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 20 out of 1030
Universe
Global Universe 55 out of 16006
What are the ESG Risk Ratings?
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Industry Comparison
Company | ESG Risk Rating | Industry Rank |
---|---|---|
Scentre Group |
6.5
Negligible
|
20 out of 1030 |
Link Real Estate Investment Trust |
8.8
Negligible
|
62 out of 1030 |
Rexford Industrial Realty, Inc. |
10.7
Low
|
140 out of 1030 |
Host Hotels & Resorts, Inc. |
12.9
Low
|
258 out of 1030 |
W.P. Carey, Inc. |
13.9
Low
|
329 out of 1030 |
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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.
Scentre Group's Exposure is Low
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.
Scentre Group's Management of ESG Material Risk is Strong
How do the ESG Risk Ratings work?
Top Material ESG Issues for Scentre Group
Understand how exposed companies are to specific material ESG issues and how well companies are managing these issues.
![blurred material ESG issues](/ResourcePackages/Sustainalytics/assets/img/company-rating/mei-blur.png)
What are Material ESG Issues?
Material ESG issues are issues that are considered to be financially material to a given company in a relevant sub-industry.
Controversy Rating
Highest Controversy level that has impacted Scentre Group's ESG Risk Rating in the last three years
Highest Controversy Level
![blurred controversy level](/ResourcePackages/Sustainalytics/assets/img/company-rating/cr-level-blur.jpg)
Contributing Events
![blurred controversy events](/ResourcePackages/Sustainalytics/assets/img/company-rating/cr-events-blur.jpg)
Highest Controversy Events Locations
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