Potential offtaker

Citycon Oyj


Estimated electricity consumption


Countries of production presence


Citycon Oyj is a leading shopping center owner and developer in Finland that has been in operation since 1988. The company's primary focus is on the development, ownership, and management of shopping centers in urban areas. With a portfolio of over 40 shopping centers in Finland, Sweden, Norway, and Estonia, Citycon Oyj is one of the largest players in the industry.

As a responsible corporate citizen, Citycon Oyj is committed to reducing its carbon footprint and promoting decarbonisation. The company has set ambitious sustainability targets, including reducing its carbon emissions by 50% by 2030, and achieving carbon neutrality by 2050. To achieve these goals, Citycon Oyj is implementing a range of measures, including investing in renewable energy, improving energy efficiency, and promoting sustainable transportation.

One of the key ways that Citycon Oyj is reducing its carbon footprint is through the use of renewable energy. The company has set a target of sourcing 100% of its electricity from renewable sources by 2030. To achieve this goal, Citycon Oyj is investing in a range of renewable energy technologies, including solar, wind, and geothermal energy. The company is also exploring the use of energy storage technologies, such as batteries, to enable it to store excess renewable energy for use during peak demand periods.

In addition to investing in renewable energy, Citycon Oyj is also exploring the use of corporate power purchase agreements (PPAs) to reduce its carbon emissions. A corporate PPA is a long-term agreement between a company and a renewable energy provider, under which the company agrees to purchase a set amount of renewable energy at a fixed price over a specified period. By entering into a corporate PPA, Citycon Oyj can secure a reliable source of renewable energy and reduce its dependence on fossil fuels.

Another key area of focus for Citycon Oyj is improving energy efficiency. The company is implementing a range of measures to reduce energy consumption in its shopping centers, including upgrading lighting systems, improving HVAC systems, and installing energy-efficient equipment. By improving energy efficiency, Citycon Oyj can reduce its energy costs and carbon emissions.

To promote sustainable transportation, Citycon Oyj is also investing in electric vehicle (EV) charging infrastructure in its shopping centers. The company has installed EV charging stations in several of its shopping centers, and plans to expand this infrastructure in the coming years. By promoting EV use, Citycon Oyj can help to reduce carbon emissions from transportation and support the transition to a low-carbon economy.

Overall, Citycon Oyj is a leader in the shopping center industry, with a strong commitment to sustainability and decarbonisation. Through its investments in renewable energy, energy efficiency, and sustainable transportation, the company is working to reduce its carbon footprint and promote a more sustainable future. As the world continues to transition to a low-carbon economy, Citycon Oyj is well-positioned to thrive and continue to be a leader in the industry.

✓ Science Based Targets member
✓ Declared Net Zero commitment