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 82 is higher than 90% 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 kg CO2e for Scope 1, 29,900 kg CO2e for Scope 2, and a significant 20,343,000 kg CO2e for Scope 3 emissions. This reflects a comprehensive approach to emissions reporting, covering all three scopes. Notably, Scope 3 emissions, which include indirect emissions from the supply chain and product use, represent the largest portion of their carbon footprint. Ceconomy has set ambitious climate commitments, aiming for a 58.8% reduction in absolute Scope 1 and 2 emissions by the financial year 2032/33, using 2019 as the baseline. Additionally, they target a 32.5% reduction in absolute Scope 3 emissions by the same year, with 2022 as the baseline. These targets have been confirmed by the Science Based Targets initiative (SBTi), underscoring their alignment with global climate goals. The company is also committed to ensuring that 74% of its suppliers by emissions will have science-based targets by 2028, further enhancing its sustainability efforts. Ceconomy aims to achieve net zero emissions for Scope 1 and 2 by 2024 and total net zero emissions by 2040, supported by certified climate change mitigation projects. Overall, Ceconomy AG's proactive stance on carbon emissions and climate commitments positions it as a responsible player in the retail sector, with a clear roadmap towards significant emissions reductions.
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| 2019 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 26,500,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000 |
| Scope 2 | 73,700,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000 |
| Scope 3 | - | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 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.
