In 2024, V-zug Holding completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
V-zug Holding has also provided a category-level breakdown for 11 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 3,261a | 3,598a | 3,464a | |
Total Scope 2 | ||||
Market-Based | 280a | 145a | 225a | |
Location-Based | 1,873a | 1,585a | 1,837a | |
Total Scope 3 | 339,979a | 338,078a | 417,617a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 4.9905a | 5.1707a | 5.032a |
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In 2024, the total operational greenhouse gas (GHG) emissions of V-zug Holding amounted to 5,134 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of V-zug Holding decreased by 0.95%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
In 2024, the total Scope 1 emissions of V-zug Holding were 3,261 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, V-zug Holding's Scope 1 emissions have decreased by 23.88%, reflecting a declining long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), V-zug Holding's Scope 1 emissions decreased by 9.37%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, V-zug Holding reported Scope 2 greenhouse gas (GHG) emissions of 280 tCO₂e using the market-based method and 1,873 tCO₂e using the location-based method.a
Compared to the previous year (2023), V-zug Holding's Scope 2 emissions (Location-Based) rose by 18.17% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya
In 2024, V-zug Holding reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, V-zug Holding reported 339,979 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of V-zug Holding includes a breakdown across 11 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
In 2024, V-zug Holding reported total Scope 3 emissions of 339,979 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 26.87% of these emissions originated from upstream activities such as purchased goods and capital goods, while 73.13% came from downstream activities like product use, distribution, and end-of-life treatment.a
Compared to the previous year (2023), V-zug Holding's Scope 3 emissions remained relatively stable, indicating that V-zug Holding's emissions have plateaued with no significant change in its value chain footprint.a
In 2024, V-zug Holding reported emissions for 11 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This reflects a high level of granularity and transparency in the company's emissions reporting.
In 2024, the largest contributors to V-zug Holding's Scope 3 emissions were:a
In 2024, V-zug Holding reported Scope 1 greenhouse gas (GHG) emissions of 3,261 tCO₂e and total revenues of USD 653 millions. This translates into an emissions intensity of 4.99 tCO₂e per millions USD.a
In 2024, V-zug Holding reported a Scope 1 emissions intensity of 4.99 tCO₂e per millions USD. Compared to the peer group median of 8.27, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, V-zug Holding ranked 12 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
V-zug Holding is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, V-zug Holding reported a total carbon footprint of 345,113 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 0.54% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to V-zug Holding's total carbon footprint was Scope 3 emissions, accounting for 98.51% of the company's total carbon footprint, followed by Scope 1 emissions at 0.94%.a