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Vestel Elektronik Sanayi ve Ticaret AS

Common Name
Vestel
Country
Turkey
Sector
Consumer Cyclical
Industry
Furnishings, Fixtures & Appliances
Employees
15,848
Ticker
VESTL.E
Exchange
BORSA ISTANBUL
Description
Vestel Elektronik Sanayi ve Ticaret A.S. is a leading consumer electronics manufacturer based in Turkey, renowned for its wide array of electronic products. The company's primary focus is on the desig...

Vestel's GHG Emissions Data Preview

In 2024, Vestel 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).

Vestel 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)2024202320222021 - 2017
Total Scope 1
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a
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0000000
Total Scope 2
Unspecified Calculation Method
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a
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a
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a
0000000
Total Scope 3
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a
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a
0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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a
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0000000
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Verified Sources Behind Vestel’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Vestel’s data sources below and access millions more through our Disclosure Search.

a. Vestel's Annual Report 2024
a. Vestel's Annual Report 2024
b. Vestel's Annual Report 2023
b. Vestel's Annual Report 2023
c. Vestel's Annual Report 2021
c. Vestel's Annual Report 2021

Insights into Vestel's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions ofVestel amounted to120,378metric 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 Vesteldecreased by 8.66%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a

Vestel's Scope 1 Emissions Over Time

20192020202120222023202405.5 k11 k16.5 k22 ktCO2e+5%+13%-5%-3%-9%
  • Total Scope 1
  • Year-over-Year Change

What are Vestel's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Vestel were 17,388 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Has Vestel reduced its Scope 1 emissions over time?

Since 2019, Vestel's Scope 1 emissions have remained relatively, stable, indicating that Vestel's emissions have plateaued with no significant change in its operational footprint.ac

Compared to the previous year(2023), Vestel's Scope 1 emissions decreased by 9.22%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a

What are Vestel's Scope 2 emissions?

In 2024, Vestel reported Scope 2 greenhouse gas (GHG) emissions of 102,990 tCOâ‚‚e without specifying the calculation method.a

Has Vestel reduced its Scope 2 emissions over time?

Since 2019, Vestel's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method)have decreased by 10.89%, reflecting a declining long-term trend in Scope 2 emissions over time.ac

Compared to the previous year(2023), Vestel's Scope 2 emissions(Unspecified Calculation Method) have remained relatively stable, indicating that Vestel's emissions have plateaued with no significant change in its energy consumption footprint.a

What methodology does Vestel use for Scope 2 reporting?

In 2024, Vestel reported its Scope 2 emissions using an unspecified methodology.a

Vestel's Scope 2 Emissions Over Time

201920202021202220232024035 k70 k105 k140 ktCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Vestel's Value Chain Emissions

In 2024, Vestel reported 11,164,690 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a

The 2024 disclosure of Vestel includes a breakdown across 9of 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

Vestel's Scope 3 Emissions Over Time

20192020202120222023202404 M8 M12 M16 MtCO2e0%-5%-4%-17%-7%
  • Total Scope 3
  • Year-over-Year Change

What are Vestel's Scope 3 emissions?

In 2024, Vestel reported total Scope 3 emissions of 11,164,690 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Approximately 8.18%of these emissions originated from upstream activities such as purchased goods and capital goods, while 91.82%came from downstream activities like product use, distribution, and end-of-life treatment.a

Has Vestel reduced its Scope 3 emissions over time?

Since 2019, Vestel's Scope 3 emissionshave decreased by 30.12%, reflecting a declining long-term trend in Scope 3 emissions over time.ac

Compared to the previous year (2023), Vestel's Scope 3 emissions remained relatively stable, indicating that Vestel's emissions have plateaued with no significant change in its value chain footprint.a

What categories of Scope 3 emissions does Vestel disclose?

In 2024, Vestel 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.

What are the main sources of Vestel's Scope 3 emissions?

In 2024, the largest contributors to Vestel's Scope 3 emissions were:a

  • Use of Sold Products (Cat. 11): 10,247,358 tCOâ‚‚e(91.78%)
  • Purchased Goods and Services (Cat. 1): 676,597 tCOâ‚‚e(6.06%)
  • Upstream Transportation and Distribution (Cat. 4): 94,472 tCOâ‚‚e(0.85%)

Vestel's Scope 3 Emissions by Categories

Use of Sold Products(Cat. 11)(91.8%)Purchased Goods andServices (Cat. 1)(6.1%)

Insights into Vestel’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Vestel reported Scope 1 greenhouse gas (GHG) emissions of 17,388 tCOâ‚‚e and total revenues of USD 4,036 millions. This translates into an emissions intensity of 4.31 tCOâ‚‚e per millions USD.a

