Etsy

Etsy 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 declined to 0.2 t (-1.1 /-84.6% y-o-y).

Etsy's Scope 3 emissions soared to 407 Kt (+251/+161% y-o-y). The growth accelerated compared to the long-term upward trend (CAGR of +31% since 4Q'16).

The company has not set a company-wide target for an absolute reduction in GHG emissions yet.

Etsy also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. Overall Net-Zero Target Etsy, Inc. commits to reach net-zero GHG emissions across the value chain by 2040 from a 2020 base year. Near-Term Targets Etsy, Inc. commits to reduce absolute scope 1 and 2 GHG emissions 50% by 2030 from a 2020 base year. Etsy, Inc. also commits to reduce scope 3 GHG emissions 52% per million dollar of gross profit by within the same timeframe. Long-Term Targets Etsy, Inc. commits to reduce absolute scope 1 and 2 GHG emissions 90% by 2040 from a 2020 base year. Etsy, Inc. also commits to reduce scope 3 GHG emissions 97% per million dollar of gross profit within the same timeframe.