Scentre Group
Industry Group: Real Estate
Country/Region: Australia
Identifier: ASX:SCG
Scentre Group owns the largest portfolio of premium Australian and New Zealand shopping malls, owning seven of the top 10 Australian and four of the top five New Zealand malls. About half its rent comes from anchor tenants and half from specialty tenants at end-June 2024. While about one third of floor space is allocated to department stores at that date, we expect tenants to return a reasonable portion of that space over the next decade, or alternatively, department store rent to be renegotiated to lower levels. Almost every Scentre mall is anchored by at least one supermarket but these tenants accounts for less than 10% of gross lettable area due to the large size of Scentre’s assets.
ESG Risk Rating
Ranking
Industry Group (1st = lowest risk)
Real Estate 24 out of 1009
Universe
Global Universe 92 out of 15104
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Industry Comparison
| Company | ESG Risk Rating | Industry Rank |
|---|---|---|
| Unibail-Rodamco-Westfield SE |
4.1
Negligible
|
1 out of 1009 |
| Scentre Group |
7.7
Negligible
|
24 out of 1009 |
| Host Hotels & Resorts, Inc. |
12.9
Low
|
209 out of 1009 |
| W.P. Carey, Inc. |
13.9
Low
|
280 out of 1009 |
| CubeSmart |
16.6
Low
|
456 out of 1009 |
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Our Approach to Calculating ESG Risk
The ESG Risk Ratings measure a company's exposure to industry-specific material ESG risks and how well a company is managing those risks.
Exposure
Exposure refers to the extent to which a company is exposed to different material ESG issues. Our exposure score takes into consideration subindustry and company-specific factors such as its business model.
Management
Management refers to how well a company is managing its relevant ESG issues. Our management score assesses the robustness of a company's ESG programs, practices and policies.
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Top Material ESG Issues for Scentre Group
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Controversy Rating
Highest Controversy level that has impacted Scentre Group's ESG Risk Rating in the last three years
Highest Controversy Level
Contributing Events
Highest Controversy Events Locations
