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 51 is higher than 97% 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 2023, Ceconomy reported total carbon emissions of approximately 42,900,000 kg CO2e. This figure includes about 198,000 kg CO2e from Scope 1 emissions, which encompass direct emissions from owned or controlled sources, and approximately 23,100,000 kg CO2e from Scope 2 emissions, related to indirect emissions from the generation of purchased electricity, heat, and steam. Additionally, Scope 3 emissions, which cover all other indirect emissions, amounted to about 20,702.9 kg CO2e. Comparatively, Ceconomy’s emissions have significantly decreased from 69,800,000 kg CO2e in 2022 and 100,200,000 kg CO2e in 2019. This represents a substantial reduction in emissions over the years, highlighting the company's commitment to sustainability. Ceconomy has set ambitious climate targets, committing to reduce absolute Scope 1 and 2 greenhouse gas emissions by 58.8% by FY2033 from a FY2019 baseline. Furthermore, the company aims to cut Scope 3 emissions by 32.5% by FY2033 from a FY2022 baseline. Notably, Ceconomy also plans for 74% of its suppliers, by emissions covering purchased goods and services, to have science-based targets by FY2028. These commitments align with industry standards and reflect Ceconomy’s dedication to addressing climate change and reducing its carbon footprint.
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| 2019 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 26,500,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 73,700,000 | 000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | 00,000.0 | 00,000.0 | 00,000 |
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.
