 5,150 tCO2eRevenue: $M 952Scope 1 Intensity: 5.41 tCO2e/$MFrasers Centrepoint TrustYear: 2023Scope 1: 27 tCO2eRevenue: $M 271Scope 1 Intensity: 0.10 tCO2e/$MSunway REITYear: 2023Scope 1: 14 tCO2eRevenue: $M 152Scope 1 Intensity: 0.09 tCO2e/$MKite Realty Group TrustYear: 2024Scope 1: 2,617 tCO2eRevenue: $M 842Scope 1 Intensity: 3.11 tCO2e/$MFreyYear: 2024Scope 1: 202 tCO2eRevenue: $M 199Scope 1 Intensity: 1.01 tCO2e/$MTangerYear: 2024Scope 1: 3,572 tCO2eRevenue: $M 526Scope 1 Intensity: 6.79 tCO2e/$MVicinity CentresYear: 2025Scope 1: 6,632 tCO2eRevenue: $M 870Scope 1 Intensity: 7.62 tCO2e/$M

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

In 2025, Vicinity Centres reported a Scope 1 emissions intensity of 7.62 tCO₂e per millions USD. Compared to the peer group median of 3.11, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a

Where does Vicinity Centres rank on GHG emissions intensity within its industry?

In 2025, Vicinity Centres ranked 20 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a

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

Insights into Vicinity Centres's Total Carbon Footprint

In 2025, Vicinity Centres reported a total carbon footprint of 356,060 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 6.22% increase compared to 2024, suggesting a rise in emissions across its operations or value chain.ab

The largest contributor to Vicinity Centres's total carbon footprint was Scope 3 emissions, accounting for 57.43% of the company's total carbon footprint, followed by Scope 2 emissions at 40.71%.a

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