Ritual Technologies Inc. Sustainability Profile
Ritual Technologies Inc., commonly known as Ritual, is a leading player in the technology sector, headquartered in California. Founded in 2014, the company has rapidly established itself in the digital ordering and pickup space, primarily serving the food and beverage industry. Ritual's innovative platform streamlines the ordering process, allowing users to place orders in advance and skip queues, enhancing customer convenience. With a focus on improving the dining experience, Ritual offers unique features such as group ordering and loyalty rewards, setting it apart from competitors. The company has achieved significant milestones, including partnerships with numerous restaurants and cafes across major urban centres. As a result, Ritual has positioned itself as a trusted solution for both consumers and businesses, driving efficiency and customer satisfaction in the fast-paced food service market.
DitchCarbon Score
How does Ritual Technologies Inc.'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 Financial Intermediation 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
Ritual Technologies Inc.'s score of 69 is higher than 83% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Ritual Technologies Inc., headquartered in California, currently does not report specific carbon emissions data, as indicated by the absence of emissions figures. The company is a current subsidiary of Shopify Inc., which may influence its climate commitments and reporting practices. While Ritual Technologies Inc. has not established its own reduction targets or climate pledges, it is likely aligned with the sustainability initiatives of its parent company, Shopify Inc. Shopify has made significant strides in carbon reduction and sustainability, which may cascade down to Ritual Technologies Inc. through corporate family relationships. As of now, there are no specific emissions data or reduction initiatives reported for Ritual Technologies Inc., but the company may benefit from the broader climate strategies implemented by Shopify, including potential participation in industry-standard frameworks such as the Science Based Targets initiative (SBTi) and the Carbon Disclosure Project (CDP). In summary, while Ritual Technologies Inc. does not currently provide emissions data or specific climate commitments, its affiliation with Shopify Inc. suggests a potential alignment with robust sustainability practices in the tech industry.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 1,447,000 | 000,000 | 0,000,000 | 000,000 | 000,000 |
| Scope 2 | 493,000 | 000,000 | 0,000,000 | 0,000,000 | 000,000 |
| Scope 3 | 1,715,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
How Carbon Intensive is Ritual Technologies Inc.'s Industry?
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Ritual Technologies Inc.'s Scope 3 Categories Breakdown
Ritual Technologies Inc.'s Scope 3 emissions, which decreased by 16% last year and decreased by approximately 3% since 2020, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 71% of total emissions under the GHG Protocol, with "Employee Commuting" representing nearly all of their reported Scope 3 footprint.
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Ritual Technologies Inc.'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.
Ritual Technologies Inc. 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.
