MQ Holding AB Sustainability Profile
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 70% 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 from Scope 1, 230,000 kg CO2e from Scope 2, and 13,096,000 kg CO2e from Scope 3. This represents a decrease in emissions from 2023, where total emissions were about 11,433,000 kg CO2e, comprising 44,000 kg CO2e from Scope 1, 434,000 kg CO2e from Scope 2, and 11,433,000 kg CO2e from Scope 3. In 2022, the company reported total emissions of approximately 15,556,000 kg CO2e, with Scope 1 emissions at 56,000 kg CO2e, Scope 2 at 267,000 kg CO2e, and Scope 3 at 15,556,000 kg CO2e. Despite these figures, MQ Holding AB has not set specific reduction targets or climate pledges, indicating a potential area for future commitment. The emissions data is not cascaded from any parent organisation, and all figures are reported directly from MQ Holding AB.
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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 |
How Carbon Intensive is MQ Holding AB's Industry?
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MQ Holding AB'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.
MQ Holding AB 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.
