Farfetch Sustainability Profile
Farfetch Limited, commonly known as Farfetch, is a leading global online luxury fashion platform headquartered in London, GB. Founded in 2007, Farfetch has revolutionised the luxury retail landscape by connecting consumers with a curated selection of high-end fashion from boutiques and brands worldwide. Operating in key markets across Europe, North America, and Asia, Farfetch offers a unique marketplace that features an extensive range of designer clothing, accessories, and footwear. Its innovative approach to e-commerce, including exclusive collaborations and a focus on sustainability, sets it apart in the competitive luxury sector. With a strong market position, Farfetch has achieved significant milestones, including partnerships with renowned fashion houses and a robust logistics network, solidifying its reputation as a go-to destination for luxury shoppers seeking both variety and authenticity.
DitchCarbon Score
How does Farfetch'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 Computer 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
Farfetch's score of 34 is higher than 57% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Farfetch's reported carbon emissions
In 2021, Farfetch reported total carbon emissions of approximately 415,956,000 kg CO2e. This figure includes 1,238,000 kg CO2e from Scope 1 emissions, 3,224,000 kg CO2e from Scope 2 emissions (market-based), and a significant 411,494,000 kg CO2e from Scope 3 emissions, which primarily stem from purchased goods and services (223,915,000 kg CO2e) and downstream transportation and distribution (153,227,000 kg CO2e). Farfetch has set ambitious climate commitments, aiming to reduce its absolute Scope 1 and 2 greenhouse gas emissions by 42% by 2030, using 2020 as the baseline year. Additionally, the company plans for 70% of its suppliers, measured by emissions related to purchased goods and services and upstream transportation and distribution, to establish science-based targets by 2026. These targets align with the Science Based Targets initiative (SBTi) and are designed to support efforts to limit global warming to 1.5°C. The company's emissions data and climate commitments reflect its proactive approach to sustainability within the retail sector, headquartered in the United Kingdom.
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| 2019 | 2020 | 2021 | |
|---|---|---|---|
| Scope 1 | 623,000 | 000,000 | 0,000,000 |
| Scope 2 | 2,642,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 308,077,000 | 000,000,000 | 000,000,000 |
How Carbon Intensive is Farfetch's Industry?
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Farfetch's Scope 3 Categories Breakdown
Farfetch's Scope 3 emissions, which increased by 20% last year and increased by approximately 34% since 2019, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 54% of Scope 3 emissions.
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Farfetch'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.
Farfetch 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.
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Frequently Asked Questions
Common questions about Farfetch's sustainability data and climate commitments