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 lower than 52% 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 54.2 million kg CO2e. This figure reflects the company's overall impact on the environment, although specific breakdowns into Scope 1, Scope 2, and Scope 3 emissions are not disclosed. The previous year's emissions in 2019 were about 65.9 million kg CO2e, and in 2018, they were approximately 76.3 million kg CO2e, indicating a downward trend in emissions over these years. Despite this reduction, Hudson's Bay has not established specific reduction targets or commitments through initiatives such as the Science Based Targets initiative (SBTi). The absence of documented climate pledges suggests that while the company is aware of its emissions, it may not have formalised strategies for further reductions or long-term sustainability goals. The emissions data is not cascaded from any parent organisation, indicating that Hudson's Bay operates independently in its reporting and climate commitments. Overall, while there is a notable decrease in emissions, the lack of defined targets highlights an area for potential improvement in their climate strategy.
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.
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