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  7. Shopify
Company logo

Shopify | Sustainability Performance

https://www.shopify.com

Provides e-commerce platforms and solutions for businesses to create and manage online stores.

2006

Canada

5,001 - 10,000 employees

Computer Software

$10B+ in revenue

$1B - 10B in profitability

Submit or report inaccurate dataDownload Company Insights

Sustainability Ranking & Industry Benchmark

#297
Overall
#8
in Canada
#10
in Computer Software

Sustainability Maturity

​​0123456789​​%

Sustainability Intent

Available in
Scale package

Access
​​0123456789​​%

Industry Rank

211 out of 390

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

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Descartes

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CO2 scope 1 + 2

679.0 CO2e tonnes, 2024
Leading

Female employees

37% 2024
Laggard

Externalities

1.1M $, 2024
Laggard

Market cap

153.8B $, 2026▼9.6% YoY

Revenue

11.6B $, 2025▼23.2% YoY

R&D intensity

13.18% 2025

Carbon emissions

Reveal data for 1 credit

Industry rank: 2 out of 390


Total CO2 emissions
(CO2e tonnes)

Industry rank: 2 out of 390

Scope 1
Scope 2 location based
Scope 3 downstream
Scope 3 upstream
Industry benchmark
(adj. for revenues)
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Renewable energy

Reveal data for 1 credit
%2024

Industry rank: Beyond Top 100


Total energy consumption
and % renewables
(MWh, % of consumption)

Industry rank: Beyond Top 100

Total energy

Share of renewable energy

Industry benchmark

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Renewable electricity

Reveal data for 1 credit
%2024

Industry rank: Beyond Top 100


Total electricity consumption
and % renewables
(MWh, % of consumption)

Industry rank: Beyond Top 100

Total electricity

Share of renewable electricity

Industry benchmark

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
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Controversy level


Very Low
Low
Noticeable
High
Severe
Download Controversy Analysis
  • Shopify has faced sustained merchant disputes over the 2022 US Marketplace Sellers Act enforcement, plus the highprofile 2023 mass layoffs affecting 1,000+ employees and the contested decision to host controversial sites including the Kanye West merchandise dispute.
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Carbon emissions breakdown

Reveal data for 2 credits

KPIMetricYear
20202021202220232024Benchmark
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Carbon certificate projects

Reveal data for 3 credits

Sector:
SubsectorCountryTransaction date
ⓘ
20162017201820192020Total
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Powered by AlliedOffsets and illuminem

Energy consumption breakdown

Reveal data for 2 credits

KPIMetricYear
20202021202220232024Benchmark
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Climate risk

OverallAcuteChronic
Reveal data for 20 credits
Unlock Acute & Chronic
27 assets assessed
ScenarioComing soon
45Moderate
$23.0Bestimated 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
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PDF: Potentially Disappeared Fraction (of species) due to corporate activities

Land use

Reveal data for 2 credits

KPIMetricYear
20202021202220232024Benchmark
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Diversity & inclusion

Reveal data for 3 credits

KPIMetricYear
20202021202220232024Benchmark
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Pay gap breakdown

Reveal data for 1 credit

KPIMetricYear
20202021202220232024Benchmark
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Externalities

Reveal data for 1 credit

KPIMetricYear
20202021202220232024Benchmark
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Market cap

153.8B $, 2026▼9.6% YoY

Revenue

11.6B $, FY2025▼23.2% YoY

EBITDA

1.5B $, FY2025▼9.1% YoY

Operating margin

13% Industry: -18▼5.5% YoY

P/E ratio

170.6 Industry: 25▼59.8% YoY

Revenue & EBITDA

$11.6BFY2025 revenue

Total Annual
Revenue & EBITDA
($ B)

Annual revenue
EBITDA
3 year change
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Margin trends


Margin as % of revenue

Gross margin
Operating margin
Net margin

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Free cashflow

2.0B 2025▼20.4% YoY

Capex

26.0M 2025▼26.9% YoY

R&D intensity

13.2%FY2025

R&D as % of revenue

Return on invested capital (ROIC)
Industry benchmark

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Return on invested capital

9.0%FY2026

Return on invested capital (ROIC)
Industry benchmark

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Analyst revenue estimates & actuals


Analyst consensus vs actuals
($ B)

Actual revenue
Consensus estimates
Estimate only

7.1

▼ 1.0%

2023

8.9

▼ 1.0%

2024

11.6

▼ 1.3%

2025

40.7

2031

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Sustainability targets and commitments

Reveal data for 1 credit
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

62%
Independent Directors

8 out of 13 incl. management

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Overall score

27

Environment

17

Social

30

Governance

34

Exclusion screening

Adult content

Available

Alcoholic

Available

Animal testing

Not available

Firearms

Available

Tobacco

Not available

Gambling

Not available

Nuclear

Not available

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SDG impact

Reveal data for 5 credits
2024

Powered by illuminem and GIST Impact

SDG impact (historical)

Reveal data for 5 credits

KPIMetricYear
20192020202120222023Benchmark
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Reporting

sustainability report symbol

Sustainability Report

Available

Sustainability employees


Total sustainability employees

11+



    Available in
    Scale package

    Access
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