MQ Holding AB
MQ Holding AB, commonly referred to as MQ, is a prominent player in the fashion retail industry, headquartered in Sweden (SE). Founded in 2002, the company has established itself as a key provider of contemporary clothing and accessories, primarily operating in the Nordic region. MQ offers a diverse range of products, including stylish apparel for men and women, with a focus on quality and sustainability. Their unique approach combines modern design with a commitment to responsible sourcing, setting them apart in a competitive market. With a strong market presence, MQ Holding AB has achieved notable milestones, including a successful expansion of its retail footprint and a growing online platform. The company continues to innovate, ensuring it remains a preferred choice for fashion-conscious consumers in Sweden and beyond.
DitchCarbon Score
How does MQ Holding AB'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 Apparel Production 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
MQ Holding AB's score of 52 is higher than 94% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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MQ Holding AB's reported carbon emissions
In 2024, MQ Holding AB reported total carbon emissions of approximately 13,358,000 kg CO2e, with emissions distributed across all three scopes: 32,000 kg CO2e (Scope 1), 230,000 kg CO2e (Scope 2), and 13,096,000 kg CO2e (Scope 3). This represents a slight decrease in Scope 1 and Scope 2 emissions compared to 2023, where they recorded 44,000 kg CO2e (Scope 1) and 434,000 kg CO2e (Scope 2), while Scope 3 emissions were approximately 11,433,000 kg CO2e. In 2022, the company had higher emissions, with Scope 1 at 56,000 kg CO2e, Scope 2 at 267,000 kg CO2e, and Scope 3 at 15,556,000 kg CO2e. Despite these fluctuations, MQ Holding AB has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. The company’s emissions profile highlights the significant impact of Scope 3 emissions, which account for the majority of their carbon footprint. As MQ Holding AB continues to navigate its climate commitments, further transparency and strategic initiatives may be necessary to address its overall emissions and align with industry standards for sustainability.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 56,000 | 00,000 | 00,000 |
| Scope 2 | 267,000 | 000,000 | 000,000 |
| Scope 3 | 15,556,000 | 00,000,000 | 00,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
MQ Holding AB is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
