Stockmann Sustainability Profile
Stockmann plc, commonly known as Stockmann, is a prominent Finnish retail company headquartered in Helsinki, Finland. Established in 1862, Stockmann has evolved into a key player in the retail industry, primarily operating in Finland and the Baltic region. The company is renowned for its department stores, which offer a diverse range of products, including fashion, beauty, home goods, and gourmet food. With a commitment to quality and customer service, Stockmann distinguishes itself through its unique product offerings and exclusive brands. Over the years, the company has achieved significant milestones, including the expansion of its online presence and the revitalisation of its flagship store in Helsinki. As a market leader, Stockmann continues to adapt to changing consumer preferences while maintaining its reputation for excellence in retail.
DitchCarbon Score
How does Stockmann'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 Retail Trade 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
Stockmann's score of 39 is higher than 60% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Stockmann's reported carbon emissions
In 2023, Stockmann reported total carbon emissions of approximately 261,000,000 kg CO2e. This figure includes Scope 1 emissions of about 446,000 kg CO2e, Scope 2 emissions of approximately 20,648,000 kg CO2e, and significant Scope 3 emissions totalling around 239,798,000 kg CO2e. Within Scope 3, the largest contributors were purchased goods and services (about 57,380,000 kg CO2e) and downstream transportation and distribution (approximately 32,625,000 kg CO2e). Comparatively, in 2022, Stockmann's total emissions were about 283,719,000 kg CO2e, with Scope 1 at 223,000 kg CO2e and Scope 2 at 12,206,000 kg CO2e. The data indicates a reduction in total emissions from 2022 to 2023, primarily driven by a decrease in Scope 3 emissions. Stockmann has not set specific science-based targets (SBTi) for emissions reduction, nor have they made any formal climate pledges. The company is currently focused on understanding and managing its carbon footprint without cascading data from a parent or related organization. Overall, Stockmann's commitment to reducing its carbon emissions reflects a growing awareness of climate impact, although specific reduction initiatives or targets have not been disclosed.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 748,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 28,430,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 10,160,000 | 0,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
How Carbon Intensive is Stockmann's Industry?
How Carbon Intensive is Stockmann's Location?
Stockmann's Scope 3 Categories Breakdown
Stockmann's Scope 3 emissions, which decreased by 15% last year and increased significantly since 2019, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 24% of Scope 3 emissions.
Top Scope 3 Categories
Stockmann'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.
Stockmann 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.
