Simon Property Group

Residential REITs

SPG

$ 109 (2.7)%

Share price

$ 41 bn

Market Cap

$ 61 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

0.06x the weighted average for S&P 500

FY2021

Primary Climate Goal

Proj. YOY change in GHG emissions (Scope 1 + 2)

Weaker than the -8% weighted average for S&P 500

FY2022

Simon Property Group aims to reduce Scope 1 + 2 by 68% by 2035 from a base year 2019

1.5°C

GHG emissions and Carbon intensity

Simon Property Group reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 128 Kt (-57 /-30.6% y-o-y). Also positively, carbon intensity plummeted to 25 t (-15 /-37.4% y-o-y).

Simon Property Group's Scope 3 emissions declined to 780 Kt (-18 /-2.3% y-o-y). The performance has been erratic recently.

The company is committed to reducing Scope 1 + 2 by 68% by 2035 from a base year 2019, which translates into the estimated reduction of -3.7 Kt per annum over the period of FY2022 - FY2035. This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.

Date	Total CO2e emissions (market-based Scope 1 & 2) (Kt)	Scope 1	Scope 2	Scope 3	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2021Q4	128	17	111	780	5,117	25
2020Q4	185	15	176	799	4,608	40
2019Q4	237	17	216	579	5,755	41
2018Q4	276	17	259	581	5,645	49
2017Q4	313	19	294	581	5,539	57
2016Q4	325	20	304	604	5,435	60

Simon Property Group

Carbon footprint

Primary Climate Goal

Simon Property Group aims to reduce Scope 1 + 2 by 68% by 2035 from a base year 2019

GHG emissions and Carbon intensity

Simon Property Group's carbon footprint

Company environmental metrics