Spin Master
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 37 is higher than 79% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Spin Master's reported carbon emissions
In 2023, Spin Master reported total carbon emissions of approximately 78,109,000 kg CO2e. This figure includes 246,000 kg CO2e from Scope 1 emissions, 1,339,000 kg CO2e from Scope 2 emissions, and a significant 76,524,000 kg CO2e from Scope 3 emissions, which encompasses areas such as business travel and purchased goods and services. Over the years, Spin Master has demonstrated a notable reduction in emissions. From 2019 to 2023, total emissions decreased from approximately 173,952,000 kg CO2e to 78,109,000 kg CO2e, reflecting a substantial commitment to improving their environmental impact. In 2022, the company reported total emissions of about 62,079,500 kg CO2e, with Scope 1 emissions at 571,000 kg CO2e, Scope 2 at 1,265,000 kg CO2e, and Scope 3 at 60,245,000 kg CO2e. This indicates a continued trend of reducing emissions across all scopes. Despite these reductions, Spin Master has not publicly disclosed specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The absence of formal targets suggests that while the company is making progress in reducing emissions, it may benefit from establishing clear, measurable goals to further enhance its climate commitments. Overall, Spin Master's emissions data reflects a positive trajectory towards sustainability, with significant reductions achieved in recent years, particularly in Scope 3 emissions, which represent the majority of their carbon footprint.
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Add to project| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | - | 0,000,000 | 0,000,000 | 0,000,000 | 000,000 | 000,000 |
| Scope 2 | 4,996,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 153,976,000 | 000,000,000 | 00,000,000 | 00,000,000 | 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.
Spin Master 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.
