Ceconomy
Ceconomy AG, headquartered in Düsseldorf, Germany, is a leading player in the consumer electronics retail industry. Founded in 2017, the company emerged from the restructuring of Metro AG and has since established a strong presence across Europe, particularly in Germany, Austria, and the Netherlands. Ceconomy operates primarily through its well-known brands, including MediaMarkt and Saturn, offering a wide range of products from cutting-edge electronics to household appliances. What sets Ceconomy apart is its commitment to providing an exceptional customer experience, combining online and offline shopping seamlessly. With a robust market position, Ceconomy has achieved significant milestones, including expanding its digital services and enhancing its e-commerce capabilities. As a key player in the retail sector, Ceconomy continues to innovate and adapt to the evolving needs of consumers in the fast-paced electronics market.
DitchCarbon Score
How does Ceconomy's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Retail Trade Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Ceconomy's score of 71 is higher than 98% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Ceconomy's reported carbon emissions
In 2024, Ceconomy reported total carbon emissions of approximately 42,900,000 kg CO2e, with emissions distributed across various scopes: 21,200 kg CO2e from Scope 1, 29,900 kg CO2e from Scope 2, and about 20,343,000 kg CO2e from Scope 3. Notably, Scope 1 emissions included significant contributions from mobile combustion (9,000,000 kg CO2e) and stationary combustion (8,100,000 kg CO2e). Ceconomy has set ambitious climate commitments, aiming for net zero emissions for Scope 1 and 2 by 2024 and total net zero emissions by 2040. They have also committed to reducing Scope 1 and 2 emissions by 58.8% by the financial year 2032/33, using 2019 as the baseline year. For Scope 3 emissions, the company targets a 32.5% reduction by 2032/33, with a baseline year of 2021/22. Additionally, Ceconomy aims to achieve a 3% annual reduction in Scope 3 emissions for its own-brand products by 2030. These targets have been validated by the Science Based Targets initiative (SBTi), which confirms that Ceconomy's goals align with the necessary reductions to limit global warming to 1.5°C. Furthermore, the company plans for 74% of its suppliers to have science-based targets by 2028, reinforcing its commitment to sustainable practices throughout its supply chain.
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| 2019 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 26,500,000 | 00,000,000 | 000,000 | 000,000 | 00,000 |
| Scope 2 | 73,700,000 | 00,000,000 | 000,000 | 000,000 | 00,000 |
| Scope 3 | - | 0,000,000,000 | 00,000.0 | 00,000 | 00,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Ceconomy is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
