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Shopify Inc., a leading name in financial intermediation services, is headquartered in Canada and operates extensively across North America and Europe. Founded in 2006, Shopify has revolutionised the e-commerce landscape by providing a robust platform that empowers businesses to create and manage their online stores seamlessly.
Specialising in payment processing, merchant services, and e-commerce solutions, Shopify stands out for its user-friendly interface and extensive app ecosystem, catering to businesses of all sizes. The company has achieved significant milestones, including its IPO in 2015 and consistent recognition as a top player in the e-commerce sector. With a strong market position, Shopify continues to innovate, making it a preferred choice for entrepreneurs and established brands alike.
+2 vs industry average
Shopify’s score of 39 is higher than 54% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Financial Intermediation is among the least carbon-intensive industries
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Scope 3 accounts for ••• of total emissions.
Shopify, with its HQ in CA and operating in the Financial intermediation services industry, reported total carbon emissions of approximately 27,856,000 kg CO2e in 2025. This includes about 1,722,000 kg CO2e for Scope 2 (market-based) emissions and around 20,924,000 kg CO2e from Scope 3 business travel, alongside approximately 4,243,000 kg CO2e for employee commute. For 2024, total emissions were roughly 28,524,000 kg CO2e, comprising about 1,522,000 kg CO2e for Scope 2 (market-based) and approximately 21,959,000 kg CO2e from Scope 3 business travel, plus about 4,045,000 kg CO2e from employee commute. In 2023, total emissions stood at roughly 28,470,000 kg CO2e, with Scope 2 (market-based) at approximately 2,847,000 kg CO2e and Scope 3 business travel at around 20,370,000 kg CO2e, in addition to about 4,109,000 kg CO2e from employee commute.
Prior to these years, in 2022, Shopify's total emissions were approximately 30,322,000 kg CO2e, including around 2,841,000 kg CO2e from Scope 1 stationary combustion, roughly 2,236,000 kg CO2e from Scope 2 purchased electricity, and about 2,931,000 kg CO2e from Scope 3 employee commute. In 2021, total emissions were around 7,345,000 kg CO2e, with approximately 701,000 kg CO2e from Scope 1, about 356,000 kg CO2e from Scope 2, and roughly 4,183,000 kg CO2e from Scope 3 business travel. For 2020, total emissions were approximately 4,957,000 kg CO2e, consisting of about 1,447,000 kg CO2e from Scope 1, roughly 493,000 kg CO2e from Scope 2, and around 1,715,000 kg CO2e from Scope 3 business travel. The company has disclosed Scope 2 and 3 emissions for 2023, 2024 and 2025, and Scope 1, 2, and 3 emissions for 2020, 2021 and 2022. Notably, Scope 3 data for "purchased goods and services" is missing across all reported years. Shopify Inc. is the source organization for its CDP and organizational performance data.
No climate goals have been disclosed for Shopify yet.
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