Hudsons Bay Sustainability Profile
Hudson's Bay Company, commonly known as HBC or The Bay, is a prominent Canadian retail enterprise headquartered in Toronto, Ontario. Established in 1670, it stands as one of North America's oldest companies, with a rich history that includes significant milestones in the retail sector. Operating primarily in Canada, HBC has made a name for itself in the department store industry, offering a diverse range of products including fashion, home goods, and beauty items. The Bay is renowned for its unique blend of contemporary and classic merchandise, catering to a wide demographic. With a strong market position, Hudson's Bay continues to innovate in the retail landscape, focusing on customer experience and quality service. Its commitment to sustainability and community engagement further distinguishes it in the competitive retail market.
DitchCarbon Score
How does Hudsons Bay'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
Hudsons Bay's score of 28 is higher than 50% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Hudsons Bay's reported carbon emissions
In 2020, Hudson's Bay reported total carbon emissions of approximately 54,188,000 kg CO2e. This marked a reduction from 2019, when emissions were about 65,994,000 kg CO2e, and from 2018, which saw emissions of approximately 76,302,000 kg CO2e. The data indicates a downward trend in emissions over these years, although specific details regarding the scopes of emissions (Scope 1, 2, or 3) were not disclosed. Despite the reductions, Hudson's Bay has not set specific reduction targets or commitments through initiatives such as the Science Based Targets initiative (SBTi) or other climate pledges. The absence of formal reduction targets suggests that while the company is making progress in reducing emissions, it may not yet have established a comprehensive framework for future commitments. The emissions data is not cascaded from any parent organization, indicating that Hudson's Bay is reporting its own figures independently. Overall, while Hudson's Bay has demonstrated a commitment to reducing its carbon footprint, further transparency regarding its climate strategies and future goals would enhance its sustainability profile.
How Carbon Intensive is Hudsons Bay's Industry?
How Carbon Intensive is Hudsons Bay's Location?
Hudsons Bay'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.
Hudsons Bay 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.
