- Challenging economic conditions in New Zealand impacted consumer spending and profitability.
- Poor operational execution exacerbated challenges.
- Decline in market share in some key categories.
- Products and pricing at The Warehouse did not meet expectations.
- Underperformance of Torpedo7 and TheMarket.com.
The Warehouse Group Limited
Greenhouse gas emissions & sustainability report data
In its 2024 reporting, The Warehouse Group Limited disclosed greenhouse gas emissions of 26.4K tCO2e/year (Market-based). By scope: Scope 1: 2.8K tCO2e/year; Scope 2: 5.5K tCO2e/year (Market-based); Scope 3: 18.1K tCO2e/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
26.4K tCO2e/year (Market-based)
2024
Waste
12.7K tons/year
2024
Energy Use
25.8M GJ/year
2024
📊 Emissions by Scope (2024)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 2.8K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 5.5K tCO2e/year (Market-based) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 18.1K tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Reduced market-based Scope 1 and 2 emissions by 30.4% compared to FY23 and 29.8% compared to the 2020 base year.
- Reduced market-based Scope 2 emissions to zero for 63 stores and sites through a partnership with Lodestone Energy.
- Diverted 77.7% of operational waste from landfill (up from 72.9% in FY23).
- Recycled 257.1 tonnes of post-consumer waste (up from 198.9 tonnes in FY23).
🎯 Climate & Sustainability Targets
🔜 Short-term
- Increase share of private-label sales from more sustainable products to 50% by 2025.
- Increase share of private-label sales from products with more sustainable packaging to 50% by 2025.
- Become a zero-waste status organisation by 2025.
- Install EV charging stations at all possible stores by 2030.
- Enable 2.5 million customers to use waste recycling solutions by 2030.
📅 Medium-term
- Reduce Scope 1 and 2 emissions by 42% by 2030 (compared to 2020 base year).
🔭 Long-term
- Achieve zero emissions in operations by 2040.
🌱 ESG Focus Areas
SustainabilityEmployee Health, Safety, and WellbeingDiversity, Equality, and InclusionEthical SourcingClimate Change