Five Below, Inc. Sustainability Profile
Five Below, Inc., a leading American retail chain, is headquartered in Philadelphia, US. Founded in 2002, the company has rapidly expanded its footprint across the United States, offering a unique shopping experience focused on trendy products priced at $5 or below. Specialising in a diverse range of merchandise, including toys, games, fashion accessories, and tech gadgets, Five Below caters primarily to the youth market, making it a go-to destination for teens and pre-teens. With a commitment to providing fun and affordable products, Five Below has carved out a significant niche in the discount retail industry. The company has achieved notable milestones, including a successful public offering in 2019, solidifying its market position as a favourite among budget-conscious consumers. Its innovative approach to retail continues to set it apart in a competitive landscape.
DitchCarbon Score
How does Five Below, Inc.'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 Wholesale Trade 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
Five Below, Inc.'s score of 25 is lower than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Five Below, Inc.'s reported carbon emissions
Five Below, Inc., headquartered in the US, currently does not have publicly available carbon emissions data for the most recent year, nor does it report specific reduction targets or initiatives related to climate commitments. The absence of emissions data suggests that the company may still be in the early stages of formalising its climate strategy. As of now, Five Below, Inc. has not cascaded any emissions data from a parent or related organisation, indicating that it operates independently in terms of climate reporting. The company has not set any Science-Based Targets Initiative (SBTi) reduction targets or made specific climate pledges, which may reflect a broader trend in the retail sector where many companies are beginning to prioritise sustainability but have yet to establish comprehensive reporting frameworks. In the context of the industry, it is essential for companies like Five Below, Inc. to develop and communicate clear climate commitments, especially as consumer awareness and regulatory pressures regarding carbon emissions continue to grow.
How Carbon Intensive is Five Below, Inc.'s Industry?
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Five Below, Inc.'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.
Five Below, Inc. 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.
