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Simon Property Group

Real Estate & REITs·Retail

SPG (NYSE)·Indianapolis·US

Verified credentials

CDP ClimateA2021SBTi Validated1.5°C

Company website

Website

SIMON® - Shopping, Dining & Entertainment Destinations Near You.

Touch, try, buy your favorite fashion discoveries at a Simon Malls, Simon Mills or Simon Premium Outlets near you.

simon.com ↗

Decarbonisation trajectory · all scopes

Scope 1 + 2· base 2019 · 115k tCO2eScope 3· base 2018 · 832k tCO2e

Headline intensities

Reporting year 2022·Values in USD ($)

Peer cohort: Real Estate & REITs · lower is better

Revenue intensity

Carbon / $m revenue

208tCO2e / $m

Carbon per million dollars of revenue. The legacy industry-standard reference (CDP, MSCI). Useful for cross-sector context, but distorted by margin — high-margin firms appear artificially efficient. Read alongside the operational and asset intensities for the full picture.

Above median

better than 53% of peers

best 154n=6 peersworst 2.3k

Operational intensity

Carbon / $m OpEx

407tCO2e / $m

OpEx (operating expenditure) is the running cost of the business — staff, services, energy, materials. This shows how carbon-intensive operations are per million dollars of spend. Removes the margin distortion that revenue-based ratios introduce.

Bottom quartile

better than 22% of peers

best 171n=6 peersworst 3.8k

Economic intensity

Carbon / $m EVIC

17.0tCO2e / $m

EVIC (Enterprise Value Including Cash) is the firm's total capital footprint — equity + debt + cash + minority interest. The EU's standard intensity measure (SFDR PAI 3) — answers: how much carbon does each million of capital deployed in this business produce?

Top quartile

better than 75% of peers

best 14.7n=6 peersworst 234

Asset intensity

Carbon / $m PP&E + leased

2.2ktCO2e / $m

PP&E (Property, Plant & Equipment) plus leased real-estate assets is the firm's physical infrastructure on the balance sheet. This shows the carbon intensity of that physical footprint — uses Scope 1+2+3 for consistency with the other headline intensities. Surfaces stranded-asset risk for asset-heavy firms.

Below median

better than 25% of peers

best 80.6n=5 peersworst 9.7k

Asset intensity (full)

Carbon / $m PP&E + leased S3

—tCO2e / $m

Carbon per million dollars of physical infrastructure — PP&E plus leased real-estate, including upstream and downstream leased emissions (Scope 3 categories 8 + 13). The most complete view of physical-asset carbon intensity, relevant for REITs and infrastructure-heavy firms.

no peer comparison yet

Climate action evidence

1 record · 1 source

Carbon credits retired

150 tCO2e

1 retirement · FYNaN–NaN · third-party verified

By credit quality

Avoidance / reductions150 tCO2e(100%)

Retirement records(top 1 by volume of 1)

2010-07-24 Yanling Shendu Hydropower Project · verra150 tCO2e

Renewable electricity

No third-party REC retirements on file and no self-reported renewable share disclosed.

Sources

· berkeley_voluntary_registry

Registry retirements are direct evidence; commitments are forward-looking pledges. EPA snapshot covers FY2019–FY2020.

Targets

Near-term

2 targets

Scope	Base	Target	Reduction	Alignment	Progress	Status
Scope 1 + 2Absolute	2019	2035	−68%	1.5°C	−0.0% reductionof −68% target · 0% there	Off track
Scope 3Absolute	2018	2035	−21%		−0.0% reductionof −21% target · 0% there	Off track

Long-term

1 target

Scope	Base	Target	Reduction	Alignment	Progress	Status
Scope 1 + 2	2019	2035	−68%	In corporate strategy	−0.0% reductionof −68% target · 0% there	Off track

⚠ Some targets show progress vs the earliest extracted year as a baseline approximation. The real base-year value will be used once historical reports are extracted.

Progress · absolute tCO2e

Scope 1 + 2 trajectory vs target

Scope 1 + 2 · 68% by 2035 · 1.5°C

ActualLinear1.5°C

Scope 3 trajectory vs target

Scope 3 · 21% by 2035

ActualLinear1.5°C

Latest news· last 5 of 48

full news log →

Death of CEO David Simon; Eli Simon appointed CEO
David Simon, long-time Chairman, CEO and President, passed away on March 22, 2026. Eli Simon appointed CEO, President and COO by the Board of Directors.
2026
Acquired Phillips Place
Acquired 100% interest in Phillips Place, a 132,805 sq ft center in Charlotte, NC, for $143.8 million.
2025
Acquired remaining 12% of TRG (Taubman Realty Group)
On October 31, 2025, Simon acquired the remaining 12% interest in TRG it did not previously own in exchange for ~5.06 million OP units. TRG holds interests in 22 regional/super-regional/outlet malls. Resulted in $2.9 billion non-cash gain on remeasurement of previously held equity interest. 11 TRG properties now consolidated, 11 accounted for under equity method.
2025
Acquired remaining interest in Brickell City Centre
Acquired remaining 75% interest in retail component and 100% of parking component of Brickell City Centre for $497.7 million.
2025
Acquired The Mall Luxury Outlets (Italy)
Acquired 100% interest in two luxury outlet destinations in Italy (Florence and Sanremo) for €350 million.
2025

Latest reporting year· 6 earlier years on Data-by-year tab

all years + ratios →

2026

reporting year

Financials

Revenue—

OpEx—

FTE—

Market cap (FY-end)—

Climate

Scope 1—

Scope 2 (market)—

Scope 2 (location)—

Scope 3 total—

Source documents· FY2025· 6 earlier docs on Data-by-year tab

all documents →

annual report2025

via jina search · 3.9 MB

extractedOPEN PDF ↗