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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 2024, 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)202420232022
2021 - 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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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Limited Data Preview
You are viewing a limited preview of Shopify’s GHG emissions dataset. The full dataset, available for download, includes Scope 1, 2, and 3 emissions with detailed category-level breakdowns, historical coverage back to 2019, and revenue-based intensity metrics for each scope.
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Verified Sources Behind Shopify’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Shopify’s data sources below and access millions more through our Disclosure Search.

a. Shopify's Climate Report 2024
b. Shopify's ClimateWise Report 2022

Insights into Shopify's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Shopify amounted to 679 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 Shopify decreased by 71.46%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a

Shopify's Scope 1 Emissions Over Time

20192020202120222023202407501.5 k2.25 k3 ktCO2e-15%-52%+305%-76%-47%
  • Total Scope 1
  • Year-over-Year Change

What are Shopify's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Shopify were 360 metric tons of CO₂ equivalent (tCO₂e).a

Has Shopify reduced its Scope 1 emissions over time?

Since 2019, Shopify's Scope 1 emissions have decreased by 78.9%, reflecting a declining long-term trend in Scope 1 emissions over time.ab

Compared to the previous year (2023), Shopify's Scope 1 emissions decreased by 47.14%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a

What are Shopify's Scope 2 emissions?

In 2024, Shopify reported Scope 2 greenhouse gas (GHG) emissions of 319 tCO₂e without specifying the calculation method.a

Has Shopify reduced its Scope 2 emissions over time?

Since 2019, Shopify's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have decreased by 13.55%, reflecting a declining long-term trend in Scope 2 emissions over time.ab

Compared to the previous year (2023), Shopify's Scope 2 emissions (Unspecified Calculation Method) fell by 81.21% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a

What methodology does Shopify use for Scope 2 reporting?

In 2024, Shopify reported its Scope 2 emissions using an unspecified methodology.a

Shopify's Scope 2 Emissions Over Time

20192020202120222023202406001.2 k1.8 k2.4 ktCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Shopify's Value Chain Emissions

In 2024, Shopify reported 23,622 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 Shopify 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

Shopify's Scope 3 Emissions Over Time

20192020202120222023202406.5 k13 k19.5 k26 ktCO2e-38%+108%+301%-11%+6%
  • Total Scope 3
  • Year-over-Year Change

What are Shopify's Scope 3 emissions?

In 2024, Shopify reported total Scope 3 emissions of 23,622 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

Has Shopify reduced its Scope 3 emissions over time?

Since 2019, Shopify's Scope 3 emissions have increased by 383.07%, reflecting a rising long-term trend in Scope 3 emissions over time.ab

Compared to the previous year (2023), Shopify's Scope 3 emissions remained relatively stable, indicating that Shopify's emissions have plateaued with no significant change in its value chain footprint.a

What categories of Scope 3 emissions does Shopify disclose?

In 2024, Shopify 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.

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

In 2024, the largest contributors to Shopify's Scope 3 emissions were:a

  • Business Travel (Cat. 6): 21,959 tCO₂e (92.96%)
  • Employee Commuting (Cat. 7): 1,663 tCO₂e (7.04%)

Shopify's Scope 3 Emissions by Categories

Business Travel(Cat. 6)(93.0%)Employee Commuting(Cat. 7)(7.0%)

Insights into Shopify’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Shopify reported Scope 1 greenhouse gas (GHG) emissions of 360 tCO₂e and total revenues of USD 8,889 millions. This translates into an emissions intensity of 0.04 tCO₂e per millions USD.a

