illuminem logo
illuminem logo
  • Rankings
  • Use Cases
  • Pricing
  • Media
  • More
illuminem logo

About illuminem

AboutCareersBecome a Thought Leader

Advertising

Advertise with usPromote EventsOur Reach

Support

FAQsContact Us
Terms & Privacy Policy

© 2026 illuminem. All rights reserved. Various trademarks held by their owners.

  1. Home
  2. ›
  3. Industries
  4. ›
  5. Spotify
Company logo

Spotify | Sustainability Performance

https://open.spotify.com

A digital music streaming service offering a vast library of songs, podcasts, and audio content.

2006

Sweden

5,001 - 10,000 employees

Media Production

$10B+ in revenue

$1B - 10B in profitability

Submit or report inaccurate dataDownload Company Insights

Sustainability Ranking & Industry Benchmark

#549
Overall
#43
in Sweden
#1
in Media Production

Sustainability Maturity

​​0123456789​​%

Sustainability Intent

Available in
Scale package

Access
​​0123456789​​%

Industry Rank

19 out of 42

Overview
Environmental
Carbon emissionsCarbon certificatesNature and biodiversityClimate risk
Social
Diversity and InclusionPay GapsExternalities
Governance
TargetsSDG ImpactESG scores and Exclusions
Financial Data
Business performanceCapital & innovationAnalyst projections

View similiar companies


Company logo
Acast

Sweden, Entertainment, Media Production


Company logo
Universal Music (UMG)

United States, Entertainment, Media Production


Company logo
Epidemic Sound

Sweden, Entertainment, Media Production

CO2 scope 1 + 2

5.0K CO2e tonnes, 2024
Leading

Female employees

43% 2025
Aligned

Externalities

625.3K $, 2024
Critical

Market cap

91.2B $, 2026▲46.5% YoY

Revenue

17.6B $, 2025▼8.8% YoY

R&D intensity

8.1% 2025

Carbon emissions

Reveal data for 1 credit

Industry rank: 1 out of 42


Total CO2 emissions
(CO2e tonnes)

Industry rank: 1 out of 42

Scope 1
Scope 2 location based
Scope 3 downstream
Scope 3 upstream
Industry benchmark
(adj. for revenues)
Powered by illuminem and GIST Impact

Female employees

Reveal data for 1 credit

Share of female employees (%)

Share of female board members

25
50
75
100
Company
Benchmark
Powered by illuminem and GIST Impact

Controversy level


Very Low
Low
Noticeable
High
Severe
Download Controversy Analysis
  • Spotify Technology SA has faced sustained scrutiny over the contested January 2022 Joe Rogan COVID-19 controversy (Spotify's USD 100+ million Joe Rogan Experience exclusive license led to artist Neil Young/Joni Mitchell/India.Arie removing music from Spotify January-February 2022 over alleged JRE COVID-19 misinformation) affecting Spotify's institutional shareholders amid US discretionary podcasting sector regulatory pressure.
Powered by illuminem

Carbon emissions breakdown

Reveal data for 2 credits

KPIMetricYear
20202021202220232024Benchmark
**************-***********************************
**************---*********************
**************-***********************************
********************************************************
**************---*********************
**************-***********************************
**************-***********************************
**************--****************************
**************--****************************
**************--****************************
********************************************************
**************-***********************************
**************--****************************
********************************************************
**************----**************
**************----**************
**************---*********************
**************---*********************
********************************************************
Powered by illuminem and GIST Impact

Carbon certificate projects

Reveal data for 3 credits

Sector:
SubsectorCountryTransaction date
ⓘ
20182019202020212022Total
**************---*********************
**************---*******-*******
**************-*********************-*******
**************---*******-*******
**************---*******-*******
**************--**************-*******
**************---*******-*******
**************-*********************-*******
**************---*******-*******
**************---*******-*******
**************--**************-*******
**************---*******-*******
**************-**************--*******
**************--*******--*******
**************-**************--*******
**************---*******-*******
**************---*******-*******
**************---*******-*******
**************---*******-*******
**************---*******-*******
**************--*******--*******
**************---*******-*******
**************---*******-*******

Powered by AlliedOffsets and illuminem

Climate risk

OverallAcuteChronic
Reveal data for 20 credits
Unlock Acute & Chronic
33 assets assessed
ScenarioComing soon
49Moderate
$145.4Mestimated revenue at risk
Thematic risk scoresESRS aligned scoresComing soon
Download Climate Risk AnalysisPowered by illuminem and GIST impact

Biodiversity loss in km²

Reveal data for 2 credits

Biodiversity loss in terms of the equivalent land affected (km²e)

Total biodiversity loss (km²e)
Industry benchmark
Powered by GIST and illuminem

Biodiversity loss in CO2e

Reveal data for 2 credits

Total biodiversity loss as CO2e tonnes

Total biodiversity loss (CO2e tonnes)
Industry benchmark

Powered by GIST and illuminem

Potential species loss

Reveal data for 2 credits

Estimated nature species lost due to corporate activity, expressed as Potentially Disappeared Fraction (PDF)

One row per year, with the latest at the top. Each driver uses its own scale.

