Sotheby's Sustainability Profile
Sotheby's, officially known as Sotheby's Holdings, Inc., is a prestigious auction house headquartered in New York, USA. Founded in 1744, it has established itself as a leader in the global art market, with major operational regions across Europe, Asia, and the Americas. Specialising in fine art, antiques, and collectibles, Sotheby's offers a unique blend of live and online auctions, catering to a diverse clientele. With a rich history marked by significant milestones, Sotheby's has become synonymous with high-value sales, including record-breaking auctions in various categories. Its core services encompass appraisals, private sales, and art advisory, setting it apart through its expertise and extensive network. Renowned for its market position, Sotheby's continues to shape the art world, making it a trusted name for collectors and investors alike.
DitchCarbon Score
How does Sotheby's'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 Business Services 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
Sotheby's's score of 25 is lower than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
Sotheby's's reported carbon emissions
Sotheby's, headquartered in the US, currently does not report any specific carbon emissions data, as there are no available figures for kg CO2e emissions. Additionally, the company has not established any documented reduction targets or climate pledges. In the absence of emissions data, it is important to note that Sotheby's is actively engaged in climate initiatives, although specific details regarding these initiatives are not provided. As a member of the art and auction industry, Sotheby's is positioned within a sector increasingly focused on sustainability and reducing environmental impact. While no emissions data is cascaded from a parent company or related organisation, Sotheby's is expected to align with industry standards and practices in addressing climate change. The lack of specific targets or commitments highlights an opportunity for the company to enhance its climate strategy and contribute to broader sustainability goals within the sector.
How Carbon Intensive is Sotheby's's Industry?
How Carbon Intensive is Sotheby's's Location?
Sotheby's's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Sotheby's has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
