Simon Property Group

Residential REITs
SPG
$ 150 0.11
Share price
$ 56 bn
Market Cap
$ 75 bn
Enterprise Value

Carbon footprint

2.5 Ton
GHG emissions per $ 1 mln investment
0.07x the weighted average for S&P 500
FY2020
How is this calculated?
-26%
YOY change in GHG emissions
Stronger than the -11% weighted average for S&P 500
FY2020 vs. previous year

Primary Climate Goal

This company has not set a company-wide target for an absolute reduction in GHG emissions yet

but has a science based goal that does not target absolute reductions but is still aligned with Paris Agreement according to SBTi

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 2020 at 185 Kt (-66 /-26.4% y-o-y). Also positively, carbon intensity decreased to 40 t (-3.6 /-8.2% y-o-y).

Simon Property Group's Scope 3 emissions skyrocketed to 852 Kt (+273/+47% y-o-y). There has been no clear trend lately.

The company has not set a company-wide target for an absolute reduction in GHG emissions yet.

Simon Property Group also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. Simon Property Group commits to reduce absolute scope 1 and 2 GHG emissions 68% by 2035 from a 2019 base year. Simon Property Group also commits to reduce absolute scope 3 GHG emission from downstream leased assets 21% by 2035 from a 2018 base year.

Company environmental metrics

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