As of 2023, Vertex has disclosed 2 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 2 absolute reduction targets, signaling the company's commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Vertex's climate strategy, ambition level, and alignment with global decarbonization goals.
| Target Type | Scope of Target | Unit | Target | Target Year |
|---|---|---|---|---|
Absolute-based Target* | Scope 1 - Total, Scope 2 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | -50%a | 2030 |
Absolute-based Target* | Scope 3 - Purchased Goods and Services (Cat. 1) | Metric Tonnes of CO2 equivalent (mtCO2e) | -40%a | 2030 |
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As of 2023, Vertex has set greenhouse gas (GHG) emissions reduction targets that cover both its operational emissions (Scope 1 and 2) and value chain emissions (Scope 3), offering a comprehensive view of its total carbon footprint.a
As of 2023, Vertex has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources.a
Vertex's most ambitious operational target is to reduce these emissions by 50% by 2030, compared to a baseline of 12,048 Metric Tonnes of CO2 equivalent (mtCO2e) in 2018.a
As of 2023, Vertex is ahead of schedule on its operational emissions reduction target, having achieved 86.62% of the planned reduction.a
As of 2023, Vertex has set a target to reduce its value chain greenhouse gas (GHG) emissions, covering 1 out of the 15 Scope 3 categories defined by the GHG Protocol.a
Vertex's most ambitious value chain target is to reduce these emissions by 40% by 2030, compared to a baseline of 124,731 Metric Tonnes of CO2 equivalent (mtCO2e) in 2018.a
Vertex has already surpassed its value chain emissions reduction target, with 2023 levels falling below the 2030 value, achieving its climate goal ahead of schedule.a