In 2024, ETSY 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).
ETSY has also provided a category-level breakdown for 7 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 | 284a | 330a | 371a | |
Total Scope 2 | ||||
Market-Based | N/A | 0b | 0b | |
Location-Based | 926a | 813a | 542a | |
Total Scope 3 | 478,282a | 468,594a | 531,638a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.1011a | 0.1201a | 0.1446a |
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In 2024, the total operational greenhouse gas (GHG) emissions of ETSY amounted to 1,210 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 ETSY increased by 5.86%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of ETSY were 284 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, ETSY's Scope 1 emissions have decreased by 23.45%, reflecting a declining long-term trend in Scope 1 emissions over time.ad
Compared to the previous year (2023), ETSY's Scope 1 emissions decreased by 13.94%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, ETSY reported Scope 2 greenhouse gas (GHG) emissions of 926 tCO₂e using the location-based method.a
Since 2019, ETSY's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 50.19%, reflecting a declining long-term trend in Scope 2 emissions over time.ad
Compared to the previous year (2023), ETSY's Scope 2 emissions (Location-Based) rose by 13.9% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya
In 2024, ETSY reported its Scope 2 emissions using the location-based method.a
In 2024, ETSY reported 478,282 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 ETSY includes a breakdown across 7 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
In 2024, ETSY reported total Scope 3 emissions of 478,282 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 98.43% of these emissions originated from upstream activities such as purchased goods and capital goods, while 1.57% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2019, ETSY's Scope 3 emissions have increased by 206.66%, reflecting a rising long-term trend in Scope 3 emissions over time.ac
Compared to the previous year (2023), ETSY's Scope 3 emissions remained relatively stable, indicating that ETSY's emissions have plateaued with no significant change in its value chain footprint.a
In 2024, ETSY reported emissions for 7 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 ETSY's Scope 3 emissions were:a
In 2024, ETSY reported Scope 1 greenhouse gas (GHG) emissions of 284 tCO₂e and total revenues of USD 2,809 millions. This translates into an emissions intensity of 0.1 tCO₂e per millions USD.a
In 2024, ETSY reported a Scope 1 emissions intensity of 0.1 tCO₂e per millions USD. Compared to the peer group median of 0.54, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, ETSY ranked 7 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
ETSY is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, ETSY reported a total carbon footprint of 479,492 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 2.08% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to ETSY's total carbon footprint was Scope 3 emissions, accounting for 99.75% of the company's total carbon footprint, followed by Scope 2 emissions at 0.19%.a