Farfetch
Farfetch Limited, commonly known as Farfetch, is a leading global online luxury fashion platform headquartered in London, GB. Founded in 2007, Farfetch has revolutionised the luxury retail landscape by connecting consumers with a curated selection of high-end fashion from boutiques and brands worldwide. Operating in key markets across Europe, North America, and Asia, Farfetch offers a unique marketplace that features an extensive range of designer clothing, accessories, and footwear. Its innovative approach to e-commerce, including exclusive collaborations and a focus on sustainability, sets it apart in the competitive luxury sector. With a strong market position, Farfetch has achieved significant milestones, including partnerships with renowned fashion houses and a robust logistics network, solidifying its reputation as a go-to destination for luxury shoppers seeking both variety and authenticity.
DitchCarbon Score
How does Farfetch'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 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.
Industry Benchmark
Farfetch's score of 31 is higher than 60% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Farfetch's reported carbon emissions
In 2021, Farfetch reported total carbon emissions of approximately 415,956,000 kg CO2e. This figure includes 1,238,000 kg CO2e from Scope 1 emissions, 3,224,000 kg CO2e from Scope 2 emissions (market-based), and a significant 411,494,000 kg CO2e from Scope 3 emissions, which primarily stem from purchased goods and services (223,915,000 kg CO2e) and downstream transportation and distribution (153,227,000 kg CO2e). Farfetch has set ambitious climate commitments, aiming to reduce its absolute Scope 1 and 2 greenhouse gas emissions by 42% by 2030, using 2020 as the base year. Additionally, the company plans for 70% of its suppliers, based on emissions from purchased goods and services and upstream transportation and distribution, to establish science-based targets by 2026. These targets align with the 1.5°C pathway as classified by the Science Based Targets initiative (SBTi). The company has shown a commitment to sustainability, with previous years' emissions also indicating a trend towards increased awareness and action on climate issues. In 2020, Farfetch's total emissions were about 347,237,000 kg CO2e, and in 2019, they were approximately 311,342,000 kg CO2e. This demonstrates a growing recognition of the need for effective climate strategies within the retail sector.
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| 2019 | 2020 | 2021 | |
|---|---|---|---|
| Scope 1 | 623,000 | 000,000 | 0,000,000 |
| Scope 2 | 2,642,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 308,077,000 | 000,000,000 | 000,000,000 |
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.
Farfetch 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.
