In 2024, Cencosud Shopping 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).
Cencosud Shopping has also provided a category-level breakdown for 8 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 1,669a | 7,358a | 2,659a | |
Total Scope 2 | ||||
Market-Based | 430a | 304a | 2,280a | |
Location-Based | 10,749.07a | 11,778.94a | N/A | |
Unspecified Calculation Method | N/A | N/A | N/A | |
Total Scope 3 | 34,750a | 10,801a | 1,639a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 4.6965a | 20.5934a | 7.8602a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Cencosud Shopping amounted to 12,418.07 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).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Cencosud Shopping decreased by 35.11%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
In 2024, the total Scope 1 emissions of Cencosud Shopping were 1,669 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Cencosud Shopping's Scope 1 emissions have increased by 83%, reflecting a rising long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), Cencosud Shopping's Scope 1 emissions decreased by 77.32%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Cencosud Shopping reported Scope 2 greenhouse gas (GHG) emissions of 430 tCO₂e using the market-based method and 10,749.07 tCO₂e using the location-based method.a
Compared to the previous year (2023), Cencosud Shopping's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Cencosud Shopping's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, Cencosud Shopping reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Cencosud Shopping reported 34,750 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Cencosud Shopping includes a breakdown across 8 of the 15 Scope 3 categories defined by the GHG Protocol, up from 0 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
In 2024, Cencosud Shopping reported total Scope 3 emissions of 34,750 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 32.2% of these emissions originated from upstream activities such as purchased goods and capital goods, while 67.8% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2019, Cencosud Shopping's Scope 3 emissions have increased by 1,569.87%, reflecting a rising long-term trend in Scope 3 emissions over time.ab
Compared to the previous year (2023), Cencosud Shopping's Scope 3 emissions increased by 221.73%, suggesting that the company faced challenges in reducing emissions across its value chain.a
In 2024, Cencosud Shopping reported emissions for 8 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This partial disclosure allows for some insight into the company's indirect impacts.
In 2024, the largest contributors to Cencosud Shopping's Scope 3 emissions were:a
In 2024, Cencosud Shopping reported Scope 1 greenhouse gas (GHG) emissions of 1,669 tCO₂e and total revenues of USD 355 millions. This translates into an emissions intensity of 4.7 tCO₂e per millions USD.a
In 2024, Cencosud Shopping reported a Scope 1 emissions intensity of 4.7 tCO₂e per millions USD. Compared to the peer group median of 1.54, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Cencosud Shopping ranked 14 out of 21 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Cencosud Shopping is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Cencosud Shopping reported a total carbon footprint of 47,168.07 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 57.55% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Cencosud Shopping's total carbon footprint was Scope 3 emissions, accounting for 73.67% of the company's total carbon footprint, followed by Scope 2 emissions at 22.79%.a