Harrods Group (Holding) Limited Sustainability Profile
Harrods Group (Holding) Limited, commonly referred to as Harrods, is a prestigious British luxury retail company headquartered in Great Britain. Founded in 1834, Harrods has established itself as a leader in the luxury goods industry, renowned for its iconic department store in London and a diverse portfolio of high-end products and services. The company operates primarily in the retail sector, offering an extensive range of luxury items, including fashion, beauty, homeware, and gourmet food. Harrods is celebrated for its unique shopping experience, combining exceptional customer service with an unparalleled selection of exclusive brands. With a strong market position, Harrods has achieved numerous accolades, solidifying its reputation as a symbol of luxury and sophistication. The brand continues to innovate while maintaining its rich heritage, making it a cornerstone of the luxury retail landscape.
DitchCarbon Score
How does Harrods Group (Holding) Limited'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 Business 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
Harrods Group (Holding) Limited's score of 32 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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Harrods Group (Holding) Limited's reported carbon emissions
In 2024, Harrods Group (Holding) Limited reported total carbon emissions of approximately 747,810,000 kg CO2e. This figure includes 17,800,000 kg CO2e from Scope 1 emissions, 2,693,000 kg CO2e from Scope 2 emissions (market-based), and a significant 732,000,000 kg CO2e from Scope 3 emissions. The Scope 3 emissions breakdown reveals major contributions from purchased goods and services (about 530,107,000 kg CO2e) and employee commuting (approximately 29,090,000 kg CO2e). Comparatively, in 2018, the company reported a total of 44,000,000 kg CO2e for Scope 1 and 2 emissions combined, alongside 622,000,000 kg CO2e for Scope 3 emissions. This indicates a substantial increase in emissions over the years, particularly in Scope 3 categories. Harrods Group has set ambitious climate commitments, aiming to halve the carbon footprint per square metre built and renovated by 2030, using 2018 as the baseline year. This target applies to both Scope 1 and Scope 2 emissions, reflecting a commitment to significant reductions in their operational impact. The company has not disclosed any Science-Based Targets Initiative (SBTi) targets, and the emissions data is not cascaded from any parent organization. Harrods Group's climate strategy aligns with industry standards, focusing on transparency and accountability in their emissions reporting and reduction initiatives.
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| 2018 | 2024 | |
|---|---|---|
| Scope 1 | - | 00,000,000 |
| Scope 2 | - | 0,000,000 |
| Scope 3 | 622,000,000 | 000,000,000 |
How Carbon Intensive is Harrods Group (Holding) Limited's Industry?
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Harrods Group (Holding) Limited's Scope 3 Categories Breakdown
Harrods Group (Holding) Limited's Scope 3 emissions, which increased by 18% last year and increased by approximately 18% since 2018, 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 72% of Scope 3 emissions.
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Harrods Group (Holding) Limited'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.
Harrods Group (Holding) Limited 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.
