Shopify Inc

Common Name
Shopify
Country
Canada
Sector
Technology
Industry
Software - Application
Employees
8,100
Ticker
SHOP
Exchange
NASDAQ/NGS
Description
Shopify Inc. is a leading e-commerce platform provider that enables individuals and businesses to set up online stores and manage their sales operations. Its primary function is to simplify the proces...

Shopify's GHG Emissions Data Preview

In 2023, Shopify 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).

Shopify 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)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Unspecified Calculation Method
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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 Shopify's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Shopify amounted to 2,379 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 Shopify decreased by 53.14%, showing that the company has made progress in taking action to reduce the climate impact of its operations.

Shopify's Scope 1 Emissions Over Time

2019202020212022202307501.5 k2.25 k3 ktCO2e-15%-52%+305%-76%
  • Total Scope 1
  • Year-over-Year Change

What are Shopify's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Shopify were 681 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has Shopify reduced its Scope 1 emissions over time?

Since 2019, Shopify's Scope 1 emissions have decreased by 60.08%, reflecting a declining long-term trend in Scope 1 emissions over time.

Compared to the previous year (2022), Shopify's Scope 1 emissions decreased by 76.03%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.

What are Shopify's Scope 2 emissions?

In 2023, Shopify reported Scope 2 greenhouse gas (GHG) emissions of 1,698 tCOâ‚‚e without specifying the calculation method.

Has Shopify reduced its Scope 2 emissions over time?

Since 2019, Shopify's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have increased by 360.16%, reflecting a rising long-term trend in Scope 2 emissions over time.

Compared to the previous year (2022), Shopify's Scope 2 emissions (Unspecified Calculation Method) fell by 24.06% in 2023, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.

What methodology does Shopify use for Scope 2 reporting?

In 2023, Shopify reported its Scope 2 emissions using an unspecified methodology.

Shopify's Scope 2 Emissions Over Time

2019202020212022202306001.2 k1.8 k2.4 ktCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Shopify's Value Chain Emissions

In 2023, Shopify reported 22,360 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 Shopify includes a breakdown across 2 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year.

Shopify's Scope 3 Emissions Over Time

2019202020212022202306.5 k13 k19.5 k26 ktCO2e-38%+108%+301%-11%
  • Total Scope 3
  • Year-over-Year Change

What are Shopify's Scope 3 emissions?

In 2023, Shopify reported total Scope 3 emissions of 22,360 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

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.

Has Shopify reduced its Scope 3 emissions over time?

Since 2019, Shopify's Scope 3 emissions have increased by 357.26%, reflecting a rising long-term trend in Scope 3 emissions over time.

Compared to the previous year (2022), Shopify's Scope 3 emissions decreased by 11.43%, highlighting the company's efforts to lower indirect emissions from its value chain.

What categories of Scope 3 emissions does Shopify disclose?

In 2023, Shopify reported emissions for 2 out of the 15 Scope 3 categories defined by the GHG Protocol.

The limited disclosure restricts visibility into specific emission sources across the company's value chain.

What are the main sources of Shopify's Scope 3 emissions?

In 2023, the largest contributors to Shopify's Scope 3 emissions were:

  • Business Travel (Cat. 6): 20,370 tCOâ‚‚e (91.1%)
  • Employee Commuting (Cat. 7): 1,990 tCOâ‚‚e (8.9%)

Shopify's Scope 3 Emissions by Categories

Employee Commuting(Cat. 7)(8.9%)Business Travel(Cat. 6)(91.1%)

Insights into Shopify's Total Carbon Footprint

In 2023, Shopify reported a total carbon footprint of 24,739 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 18.41% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output.

The largest contributor to Shopify's total carbon footprint was Scope 3 emissions, accounting for 90.38% of the company's total carbon footprint, followed by Scope 2 emissions at 6.86%.