Studio Retail Group plc Sustainability Profile
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 29 is higher than 50% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
Studio Retail Group plc's reported carbon emissions
In 2021, Studio Retail Group plc reported an intensity ratio of approximately 0.009129 gross tonnes CO2e per £1 million in revenue, with a revenue of about $798 million. For 2020, the intensity ratio was approximately 0.006521 gross tonnes CO2e per £1 million in revenue, with a revenue of about $540 million. However, specific absolute emissions data for Scope 1, Scope 2, and Scope 3 are not disclosed. The company 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 was approved through the Science Based Targets initiative (SBTi) and is aligned with the goal of limiting global warming to 1.5°C. Additionally, Studio Retail Group plc is committed to measuring and reducing its Scope 3 emissions, although specific targets for these emissions have not been detailed. As a small to medium-sized enterprise (SME) based in the UK, Studio Retail Group plc's climate initiatives reflect a growing trend within the retail sector to address carbon emissions and enhance sustainability practices.
How Carbon Intensive is Studio Retail Group plc's Industry?
How Carbon Intensive is Studio Retail Group plc's Location?
Studio Retail Group plc'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.
Studio Retail Group plc has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
Darty Limited
Very
Sainsbury's
Shopify
Frequently Asked Questions
Common questions about Studio Retail Group plc's sustainability data and climate commitments