Parque Arauco S.A is a Chilean company that operates in the Shopping Center Own & Develop sector. The company was founded in 1982 and has since grown to become one of the largest shopping center operators in Latin America. Parque Arauco S.A is committed to sustainability and has implemented various initiatives to reduce its carbon footprint and promote renewable energy.

Decarbonisation is a key focus area for Parque Arauco S.A. The company recognizes the urgent need to reduce greenhouse gas emissions and mitigate the impacts of climate change. To this end, Parque Arauco S.A has set ambitious targets to reduce its carbon footprint. The company has committed to reducing its Scope 1 and 2 greenhouse gas emissions by 30% by 2030, compared to a 2019 baseline. This target is in line with the Paris Agreement’s goal of limiting global warming to well below 2°C.

Corporate energy is another area of focus for Parque Arauco S.A. The company recognizes the importance of managing its energy consumption and reducing its reliance on fossil fuels. Parque Arauco S.A has implemented various measures to improve energy efficiency in its shopping centers. For example, the company has installed LED lighting and energy-efficient HVAC systems, which have resulted in significant energy savings. In addition, Parque Arauco S.A has implemented an energy management system to monitor and optimize energy consumption in its shopping centers.

Corporate power purchase agreements (PPAs) are an important tool for Parque Arauco S.A to promote renewable energy. The company has signed several PPAs with renewable energy developers to purchase electricity from wind and solar projects. These PPAs have enabled Parque Arauco S.A to reduce its carbon footprint and support the development of renewable energy in Chile. In addition, the company has installed solar panels on the roofs of its shopping centers, which generate clean electricity and reduce the need for grid-supplied electricity.

Renewable energy is a key component of Parque Arauco S.A’s sustainability strategy. The company recognizes the importance of transitioning to a low-carbon economy and has made significant investments in renewable energy. Parque Arauco S.A has installed over 7 MW of solar capacity across its shopping centers, which generate clean electricity and reduce the company’s reliance on fossil fuels. In addition, the company has signed several PPAs with renewable energy developers to purchase electricity from wind and solar projects.

Parque Arauco S.A’s commitment to sustainability has been recognized by various organizations. In 2020, the company was included in the Dow Jones Sustainability Index for the fifth consecutive year. This index recognizes companies that demonstrate leadership in environmental, social, and governance (ESG) performance. In addition, Parque Arauco S.A was recognized by the Carbon Disclosure Project (CDP) for its efforts to reduce greenhouse gas emissions and promote renewable energy.

In conclusion, Parque Arauco S.A is a Chilean company that operates in the Shopping Center Own & Develop sector. The company is committed to sustainability and has implemented various initiatives to reduce its carbon footprint and promote renewable energy. Parque Arauco S.A’s focus areas include decarbonisation, corporate energy, corporate PPAs, and renewable energy. The company has set ambitious targets to reduce its greenhouse gas emissions and has made significant investments in renewable energy. Parque Arauco S.A’s commitment to sustainability has been recognized by various organizations, including the Dow Jones Sustainability Index and the Carbon Disclosure Project.