Etsy, Inc

Internet / Specialty Retailers
ETSY
$ 76 (4.1)%
Share price
$ 9.7 bn
Market Cap
$ 11 bn
Enterprise Value

Carbon footprint

0.03 Ton
GHG emissions per $ 1 mln investment
0x the weighted average for S&P 500
FY2020
How is this calculated?
-71%
YOY change in GHG emissions
Stronger than the -8.7% weighted average for S&P 500
FY2020 vs. previous year

Primary Climate Goal

+7.2%
Proj. YOY change in GHG emissions (Scope 1 + 2)
FY2021
How is this calculated?

Etsy, Inc aims to reduce Scope 1 + 2 by 50% by 2030 from a base year 2019

This target is most likely outdated and the company appears to have already achieved it
1.5°C
Etsy, Inc's actual and proj. GHG emissions (Scope 1 + 2) (Kt of CO2e)

Secondary Climate Goal

-10%
Proj. YOY change in GHG emissions (all Scopes)
Stronger than the -6.9% weighted average for S&P 500
FY2021
How is this calculated?

Etsy, Inc aims to achieve net zero for all Scopes by 2030


This target has not been verified as science based according to SBTi
Etsy, Inc's actual and proj. GHG emissions (all Scopes) (Kt of CO2e)

GHG emissions and Carbon intensity

Etsy, Inc's GHG emissions (market-based) (Kt of CO2e)
Etsy, Inc's Carbon intensity (Tons per 1 USDm)

Etsy, Inc's carbon footprint

Etsy, Inc reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2020 at 0.3 Kt (-0.73 /-70.9% y-o-y). Also positively, carbon intensity was down at 0.2 t (-1.1 /-84.6% y-o-y).

Etsy, Inc's Scope 3 emissions took off to 407 Kt (+251/+161% y-o-y). This is a higher growth rate than over the period since 4Q'16 (+31% CAGR).

The company is committed to reducing Scope 1 + 2 by 50% by 2030 from a base year 2019, which it appears to have already achieved as of 2020. This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.

Also, the company commits to achieving net zero for all Scopes by 2030, which translates into the estimated reduction of -41 Kt per annum over the period of FY2021 - FY2030. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Also, the company commits to reducing Scope 3 by 13.5% by 2030 from a base year 2019, which translates into the estimated reduction of -27 Kt per annum over the period of FY2021 - FY2030. This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.

Company environmental metrics

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