Vestel's Scope 1 Emissions Intensity Compared to Peers

501,00010,000100,0001,000,000Scope 1 Emissions (tCO2e)502001,0005,00020,000Revenues (Millions of USD)VVNVNien Made EnterpriseYear: 2023Scope 1: 1,951 tCO2eRevenue: $M 877Scope 1 Intensity: 2.22 tCO2e/$MSurteco GroupYear: 2023Scope 1: 31,972 tCO2eRevenue: $M 924Scope 1 Intensity: 34.59 tCO2e/$MTCM GroupYear: 2024Scope 1: 1,195 tCO2eRevenue: $M 168Scope 1 Intensity: 7.12 tCO2e/$MMan Wah HoldingsYear: 2025Scope 1: 31,473 tCO2eRevenue: $M 2,172Scope 1 Intensity: 14.49 tCO2e/$MArcelikYear: 2024Scope 1: 90,249 tCO2eRevenue: $M 12,117Scope 1 Intensity: 7.45 tCO2e/$MVoltasYear: 2025Scope 1: 2,341 tCO2eRevenue: $M 1,793Scope 1 Intensity: 1.31 tCO2e/$MAmber Enterprises IndiaYear: 2024Scope 1: 6,960 tCO2eRevenue: $M 783Scope 1 Intensity: 8.89 tCO2e/$MHangzhou Robam AppliancesYear: 2024Scope 1: 9,187 tCO2eRevenue: $M 1,536Scope 1 Intensity: 5.98 tCO2e/$MCowayYear: 2024Scope 1: 11,395 tCO2eRevenue: $M 2,937Scope 1 Intensity: 3.88 tCO2e/$MLa-Z-BoyYear: 2025Scope 1: 44,471 tCO2eRevenue: $M 2,109Scope 1 Intensity: 21.08 tCO2e/$MVVVestel Beyaz Esya Sanayi ve TicaretYear: 2023Scope 1: 16,078 tCO2eRevenue: $M 2,067Scope 1 Intensity: 7.78 tCO2e/$MOppein Home GroupYear: 2024Scope 1: 7,317 tCO2eRevenue: $M 2,593Scope 1 Intensity: 2.82 tCO2e/$MCromptonYear: 2025Scope 1: 768 tCO2eRevenue: $M 916Scope 1 Intensity: 0.84 tCO2e/$MMasterbrand IncYear: 2024Scope 1: 39,349 tCO2eRevenue: $M 2,700Scope 1 Intensity: 14.57 tCO2e/$MMartelaYear: 2024Scope 1: 832 tCO2eRevenue: $M 90Scope 1 Intensity: 9.23 tCO2e/$MHisense Home Appliances GroupYear: 2024Scope 1: 241,480 tCO2eRevenue: $M 12,708Scope 1 Intensity: 19.00 tCO2e/$MHowden Joinery GroupYear: 2024Scope 1: 37,478 tCO2eRevenue: $M 2,914Scope 1 Intensity: 12.86 tCO2e/$MMetalfrio SolutionsYear: 2024Scope 1: 462 tCO2eRevenue: $M 354Scope 1 Intensity: 1.30 tCO2e/$MAmicaYear: 2024Scope 1: 8,602 tCO2eRevenue: $M 626Scope 1 Intensity: 13.75 tCO2e/$MVVVictoriaYear: 2025Scope 1: 173,229 tCO2eRevenue: $M 1,447Scope 1 Intensity: 119.75 tCO2e/$MJS Global LifestyleYear: 2024Scope 1: 218 tCO2eRevenue: $M 12,465Scope 1 Intensity: 0.02 tCO2e/$MNNNingbo Deye TechnologyYear: 2024Scope 1: 4,575 tCO2eRevenue: $M 1,536Scope 1 Intensity: 2.98 tCO2e/$MV-ZUG HoldingYear: 2024Scope 1: 3,261 tCO2eRevenue: $M 653Scope 1 Intensity: 4.99 tCO2e/$MCleanupYear: 2024Scope 1: 7,400 tCO2eRevenue: $M 845Scope 1 Intensity: 8.76 tCO2e/$MVVVestelYear: 2024Scope 1: 17,388 tCO2eRevenue: $M 4,036Scope 1 Intensity: 4.31 tCO2e/$M

How does Vestel's GHG emissions intensity compare to its peers?

In 2024, Vestel reported a Scope 1 emissions intensity of 4.31 tCOâ‚‚e per millions USD. Compared to the peer group median of 7.61, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a

Where does Vestel rank on GHG emissions intensity within its industry?

In 2024, Vestel ranked 9 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a

Vestel is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a

Insights into Vestel's Total Carbon Footprint

In 2024, Vestel reported a total carbon footprint of 11,285,068 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 7.16% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a

The largest contributor to Vestel's total carbon footprint was Scope 3 emissions, accounting for 98.93% of the company's total carbon footprint, followed by Scope 2 emissions at 0.91%.a

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