Spotify Technology SA

Common Name
Spotify Technology
Country
Luxembourg
Sector
Communication Services
Industry
Internet Content & Information
Employees
7,691
Ticker
SPOT
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Spotify Technology S.A. operates as a digital music service, offering audio streaming platforms that grant users access to a vast library of songs, podcasts, and other audio content. Founded in 2006 a...

Spotify Technology's GHG Emissions Data Preview

In 2024, Spotify Technology 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).

Spotify Technology has also provided a category-level breakdown for 9 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
Market-Based
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Location-Based
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Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Spotify Technology’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 Spotify Technology’s data sources below and access millions more through our Disclosure Search.

a. Spotify Technology's Impact Report 2024
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b. Spotify Technology's Impact Report 2023
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c. Spotify Technology's Impact Report 2022
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Insights into Spotify Technology's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Spotify Technology amounted to 5,023 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 Spotify Technology decreased by 3.98%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a

Spotify Technology's Scope 1 Emissions Over Time

202120222023202403006009001.2 ktCO2e-57%+257%+2%
  • Total Scope 1
  • Year-over-Year Change

What are Spotify Technology's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Spotify Technology were 1,069 metric tons of CO₂ equivalent (tCO₂e). a

Has Spotify Technology reduced its Scope 1 emissions over time?

Since 2021, Spotify Technology's Scope 1 emissions have increased by 56.74%, reflecting a rising long-term trend in Scope 1 emissions over time. a c

Compared to the previous year (2023), Spotify Technology's Scope 1 emissions increased by 1.52%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a

What are Spotify Technology's Scope 2 emissions?

In 2024, Spotify Technology reported Scope 2 greenhouse gas (GHG) emissions of 3,362 tCO₂e using the market-based method and 3,954 tCO₂e using the location-based method. a

Has Spotify Technology reduced its Scope 2 emissions over time?

Compared to the previous year (2023), Spotify Technology's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Spotify Technology 's emissions have plateaued with no significant change in its energy consumption footprint. a

What methodology does Spotify Technology use for Scope 2 reporting?

In 2024, Spotify Technology reported its Scope 2 emissions using the market-based method and using the location-based method. a

Spotify Technology's Scope 2 Emissions Over Time

202120222023202401.5 k3 k4.5 k6 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Spotify Technology's Value Chain Emissions

In 2024, Spotify Technology reported 190,596 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 Spotify Technology includes a breakdown across 9 of the 15 Scope 3 categories defined by the GHG Protocol, up from 8 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chain a

Spotify Technology's Scope 3 Emissions Over Time

2021202220232024090 k180 k270 k360 ktCO2e-7%-16%-31%
  • Total Scope 3
  • Year-over-Year Change

What are Spotify Technology's Scope 3 emissions?

In 2024, Spotify Technology reported total Scope 3 emissions of 190,596 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 99.25% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0.75% came from downstream activities like product use, distribution, and end-of-life treatment. a

Has Spotify Technology reduced its Scope 3 emissions over time?

Since 2021, Spotify Technology's Scope 3 emissions have decreased by 45.91%, reflecting a declining long-term trend in Scope 3 emissions over time. a c

Compared to the previous year (2023), Spotify Technology's Scope 3 emissions decreased by 30.92%, highlighting the company's efforts to lower indirect emissions from its value chain. a

What categories of Scope 3 emissions does Spotify Technology disclose?

In 2024, Spotify Technology reported emissions for 9 out of the 15 Scope 3 categories defined by the GHG Protocol. a

This partial disclosure allows for some insight into the company's indirect impacts.

