Fix Price Sustainability Profile
Fix Price, officially known as Fix Price Group Ltd, is a leading discount retailer headquartered in Russia. Established in 2007, the company has rapidly expanded its footprint across various regions, including Eastern Europe and Central Asia, becoming a prominent player in the retail industry. Specialising in a wide range of products, Fix Price offers everything from household goods to food items, all at fixed low prices, which sets it apart in the competitive market. The company's unique business model focuses on affordability and accessibility, catering to budget-conscious consumers. With thousands of stores nationwide, Fix Price has achieved significant milestones, including a successful IPO in 2020, solidifying its market position as a go-to destination for value shopping. Its commitment to quality and variety continues to drive customer loyalty and growth in the discount retail sector.
DitchCarbon Score
How does Fix Price'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
Fix Price's score of 36 is higher than 58% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Fix Price's reported carbon emissions
In 2023, Fix Price reported total carbon emissions of approximately 3,269,481,000 kg CO2e. This figure includes Scope 1 emissions of about 1,670,000 kg CO2e, Scope 2 emissions of approximately 125,415,000 kg CO2e, and a significant contribution from Scope 3 emissions, which totalled around 3,142,396,000 kg CO2e. Notably, the largest components of Scope 3 emissions were from purchased goods and services (approximately 1,622,601,000 kg CO2e) and the use of sold products (about 1,158,050,000 kg CO2e). In 2022, Fix Price's total emissions were approximately 3,006,433,000 kg CO2e, with Scope 1 emissions at about 2,606,000 kg CO2e and Scope 2 emissions around 117,896,000 kg CO2e. The Scope 3 emissions for that year were approximately 2,885,930,000 kg CO2e, again primarily driven by purchased goods and services (approximately 1,706,378,000 kg CO2e) and the use of sold products (about 840,657,000 kg CO2e). Despite these substantial emissions figures, Fix Price has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. The company operates independently without cascading emissions data from a parent organisation, ensuring that its reported figures reflect its own operational impact. Overall, Fix Price's emissions profile highlights the significant challenges faced by retail organisations in managing their carbon footprint, particularly in relation to Scope 3 emissions, which often constitute the majority of total emissions.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 3,080,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 88,761,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 2,091,632,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is Fix Price's Industry?
How Carbon Intensive is Fix Price's Location?
Fix Price's Scope 3 Categories Breakdown
Fix Price's Scope 3 emissions, which increased by 9% last year and increased by approximately 50% since 2020, 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 52% of Scope 3 emissions.
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Fix Price'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.
Fix Price 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.