Low ImpactHigh Impact
Industry benchmark
Powered by GIST and illuminem

Biodiversity impact

Reveal data for 2 credits

KPIMetricYear
20202021202220232024Benchmark
********************************************************
********************************************************
********************************************************
********************************************************
********************************************************
********************************************************
********************************************************
********************************************************
********************************************************
********************************************************
********************************************************
********************************************************
********************************************************
********************************************************
********************************************************
********************************************************
********************************************************
********************************************************
********************************************************
********************************************************
********************************************************
********************************************************
********************************************************
********************************************************
Powered by illuminem and GIST Impact
PDF: Potentially Disappeared Fraction (of species) due to corporate activities

Land use

Reveal data for 2 credits

KPIMetricYear
20202021202220232024Benchmark
********************************************************
********************************************************
********************************************************
********************************************************
********************************************************
Powered by illuminem and GIST Impact

Diversity & inclusion

Reveal data for 3 credits

KPIMetricYear
20202021202220232024Benchmark
********************************************************
********************************************************
********************************************************
********************************************************
********************************************************
********************************************************
********************************************************
********************************************************
Powered by illuminem and GIST Impact

Pay gap breakdown

Reveal data for 1 credit

KPIMetricYear
20202021202220232024Benchmark
********************************************************
********************************************************
********************************************************
********************************************************
********************************************************
********************************************************
********************************************************
********************************************************
********************************************************
********************************************************
********************************************************
********************************************************
********************************************************
********************************************************
********************************************************
********************************************************
********************************************************
********************************************************
********************************************************
********************************************************
********************************************************
********************************************************
********************************************************
********************************************************
********************************************************
********************************************************
********************************************************
********************************************************
********************************************************
********************************************************
Powered by illuminem and GIST Impact

Externalities

Reveal data for 1 credit

KPIMetricYear
20202021202220232024Benchmark
********************************************************
********************************************************
********************************************************
********************************************************
********************************************************
********************************************************
Powered by illuminem and GIST Impact

Market cap

91.2B $, 2026▲46.5% YoY

Revenue

17.6B $, FY2025▼8.8% YoY

EBITDA

2.3B $, FY2025▼9.1% YoY

Operating margin

13% Industry: 9▼31.9% YoY

Revenue & EBITDA

$17.6BFY2025 revenue

Total Annual
Revenue & EBITDA
($ B)

Annual revenue
EBITDA
3 year change
Powered by illuminem

Revenue by region


Revenue by region %

Luxembourg
Other countries
United Kingdom
United States

Powered by illuminem

Margin trends


Margin as % of revenue

Gross margin
Operating margin
Net margin

Powered by illuminem

Free cashflow

2.5B 2025▼20.5% YoY

Capex

54.0M 2025▼72.1% YoY

Debt/equity ratio

0.2 Industry: 0▼NaN% YoY

R&D intensity

8.1%FY2025

R&D as % of revenue

Return on invested capital (ROIC)
Industry benchmark

Powered by illuminem

Return on invested capital

22.0%FY2026

Return on invested capital (ROIC)
Industry benchmark

Powered by illuminem

Analyst revenue estimates & actuals


Analyst consensus vs actuals
($ B)

Actual revenue
Consensus estimates
Estimate only

13.5

▼ 7.7%

2023

16.0

▲ 0.5%

2024

17.6

▲ 15.4%

2025

31.0

2030

Powered by illuminem

Sustainability targets and commitments

TargetYearValueScopeBaseline

Progress against targets

Environmental policy coverage

Carbon reduction policy

Not available

Human rights policy

Available

Recycling policy

Not available

Workplace health & safety policy

Available

29%
Independent Directors

4 out of 14 incl. management

Powered by illuminem

Overall score

50

Environment

42

Social

59

Governance

49

Exclusion screening

Adult content

Not available

Alcoholic

Not available

Animal testing

Not available

Firearms

Not available

Tobacco

Not available

Gambling

Not available

Nuclear

Not available

Powered by illuminem

SDG impact

Reveal data for 5 credits
2024

Powered by illuminem and GIST Impact

SDG impact (historical)

Reveal data for 5 credits

KPIMetricYear
20192020202120222023Benchmark
********************************************************
********************************************************
********************************************************
********************************************************
********************************************************
********************************************************
********************************************************
********************************************************
********************************************************
********************************************************
********************************************************
********************************************************
********************************************************
********************************************************
********************************************************
********************************************************
********************************************************
********************************************************
********************************************************
********************************************************
********************************************************
********************************************************
********************************************************
********************************************************
********************************************************
********************************************************
********************************************************
********************************************************
********************************************************
********************************************************
********************************************************
********************************************************
********************************************************
********************************************************
Powered by illuminem and GIST Impact

Reporting

sustainability report symbol

Sustainability Report

Available

Sustainability employees


Total sustainability employees

11+



    Available in
    Scale package

    Access
  • Email

  • Email