SIMON SUSTAINABILITY REPORT 2022
LRQA ASSURANCE STATEMENT
LRQA ’s Opinion Based on LRQA ’s approach, except for the effect of the matters described in the Basis for Qualified Opinion, nothing has come to our attention that would cause us to believe that Simon has not, in all material respects: • Met the requirements of the criteria listed above; and • Disclosed accurate and reliable performance data and information as summarized in Table 1 below. The opinion expressed is formed on the basis of a limited level of assurance 2 and at the materiality of the professional judgement of the verifier. Basis for Qualified Opinion • Methane (CH 4 ) and Nitrous Oxide (N 2 O) emissions from combustion of mobile fuels were not included in the inventory. The impact on total emissions is immaterial. • Emissions from refrigerants were overreported due to incorrect and inconsistent application of global warming potentials (GWP). The impact on total emissions is immaterial. • Electricity consumption data and associated emissions for some sites were not included. The impact on total emissions is immaterial. • Scope 3 Emissions from Category 1 - Purchased Goods and Services were reported as Category 4 - Upstream Transportation and Distribution. The impact on total emissions is immaterial. • Some sites did not include solid waste and recyclables data and associated emissions. This finding does not have a material impact on either the total waste tonnage reported or the emissions values reported under Scope 3 – Category 5 – Waste Generated in Operations.
LRQA Independent Assurance Statement Relating to Simon Property Group, L.P .’s Greenhouse Gas Inventory and Environmental Data for the calendar years 2022
This Assurance Statement has been prepared for Simon Property Group, L.P. in accordance with our contract.
Terms of Engagement LRQA was commissioned by Simon Property Group, L.P.’s (Simon) to provide independent assurance of its greenhouse gas (GHG) emissions inventory and environmental data (“the Report”) for the calendar ye ar 2022 (CY 2022) against the assurance criteria below to a limited level of assurance and materiality of the professional judgement of the verifier using LRQA’s verification procedure and ISO 14064 - Part 3 for greenhouse gas emissions. LRQA’s verificatio n procedure is based on current best practise and is in accordance with ISAE 3000 and ISAE 3410. Our assurance engagement covered Simon’s operations and activities under their operational control in North America, and specifically the following requirements: • Verifying conformance with: • Simon’s reporting methodologies for the selected datasets; and • World Resources Institute / World Business Council for Sustainable Development Greenhouse Gas Protocol: A corporate accounting and reporting standard, revised edition (otherwise referred to as the WRI/WBCSD GHG Protocol) for the GHG data 1 ; • Evaluating the accuracy and reliability of data and information for only the selected indicators listed below: • Direct (Scope 1), Energy Indirect (Scope 2) and Other Indirect (Scope 3) GHG emissions. ▪ Scope 3 GHG emissions verified by LRQA only include ▪ Category 3 - Fuel- and Energy-Related Activities - Not Included in Scope 1 or Scope 2 ▪ Category 4 - Upstream Transportation and Distribution ▪ Category 5 - Waste Generated in Operations ▪ Category 6 - Business Travel ▪ Category 7 - Employee Commuting ▪ Category 13 - Downstream Leased Assets • Water consumption • Waste generated; and • Energy consumption LRQA ’s responsibility is only to Simon. LRQA disclaims any liability or responsibility to others as explained in the end footnote. Simon’s responsibility is for collecting, aggregating, analysing and presenting all the data and information within the Report and for maintaining effective internal controls over the systems from which the Report is derived. Ultimately, the Report has been approved by, and remains the responsibility of Simon. • Reviewing whether the Report has taken account of: • World Resources Institute / World Business Council for Sustainable Development Greenhouse Gas Protocol: Corporate Value Chain (Scope 3) Accounting and Reporting Standard;
Table 1. Summary of Simon’s Key Data for CY 2022: Scope of GHG Emissions Category
Quantity
Unit
Scope 1
Direct
18,403 177,642 108,065
MT CO 2 e
Location-Based 1
MT CO MT CO
2 e 2 e
Scope 2
Market-Based 1
Biogenic Emissions Direct Biogenic carbon dioxide (CO 2 )
30
MT CO 2
Category 3 - Fuel- and Energy-Related Activities Not Included in Scope 1 or Scope 2 (Location-Based) Category 3 - Fuel- and Energy-Related Activities Not Included in Scope 1 or Scope 2 (Market-Based) Category 4: Upstream Transportation and Distribution 2 Category 5: Waste Generated in Operations
9,415
MT CO 2 e
MT CO 2 e
9,415
Scope 3
MT CO 2 e
219
179,782
MT CO 2 e
2. The extent of evidence-gathering for a limited assurance engagement is less than for a reasonable assurance engagement. Limited assurance engagements focus on aggregated data rather than physically checking source data at sites. Consequently, the level of assurance obtained in a limited assurance engagement is lower than the assurance that would have been obtained had a reasonable assurance engagement been performed.
1. http://www.ghgprotocol.org/
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CREATING SUSTAINABLE CENTERS
CUSTOMERS
COMMUNITIES
ENVIRONMENT
EMPLOYEES
APPENDIX
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