Shopify
Shopify Inc., a leading e-commerce platform headquartered in Canada, empowers businesses of all sizes to create and manage their online stores. Founded in 2006, Shopify has rapidly evolved, becoming a key player in the global e-commerce industry, with significant operations across North America, Europe, and Asia. The platform offers a comprehensive suite of services, including website design, payment processing, and inventory management, distinguished by its user-friendly interface and extensive app ecosystem. Shopify's commitment to innovation has led to notable achievements, such as its successful IPO in 2015 and consistent recognition as a top choice for entrepreneurs. With millions of merchants relying on its robust solutions, Shopify continues to shape the future of online retail.
DitchCarbon Score
How does Shopify'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
Shopify's score of 42 is higher than 92% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Shopify's reported carbon emissions
In 2023, Shopify reported total carbon emissions of approximately 24,739,000 kg CO2e. This figure includes 681,000 kg CO2e from Scope 1 emissions, 1,698,000 kg CO2e from Scope 2 emissions, and a significant 20,370,000 kg CO2e from Scope 3 emissions, primarily attributed to business travel. The previous year, 2022, saw total emissions of about 30,322,000 kg CO2e, with Scope 1 at 2,841,000 kg CO2e, Scope 2 at 2,236,000 kg CO2e, and Scope 3 at 22,314,000 kg CO2e. This indicates a reduction in total emissions from 2022 to 2023. Shopify's emissions intensity metrics reveal a gross operational emissions intensity of approximately 0.0035 kg CO2e per USD of revenue in 2023, compared to 0.0054 kg CO2e per USD in 2022. The company has disclosed emissions data across all three scopes, demonstrating transparency in its climate impact. Despite the significant emissions figures, Shopify has not publicly committed to specific reduction targets or initiatives as part of its climate strategy. The absence of documented reduction targets suggests a need for further commitment to sustainability practices within the industry context.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 1,447,000 | 000,000 | 0,000,000 | 000,000 |
| Scope 2 | 493,000 | 000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 1,715,000 | 0,000,000 | 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.
Shopify 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.
