El Corte Inglés, S.A. Sustainability Profile
El Corte Inglés, S.A., a leading retail giant based in Spain, operates its headquarters in Madrid and has a significant presence across the Iberian Peninsula. Founded in 1940, the company has evolved into a multifaceted retail powerhouse, encompassing department stores, supermarkets, and online shopping platforms. Renowned for its diverse range of products, El Corte Inglés offers everything from fashion and electronics to groceries and home goods, setting itself apart with exceptional customer service and a commitment to quality. As one of the largest department store chains in Europe, it has achieved notable milestones, including the expansion of its online services and the introduction of exclusive brands. With a strong market position, El Corte Inglés continues to innovate, adapting to changing consumer preferences while maintaining its reputation for reliability and excellence in the retail industry.
DitchCarbon Score
How does El Corte Inglés, S.A.'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 Food Product Manufacturing 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
El Corte Inglés, S.A.'s score of 42 is higher than 68% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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El Corte Inglés, S.A.'s reported carbon emissions
In 2023, El Corte Inglés, S.A. reported total carbon emissions of approximately 3,625,633,110 kg CO2e. This figure includes Scope 1 emissions of about 62,354,740 kg CO2e, primarily from stationary combustion, which accounted for approximately 27,853,890 kg CO2e. Scope 2 emissions were reported at about 14,575,490 kg CO2e, while Scope 3 emissions were significantly higher at approximately 3,548,702,890 kg CO2e, with the largest contributions from purchased goods and services (about 3,373,127,050 kg CO2e) and downstream transportation and distribution (approximately 95,691,780 kg CO2e). In comparison, the previous year, 2022, saw total emissions of approximately 3,487,000,000 kg CO2e, with Scope 1 emissions at about 114,554,130 kg CO2e and Scope 2 emissions at approximately 12,355,400 kg CO2e. Scope 3 emissions for 2022 were around 3,365,709,360 kg CO2e. El Corte Inglés has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or SBTi commitments. The company does not appear to inherit emissions data from a parent or related organization, as it operates independently in this regard. Overall, El Corte Inglés continues to face significant challenges in managing its carbon footprint, particularly in Scope 3 emissions, which represent the majority of its total emissions.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 109,041,300 | 000,000,000 | 00,000,000 |
| Scope 2 | 11,810,530 | 00,000,000 | 00,000,000 |
| Scope 3 | 3,449,335,950 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is El Corte Inglés, S.A.'s Industry?
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El Corte Inglés, S.A.'s Scope 3 Categories Breakdown
El Corte Inglés, S.A.'s Scope 3 emissions, which increased by 5% last year and increased by approximately 3% 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 "Purchased Goods and Services" being the largest emissions source at 95% of Scope 3 emissions.
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El Corte Inglés, S.A.'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.
El Corte Inglés, S.A. 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.
