Most carbon emissions of retail companies are classified under Scope 3 emissions, which include most operations and distribution of goods and services. Several retailers took action to align with science-based climate targets by 2030, reducing their Scope 3 emissions. As of July 2021, the percentage of target completion differed greatly among retailers, indicating that some companies are more advanced than others, also due to different start date of target submission.
Of all listed companies, online marketplace Etsy was the one very much behind, with a negative value 1,180 percent. The figure is due to the boosting revenue and therefore increased business activity of the company; higher volumes of traded merchandise produces higher emissions.
Retailers engaged in reducing their Scope 3 emissions in line with science-based targets as of July 2021, by level of completion
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Target completion according to data disclosed by companies and available as of July 31, 2021. Scope 3 categories defined by Greenhouse Gas Protocol's accounting and reporting standards.
*emissions related to extraction, production, and transportation of purchased goods and services.
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Science Based Targets initiative. (June 1, 2022). Retailers engaged in reducing their Scope 3 emissions in line with science-based targets as of July 2021, by level of completion [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1363456/retailers-reducing-scope-3-emissions/
Science Based Targets initiative. "Retailers engaged in reducing their Scope 3 emissions in line with science-based targets as of July 2021, by level of completion ." Chart. June 1, 2022. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1363456/retailers-reducing-scope-3-emissions/
Science Based Targets initiative. (2022). Retailers engaged in reducing their Scope 3 emissions in line with science-based targets as of July 2021, by level of completion . Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1363456/retailers-reducing-scope-3-emissions/
Science Based Targets initiative. "Retailers Engaged in Reducing Their Scope 3 Emissions in Line with Science-based Targets as of July 2021, by Level of Completion ." Statista, Statista Inc., 1 Jun 2022, https://www.statista.com/statistics/1363456/retailers-reducing-scope-3-emissions/
Science Based Targets initiative, Retailers engaged in reducing their Scope 3 emissions in line with science-based targets as of July 2021, by level of completion Statista, https://www.statista.com/statistics/1363456/retailers-reducing-scope-3-emissions/ (last visited July 22, 2024)
Retailers engaged in reducing their Scope 3 emissions in line with science-based targets as of July 2021, by level of completion [Graph], Science Based Targets initiative, June 1, 2022. [Online]. Available: https://www.statista.com/statistics/1363456/retailers-reducing-scope-3-emissions/
