CECONOMY AG

Common Name
CECONOMY
Country
Germany
Sector
Consumer Cyclical
Industry
Specialty Retail
Employees
42,863
Ticker
CEC
Exchange
XETRA
Description
Ceconomy AG is a prominent German retail company specializing in consumer electronics. As the owner of the well-known MediaMarkt and Saturn retail chains, Ceconomy AG focuses on providing a wide range...

CECONOMY's Climate Target Data Preview

As of 2024, CECONOMY has disclosed 2 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 2 absolute reduction targets, signaling the company’s commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into CECONOMY ’s climate strategy, ambition level, and alignment with global decarbonization goals.

Target TypeScope of TargetUnitTargetTarget Year
Absolute-based Target*
Scope 3 - Purchased Goods and Services (Cat. 1), Scope 3 - Upstream Transportation and Distribution (Cat. 4), Scope 3 - Use of Sold Products (Cat. 11)
Metric Tonnes of CO2 equivalent (mtCO2e)
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2033
Absolute-based Target
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
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2033
* This target is limited in scope and does not represent the company's full operational or organizational boundaries

This table provides a simplified preview of selected climate targets 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 CECONOMY's Greenhouse Gas Emissions Pathways

As of 2024, CECONOMY has set greenhouse gas (GHG) emissions reduction targets that cover both its operational emissions (Scope 1 and 2) and value chain emissions (Scope 3), offering a comprehensive view of its total carbon footprint.

Does CECONOMY have a target to reduce the emissions from its operations?

As of 2024, CECONOMY has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources.

CECONOMY's most ambitious operational target is to reduce these emissions by 58.8% by 2033, compared to a baseline of 100,200 Metric Tonnes of CO2 equivalent (mtCO2e) in 2019.

As of 2023, CECONOMY is ahead of schedule on its operational emissions reduction target, having achieved 97.26% of the planned reduction.

CECONOMY's Operational (Scope 1+2) Emissions Pathway

201920232033030 k60 k90 k120 kBaselineCurrent (-57%)

Does CECONOMY have a target to reduce the emissions from its value chain?

As of 2024, CECONOMY has set a target to reduce its value chain greenhouse gas (GHG) emissions, covering 3 out of the 15 Scope 3 categories defined by the GHG Protocol.

CECONOMY's most ambitious value chain target is to reduce these emissions by 32.5% by 2033, compared to a baseline of 2,078,800 Metric Tonnes of CO2 equivalent (mtCO2e) in 2022.

Instead of reducing value chain emissions, CECONOMY has increased them, with 2023 levels exceeding those of the 2022 baseline, placing the company well behind its reduction target.

CECONOMY's Value Chain (Scope 3) Emissions Pathway

2022202320330550 k1.1 M1.65 M2.2 MCurrent (+0%)Target 2033 (-32%)
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