Simon Property Group

Residential REITs
SPG
$ 93 3.9
Share price
$ 35 bn
Market Cap
$ 55 bn
Enterprise Value

Carbon footprint

2.3 Ton
GHG emissions per $ 1 mln investment
0.06x the weighted average for S&P 500
FY2021
How is this calculated?
+12%
YOY change in GHG emissions
Stronger than the +4.9% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

-2.9%
Proj. YOY change in GHG emissions (Scope 1 + 2)
Weaker than the -6.6% weighted average for S&P 500
FY2022
How is this calculated?

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


1.5°C
Simon Property Group's actual and proj. GHG emissions (Scope 1 + 2) (Kt of CO2e)

GHG emissions and Carbon intensity

Simon Property Group's GHG emissions (market-based) (Kt of CO2e)
Simon Property Group's Carbon intensity (Tons per 1 USDm)

Simon Property Group's carbon footprint

Simon Property Group reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 128 Kt (+14/+12% y-o-y). Carbon intensity also increased marginally to 25 t (+0.2/+0.8% y-o-y).

Simon Property Group's Scope 3 emissions declined to 780 Kt (-18 /-2.3% y-o-y). The rate of decline has slowed vs. the previous periods (CAGR -7.3% since 4Q'18).

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.

Company environmental metrics

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