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Vestel Elektronik Sanayi ve Ticaret AS

Common Name
Vestel
Country
Turkey
Sector
Consumer Cyclical
Industry
Furnishings, Fixtures & Appliances
Employees
12,371
Ticker
VESTL.E
Exchange
Borsa İstanbul
Description
Vestel Elektronik Sanayi ve Ticaret A.S. is a Turkey-based consumer electronics and home appliances manufacturer and distributor. The company focuses on designing, producing, and marketing a broad ran...

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)2024202320222021-2019
Total Scope 1
17,388a
19,153a
19,839a
Total Scope 2
Unspecified Calculation Method
102,990a
112,644a
111,721a
Total Scope 3
11,164,690a
12,024,226a
14,573,406a
Total Scope 1 Revenue Intensity (tCO2e/$M)
4.3083a
5.043a
3.34a
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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.

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

Insights into Vestel's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Vestel amounted to 120,378 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 Vestel decreased 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 CO₂ equivalent (tCO₂e).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 tCO₂e 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 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 Vestel 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

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 CO₂ equivalent (tCO₂e).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 emissions have 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 tCO₂e (91.78%)
  • Purchased Goods and Services (Cat. 1): 676,597 tCO₂e (6.06%)
  • Upstream Transportation and Distribution (Cat. 4): 94,472 tCO₂e (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 tCO₂e and total revenues of USD 4,036 millions. This translates into an emissions intensity of 4.31 tCO₂e per millions USD.a

Vestel's Scope 1 Emissions Intensity Compared to Peers

505005,00050,000500,000Scope 1 Emissions (tCO2e)1005002,00010,00020,000Revenues (Millions of USD)Surteco GroupYear: 2025Scope 1: 32,462 tCO2eRevenue: $M 965Scope 1 Intensity: 33.62 tCO2e/$MCleanupYear: 2024Scope 1: 7,400 tCO2eRevenue: $M 845Scope 1 Intensity: 8.76 tCO2e/$MMetalfrio SolutionsYear: 2024Scope 1: 462 tCO2eRevenue: $M 354Scope 1 Intensity: 1.30 tCO2e/$MJS Global LifestyleYear: 2024Scope 1: 218 tCO2eRevenue: $M 1,593Scope 1 Intensity: 0.14 tCO2e/$MMasterbrand IncYear: 2024Scope 1: 39,349 tCO2eRevenue: $M 2,700Scope 1 Intensity: 14.57 tCO2e/$MLeggett & PlattYear: 2024Scope 1: 203,793 tCO2eRevenue: $M 4,384Scope 1 Intensity: 46.49 tCO2e/$MLa-Z-BoyYear: 2025Scope 1: 44,471 tCO2eRevenue: $M 2,109Scope 1 Intensity: 21.08 tCO2e/$MMillerKnollYear: 2025Scope 1: 36,031 tCO2eRevenue: $M 3,670Scope 1 Intensity: 9.82 tCO2e/$MGeneralYear: 2024Scope 1: 13,453 tCO2eRevenue: $M 2,111Scope 1 Intensity: 6.37 tCO2e/$MSteelcase IncYear: 2025Scope 1: 32,542 tCO2eRevenue: $M 3,166Scope 1 Intensity: 10.28 tCO2e/$MMan Wah HoldingsYear: 2025Scope 1: 31,473 tCO2eRevenue: $M 2,172Scope 1 Intensity: 14.49 tCO2e/$MHangzhou Robam AppliancesYear: 2024Scope 1: 9,187 tCO2eRevenue: $M 1,536Scope 1 Intensity: 5.98 tCO2e/$MHNIYear: 2024Scope 1: 48,252 tCO2eRevenue: $M 2,526Scope 1 Intensity: 19.10 tCO2e/$MRinnaiYear: 2024Scope 1: 34,320 tCO2eRevenue: $M 2,841Scope 1 Intensity: 12.08 tCO2e/$MOppein Home GroupYear: 2024Scope 1: 7,317 tCO2eRevenue: $M 2,593Scope 1 Intensity: 2.82 tCO2e/$MCowayYear: 2024Scope 1: 11,395 tCO2eRevenue: $M 2,937Scope 1 Intensity: 3.88 tCO2e/$MVoltasYear: 2025Scope 1: 2,341 tCO2eRevenue: $M 1,793Scope 1 Intensity: 1.31 tCO2e/$MZhejiang SuporYear: 2024Scope 1: 27,727 tCO2eRevenue: $M 3,073Scope 1 Intensity: 9.02 tCO2e/$MVictoriaYear: 2025Scope 1: 173,229 tCO2eRevenue: $M 1,447Scope 1 Intensity: 119.75 tCO2e/$MHowden Joinery GroupYear: 2025Scope 1: 36,690 tCO2eRevenue: $M 3,256Scope 1 Intensity: 11.27 tCO2e/$MArcelikYear: 2024Scope 1: 90,249 tCO2eRevenue: $M 12,117Scope 1 Intensity: 7.45 tCO2e/$MVestel Beyaz Esya Sanayi ve TicaretYear: 2023Scope 1: 16,078 tCO2eRevenue: $M 2,067Scope 1 Intensity: 7.78 tCO2e/$MVestelYear: 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 tCO₂e per millions USD. Compared to the peer group median of 9.42, 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 6 out of 22 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e 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 CO₂ equivalent (tCO₂e) 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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