Studio Retail Group plc
Studio Retail Group plc, commonly known as Studio, is a prominent player in the UK retail sector, headquartered in Great Britain. Founded in 1962, the company has evolved significantly, establishing itself as a leading online retailer specialising in a diverse range of products, including fashion, homeware, and electronics. With a strong operational presence across the UK, Studio is renowned for its unique offering of flexible payment options, catering to a broad customer base. The company has achieved notable milestones, including a robust online platform that enhances customer experience and engagement. Studio Retail Group plc stands out in the competitive retail landscape, consistently delivering quality products and exceptional service, solidifying its position as a trusted name in the industry.
DitchCarbon Score
How does Studio Retail Group plc'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
Studio Retail Group plc's score of 25 is higher than 81% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Studio Retail Group plc's reported carbon emissions
In 2022, Studio Retail Group plc reported total carbon emissions of approximately 3,109,947,000 kg CO2e globally, with significant contributions from Scope 1, Scope 2, and Scope 3 emissions. Specifically, Scope 1 emissions were about 42,816,000 kg CO2e, while Scope 2 emissions totalled approximately 6,379,000 kg CO2e (market-based) and 47,334,000 kg CO2e (location-based). The majority of their emissions, approximately 3,019,997,000 kg CO2e, were classified under Scope 3, which includes emissions from the supply chain and product use. Studio Retail Group has set ambitious climate commitments, aiming to reduce its Scope 1 and Scope 2 greenhouse gas emissions by 46% by 2030, using 2019 as the base year. This target has been validated by the Science Based Targets initiative (SBTi) and aligns with the goal of limiting global warming to 1.5°C. The company also plans to measure and address its Scope 3 emissions, reflecting a comprehensive approach to climate action. Overall, Studio Retail Group is actively working towards significant reductions in its carbon footprint, demonstrating a commitment to sustainability within the retail sector.
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| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Scope 1 | 85,000 | 00,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 5,744,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - | 0,000,000,000 |
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.
Studio Retail Group plc is committed to some 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.
