E-commerce / Online Retail

Etsy sustainability score: 44/100

44/100
Below expectations-5 since last review
14th of 26 in E-commerce / Online Retail

Better than 48% of E-commerce / Online Retail

Making progress starts at 46. The highest score on SINK is 71.

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About Etsy

Etsy, Inc. runs online marketplaces that connect independent sellers with buyers, and earns fees rather than holding stock. It is a Delaware company listed in New York and based in Brooklyn; its roots go back to 2005.

More about Etsy

Its 2025 figures, revenue of $2,883.5M and 2,375 employees, include the resale marketplace Depop, which it sold to eBay on 30 July 2026, and the music marketplace Reverb until its sale in June 2025.

Founded 2006Head office Brooklyn, United StatesStaff ~2,375 (at 31 December 2025, including approximately 475 Depop employees; Depop sold to eBay on 30 July 2026)Revenue ~$2,883.5M (FY2025, year to 31 December 2025; includes Depop, sold to eBay on 30 July 2026, and Reverb until 2 June 2025)Website ↗

Read Etsy's own report ↗

Our verdict

Etsy reports 416,998 tCO2e for 2025 in its 10-K, with PwC limited assurance: 333 t of Scope 1, 0 t of market-based Scope 2 and 416,665 t of Scope 3. Depop is included. Sellers' goods are not in the total, though $11.9bn of goods sold. The total fell 9.4%, but about 79% of that is its own category 1 after supplier-specific calculations; shipping and packaging fell only 1.8%. Of its renewable electricity certificates, 68% come from a VPPA and 32% are unbundled, which earn no credit. It retired 250,461 offset credits, which earn no credit. Its Scope 3 target is intensity only. Its 10-K and Climate Index give no water or biodiversity data.

Etsy scores 44/100 (Below expectations) on SINK's independent climate assessment, scored from public data only. Scores are free. Nobody can pay to change a score, speed it up or hide it. Last verified November 2026.

That places Etsy joint 306th of 1,023 companies scored, and 14th of 26 in E-commerce / Online Retail.

The ten questions

What is Etsy doing well, and where does it fall short?

Strongest on Carbon Footprint: Operations and Transparency & Accountability (8/10, 7/10). Weakest on Nature & Biodiversity Impact and Water Impact (1/10, 1/10).

What's missing

Where Etsy lost points

For each question that lost points, the evidence our public rubric looks for that we didn't find.

What would raise this score

  • Its effect on natureShow it knows its main risks to nature.
  • Its effect on waterPublish figures for its water use.
  • Whether its emissions are fallingShow a year-on-year fall in its total emissions.

Every question that lost points

  • Emissions from its own operations8/10No verified figures published with their method and a falling trend.
  • Emissions from its supply chain5/10Most of its supply-chain (Scope 3) emissions aren't measured.
  • Whether its emissions are falling4/10No evidence of a year-on-year fall in its total emissions.
  • How clean its energy is6/10Less than 90% of its energy shown to be renewable.
  • Its effect on nature1/10No evidence it knows its main risks to nature.
  • How it uses materials and handles waste4/10No measurable waste or recycling targets reported publicly.
  • Its effect on water1/10No figures for its water use.
  • Its climate targets6/10Its targets aren't validated by the Science Based Targets initiative.
  • How openly it reports7/10No annual impact report, or no pay linked to climate targets.
  • Its record on controversies7/10Points deducted for controversies or its business model. The finding is under question 10.

A score changes when the evidence does. We use new published evidence at the next rescore. Anyone can send us new evidence, free. How to send it.

The calculation

How is Etsy's SINK score calculated?

Same ten questions for every company. No private weighting.

SINK = (0.3 × Base + 0.7 × Performance) × Scale
Industry base impact
E-commerce / Online Retail sector ceiling.
40 / 100
Performance score
Sum of the ten questions, each scored 0 to 10.
49 / 100
Raw score
Weighted average before scale penalty.
(0.3 × 40) + (0.7 × 49) = 46.3
Scale penalty
Multiplier based on total emissions. Bigger polluters lose more.
× 0.95
Final score
Rounded. Below expectations.
44 / 100
How this score has moved

Has Etsy's score changed?

Etsy's score has moved from 49 to 44 across 2 recorded reviews, down 5 points.

0255075100495 April 2026447 November 2026
  1. 49 → 44-57 November 2026

    Re-scored under the current method, with its FY2025 footprint. Sellers' goods are not in the total, and certificates and offsets earn no credit.

  2. Scored 495 April 2026

    Initial score at platform launch

Where the evidence comes from

What evidence is Etsy's score based on?

13 sources used in this assessment. All publicly available. Each row shows which of the ten questions it informed.

23% of them were published by Etsy itself; the rest come from independent sources.

10 of 13 sources are independent of the company.

[1]SEC filing
Form 10-K for fiscal year ended 31 December 2025

“Scope 1 333 284 330”

2026
Q1Q2Q3Q4Q6Q8Q9
View →
[2]Independent source
PwC Report of Independent Accountants + Management Assertion (signed 19 February 2026)

“perform the review to obtain limited assurance”

2026
Q1
View →
[3]Self-reported
2025 Etsy, Inc. Climate Index

“attributed to reporting period: 4,341”

2026
Q4Q5Q7Q8Q9Q10
View →
[4]Self-reported
Etsy Climate Impact

“generating solar power at our Brooklyn HQ”

Ongoing
Q4Q5
View →
[5]Third-party verified
Science Based Targets initiative — Company targets list

“Etsy, Inc. commits to reach net-zero GHG emissions across the value chain by 2040 from a 2020 base year.”

Ongoing
Q8
View →
[6]Self-reported
Etsy CA VCMDA FY25 (Final)

“We do not use carbon offsets to drive progress toward our emissions reductions targets.”

2026
Q8
View →
[7]SEC filing
Etsy Inc. FY25 Earnings Supplement (Exhibit 99.1 7.30.26)

“successfully completed the previously announced sale of Depop”

2026
Q3
View →
[8]Independent source
Blackburn v. Etsy, Inc. — Climate Case Chart

“Greenwashing lawsuit alleging that Etsy made false representations regarding its offsetting of carbon emissions”

Unknown
Q10
View →
[9]Independent source
Etsy's Carbon Offset Claims — Truth in Advertising

“Falsely claiming that the platform completely offsets the carbon emissions from shipping”

Unknown
Q10
View →
[10]Independent source
Etsy Shakes Off Consumer Suit Challenging Carbon Offset Promise — Bloomberg Law

“alleging it falsely represents that it offsets 100% of carbon emissions generated by shipping”

Unknown
Q10
View →
[11]Independent source
California Federal Court Throws Out Carbon Offset Class Action Against Etsy — Inside Class Actions

“had failed to adequately plead an injury in fact”

2023
Q10
View →
[12]Independent source
Etsy — Shop Ethical

“This company received a CDP Climate Change score of A-.”

Ongoing
Q9Q10
View →
[13]
explore.changeclimate.org

“Reported location-based Scope 1, 2, and 3 emissions totaled 417,580”

Q2
View →

If you believe a source has been misread or a newer version exists, submit a challenge.

For Etsy

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    Etsy: SINK sustainability score 44.

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Etsy in context

How does Etsy compare with other e-commerce / online retail companies?

Where Etsy sits among e-commerce / online retail peers.

Among the 26 major e-commerce / online retail brands we've scored, Etsy sits 14th of 26.

14/26
Etsy's rank
41
Industry average
12
Industry low
54
Industry high
See all 26 in E-commerce / Online Retail →
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