GS Retail Co Ltd

Common Name
GS Retail
Country
South Korea
Sector
Consumer Cyclical
Industry
Department Stores
Employees
5,957
Ticker
007070
Exchange
KOREA EXCHANGE
Description
GS Retail Co., Ltd. operates as a major player in the retail industry, headquartered in Seoul, South Korea. As a part of the broader GS Group, it specializes in managing convenience stores under the b...

GS Retail's GHG Emissions Data Preview

In 2023, GS Retail 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).

GS Retail has also provided a category-level breakdown for 6 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
Unspecified Calculation Method
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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 GS Retail's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of GS Retail amounted to 59,109.24 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 GS Retail decreased by 9.96%, showing that the company has made progress in taking action to reduce the climate impact of its operations.

GS Retail's Scope 1 Emissions Over Time

202020212022202309001.8 k2.7 k3.6 ktCO2e+75%+129%-39%
  • Total Scope 1
  • Year-over-Year Change

What are GS Retail's Scope 1 emissions?

In 2023, the total Scope 1 emissions of GS Retail were 2,117.54 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has GS Retail reduced its Scope 1 emissions over time?

Since 2020, GS Retail's Scope 1 emissions have increased by 144.27%, reflecting a rising long-term trend in Scope 1 emissions over time.

Compared to the previous year (2022), GS Retail's Scope 1 emissions decreased by 38.98%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.

What are GS Retail's Scope 2 emissions?

In 2023, GS Retail reported Scope 2 greenhouse gas (GHG) emissions of 56,991.7 tCOâ‚‚e without specifying the calculation method.

Has GS Retail reduced its Scope 2 emissions over time?

Since 2020, GS Retail's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have remained relatively stable, indicating that GS Retail 's emissions have plateaued with no significant change in its energy consumption footprint.

Compared to the previous year (2022), GS Retail's Scope 2 emissions (Unspecified Calculation Method) have remained relatively stable, indicating that GS Retail 's emissions have plateaued with no significant change in its energy consumption footprint.

What methodology does GS Retail use for Scope 2 reporting?

In 2023, GS Retail reported its Scope 2 emissions using an unspecified methodology.

GS Retail's Scope 2 Emissions Over Time

2020202120222023020 k40 k60 k80 ktCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into GS Retail's Value Chain Emissions

In 2023, GS Retail reported 605,674.4 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 GS Retail includes a breakdown across 6 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year.

GS Retail's Scope 3 Emissions Over Time

20202021202220230200 k400 k600 k800 ktCO2e+8%+4%+8%
  • Total Scope 3
  • Year-over-Year Change

What are GS Retail's Scope 3 emissions?

In 2023, GS Retail reported total Scope 3 emissions of 605,674.4 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Approximately 1.53% of these emissions originated from upstream activities such as purchased goods and capital goods, while 98.47% came from downstream activities like product use, distribution, and end-of-life treatment.

Has GS Retail reduced its Scope 3 emissions over time?

Since 2020, GS Retail's Scope 3 emissions have increased by 21.36%, reflecting a rising long-term trend in Scope 3 emissions over time.

Compared to the previous year (2022), GS Retail's Scope 3 emissions remained relatively stable, indicating that GS Retail 's emissions have plateaued with no significant change in its value chain footprint.

What categories of Scope 3 emissions does GS Retail disclose?

In 2023, GS Retail reported emissions for 6 out of the 15 Scope 3 categories defined by the GHG Protocol.

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of GS Retail's Scope 3 emissions?

In 2023, the largest contributors to GS Retail's Scope 3 emissions were:

  • Franchises (Cat. 14): 596,338.24 tCOâ‚‚e (98.46%)
  • Fuel- and Energy-Related Services (Cat. 3): 4,535.64 tCOâ‚‚e (0.75%)
  • Waste Generated in Operations (Cat. 5): 3,205.3 tCOâ‚‚e (0.53%)

GS Retail's Scope 3 Emissions by Categories

Franchises (Cat. 14)(98.5%)

Insights into GS Retail's Total Carbon Footprint

In 2023, GS Retail reported a total carbon footprint of 664,783.64 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 5.82% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.

The largest contributor to GS Retail's total carbon footprint was Scope 3 emissions, accounting for 91.11% of the company's total carbon footprint, followed by Scope 2 emissions at 8.57%.