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

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

  • Purchased Goods and Services (Cat. 1): 153,180 tCO₂e (80.37%)
  • Business Travel (Cat. 6): 26,058 tCO₂e (13.67%)
  • Employee Commuting (Cat. 7): 4,932 tCO₂e (2.59%)

Spotify Technology's Scope 3 Emissions by Categories

Purchased Goods andServices (Cat. 1)(80.4%)Business Travel(Cat. 6)(13.7%)Employee Commuting(Cat. 7)(2.6%)

Insights into Spotify Technology’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Spotify Technology reported Scope 1 greenhouse gas (GHG) emissions of 1,069 tCO₂e and total revenues of USD 19,089 millions. This translates into an emissions intensity of 0.06 tCO₂e per millions USD. a

Spotify Technology's Scope 1 Emissions Intensity Compared to Peers

202002,00020,000500,000Scope 1 Emissions (tCO2e)205005,000100,0001,000,000Revenues (Millions of USD)PBaiduYear: 2024Scope 1: 20,570 tCO2eRevenue: $M 2,540Scope 1 Intensity: 8.10 tCO2e/$MNaverYear: 2023Scope 1: 2,402 tCO2eRevenue: $M 7,568Scope 1 Intensity: 0.32 tCO2e/$MRecruit HoldingsYear: 2022Scope 1: 7,289 tCO2eRevenue: $M 23,536Scope 1 Intensity: 0.31 tCO2e/$MKakaoYear: 2023Scope 1: 358 tCO2eRevenue: $M 5,917Scope 1 Intensity: 0.06 tCO2e/$MZillow GroupYear: 2023Scope 1: 197 tCO2eRevenue: $M 1,945Scope 1 Intensity: 0.10 tCO2e/$MIACYear: 2023Scope 1: 5,536 tCO2eRevenue: $M 4,365Scope 1 Intensity: 1.27 tCO2e/$MChina LiteratureYear: 2024Scope 1: 45 tCO2eRevenue: $M 1,209Scope 1 Intensity: 0.04 tCO2e/$MProsusYear: 2024Scope 1: 14,011 tCO2eRevenue: $M 4,671Scope 1 Intensity: 3.00 tCO2e/$MAlphabetYear: 2024Scope 1: 73,100 tCO2eRevenue: $M 350,096Scope 1 Intensity: 0.21 tCO2e/$MPPPinterestYear: 2023Scope 1: 602 tCO2eRevenue: $M 3,056Scope 1 Intensity: 0.20 tCO2e/$MNebius GroupYear: 2023Scope 1: 99,000 tCO2eRevenue: $M 9,040Scope 1 Intensity: 10.95 tCO2e/$MBaltic Classifieds GroupYear: 2024Scope 1: 40 tCO2eRevenue: $M 67Scope 1 Intensity: 0.60 tCO2e/$MTencent HoldingsYear: 2024Scope 1: 121,466 tCO2eRevenue: $M 98,489Scope 1 Intensity: 1.23 tCO2e/$MWeiboYear: 2023Scope 1: 126 tCO2eRevenue: $M 1,760Scope 1 Intensity: 0.07 tCO2e/$MSnapYear: 2023Scope 1: 9,822 tCO2eRevenue: $M 4,606Scope 1 Intensity: 2.13 tCO2e/$MMeituYear: 2024Scope 1: 68 tCO2eRevenue: $M 501Scope 1 Intensity: 0.14 tCO2e/$MKuaishou TechnologyYear: 2024Scope 1: 2,100 tCO2eRevenue: $M 18,885Scope 1 Intensity: 0.11 tCO2e/$MSpotify TechnologyYear: 2024Scope 1: 1,069 tCO2eRevenue: $M 19,089Scope 1 Intensity: 0.06 tCO2e/$M

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

In 2024, Spotify Technology reported a Scope 1 emissions intensity of 0.06 tCO₂e per millions USD. Compared to the peer group median of 0.31, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a

Where does Spotify Technology rank on GHG emissions intensity within its industry?

In 2024, Spotify Technology ranked 2 out of 17 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

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

Insights into Spotify Technology's Total Carbon Footprint

In 2024, Spotify Technology reported a total carbon footprint of 195,619 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 30.41% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output. a

The largest contributor to Spotify Technology's total carbon footprint was Scope 3 emissions, accounting for 97.43% of the company's total carbon footprint, followed by Scope 2 emissions at 2.02%. a

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