Stockmann
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 27 is higher than 51% 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. Notably, the Scope 3 emissions breakdown reveals substantial contributions from purchased goods and services (about 57,380,000 kg CO2e) and the use of sold products (approximately 27,405,000 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. This indicates a reduction in total emissions from 2022 to 2023, highlighting Stockmann's ongoing commitment to addressing its carbon footprint. Despite these reductions, Stockmann has not set specific science-based targets (SBTi) or documented reduction initiatives. The company has not disclosed any climate pledges or formal commitments to further reduce emissions, indicating a potential area for future improvement in their sustainability strategy. Overall, Stockmann's emissions data reflects a significant reliance on Scope 3 emissions, which are often the most challenging to manage, underscoring the importance of comprehensive strategies to mitigate climate impact across the entire value chain.
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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 |
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.
Stockmann is not participating in any of the initiatives that 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.
