Sustainability is an integral part of our DNA

CECONOMY, affiliated with MediaMarktSaturn, aims to reduce its direct and indirect carbon dioxide (CO2) emissions in its commercial activities by 58.8% by the fiscal year 2032/33, and reduce CO2 emissions in some parts of its value chain by 32.5%. Additionally, the company commits to ensuring that 74% of its suppliers align with science-based targets in line with the Paris Agreement by the fiscal year 2027/28.

Sustainability is a non-negotiable topic for CECONOMY AG (CECONOMY). Therefore, the company has set science-based and ambitious climate targets confirmed by the independent Science Based Targets initiative (SBTi). Dr. Karsten Wildberger, CEO of CECONOMY and MediaMarktSaturn, stated, “Sustainability is an integral part of our DNA, and we want to be evaluated accordingly. With this approval, SBTi has accepted our ambitious sustainability goals. As Europe’s largest electronics retailer, we aim to lead by continuously optimizing our business practices, promoting renewable energy sources, developing innovative technologies for environmentally friendly products and services, and making a decisive contribution to reducing emissions.”

The Science Based Targets initiative was launched in 2015 to support companies in setting emission reduction targets that are aligned with climate science and the goals of the Paris Agreement. SBTi enables companies to independently assess and verify their emission targets through a team of experts.

According to the announcement, SBTi has verified the company’s ambitious climate targets:
– The company commits to reducing absolute Scope 1 and 2 emissions (direct and indirect greenhouse gas emissions) by 58.8% from the base year 2018/19 by the fiscal year 2032/33.
– The company commits to reducing its own brands’ Scope 3 emissions in category 4 (transportation and distribution) and categories 1 and 11 (purchased goods and services and use of sold products) by 32.5% from the base year 2021/22 by the fiscal year 2032/33.
– The company commits to ensuring that 74% of its suppliers (measured in terms of purchased goods and services area sales) follow their own science-based targets in line with the Paris Agreement by the fiscal year 2027/28.

The company strives for climate-neutral business practices. For instance, the company reduces its commercial activities’ CO2 footprint by optimizing building automation and its heating, ventilation, and air conditioning technology, transitioning its stores to predominantly LED lighting, and purchasing green electricity. The group also helps its customers choose and use sustainable products correctly, thereby reducing energy consumption.

Since 2021, the company has been one of the first retail companies in Europe to voluntarily support the European Climate Pact’s Sustainable Consumption Commitment. The initiative aims to motivate companies to identify future climate protection measures.