Simon Property Group
Real estate investment trust
The largest owner of shopping malls in the United States.

Overall

Owned USA
Rating F
About the Ratings
Simon Property Group Inc
USA

Company Assessment

(Last updated Jul 2024)
Simon Property Group Inc
Praise
CDP Climate Change score of A-
In 2023, the Carbon Disclosure Project (CDP) asked companies to provide data about their efforts to reduce greenhouse gas emissions and mitigate climate change risk. Responding companies are scored across four key areas: disclosure; awareness; management; and leadership. This company received a CDP Climate Change score of A-.
Source: CDP (2023)
72.3/100 in Newsweek rankings
America's Most Responsible Companies 2022 by Newsweek and Statista recognises the Top 500 most responsible companies in the United States. Companies were evaluated in three areas: environmental (waste, energy use, etc.), social (leadership diversity, employees and philanthropy) and governance (transparency and economic performance). This company received a total score of 72.3/100, ranking 16th in the Real Estate & Housing sector, and 263rd overall.
54/100 in TIME rankings
World's Most Sustainable Companies of 2024 by TIME and Statista recognises the Top 500 most sustainable companies in the world. From a selection of 5,000 of the world's largest companies, non-sustainable businesses were excluded, and the remaining companies were rated on Commitment & Ratings, Reporting & Transparency, and Environmental & Social Stewardship. This company received a total score of 54.2/100, ranking 464th overall.
Source: TIME (2024)
Criticism
3.5/20 in Social Benchmark
The 2024 Social Benchmark assesses the world's 2,000 most influential companies on their responsibility in meeting society's fundamental expectations towards three measurement areas: respecting human rights, providing decent work, and acting ethically. This company was assessed in 2023 and received a score of 3.5/20. The average score was an alarmingly low 4.6/20 and the highest score was 15.5/20.
JUST Capital ranking
JUST Capital polls Americans every year to identify the issues that matter most in defining just business behaviour. For their 2024 rankings the public identified 20 issues, which are organised under the headings Workers, Communities, Customers, Shareholders and Environment. JUST Capital then define metrics that map to those issues and track and analyse the largest, publicly traded U.S. companies. This analysis powers their rankings, in which this company ranked 817th of 937 companies, and 29th of 33 Real Estate companies.
Anticompetitive tactics
In 2017 Simon Property Group agreed to stop anticompetitive tactics that blocked competition from new outlet centers in New York City, and pay US$945,000 to settle a lawsuit with the New York Attorney General. Simon's anticompetitive conduct blocked competition and drove up prices for New York consumers.
34/100 S&P Global ESG Score
This company received an S&P Global ESG Score of 34/100 in the Real Estate category of the S&P Global Corporate Sustainability Assessment, an annual evaluation of companies' sustainability practices (last updated 23 Sep 2022). The rankings are based on an analysis of corporate economic, environmental and social performance, assessing issues such as corporate governance, risk management, environmental reporting, climate strategy, human rights and labour practices.
CEO Pay Ratio of 538:1
In 2022 the median pay for a worker at this company was US$66,313. The CEO was paid 538 times this amount. Exorbitant CEO pay is a major contributor to rising inequality. CEOs are getting more because of their power to set pay, not because they are increasing productivity or possess specific, high-demand skills. The economy would suffer no harm if CEOs were paid less (or taxed more). In contrast, the CEO-to-typical-worker compensation ratio was 20-to-1 in 1965 and 58-to-1 in 1989.
Information
20% on Corporate Equality Index
This company has the low score of 20% on a report card on lesbian, gay, bisexual and transgender equality in corporate America.
Climate action commitments
As listed on the We Mean Business website, this company has committed to the following climate action initiatives: adopt a science-based emissions reduction target.
Sustainability claims
This company has sustainability claims on its website in the four key areas of Customers, Communities, Environment and Employees.
OpenSecrets.org profile
OpenSecrets.org tracks the influence of money on U.S. politics, and how that money affects policy and citizens' lives. Follow link to see this company's record of political donations, lobbying, outside spending and more.

Company Details

Type:
Public company
Founded:
1993
Revenue:
4.6 billion USD (2020)
Employees:
3,300 (2020)
Subsidiaries:
SPARC Group LLC (33% owned)
Retail
Joint venture between Simon Property Group, a retail real estate company and Authentic Brands Group, a brand development company. SPARC stands for Simon Property Authentic Retail Concepts. In 2023 Chinese fast fashion company Shein bought a 33% stake.
Eddie Bauer LLC
Clothing retail
Acquired in 2021 by SPARC Group, a joint venture between Simon Property Group and Authentic Brands Group.
Forever 21 Inc
Youth fashion
Founded in California in 1984 by CEO Don Chang and his wife. About 60% of its apparel is manufactured in China. Operates about 500 retail stores around the world. Filed for bankruptcy in 2019 and acquired by Authentic Brands Group, Simon Property Group and Brookfield Property Partners in 2020. Forever 21 entered Australia in 2014, but left in 2017.

Contact Details

Address:
Indianapolis, Indiana, USA
Website:
www.simon.com

Products / Brands

SPARC (33% owned) / True Alliance (distributor)
Brooks Brothers Menswear (formal)
Nautica Outdoor Wear
SPARC (33% owned)
Lucky Brand Denim
Eddie Bauer (33% owned)
Eddie Bauer Outdoor Wear
Forever 21 (33% owned)
Forever 21 Youth Fashion