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 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 20,244a | 15,158b | 14,290a | |
Total Scope 2 | ||||
Unspecified Calculation Method | 164,623a | 109,607a | 108,931a | |
Total Scope 3 | 4,271a | 3,507a | 2,666a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 4.5212a | 3.0469b | 2.3051a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Shinsegae amounted to 184,867 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 Shinsegae increased by 48.17%, suggesting that the company faced challenges in reducing its emissions from its core operations.ab
In 2024, the total Scope 1 emissions of Shinsegae were 20,244 metric tons of CO₂ equivalent (tCO₂e).a
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
In 2024, Shinsegae reported Scope 2 greenhouse gas (GHG) emissions of 164,623 tCO₂e without specifying the calculation method.a
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
In 2024, Shinsegae reported its Scope 2 emissions using an unspecified methodology.a
In 2024, Shinsegae reported 4,271 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 Shinsegae includes a breakdown across 3 of 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
In 2024, Shinsegae reported total Scope 3 emissions of 4,271 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), Shinsegae's Scope 3 emissions increased by 21.79%, suggesting that the company faced challenges in reducing emissions across its value chain.a
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.
In 2024, the largest contributors to Shinsegae's Scope 3 emissions were:a
In 2024, Shinsegae reported Scope 1 greenhouse gas (GHG) emissions of 20,244 tCO₂e and total revenues of USD 4,478 millions. This translates into an emissions intensity of 4.52 tCO₂e per millions USD.a
In 2024, Shinsegae reported a Scope 1 emissions intensity of 4.52 tCO₂e per millions USD. Compared to the peer group median of 5.95, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Shinsegae ranked 11 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e 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
In 2024, Shinsegae reported a total carbon footprint of 189,138 metric tons of CO₂ equivalent (tCO₂e) 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