Ceconomy Sustainability Profile
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 66 is higher than 80% 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 AG reported total carbon emissions of approximately 20,200,000 kg CO2e, with emissions distributed across various scopes: 21,200 kg CO2e from Scope 1, 29,900 kg CO2e from Scope 2, and a significant 20,343,000 kg CO2e from Scope 3. The Scope 3 emissions primarily stem from the use of sold products, which accounted for about 11,543,400 kg CO2e. Ceconomy has set ambitious climate commitments, confirmed by the Science Based Targets initiative (SBTi). The company aims for a 58.8% absolute reduction in Scope 1 and 2 emissions by the financial year 2032/33, using 2019 as the base year. Additionally, it targets a 32.5% reduction in Scope 3 emissions by the same year, with a base year of 2022. Furthermore, Ceconomy plans to ensure that 74% of its suppliers by emissions will have science-based targets by 2028. These commitments reflect Ceconomy's proactive approach to addressing climate change and reducing its carbon footprint across all scopes of emissions.
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| 2019 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 31,700,000 | 000,000,000 | - | 00,000,000 | 00,000 |
| Scope 2 | 73,700,000 | 000,000,000 | - | 00,000,000 | 00,000 |
| Scope 3 | - | 00,000,000,000 | 00,000,000 | 00,000,000,000 | 00,000,000 |
How Carbon Intensive is Ceconomy's Industry?
How Carbon Intensive is Ceconomy's Location?
Ceconomy's Scope 3 Categories Breakdown
Ceconomy's Scope 3 emissions, which decreased by 100% last year and decreased by approximately 100% since 2021, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Use of Sold Products" being the largest emissions source at 57% of Scope 3 emissions.
Top Scope 3 Categories
Ceconomy's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Ceconomy has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about Ceconomy's sustainability data and climate commitments