Marks And Spencer

Marks & Spencer, a UK-based retail trade services company, reported total emissions of approximately 7.82 billion kg CO2e in 2025. This includes about 201.6 million kg CO2e from Scope 1 emissions, approximately 194.0 million kg CO2e from Scope 2 (market-based) emissions, and roughly 7.61 billion kg CO2e from Scope 3 emissions, specifically including upstream transportation and distribution.

In 2024, the company's total emissions were about 7.04 billion kg CO2e, with Scope 1 emissions at approximately 210.6 million kg CO2e, Scope 2 (market-based) emissions at around 175.3 million kg CO2e, and Scope 3 emissions at roughly 6.68 billion kg CO2e. Key contributors to Scope 3 emissions in 2024 included purchased goods and services (approximately 6.39 billion kg CO2e), capital goods (about 142.0 million kg CO2e), and upstream transportation and distribution (around 140.0 million kg CO2e).

Marks & Spencer has set ambitious climate commitments and targets. The company aims for net-zero across its own business (Scope 1 and 2) by 2034/35. For its entire value chain (all scopes), the target is to achieve net-zero by 2039/40.

The company has near-term Science Based Targets initiative (SBTi) approved targets, committing to:

• Reduce absolute Scope 1 and Scope 2 GHG emissions by 55% by FY2030 from a FY2017 base year.
• Reduce absolute Scope 3 GHG emissions by 42% by FY2030 from a FY2023 base year.
• Reduce absolute Scope 3 FLAG GHG emissions by 30.3% by FY2030 from a FY2023 base year.

Long-term SBTi targets include:

• Reducing absolute Scope 1 and Scope 2 GHG emissions by 90% by FY2035 from a FY2017 base year.
• Reducing absolute Scope 3 GHG emissions by 90% by FY2040 from a FY2023 base year.
• Marks & Spencer also commits to no deforestation across its primary deforestation-linked commodities by December 31, 2025.