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 20 is higher than 89% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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. Comparatively, in 2022, Shopify's total emissions were about 30,322,000 kg CO2e, indicating a reduction in emissions over the year. The breakdown for 2022 included 2,841,000 kg CO2e from Scope 1, 2,236,000 kg CO2e from Scope 2, and 22,314,000 kg CO2e from Scope 3. Shopify's emissions have fluctuated over the years, with total emissions recorded at approximately 7,345,000 kg CO2e in 2021 and 4,957,000 kg CO2e in 2020. The company has not publicly disclosed specific reduction targets or initiatives as part of its climate commitments, which may limit its ability to demonstrate a structured approach to reducing its carbon footprint. Overall, while Shopify has made strides in reducing its emissions, particularly from 2022 to 2023, the absence of formal reduction targets suggests a need for more defined climate action strategies moving forward.
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Add to project| 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 committed to any reduction initiatives 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.
