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Our understanding of sustainability

SUSTAINABILITY

Creating and shaping responsibility

To remain successful in the long term, we want to reconcile our activities along the value chain with the ecological, social and legal parameters. Together with MediaMarktSaturn as the core of our business activities we decided to shape and influence responsible and sustainable business. CECONOMY is also a role model for the entire industry.

Strategy

Our sustainability strategy

As Europe's largest consumer electronics retailer, we are committed to playing a leading role in addressing global key challenges - for people, communities, and the environment alike. Our levers: the way we work operationally and how we guide our employees on sustainability issues for success; and the way we educate consumers on all aspects of sustainability related to consumer electronics.

Our sustainability strategy is based on two main pillars:

Strengthen the sustainability of our operations

We aim to strengthen the sustainability of our operations. To do this, we set targets to reduce carbon emissions and packaging waste, ensure labor and human rights in the supply chain of our private labels and our suppliers, and set targets for a diverse workforce.

Woman sitting outside in the garden with tablet

Enable a sustainable lifestyle for our customers

We aim to enable a sustainable lifestyle for our customers. To this end, we are expanding our sustainable product assortment; we are also setting for a superior customer guidance and education towards the conservation of our resources and, in this context, offering our customers the possibility to reuse, repair or recycle their products.

Solar modules, pinwheels and sun for sustainable energy

Goals

Our mid-term goals

We have defined clear sustainability targets expressed in terms of financial year 2022/23. They include:

// Zero direct carbon emissions of own operations (scope 1+2)

// Over 80 percent of our sales suppliers audited for labor and human rights compliance

// Doubling the number of sustainable products in our assortment (versus base year 2020)

Sustainability Key Figures

Environment & Social

REPAIRS Over 2.8
m Group-wide in financial year 2019/20

FROM RENEWABLE ENERGIES 79 % of our electricity in financial year 2019/20

DIRECT CO2-EMISSIONS Reduced by 75 % in financial year 2019/20 (since 2015)

SMARTBAR REPAIRS Over 600 K repairs in financial year 2019/20

GREENHOUSE GAS EMISSIONS SCOPE 1 & 2 TOTAL
(in tCO₂e)

EMPLOYEES From 128 nations in financial year 2019/20

WOMEN'S SHARE About 39 % in CECONOMY workforce in financial year 2019/20

LABOR AND HUMAN RIGHTS Over 96 % of Imtron production sites audited in financial year 2019/20

Networks

CECONOMY belongs to selected sustainability networks.

UN Global Compact

CECONOMY is a member of UN Global Compact, the world's largest initiative for responsible corporate governance. The vision of the UN Global Compact is an inclusive and sustainable global economy based on its 10 universal principles.

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Our commitment

Climate

We take responsibility for emissions that arise directly or indirectly from our business activities along the value chain.

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Products

We focus on clear labeling of sustainable products and services for our customers to promote sustainable consumption.

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Services

We support innovative product solutions and service concepts that enable sustainable consumption.

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Social

We are committed to socially relevant topics where we can contribute to enriching people's lives with our products, approaches and competencies.

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Non-Financial Group Report

Follow this link to see the separate Non-Financial Group Report including our strategic sustainability approach, as part of our current annual report:

Separate Non-Financial Group Report (PDF)