Sustainable Consumption Pledge

CECONOMY joined the European Commission's Sustainable Consumption Pledge.

SUSTAINABILITY

Our pledge for a sustainable future

As Europe’s largest consumer electronics company, CECONOMY is committed to take a leading role in addressing the world’s main challenges and make significant steps into a sustainable future. Our goal is to become a leader in sustainability within our sector.

What is the Sustainable Consumption Pledge?

The Sustainable Consumption Pledge is part of the European Commission’s European Climate Pact, which is an EU-wide initiative inviting organisations to participate in climate action and build a greener Europe. With their signatures, companies promise to accelerate their contribution to a green transition. The initiative represents a continuation of the Green Consumption Pledge Initiative that was launched by the European Commission in 2021 as part of the European Climate Pact. CECONOMY was one of the first European retailers to participate voluntarily in the EU pilot project right from the start.

By joining the Sustainable Consumption Pledge initiative, CECONOMY makes the following pledges:

The objectives have been submitted to the SBTi Committee for validation and are currently under review.

Pledge #1 – CECONOMY commits to calculate its carbon footprint and reduce its carbon footprint with the following pledges:

// CECONOMY pledges to reduce its carbon emissions for Scope 1 & 2 by 4.2 % per year, in accordance with a 1.5 °C scenario until 2030, compared to baseline year 2019, measured by the Science Based Target Initiative methodology.

// CECONOMY pledges to reduce its carbon emissions for the relevant Scope 3 of its own brand products by 3.0 % per year in accordance with a well-below 2 °C scenario until 2030, compared to baseline year 2022, measured by the Science Based Target Initiative (SBTI) methodology.

// CECONOMY pledges to reduce its carbon emissions for the relevant Scope 3 of its transportation and distribution by 3.0% per year in accordance with a well-below 2 °C scenario until 2030, compared to baseline year 2022, measured by the SBTI methodology

// CECONOMY pledges to engage 80% of its retail suppliers to set own climate targets in accordance with the SBTI framework until 2027.

Pledge #2 – CECONOMY commits to calculate and improve the environmental performance of the company with the following pledge:

CECONOMY pledges to increase the number of sustainable products (BetterWay products) in its assortment to 6,000 unique products by the end of 2025 compared to 1,200 products in base year 2021. A product is considered sustainable as it is:

// Labeled by a Type 1 Ecolabel including EU Ecolabel, Blue Angel, EPEAT and TCO Certified.

// For product groups without Type 1 Ecolabels in place, the product is among the most energy efficient products based on the EU Energy Label, or among the most repairable based on the French Repair Index, and the additional BetterWay criteria as described on https://www.mediamarktsaturn.com/en/sustainable-products. The BetterWay criteria were developed in collaboration with an independent testing service provider.

// Product groups without Type 1 Ecolabels, EU Energy Label nor a French Repair Index score can be considered BetterWay, if the product is made up of at least 50% recycled content.

Pledge #3 – Availability of information:

// CECONOMY pledges to annually publish the targets and progress on all the above-mentioned in its Sustainability Report, annual Non-Financial Declaration, and corporate website.

Further information on the Sustainable Consumption Pledge initiative from the European Commission:

Learn more