Marks and Spencer Group PLC

Common Name
Marks and Spencer Group
Country
United Kingdom
Sector
Consumer Cyclical
Industry
Department Stores
Employees
64,000
Ticker
MKS
Exchange
LONDON STOCK EXCHANGE
Description
Marks & Spencer Group plc is a leading British multinational retailer known for its strong presence in the clothing, home goods, and food sectors. Established in 1884, the company has a rich history o...

Marks and Spencer Group's Climate Target Data Preview

As of 2024, Marks and Spencer Group has disclosed 3 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 3 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 Marks and Spencer Group ’s climate strategy, ambition level, and alignment with global decarbonization goals.

Target TypeScope of TargetUnitTargetTarget Year
Absolute-based Target
Scope 1 - Total, Scope 2 - Total, Scope 3 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
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2026
Absolute-based Target
Scope 3 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
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2030
Absolute-based Target
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
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2030

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 Marks and Spencer Group's Greenhouse Gas Emissions Pathways

As of 2024, Marks and Spencer Group 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 Marks and Spencer Group have a target to reduce the emissions from its operations?

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

Marks and Spencer Group's most ambitious operational target is to reduce these emissions by 55% by 2030, compared to a baseline of 536,000 Metric Tonnes of CO2 equivalent (mtCO2e) in 2017.

As of 2024, Marks and Spencer Group is ahead of schedule on its operational emissions reduction target, having achieved 59.36% of the planned reduction.

Marks and Spencer Group's Operational (Scope 1+2) Emissions Pathway

2017202420300150 k300 k450 k600 kBaselineCurrent (-33%)Target 2030 (-55%)

Does Marks and Spencer Group have a target to reduce the emissions from its value chain?

As of 2024, Marks and Spencer Group has set a target to reduce its value chain greenhouse gas (GHG) emissions, covering 1 out of the 15 Scope 3 categories defined by the GHG Protocol.

Marks and Spencer Group's most ambitious value chain target is to reduce these emissions by 55% by 2030, compared to a baseline of 5,000,000 Metric Tonnes of CO2 equivalent (mtCO2e) in 2017.

Instead of reducing value chain emissions, Marks and Spencer Group has increased them, with 2023 levels exceeding those of the 2017 baseline, placing the company well behind its reduction target.

Marks and Spencer Group's Value Chain (Scope 3) Emissions Pathway

20172023203001.5 M3 M4.5 M6 MCurrent (+8%)Target 2030 (-55%)

Does Marks and Spencer Group have a target to reduce its total carbon footprint?

As of 2024, Marks and Spencer Group has set a target to reduce its total carbon footprint, specifically those from Scope 1, Scope 2 and Scope 3 sources.

Marks and Spencer Group's most ambitious carbon footprint target is to reduce its scope 1, 2 and 3 emissions from a baseline of 5,536,000 Metric Tonnes of CO2 equivalent (mtCO2e) in 2017, by 34% by 2026.

Instead of reducing total carbon footprint, Marks and Spencer Group has increased them, with 2023 levels exceeding those of the 2017 baseline, placing the company well behind its reduction target.

Marks and Spencer Group's Carbon Footprint (Scope 1+2+3) Emissions Pathway

20172023202601.5 M3 M4.5 M6 MCurrent (+3%)Target 2026 (-34%)
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