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 GHG Emissions Data Preview

In 2023, Marks and Spencer Group 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).

Marks and Spencer Group has also provided a category-level breakdown for 5 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
Market-Based
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Location-Based
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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 Marks and Spencer Group's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Marks and Spencer Group amounted to 363,000 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 Marks and Spencer Group decreased by 3.46%, showing that the company has made progress in taking action to reduce the climate impact of its operations.

Marks and Spencer Group's Scope 1 Emissions Over Time

20222023060 k120 k180 k240 ktCO2e-3%
  • Total Scope 1
  • Year-over-Year Change

What are Marks and Spencer Group's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Marks and Spencer Group were 226,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Compared to the previous year (2022), Marks and Spencer Group's Scope 1 emissions decreased by 3.42%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.

What are Marks and Spencer Group's Scope 2 emissions?

In 2023, Marks and Spencer Group reported Scope 2 greenhouse gas (GHG) emissions of 20,000 tCOâ‚‚e using the market-based method, and 137,000 tCOâ‚‚e using the location-based method.

Has Marks and Spencer Group reduced its Scope 2 emissions over time?

Compared to the previous year (2022), Marks and Spencer Group's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Marks and Spencer Group 's emissions have plateaued with no significant change in its energy consumption footprint.

What methodology does Marks and Spencer Group use for Scope 2 reporting?

In 2023, Marks and Spencer Group reported its Scope 2 emissions using the market-based method and using the location-based method.

Marks and Spencer Group's Scope 2 Emissions Over Time

20222023040 k80 k120 k160 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Marks and Spencer Group's Value Chain Emissions

In 2023, Marks and Spencer Group reported 5,200,000 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 Marks and Spencer Group includes a breakdown across 5 of the 15 Scope 3 categories defined by the GHG Protocol, up from 0 in 2022, reflecting improved emissions accounting practices and greater transparency across the company's value chain

Marks and Spencer Group's Scope 3 Emissions Over Time

202301.5 M3 M4.5 M6 MtCO2e
  • Total Scope 3
  • Year-over-Year Change

What are Marks and Spencer Group's Scope 3 emissions?

In 2023, Marks and Spencer Group reported total Scope 3 emissions of 5,200,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Approximately 95.96% of these emissions originated from upstream activities such as purchased goods and capital goods, while 4.04% came from downstream activities like product use, distribution, and end-of-life treatment.

What categories of Scope 3 emissions does Marks and Spencer Group disclose?

In 2023, Marks and Spencer Group reported emissions for 5 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 Marks and Spencer Group's Scope 3 emissions?

In 2023, the largest contributors to Marks and Spencer Group's Scope 3 emissions were:

  • Purchased Goods and Services (Cat. 1): 4,628,000 tCOâ‚‚e (89%)
  • Upstream Transportation and Distribution (Cat. 4): 312,000 tCOâ‚‚e (6%)
  • Franchises (Cat. 14): 104,000 tCOâ‚‚e (2%)

Marks and Spencer Group's Scope 3 Emissions by Categories

Purchased Goods andServices (Cat. 1)(89.0%)Franchises (Cat. 14)(2.0%)UpstreamTransportation andDistribution(Cat. 4)(6.0%)End-of-LifeTreatment of SoldProducts (Cat. 12)(2.0%)

Insights into Marks and Spencer Group's Total Carbon Footprint

In 2023, Marks and Spencer Group reported a total carbon footprint of 5,563,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 1,379.52% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.

The largest contributor to Marks and Spencer Group's total carbon footprint was Scope 3 emissions, accounting for 93.47% of the company's total carbon footprint, followed by Scope 1 emissions at 4.06%.