Marks & Spencer

Food Retail / Department Stores
MKS.L
GBX 161 7.3
Share price
$ 3.9 bn
Market Cap
$ 7.2 bn
Enterprise Value

Carbon footprint

25 Ton
GHG emissions per $ 1 mln investment
0.68x the weighted average for S&P 500
FY2021
How is this calculated?
-10%
YOY change in GHG emissions
Weaker than the +4.5% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

-3.1%
Proj. YOY change in GHG emissions (Scope 1 + 2)
Weaker than the -6.6% weighted average for S&P 500
FY2022
How is this calculated?

Marks & Spencer aims to reduce Scope 1 + 2 by 80% by 2030 from a base year 2007


This target has not been verified as science based according to SBTi
Marks & Spencer's actual and proj. GHG emissions (Scope 1 + 2) (Kt of CO2e)

GHG emissions and Carbon intensity

Marks & Spencer's GHG emissions (market-based) (Kt of CO2e)
Marks & Spencer's Carbon intensity (Tons per 1 USDm)

Marks & Spencer's carbon footprint

Marks & Spencer reported gross GHG emissions (Scope 1 + 2 before carbon offsets) for the twelve months ending 31 March 2021 at 178 Kt (-20 /-10.1% y-o-y). At the same time, carbon intensity increased to 16 t (+0.8/+5.4% y-o-y).

Marks & Spencer reported Scope 3 emissions for the the twelve months ending31 March 2021 at 32

The company is committed to reducing Scope 1 + 2 by 80% by 2030 from a base year 2007, which translates into the estimated reduction of -5.6 Kt per annum over the period of FY2022 - FY2030. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Marks & Spencer achieved carbon neutrality across its operations (Scope 1 + 2) in 2012. Companies normally become carbon neutral with the help of the acquisition of carbon offsets rather than absolute reductions in their own greenhouse emissions. Also, carbon neutrality does not include non-CO2 GHG emissions.

Marks & Spencer also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. Marks and Spencer PLC commits to reduce absolute scope 1 and scope 2 GHG emissions 55% by 2030 from a 2017 base year. Marks and Spencer PLC also commits to reduce absolute scope 3 GHG emissions 55% within the same time frame.

Company environmental metrics

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