In 2024, Victrex 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).
However, Victrex has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 18,085a | 20,958a | 24,374a | |
Total Scope 2 | ||||
Market-Based | 3,172a | 5,772a | N/A | |
Location-Based | 16,265a | 14,712a | 10,015a | |
Total Scope 3 | 57,527a | 87,128a | 67,994a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 45.6216a | 55.9346a | 63.9945a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Victrex amounted to 34,350 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 Victrex decreased by 3.7%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
In 2024, the total Scope 1 emissions of Victrex were 18,085 metric tons of CO₂ equivalent (tCO₂e).a
Since 2020, Victrex's Scope 1 emissions have remained relatively, stable, indicating that Victrex's emissions have plateaued with no significant change in its operational footprint.a
Compared to the previous year (2023), Victrex's Scope 1 emissions decreased by 13.71%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Victrex reported Scope 2 greenhouse gas (GHG) emissions of 3,172 tCO₂e using the market-based method and 16,265 tCO₂e using the location-based method.a
Since 2020, Victrex's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have increased by 76.56%, reflecting a rising long-term trend in Scope 2 emissions over time.a
Compared to the previous year (2023), Victrex's Scope 2 emissions (Location-Based) rose by 10.56% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya
In 2024, Victrex reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Victrex reported 57,527 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 Victrex includes a breakdown across 0 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
In 2024, Victrex reported total Scope 3 emissions of 57,527 metric tons of CO₂ equivalent (tCO₂e).a
Compared to the previous year (2023), Victrex's Scope 3 emissions decreased by 33.97%, highlighting the company's efforts to lower indirect emissions from its value chain.a
In 2024, Victrex reported Scope 1 greenhouse gas (GHG) emissions of 18,085 tCO₂e and total revenues of USD 396 millions. This translates into an emissions intensity of 45.62 tCO₂e per millions USD.a
In 2024, Victrex reported a Scope 1 emissions intensity of 45.62 tCO₂e per millions USD. Compared to the peer group median of 40.27, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Victrex ranked 13 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Victrex is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Victrex reported a total carbon footprint of 91,877 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 25.18% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Victrex's total carbon footprint was Scope 3 emissions, accounting for 62.61% of the company's total carbon footprint, followed by Scope 1 emissions at 19.68%.a