Chrono24 GmbH Sustainability Profile
Chrono24 GmbH, headquartered in Germany, is a leading online marketplace for luxury watches, connecting buyers and sellers across the globe. Founded in 2003, the company has established itself as a prominent player in the watch industry, facilitating transactions in major markets including Europe, North America, and Asia. Specialising in the sale of new and pre-owned timepieces, Chrono24 offers a unique platform that ensures secure transactions and a vast selection of high-end brands. Its commitment to transparency and customer satisfaction has garnered a loyal user base, making it a trusted name in the luxury watch sector. With millions of listings and a strong market presence, Chrono24 continues to set the standard for online watch sales, reflecting its dedication to innovation and excellence in the industry.
DitchCarbon Score
How does Chrono24 GmbH'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
Chrono24 GmbH's score of 33 is higher than 57% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Chrono24 GmbH's reported carbon emissions
In 2023, Chrono24 GmbH reported total carbon emissions of approximately 1,010,000 kg CO2e. This figure includes significant contributions from Scope 1 emissions, which totalled about 600,000 kg CO2e, primarily from mobile combustion (520,000 kg CO2e). Scope 2 emissions accounted for approximately 410,000 kg CO2e, while Scope 3 emissions, including business travel and employee commuting, contributed about 217,000 kg CO2e. In 2022, the company’s emissions were notably lower, with Scope 1 emissions at approximately 85,000 kg CO2e, Scope 2 emissions at about 428,000 kg CO2e, and Scope 3 emissions from business travel at around 155,000 kg CO2e. The 2021 data revealed a stark contrast, with total emissions reaching approximately 6,175,000 kg CO2e, predominantly driven by Scope 3 emissions. Chrono24 GmbH has not disclosed any specific reduction targets or climate pledges, indicating a lack of formal commitments to reduce emissions at this time. The absence of cascading data from a parent organisation suggests that the emissions data is solely from Chrono24 GmbH itself. Overall, while the company has made strides in reporting its emissions across all three scopes, it currently lacks defined reduction initiatives or targets to address its carbon footprint.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 85,000 | 000,000 |
| Scope 2 | 418,000 | 000,000 |
| Scope 3 | 155,000 | 000,000 |
How Carbon Intensive is Chrono24 GmbH's Industry?
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Chrono24 GmbH's Scope 3 Categories Breakdown
Chrono24 GmbH's Scope 3 emissions, which increased by 40% last year and increased by approximately 40% since 2022, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 18% of total emissions under the GHG Protocol, with "Business Travel" being the largest emissions source at 94% of Scope 3 emissions.
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Chrono24 GmbH'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.
Chrono24 GmbH has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
