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.
+7 vs industry average
Shopify’s score of 42 is higher than 59% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has increased its overall emissions by 11% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Shopify's reported carbon emissions
In 2024, Shopify reported total carbon emissions of approximately 24.3 million kg CO2e. This figure includes Scope 1 emissions of about 360,000 kg CO2e, Scope 2 emissions of approximately 319,000 kg CO2e, and Scope 3 emissions of around 1.7 million kg CO2e, primarily from employee commuting. Comparatively, in 2023, Shopify's total emissions were about 24.7 million kg CO2e, with Scope 1 at approximately 681,000 kg CO2e, Scope 2 at around 1.7 million kg CO2e, and Scope 3 emissions reaching about 2 million kg CO2e. This indicates a slight reduction in total emissions year-on-year. Shopify has not set specific reduction targets through the Science Based Targets initiative (SBTi) or other formal climate pledges. However, the company is actively engaged in sustainability efforts, as evidenced by its transparency in reporting emissions data and its commitment to reducing its carbon footprint. The emissions data is sourced directly from Shopify Inc., with no cascading from a parent or related organization. The company is headquartered in Canada (CA) and continues to focus on improving its environmental impact through various initiatives.
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Shopify’s Climate Goals (2030 & 2050)
No climate goals have been disclosed for Shopify yet.
Scope 3 top emissions categories
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Emissions comparison with industry peers
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