CECONOMY, the parent company of MediaMarktSaturn and Europe’s largest consumer electronics retailer, has received an outstanding climate rating for 2024 from the Carbon Disclosure Project (CDP). The company achieved an A- grade, marking a steady improvement over the past three years from B- to B, and now to A-. This recognition places CECONOMY among the leading global companies in climate performance.
CDP recognizes sustainability leadership
The CDP, a globally recognized non-profit organization, evaluates companies based on their climate action efforts and sustainability strategies. In 2024, over 22,000 companies were assessed, and CECONOMY’s A- rating places it in the "Leadership" category. According to CDP, this ranking is awarded to companies that provide high-quality, comprehensive data and demonstrate a strong commitment to reducing their environmental impact.
Commitment to sustainable business practices
CECONOMY’s CEO, Dr. Karsten Wildberger, emphasized the company’s dedication to sustainability. He stated, “The good climate rating from the CDP shows that our transition to more sustainable business practices is bearing fruit. Our goal is clear: to make environmentally conscious consumption accessible to everyone and at the same time reduce our ecological footprint step by step.”
Clear targets for emissions reduction
The CDP rating assesses companies based on their emissions and climate strategies. CECONOMY has set ambitious targets: a 58.8% reduction in direct (Scope 1) and indirect (Scope 2) emissions by 2032/33, and a 32.5% reduction in specific Scope 3 emissions related to transportation, purchased goods, and product usage, based on 2021/22 levels.
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