Spin Master Sustainability Profile
Spin Master Ltd., headquartered in Canada, is a leading global toy and entertainment company renowned for its innovative products and engaging experiences. Founded in 1994, Spin Master has achieved significant milestones, including the launch of iconic brands such as PAW Patrol, Hatchimals, and Air Hogs, which have captivated children and families worldwide. Operating in the toy industry, Spin Master excels in various business areas, including plush toys, games, and interactive entertainment. Their commitment to creativity and quality sets them apart, making their offerings unique in a competitive market. With a strong presence in North America, Europe, and Asia, Spin Master has solidified its position as a top player in the industry, consistently delivering award-winning products that inspire imaginative play.
DitchCarbon Score
How does Spin Master'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
Spin Master's score of 58 is higher than 76% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Spin Master's reported carbon emissions
In 2024, Spin Master reported total carbon emissions of approximately 99,000,000 kg CO2e, with emissions distributed across Scope 1, 2, and 3. Specifically, Scope 1 emissions were about 18,000 kg CO2e, while Scope 2 emissions totalled approximately 3,566,000 kg CO2e. The majority of emissions stemmed from Scope 3, which accounted for about 97,714,000 kg CO2e, including significant contributions from purchased goods and services (approximately 74,724,000 kg CO2e) and upstream transportation and distribution (about 19,722,000 kg CO2e). In 2023, Spin Master’s emissions were slightly lower, with total emissions of around 70,759,000 kg CO2e. This included Scope 1 emissions of about 210,000 kg CO2e and Scope 2 emissions of approximately 1,542,000 kg CO2e. The Scope 3 emissions for that year were approximately 70,759,000 kg CO2e, indicating a substantial reliance on upstream activities. Spin Master has set ambitious climate commitments, aiming for a 70% reduction in Scope 1 and 2 emissions by 2030, with a long-term goal of achieving net zero for these scopes by 2050. For Scope 3 emissions, the company targets an 85% reduction in waste generated in owned and leased facilities by 2025, with a vision of zero waste in these facilities by 2035. These targets are absolute, using 2019 as the baseline year. The data presented is not cascaded from any parent organization, and all figures are sourced directly from Spin Master Corp.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 2,566,000 | 0,000,000 | 0,000,000 | 000,000 | 000,000 | 00,000 |
| Scope 2 | 2,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 169,386,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Spin Master's Industry?
How Carbon Intensive is Spin Master's Location?
Spin Master's Scope 3 Categories Breakdown
Spin Master's Scope 3 emissions, which increased by 38% last year and decreased by approximately 42% since 2019, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 76% of Scope 3 emissions.
Top Scope 3 Categories
Spin Master'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.
Spin Master 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.
