VGP NV

Common Name
VGP
Country
Belgium
Sector
Real Estate
Industry
Real Estate Services
Employees
412
Ticker
VGP
Exchange
EURONEXT
Description
VGP NV is a real estate company that specializes in the development, management, and ownership of high-quality logistics and semi-industrial properties across Europe. Founded in 1998 and headquartered...

VGP's GHG Emissions Data Preview

In 2023, VGP 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).

VGP has also provided a category-level breakdown for 5 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2023202220212020 - 2017
Total Scope 1
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0000000
Total Scope 2
Market-Based
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0000000
Location-Based
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0000000
Total Scope 3
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0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind VGP’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 VGP’s data sources below and access millions more through our Disclosure Search.

a. VGP's Corporate Responsibility Report (CRR) 2023
a. VGP's Corporate Responsibility Report (CRR) 2023

Insights into VGP's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of VGP amounted to 1,068 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 2022, the total operational greenhouse gas (GHG) emissions of VGP increased by 2.79%, suggesting that the company faced challenges in reducing its emissions from its core operations. a

VGP's Scope 1 Emissions Over Time

202020212022202302505007501 ktCO2e+1%+9%0%
  • Total Scope 1
  • Year-over-Year Change

What are VGP's Scope 1 emissions?

In 2023, the total Scope 1 emissions of VGP were 924 metric tons of CO₂ equivalent (tCO₂e). a

Has VGP reduced its Scope 1 emissions over time?

Since 2020, VGP's Scope 1 emissions have increased by 9.87%, reflecting a rising long-term trend in Scope 1 emissions over time. a

Compared to the previous year (2022), VGP's Scope 1 emissions remained relatively stable, indicating that VGP's emissions have plateaued with no significant change in its operational footprint. a

What are VGP's Scope 2 emissions?

In 2023, VGP reported Scope 2 greenhouse gas (GHG) emissions of 17 tCO₂e using the market-based method and 144 tCO₂e using the location-based method. a

Has VGP reduced its Scope 2 emissions over time?

Since 2020, VGP's Scope 2 greenhouse gas (GHG) emissions ( Location-Based) have increased by 13.39%, reflecting a rising long-term trend in Scope 2 emissions over time. a

Compared to the previous year (2022), VGP's Scope 2 emissions (Location-Based) rose by 27.43% in 2023, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy a

What methodology does VGP use for Scope 2 reporting?

In 2023, VGP reported its Scope 2 emissions using the market-based method and using the location-based method. a

VGP's Scope 2 Emissions Over Time

202020212022202304080120160tCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into VGP's Value Chain Emissions

In 2023, VGP reported 419,097 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 2023 disclosure of VGP includes a breakdown across 5 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year. a

VGP's Scope 3 Emissions Over Time

20202021202220230200 k400 k600 k800 ktCO2e+9%+71%-33%
  • Total Scope 3
  • Year-over-Year Change

What are VGP's Scope 3 emissions?

In 2023, VGP reported total Scope 3 emissions of 419,097 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 1% of these emissions originated from upstream activities such as purchased goods and capital goods, while 99% came from downstream activities like product use, distribution, and end-of-life treatment. a

Has VGP reduced its Scope 3 emissions over time?

Since 2020, VGP's Scope 3 emissions have increased by 24.1%, reflecting a rising long-term trend in Scope 3 emissions over time. a

Compared to the previous year (2022), VGP's Scope 3 emissions decreased by 33.14%, highlighting the company's efforts to lower indirect emissions from its value chain. a

What categories of Scope 3 emissions does VGP disclose?

In 2023, VGP reported emissions for 5 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 VGP's Scope 3 emissions?

