Stockmann

Stockmann, a retail trade services company headquartered in Finland, reported total carbon emissions of approximately 260,892,000 kg CO2e in 2023. This includes Scope 1 emissions of 446,000 kg CO2e, Scope 2 emissions of 20,648,000 kg CO2e (market-based), and Scope 3 emissions of 239,798,000 kg CO2e. Key contributors to Scope 3 emissions in 2023 were purchased goods and services (168,008,000 kg CO2e) and downstream transportation and distribution (32,660,000 kg CO2e).

Looking back, Stockmann's total emissions have shown a downward trend since 2022, when they were approximately 296,148,000 kg CO2e. In 2021, total emissions were approximately 299,162,000 kg CO2e. However, data from 2020 and earlier years show significantly lower total emissions, for example, 33,704,000 kg CO2e in 2020, but with substantial missing data points for Scope 3 categories such as purchased goods and services, and upstream transportation and distribution, which likely accounts for the difference.

Stockmann is committed to becoming carbon neutral in its own operations by 2030. As part of its decarbonisation efforts, the company makes annual action plans and monitors their execution. In 2024, the company achieved a 50% reduction in GHG emissions (50,163 tonnes CO2e) compared to a 2019-2021 baseline, aligning with its carbon neutrality pathway. Their 2024 efforts focused on low- and medium-cost measures, including purchasing green electricity, utilising low-emission company vehicles, and reducing R&D and factory engine testing time.