Carbon Emissions Reduced by 39% Since 2019 Baseline Year

London, 30 June 2026 - In 2025, with year-on-year reductions across shipping, travel, IT and Publishing, Christie's, the world's leading art and luxury business, has reduced its carbon emissions by 39% against its 2019 baseline year. With refurbishments to its New York headquarters in Rockefeller Center, emissions related to procurement accounted for 54% of the total emissions in 2025. This three-year project includes investments in infrastructure, which will improve emissions from the building in the long term. As a result, total emissions have increased 16% year-on-year.

In 2021, Christie's was the first international auction house to commit to sustainability objectives and remains the only house committed to going beyond the regulatory minimums in pursuit of reducing its environmental footprint. The company is on track to realize its ambitions to reduce emissions by 90% by 2050, a goal validated by the SBTi.

Due to improvements in data collection and new methodologies in reporting, figures for 2019, the baseline year, and 2024, have been restated. Following the acquisition of Gooding Christie's, a recalculation of emissions was also required, which contributed 3% (1,517 tCO2e) to overall carbon emissions for 2025.

David Findlay, Christie's Head of Sustainability, commented: "We were transparent last year that, to comply with improved methodologies, we would be undertaking a restatement. This review of data recorded since 2019, has improved the accuracy of our numbers and coincided with a necessary improvement to our New York space. Across logistics, travel, energy use, waste management, packing materials and supplier engagement, we continue to integrate emissions reduction into day-to-day decision-making. These factors can influence both the pace and delivery of change, but they do not alter our direction."

In 2025, Christie's built on existing partnerships across logistics, packaging, and IT, to improve data quality, increase transparency, and support the adoption of lower-carbon practices. As an active member of the Gallery Climate Coalition (GCC), Christie's co-sponsored the GCC's first Stocktake Report, published for the launch of London's inaugural Art + Climate Week in November 2025, which was hosted at Christie's King Street.

In 2025, total emissions within Christie's reporting boundary amounted to 48,262 tCO2e.

2025 emissions summary

Buildings
3,151 tCO2e (7% of total emissions); energy used in buildings, refrigerants, waste, water, paper, and employee commuting.
In 2025, building emissions increased by 4% from 2024 but decreased by 62% from the base year 2019. The increase was largely due to off-site sales at Gooding Christie's.

• Ongoing energy audits continue to identify efficiency opportunities. Electricity, heat and steam emissions decreased by 12%, a result of the cumulative impact of improvements made throughout the global property portfolio.
• Improvements in recycling and waste management practices, contributing to a 5% reduction in waste treatment emissions year-on-year.
• Maintenance of 100% renewable electricity coverage through a combination of direct procurement and renewable energy certificates (RECs).

IT
5,128 tCO2e (11% of total emissions); IT procurement, data centers, post and telecommunications, e-waste, and on-blockchain activities.
In 2025, IT emissions decreased by 5% from 2024. They were 33% above 2019 levels given ongoing investment in digital capabilities to support business growth and transformation.

• 3 more companies added to the IT supplier engagement program to improve data quality and transparency.
• Increased use of activity-based emissions data from key suppliers, improving the accuracy of cloud-related emissions accounting.
• Transitioned to more energy-efficient facilities.
• Close-to-zero e-waste emissions (related to redundant technology equipment).

Shipping
8,272 tCO2e (17% of total emissions); inbound and outbound freight, exhibition tours, other internal logistics and storage, and packaging.
In 2025, shipping emissions decreased by 1% and by 62% from the 2019 base year.

• Continued implementation of the Sustainable Shipping Standard program, supporting small and medium-sized suppliers.
• Expansion of reusable packaging solutions, including Earth Crate and Rok Box.
• Expanding the Extended Producer Responsibility (EPR) compliance processes, to improve data quality and promote more sustainable packaging.
• Progress towards the phase-out of polystyrene and bubble wrap in Europe, in collaboration with suppliers.
• Continued promotion of lower-carbon transport options, especially sea freight for wine shipments and a twice-yearly container service from New York to Hong Kong.

Business travel
5,157 tCO2e (11% of total emissions).
Last year travel emissions decreased by 16% and were down by 67% from 2019. The new travel policy from last year and behavior change alongside a reduction in the emissions intensity of air travel, has contributed to the year-on-year decrease.

• An increase in international rail travel compared to 2024.
• Business class tickets reserved for long-haul and predominantly for overnight flights.
• Greater use of public transport, fewer company cars and lower taxi usage.

Procurement
26,237 tCO2e (54% of total emissions); purchased goods and services and capital goods.
This was a new category introduced last year to align reporting with new SBTi requirements. The emissions increase in 2025 was primarily driven by the renovation of Rockefeller Center in New York. This project, which will conclude after 2027, was a necessary investment for the future and will increase efficiency as updates include:

• Reused over 50% of materials including library shelving and furniture.
• Recycled over 50% of construction waste.
• New LED lighting will save around 60% in energy use.
• New cooling chillers installed for re-purposing excess heat, 20% more efficient.
• Progress made towards a paperless office environment.

Estimating emissions for purchased goods and services remains complex as data comes from suppliers. Emissions within direct operational control, Scopes 1 and 2, accounted for 2% of total emissions in 2025. Scope 3 indirect emissions (much of which sits within Procurement) continue to represent the largest share of Christie's total carbon footprint but remain 35% below 2019 levels.

• Across our top 5 high-spend categories, including IT, applied more stringent criteria for emissions accounting from 30 to 50 of our leading suppliers and made them more accountable.
• More accurate tools available last year resulted in a restatement of our emissions (from third-party suppliers) for 2024.
• Procurement emissions were also influenced by an increase in spend, largely driven by the Rockefeller Center renovations, as well as the acquisition of Gooding Christie's.

Publishing
299 tCO2e (less than 1% of total emissions); production and distribution of printed material.

(Press Release)