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 46 is higher than 97% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Ceconomy's reported carbon emissions
In 2023, Ceconomy reported total carbon emissions of approximately 42,900,000 kg CO2e, a significant reduction from about 69,800,000 kg CO2e in 2022 and 100,200,000 kg CO2e in 2019. The emissions breakdown for 2023 includes 198,000 kg CO2e from Scope 1, which encompasses direct emissions from owned or controlled sources, and approximately 23,100,000 kg CO2e from Scope 2, related to indirect emissions from purchased electricity, heat, and steam. Scope 3 emissions, which cover the entire value chain, were reported at about 20,700 kg CO2e. Ceconomy has set ambitious climate commitments, aiming to reduce absolute Scope 1 and 2 greenhouse gas emissions by 58.8% by FY2033, using FY2019 as the base year. Additionally, the company targets a 32.5% reduction in Scope 3 emissions, focusing on purchased goods and services, upstream transportation and distribution, and the use of sold products, with a base year of FY2022. Furthermore, Ceconomy aims for 74% of its suppliers, by emissions, to have science-based targets by FY2028. These commitments align with industry standards for climate action, reflecting Ceconomy's dedication to sustainability and reducing its carbon footprint in the retail sector.
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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 committed to some reduction initiatives 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.
