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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 2024, 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 6 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)202420232022
2021 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Limited Data Preview
You are viewing a limited preview of VGP’s GHG emissions dataset. The full dataset, available for download, includes Scope 1, 2, and 3 emissions with detailed category-level breakdowns, historical coverage back to 2020, and revenue-based intensity metrics for each scope.
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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 Annual Report 2024
a. VGP's Annual Report 2024

Insights into VGP's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of VGP amounted to 1,006 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 VGP decreased by 5.81%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a

VGP's Scope 1 Emissions Over Time

2020202120222023202402505007501 ktCO2e+1%+9%0%-20%
  • Total Scope 1
  • Year-over-Year Change

What are VGP's Scope 1 emissions?

In 2024, the total Scope 1 emissions of VGP were 742 metric tons of CO₂ equivalent (tCO₂e).a

Has VGP reduced its Scope 1 emissions over time?

Since 2020, VGP's Scope 1 emissions have decreased by 11.77%, reflecting a declining long-term trend in Scope 1 emissions over time.a

Compared to the previous year (2023), VGP's Scope 1 emissions decreased by 19.7%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a

What are VGP's Scope 2 emissions?

In 2024, VGP reported Scope 2 greenhouse gas (GHG) emissions of 142 tCO₂e using the market-based method and 264 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 107.87%, reflecting a rising long-term trend in Scope 2 emissions over time.a

Compared to the previous year (2023), VGP's Scope 2 emissions (Location-Based) rose by 83.33% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya

What methodology does VGP use for Scope 2 reporting?

In 2024, 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

20202021202220232024070140210280tCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into VGP's Value Chain Emissions

In 2024, VGP reported 203,254 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 VGP includes a breakdown across 6 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

VGP's Scope 3 Emissions Over Time

202020212022202320240150 k300 k450 k600 ktCO2e+15%+64%-34%-23%
  • Total Scope 3
  • Year-over-Year Change

What are VGP's Scope 3 emissions?

In 2024, VGP reported total Scope 3 emissions of 203,254 metric tons of CO₂ equivalent (tCO₂e).a

Approximately 2.84% of these emissions originated from upstream activities such as purchased goods and capital goods, while 97.16% 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 emissionshave remained relatively stable, indicating that VGP's emissions have plateaued with no significant change in its value chain footprint.a

Compared to the previous year (2023), VGP's Scope 3 emissions decreased by 23.4%, highlighting the company's efforts to lower indirect emissions from its value chain.a

What categories of Scope 3 emissions does VGP disclose?

In 2024, VGP reported emissions for 6 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 2024, the largest contributors to VGP's Scope 3 emissions were:a

  • Downstream Leased Assets (Cat. 13): 43,271 tCO₂e (97.16%)
  • Business Travel (Cat. 6): 850 tCO₂e (1.91%)
  • Fuel- and Energy-Related Services (Cat. 3): 247 tCO₂e (0.55%)

VGP's Scope 3 Emissions by Categories

Business Travel(Cat. 6)(1.9%)Downstream LeasedAssets (Cat. 13)(97.2%)

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

In 2024, VGP reported Scope 1 greenhouse gas (GHG) emissions of 742 tCO₂e and total revenues of USD 131 millions. This translates into an emissions intensity of 5.68 tCO₂e per millions USD.a

VGP's Scope 1 Emissions Intensity Compared to Peers

202001,00010,000100,000Scope 1 Emissions (tCO2e)501002005001,000Revenues (Millions of USD)CAKWihlborgs 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: 2024Scope 1: 51 tCO2eRevenue: $M 431Scope 1 Intensity: 0.12 tCO2e/$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: $M 355Scope 1 Intensity: 4.70 tCO2e/$MS ImmoYear: 2024Scope 1: 11,694 tCO2eRevenue: $M 396Scope 1 Intensity: 29.49 tCO2e/$MWallenstamYear: 2024Scope 1: 477 tCO2eRevenue: $M 288Scope 1 Intensity: 1.66 tCO2e/$MPaz Retail and EnergyYear: 2022Scope 1: 33,695 tCO2eRevenue: $M 175Scope 1 Intensity: 192.07 tCO2e/$MFabegeYear: 2022Scope 1: 54 tCO2eRevenue: $M 319Scope 1 Intensity: 0.17 tCO2e/$MNP3 FastigheterYear: 2024Scope 1: 254 tCO2eRevenue: $M 181Scope 1 Intensity: 1.41 tCO2e/$MAllreal HoldingYear: 2024Scope 1: 4,000 tCO2eRevenue: $M 464Scope 1 Intensity: 8.62 tCO2e/$MAAAltus GroupYear: 2024Scope 1: 476 tCO2eRevenue: $M 361Scope 1 Intensity: 1.32 tCO2e/$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: 2024Scope 1: 5,355 tCO2eRevenue: $M 412Scope 1 Intensity: 13.00 tCO2e/$MWHAYear: 2023Scope 1: 1,401 tCO2eRevenue: $M 432Scope 1 Intensity: 3.24 tCO2e/$MJeudanYear: 2024Scope 1: 87 tCO2eRevenue: $M 238Scope 1 Intensity: 0.36 tCO2e/$MAmot InvestmentsYear: 2023Scope 1: 395 tCO2eRevenue: $M 308Scope 1 Intensity: 1.28 tCO2e/$MVGPYear: 2024Scope 1: 742 tCO2eRevenue: $M 131Scope 1 Intensity: 5.68 tCO2e/$M

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

In 2024, VGP reported a Scope 1 emissions intensity of 5.68 tCO₂e per millions USD. Compared to the peer group median of 2.35, 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 2024, VGP ranked 14 out of 20 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 2024, VGP reported a total carbon footprint of 204,260 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 23.33% decrease compared to 2023, 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 99.51% of the company's total carbon footprint, followed by Scope 1 emissions at 0.36%.a

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