Shopify's Scope 1 Emissions Intensity Compared to Peers

5501,00010,000200,000Scope 1 Emissions (tCO2e)202001,00010,00050,000Revenues (Millions of USD)SGDassault SystemesYear: 2024Scope 1: 3,104 tCO2eRevenue: $M 6,465Scope 1 Intensity: 0.48 tCO2e/$MAtlassianYear: 2024Scope 1: 487 tCO2eRevenue: $M 4,360Scope 1 Intensity: 0.11 tCO2e/$MLyftYear: 2024Scope 1: 2,451 tCO2eRevenue: $M 5,786Scope 1 Intensity: 0.42 tCO2e/$MDiebold NixdorfYear: 2024Scope 1: 69,155 tCO2eRevenue: $M 3,751Scope 1 Intensity: 18.44 tCO2e/$MRoper TechnologiesYear: 2024Scope 1: 3,745 tCO2eRevenue: $M 7,039Scope 1 Intensity: 0.53 tCO2e/$MZoom CommunicationsYear: 2024Scope 1: 59 tCO2eRevenue: $M 4,683Scope 1 Intensity: 0.01 tCO2e/$MSSSS&C Technologies HoldingsYear: 2023Scope 1: 676 tCO2eRevenue: $M 5,505Scope 1 Intensity: 0.12 tCO2e/$MKinaxisYear: 2024Scope 1: 242 tCO2eRevenue: $M 483Scope 1 Intensity: 0.50 tCO2e/$MPaychexYear: 2025Scope 1: 2,353 tCO2eRevenue: $M 5,572Scope 1 Intensity: 0.42 tCO2e/$MCadence Design SystemsYear: 2024Scope 1: 2,087 tCO2eRevenue: $M 4,641Scope 1 Intensity: 0.45 tCO2e/$MGGGB GroupYear: 2024Scope 1: 7 tCO2eRevenue: $M 350Scope 1 Intensity: 0.02 tCO2e/$MNemetschekYear: 2024Scope 1: 1,971 tCO2eRevenue: $M 1,036Scope 1 Intensity: 1.90 tCO2e/$MOpen TextYear: 2024Scope 1: 4,938 tCO2eRevenue: $M 5,769Scope 1 Intensity: 0.86 tCO2e/$MAutodeskYear: 2024Scope 1: 555 tCO2eRevenue: $M 6,133Scope 1 Intensity: 0.09 tCO2e/$MLime TechnologiesYear: 2024Scope 1: 6 tCO2eRevenue: $M 62Scope 1 Intensity: 0.10 tCO2e/$MWorkdayYear: 2024Scope 1: 2,752 tCO2eRevenue: $M 8,447Scope 1 Intensity: 0.33 tCO2e/$MHuitongda NetworkYear: 2024Scope 1: 94 tCO2eRevenue: $M 9,000Scope 1 Intensity: 0.01 tCO2e/$MPTCYear: 2024Scope 1: 963 tCO2eRevenue: $M 2,298Scope 1 Intensity: 0.42 tCO2e/$MVusionYear: 2024Scope 1: 554 tCO2eRevenue: $M 994Scope 1 Intensity: 0.56 tCO2e/$MTeamViewerYear: 2024Scope 1: 102 tCO2eRevenue: $M 699Scope 1 Intensity: 0.15 tCO2e/$MInnofactorYear: 2024Scope 1: 10 tCO2eRevenue: $M 81Scope 1 Intensity: 0.12 tCO2e/$MAdobeYear: 2024Scope 1: 7,218 tCO2eRevenue: $M 21,508Scope 1 Intensity: 0.34 tCO2e/$MShopifyYear: 2024Scope 1: 360 tCO2eRevenue: $M 8,889Scope 1 Intensity: 0.04 tCO2e/$M

How does Shopify's GHG emissions intensity compare to its peers?

In 2024, Shopify reported a Scope 1 emissions intensity of 0.04 tCO₂e per millions USD. Compared to the peer group median of 0.38, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a

Where does Shopify rank on GHG emissions intensity within its industry?

In 2024, Shopify ranked 4 out of 22 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a

This places Shopify among the top performers, with one of the lowest emissions intensities relative to peers.a

Insights into Shopify's Total Carbon Footprint

In 2024, Shopify reported a total carbon footprint of 24,301 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 1.77% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a

The largest contributor to Shopify's total carbon footprint was Scope 3 emissions, accounting for 97.21% of the company's total carbon footprint, followed by Scope 1 emissions at 1.48%.a

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