In 2023, the largest contributors to VGP's Scope 3 emissions were: a

  • Downstream Leased Assets (Cat. 13): 104,863 tCO₂e (99%)
  • Business Travel (Cat. 6): 682.4 tCO₂e (0.64%)
  • Fuel- and Energy-Related Services (Cat. 3): 231.3 tCO₂e (0.22%)

VGP's Scope 3 Emissions by Categories

Downstream LeasedAssets (Cat. 13)(99.0%)

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

In 2023, VGP reported Scope 1 greenhouse gas (GHG) emissions of 924 tCO₂e and total revenues of USD 133 millions. This translates into an emissions intensity of 6.95 tCO₂e per millions USD. a

VGP's Scope 1 Emissions Intensity Compared to Peers

51005,000200,00010,000,000Scope 1 Emissions (tCO2e)501002001,0002,000Revenues (Millions of USD)CKRMR GroupYear: 2023Scope 1: 2,394,468 tCO2eRevenue: $M 962Scope 1 Intensity: 2,488.23 tCO2e/$MHysan DevelopmentYear: 2023Scope 1: 1,754 tCO2eRevenue: $M 411Scope 1 Intensity: 4.27 tCO2e/$MSagaxYear: 2024Scope 1: 5 tCO2eRevenue: $M 459Scope 1 Intensity: 0.01 tCO2e/$MWihlborgs FastigheterYear: 2024Scope 1: 510 tCO2eRevenue: $M 379Scope 1 Intensity: 1.35 tCO2e/$MDeutsche EuroShopYear: 2023Scope 1: 4,756 tCO2eRevenue: $M 302Scope 1 Intensity: 15.72 tCO2e/$MBranicks GroupYear: 2023Scope 1: 269 tCO2eRevenue: $M 301Scope 1 Intensity: 0.89 tCO2e/$MOlav Thon EiendomsselskapYear: 2023Scope 1: 67 tCO2eRevenue: $M 475Scope 1 Intensity: 0.14 tCO2e/$MSinyi RealtyYear: 2023Scope 1: 497 tCO2eRevenue: $M 463Scope 1 Intensity: 1.07 tCO2e/$MPowerlong Commercial ManagementYear: 2023Scope 1: 6,615 tCO2eRevenue: $M 406Scope 1 Intensity: 16.31 tCO2e/$MCCCencosud ShoppingYear: 2024Scope 1: 1,669 tCO2eRevenue: $M 355Scope 1 Intensity: 4.70 tCO2e/$MWallenstamYear: 2024Scope 1: 477 tCO2eRevenue: $M 288Scope 1 Intensity: 1.66 tCO2e/$MAllreal HoldingYear: 2024Scope 1: 4,000 tCO2eRevenue: $M 464Scope 1 Intensity: 8.62 tCO2e/$MBinjiang Service GroupYear: 2023Scope 1: 443 tCO2eRevenue: $M 432Scope 1 Intensity: 1.03 tCO2e/$MKKKwg Living Group HoldingsYear: 2024Scope 1: 1,625 tCO2eRevenue: $M 536Scope 1 Intensity: 3.03 tCO2e/$MMobimo HoldingYear: 2024Scope 1: 2,802 tCO2eRevenue: $M 273Scope 1 Intensity: 10.25 tCO2e/$MMultiplan Empreendimentos ImobiliariosYear: 2023Scope 1: 3,749 tCO2eRevenue: $M 418Scope 1 Intensity: 8.96 tCO2e/$MWHAYear: 2023Scope 1: 1,401 tCO2eRevenue: $M 432Scope 1 Intensity: 3.24 tCO2e/$MAmot InvestmentsYear: 2023Scope 1: 395 tCO2eRevenue: $M 308Scope 1 Intensity: 1.28 tCO2e/$MVGPYear: 2023Scope 1: 924 tCO2eRevenue: $M 133Scope 1 Intensity: 6.95 tCO2e/$M

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

In 2023, VGP reported a Scope 1 emissions intensity of 6.95 tCO₂e per millions USD. Compared to the peer group median of 3.14 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a

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

In 2023, VGP ranked 13 out of 18 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

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

Insights into VGP's Total Carbon Footprint

In 2023, VGP reported a total carbon footprint of 420,165 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 33.08% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output. a

The largest contributor to VGP's total carbon footprint was Scope 3 emissions, accounting for 99.75% of the company's total carbon footprint, followed by Scope 1 emissions at 0.22%. a

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