Canadian Tire Corporation Ltd

Common Name
Canadian Tire
Country
Canada
Sector
Consumer Cyclical
Industry
Specialty Retail
Employees
13,973
Ticker
CTC.A
Exchange
TORONTO STOCK EXCHANGE
Description
Canadian Tire Corporation, Limited is a prominent retail company based in Canada, specializing in a diverse range of automotive, home, and leisure products. Founded in 1922, this corporation has grown...

Canadian Tire's GHG Emissions Data Preview

In 2023, Canadian Tire completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

Canadian Tire has also provided a category-level breakdown for 10 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Total Scope 3
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This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Canadian Tire's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Canadian Tire amounted to 91,324 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).

Compared to 2022, the total operational greenhouse gas (GHG) emissions of Canadian Tire decreased by 4.25%, showing that the company has made progress in taking action to reduce the climate impact of its operations.

Canadian Tire's Scope 1 Emissions Over Time

20222023020 k40 k60 k80 ktCO2e-8%
  • Total Scope 1
  • Year-over-Year Change

What are Canadian Tire's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Canadian Tire were 60,883 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Compared to the previous year (2022), Canadian Tire's Scope 1 emissions decreased by 8.17%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.

What are Canadian Tire's Scope 2 emissions?

In 2023, Canadian Tire reported Scope 2 greenhouse gas (GHG) emissions of 31,512 tCOâ‚‚e using the market-based method and 30,441 tCOâ‚‚e using the location-based method.

Has Canadian Tire reduced its Scope 2 emissions over time?

Compared to the previous year (2022), Canadian Tire's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Canadian Tire 's emissions have plateaued with no significant change in its energy consumption footprint.

What methodology does Canadian Tire use for Scope 2 reporting?

In 2023, Canadian Tire reported its Scope 2 emissions using the market-based method and using the location-based method.

Canadian Tire's Scope 2 Emissions Over Time

2022202308 k16 k24 k32 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Canadian Tire's Value Chain Emissions

In 2023, Canadian Tire reported 6,493,682 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

The 2023 disclosure of Canadian Tire includes a breakdown across 10 of the 15 Scope 3 categories defined by the GHG Protocol, up from 8 in 2022, reflecting improved emissions accounting practices and greater transparency across the company's value chain

Canadian Tire's Scope 3 Emissions Over Time

2022202302 M4 M6 M8 MtCO2e+79%
  • Total Scope 3
  • Year-over-Year Change

What are Canadian Tire's Scope 3 emissions?

In 2023, Canadian Tire reported total Scope 3 emissions of 6,493,682 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Approximately 43.93% of these emissions originated from upstream activities such as purchased goods and capital goods, while 56.07% came from downstream activities like product use, distribution, and end-of-life treatment.

Compared to the previous year (2022), Canadian Tire's Scope 3 emissions increased by 79.27%, suggesting that the company faced challenges in reducing emissions across its value chain.

What categories of Scope 3 emissions does Canadian Tire disclose?

In 2023, Canadian Tire reported emissions for 10 out of the 15 Scope 3 categories defined by the GHG Protocol.

This reflects a high level of granularity and transparency in the company's emissions reporting.

What are the main sources of Canadian Tire's Scope 3 emissions?

In 2023, the largest contributors to Canadian Tire's Scope 3 emissions were:

  • Use of Sold Products (Cat. 11): 3,511,028 tCOâ‚‚e (54.07%)
  • Purchased Goods and Services (Cat. 1): 2,673,513 tCOâ‚‚e (41.17%)
  • Upstream Transportation and Distribution (Cat. 4): 155,390 tCOâ‚‚e (2.39%)

Canadian Tire's Scope 3 Emissions by Categories

Use of Sold Products(Cat. 11)(54.1%)UpstreamTransportation andDistribution(Cat. 4)(2.4%)Purchased Goods andServices (Cat. 1)(41.2%)

Insights into Canadian Tire's Total Carbon Footprint

In 2023, Canadian Tire reported a total carbon footprint of 6,585,006 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 77.13% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.

The largest contributor to Canadian Tire's total carbon footprint was Scope 3 emissions, accounting for 98.61% of the company's total carbon footprint, followed by Scope 1 emissions at 0.92%.

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