Spotify AB, commonly known as Spotify, is a leading music streaming service headquartered in Stockholm, Sweden (SE). Founded in 2006, the company has revolutionised the way people access and enjoy music, boasting a vast library of over 70 million tracks. With a strong presence in Europe, North America, and parts of Asia, Spotify operates in the digital media industry, primarily focusing on music streaming, podcasting, and audio content. The platform's unique algorithms and personalised playlists, such as Discover Weekly, set it apart from competitors, enhancing user engagement and satisfaction. Spotify has achieved significant milestones, including going public in 2018 and reaching over 500 million active users by 2023. As a pioneer in the streaming landscape, Spotify continues to shape the future of audio entertainment, solidifying its position as a market leader.
How does Spotify AB'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.
Mean score of companies in the Computer 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.
Spotify AB's score of 31 is higher than 87% of the industry. This can give you a sense of how well the company is doing compared to its peers.
As of the latest available data, Spotify AB has not publicly disclosed specific carbon emissions figures for the most recent year, nor have they outlined any formal reduction targets or initiatives. This absence of data suggests that while Spotify may be aware of the importance of addressing climate change, they have not yet committed to measurable emissions reductions or specific climate pledges. In the context of the music streaming industry, many companies are increasingly focusing on sustainability and carbon neutrality. Spotify's lack of disclosed emissions data and reduction commitments may indicate an opportunity for the company to enhance its environmental strategy and align with industry standards for climate action. Overall, without specific emissions data or reduction targets, it remains unclear how Spotify AB is addressing its carbon footprint and contributing to broader climate goals.
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.
Spotify AB is not participating in any 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.