Climate Change Data

Taubman Realty Group, LLC

Climate Impact & Sustainability Data (2021)

Reporting Period: 2021

Environmental Metrics

Total Carbon Emissions:110.6 thousand tonnes/year (2021)
Scope 1 Emissions:6.4 thousand tonnes/year (2021)
Scope 2 Emissions:58.1 thousand tonnes/year (2021)
Scope 3 Emissions:46.1 thousand tonnes/year (2021)
Renewable Energy Share:10.3% (2021)
Total Energy Consumption:332.9 GWh/year (2021)
Water Consumption:1,987 thousand cubic meters/year (2021)
Waste Generated:27.5 thousand tons/year (2021)
Carbon Intensity:5.98 tonnes/1,000 sq. ft. (2021)

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Reduced controllable energy usage by 16% compared to the 2018 baseline (46% since 2008)
  • Increased renewable energy usage to 10.3%
  • Reduced comparable center water usage by 4% over the 2015 baseline
  • Increased comparable center waste diversion rate from 28% in 2013 to 52.5% in 2021
  • Completed 34 sustainability projects in 2022

Social Achievements

  • Formalized a new DEI Advisory Group to focus on DEI efforts
  • Increased number of women in Manager and Director roles
  • More employees promoted in 2022 than in any other time in Taubman’s history
  • Nearly 90% of participants continued their mentor/mentee relationship after program completion
  • Consistently high employee satisfaction scores (specific numbers not provided)

Governance Achievements

  • Maintained a strong commitment to responsible corporate citizenship, recognized by GRESB for Excellence in Sustainability for four years
  • Taubman corporate headquarters and 17 U.S. shopping centers earned the IWBI WELL Health-Safety Rating in 2021 and 2022
  • Annual business plan analysis to manage and mitigate risk
  • Enterprise risk management framework including review of specific material risks and risk mitigants

Climate Goals & Targets

Medium-term Goals:
  • Reduce GHG emissions by 30% from 2018 baseline by 2030
  • Reduce total controllable energy use by 30% from 2018 baseline by 2030
Short-term Goals:
  • Reduce water consumption by 10% from 2015 baseline by 2025
  • Achieve 10% on-site renewable energy generation by 2025
  • Achieve 60% waste diversion by 2025

Environmental Challenges

  • Climate change and its potential impacts (coastal flooding, cold waves, drought, earthquakes, heat waves, hurricanes, riverine flooding, wildfires)
  • Water conservation concerns due to droughts
Mitigation Strategies
  • Climate risk assessment for each U.S. shopping center
  • Investments in remote and smart water metering
  • Native landscaping and smart irrigation systems
  • Science-Based Targets Initiative partnership to reduce GHG emissions by 30% by 2030

Climate-Related Risks & Opportunities

Physical Risks
  • Coastal flooding
  • Cold waves
  • Drought
  • Earthquakes
  • Heat waves
  • Hurricanes
  • Riverine flooding
  • Wildfires

Reporting Standards

Frameworks Used: GRI, GRESB

Certifications: ISO 14001 (EMS aligned)

Third-party Assurance: ISOS Group, Inc.

Awards & Recognition

  • GRESB Excellence in Sustainability
  • IWBI WELL Health-Safety Rating