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Shinsegae Inc
Shinsegae's GHG Emissions Data Preview
In 2024, Shinsegae 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).
Shinsegae has also provided a category-level breakdown for 3 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Unspecified Calculation Method | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
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aVerified Sources Behind Shinsegae’s Greenhouse Gas (GHG) Emissions Data
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Insights into Shinsegae's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofShinsegae amounted to184,867metric 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 Shinsegaeincreased by 48.17%, suggesting that the company faced challenges in reducing its emissions from its core operations.ab
Shinsegae's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Shinsegae's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Shinsegae were 20,244 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has Shinsegae reduced its Scope 1 emissions over time?
Since 2021, Shinsegae's Scope 1 emissions have increased by 60.09%, reflecting a rising long-term trend in Scope 1 emissions over time.ab
Compared to the previous year(2023), Shinsegae's Scope 1 emissions increased by 33.55%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.ab
What are Shinsegae's Scope 2 emissions?
In 2024, Shinsegae reported Scope 2 greenhouse gas (GHG) emissions of 164,623 tCOâ‚‚e without specifying the calculation method.a
Has Shinsegae reduced its Scope 2 emissions over time?
Since 2021, Shinsegae's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method)have increased by 54.8%, reflecting a rising long-term trend in Scope 2 emissions over time.ab
Compared to the previous year(2023), Shinsegae's Scope 2 emissions(Unspecified Calculation Method) rose by 50.19% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya
What methodology does Shinsegae use for Scope 2 reporting?
In 2024, Shinsegae reported its Scope 2 emissions using an unspecified methodology.a
Shinsegae's Scope 2 Emissions Over Time
- Total Scope 2 (Unspecified Calculation Method)
Insights into Shinsegae's Value Chain Emissions
In 2024, Shinsegae reported 4,271 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Shinsegae includes a breakdown across 3of the 15 Scope 3 categories defined by the GHG Protocol,up from 2 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
Shinsegae's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Shinsegae's Scope 3 emissions?
In 2024, Shinsegae reported total Scope 3 emissions of 4,271 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).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), Shinsegae's Scope 3 emissions increased by 21.79%, suggesting that the company faced challenges in reducing emissions across its value chain.a
What categories of Scope 3 emissions does Shinsegae disclose?
In 2024, Shinsegae reported emissions for 3 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.
What are the main sources of Shinsegae's Scope 3 emissions?
In 2024, the largest contributors to Shinsegae's Scope 3 emissions were:a
- Waste Generated in Operations (Cat. 5): 3,001 tCOâ‚‚e(70.26%)
- Business Travel (Cat. 6): 729 tCOâ‚‚e(17.07%)
- Capital Goods (Cat. 2): 541 tCOâ‚‚e(12.67%)
Shinsegae's Scope 3 Emissions by Categories
Insights into Shinsegae’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Shinsegae reported Scope 1 greenhouse gas (GHG) emissions of 20,244 tCOâ‚‚e and total revenues of USD 4,478 millions. This translates into an emissions intensity of 4.52 tCOâ‚‚e per millions USD.a
Shinsegae's Scope 1 Emissions Intensity Compared to Peers
How does Shinsegae's GHG emissions intensity compare to its peers?
In 2024, Shinsegae reported a Scope 1 emissions intensity of 4.52 tCOâ‚‚e per millions USD. Compared to the peer group median of 10.75, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
Where does Shinsegae rank on GHG emissions intensity within its industry?
In 2024, Shinsegae ranked 11 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
Shinsegae is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
Insights into Shinsegae's Total Carbon Footprint
In 2024, Shinsegae reported a total carbon footprint of 189,138 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 47.45% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.ab
The largest contributor to Shinsegae's total carbon footprint was Scope 2 emissions, accounting for 87.04% of the company's total carbon footprint, followed by Scope 1 emissions at 10.7%.a