Public Profile

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.

42

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.

26

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.

92%

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Shopify's reported carbon emissions

In 2023, Shopify reported total carbon emissions of approximately 24,739,000 kg CO2e, a significant reduction from about 30,322,000 kg CO2e in 2022. The emissions breakdown for 2023 includes Scope 1 emissions of about 681,000 kg CO2e, Scope 2 emissions of approximately 1,698,000 kg CO2e, and Scope 3 emissions, primarily from business travel, at about 20,370,000 kg CO2e. Shopify's emissions have decreased notably over the years, with total emissions in 2020 at about 4,957,000 kg CO2e and 7,345,000 kg CO2e in 2021. This trend indicates a commitment to reducing their carbon footprint, although specific reduction targets or initiatives have not been disclosed. The company has also reported gross operational emissions intensity metrics, with approximately 0.0035 tCO2e per USD of revenue in 2023 and about 2,560 kg CO2e per employee. These figures reflect Shopify's ongoing efforts to improve sustainability practices while managing growth. Overall, Shopify's climate commitments and emissions data demonstrate a proactive approach to addressing climate change, although further details on specific reduction initiatives or targets would enhance their sustainability narrative.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

2020202120222023
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

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Shopify's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Shopify is in CA, which has a low grid carbon intensity relative to other regions.

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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers