Simon Property Group
Primary Climate Goal
Simon Property Group's target annual Scope 1 + 2 emissions for 2035 should be equal to 80 Kt = 68% * 251 Kt, according to the company's stated climate goal.
In order to achieve this goal, Simon Property Group would need to reduce its emissions at least by -7 Kt per annum over the period from 2021 to 2035:
-7 Kt = ( 80 Kt - 185 Kt ) / (2035 - 2020)
This translates into a -3.8% reduction in 2021.
The projected range shown on the chart is based on the Exerica's algorithm which takes account of both the company's stated goal and its past performance.
Simon Property Group aims to reduce Scope 1 + 2 by 68% by 2035 from a base year 2019
Science Based Targets initiative In October 2021 SBTi developed and launched world's first net zero standard, providing framework and tools for companies to set science-based net zero targets and limit global temperature rise above pre-industrial levels to 1.5 °C.
GHG emissions and Carbon intensity
Scope 1 + 2 GHG emissions (in tons of CO2e) divided by the company's Revenues (in USDm) for the same period
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 was down at 852 Kt (
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 -7 Kt per annum over the period of FY2021 - FY2035. This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.