In 2024, VAT Group 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).
VAT Group has also provided a category-level breakdown for 9 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 | 1,449a | 1,061a | 1,219.16b | |
Total Scope 2 | ||||
Market-Based | 1,106a | 6,350.76b | 12,351.3b | |
Location-Based | 16,646a | 10,296.47b | 13,236.46b | |
Total Scope 3 | 451,553a | 369,895a | 25,074b | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 1.3926a | 1.0083a | 0.9838b |
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In 2024, the total operational greenhouse gas (GHG) emissions of VAT Group amounted to 18,095 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 VAT Group increased by 59.32%, suggesting that the company faced challenges in reducing its emissions from its core operations.ab
In 2024, the total Scope 1 emissions of VAT Group were 1,449 metric tons of CO₂ equivalent (tCO₂e).a
Since 2021, VAT Group's Scope 1 emissions have increased by 50.07%, reflecting a rising long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), VAT Group's Scope 1 emissions increased by 36.57%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, VAT Group reported Scope 2 greenhouse gas (GHG) emissions of 1,106 tCO₂e using the market-based method and 16,646 tCO₂e using the location-based method.a
Since 2021, VAT Group's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have increased by 44.58%, reflecting a rising long-term trend in Scope 2 emissions over time.ab
Compared to the previous year (2023), VAT Group's Scope 2 emissions (Location-Based) rose by 61.67% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energyab
In 2024, VAT Group reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, VAT Group reported 451,553 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 VAT Group includes a breakdown across 9 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, VAT Group reported total Scope 3 emissions of 451,553 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 73.46% of these emissions originated from upstream activities such as purchased goods and capital goods, while 26.54% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2021, VAT Group's Scope 3 emissions have increased by 2,831.02%, reflecting a rising long-term trend in Scope 3 emissions over time.ab
Compared to the previous year (2023), VAT Group's Scope 3 emissions increased by 22.08%, suggesting that the company faced challenges in reducing emissions across its value chain.a
In 2024, VAT Group reported emissions for 9 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This partial disclosure allows for some insight into the company's indirect impacts.
In 2024, the largest contributors to VAT Group's Scope 3 emissions were:a
In 2024, VAT Group reported Scope 1 greenhouse gas (GHG) emissions of 1,449 tCO₂e and total revenues of USD 1,040 millions. This translates into an emissions intensity of 1.39 tCO₂e per millions USD.a
In 2024, VAT Group reported a Scope 1 emissions intensity of 1.39 tCO₂e per millions USD. Compared to the peer group median of 6.6, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, VAT Group ranked 1 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places VAT Group among the top performers, with one of the lowest emissions intensities relative to peers.a
In 2024, VAT Group reported a total carbon footprint of 469,648 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 23.19% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.ab
The largest contributor to VAT Group's total carbon footprint was Scope 3 emissions, accounting for 96.15% of the company's total carbon footprint, followed by Scope 2 emissions at 3.54%.a