In 2024, QVC 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).
QVC Group has also provided a category-level breakdown for 2 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 | 12,277a | 11,085a | 12,386a | |
Total Scope 2 | ||||
Location-Based | 38,125a | 40,377b | 46,019b | |
Total Scope 3 | 631,176a | 731,188a | 2,597,782a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 1.2232a | 1.0156a | 1.0231a |
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In 2024, the total operational greenhouse gas (GHG) emissions of QVC Group amounted to 50,402 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 QVC Group decreased by 2.06%, showing that the company has made progress in taking action to reduce the climate impact of its operations.ab
In 2024, the total Scope 1 emissions of QVC Group were 12,277 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, QVC Group's Scope 1 emissions have decreased by 1.51%, reflecting a declining long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2023), QVC Group's Scope 1 emissions increased by 10.75%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, QVC Group reported Scope 2 greenhouse gas (GHG) emissions of 38,125 tCO₂e using the location-based method.a
Since 2019, QVC Group's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 41.88%, reflecting a declining long-term trend in Scope 2 emissions over time.ab
Compared to the previous year (2023), QVC Group's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that QVC Group's emissions have plateaued with no significant change in its energy consumption footprint.ab
In 2024, QVC Group reported its Scope 2 emissions using the location-based method.a
In 2024, QVC Group reported 631,176 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 QVC Group includes a breakdown across 2 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, QVC Group reported total Scope 3 emissions of 631,176 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment.a
Compared to the previous year (2023), QVC Group's Scope 3 emissions decreased by 13.68%, highlighting the company's efforts to lower indirect emissions from its value chain.a
In 2024, QVC Group reported emissions for 2 out of the 15 Scope 3 categories defined by the GHG Protocol.a
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
In 2024, the largest contributors to QVC Group's Scope 3 emissions were:a
In 2024, QVC Group reported Scope 1 greenhouse gas (GHG) emissions of 12,277 tCO₂e and total revenues of USD 10,037 millions. This translates into an emissions intensity of 1.22 tCO₂e per millions USD.a
In 2024, QVC Group reported a Scope 1 emissions intensity of 1.22 tCO₂e per millions USD. Compared to the peer group median of 0.51, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, QVC Group ranked 19 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
QVC Group is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, QVC Group reported a total carbon footprint of 681,578 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 12.91% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.ab
The largest contributor to QVC Group's total carbon footprint was Scope 3 emissions, accounting for 92.61% of the company's total carbon footprint, followed by Scope 2 emissions at 5.59%.a