Vitec Software Group AB (publ)

Common Name

Vitec Software Group

Country

Sweden

Sector

Technology

Industry

Software - Application

Employees

1,660

Ticker

VIT B

Exchange

NASDAQ STOCKHOLM AB

Website

www.vitecsoftware.com

Description

Vitec Software Group AB (publ) develops and delivers vertical market software solutions in Sweden, Denmark, Finland, Norway, the Netherlands, the United States, and internationally. The company offers... Show more

Vitec Software Group's GHG Emissions Data Preview

In 2023, Vitec Software Group 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).

Vitec Software Group has also provided a category-level breakdown for 4 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)	2024	2023	2022	2021 - 2017
Total Scope 1 Total direct GHG emissions from categories that are owned or directly controlled by the company.	Data available for purchase 0000000	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data.	Data available for purchase 0000000
Total Scope 2 Indirect GHG emissions from the generation of purchased electricity, steam, heating, and cooling consumed by the reporting company.
Unspecified Calculation Method Indirect emissions from purchased energy where the company did not specify a location-based or market-based accounting method.	Data available for purchase 0000000	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data.	Data available for purchase 0000000
Total Scope 3 All other indirect GHG emissions that occur in the company’s value chain, outside of Scope 1 and 2. This includes both upstream and downstream activities.	Data available for purchase 0000000	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data.	Data available for purchase 0000000
Categories of Scope 3 (4 categories)
Purchased Goods and Services (Cat. 1) Emissions from the extraction, production, and transportation of goods and services purchased by the company.	Data available for purchase 0000000	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data.	Data available for purchase 0000000
Capital Goods (Cat. 2) Emissions from the production and delivery of long-term capital assets such as buildings, machinery, and equipment.	Data available for purchase 0000000	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data.	Data available for purchase 0000000
Waste Generated in Operations (Cat. 5) Emissions from the treatment and disposal of waste generated in company operations, handled by third parties.	Data available for purchase 0000000	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data.	Data available for purchase 0000000
Business Travel (Cat. 6) Emissions from business-related travel by employees, such as air travel, car rentals, and accommodations.	Data available for purchase 0000000	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data.	Data available for purchase 0000000

This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Vitec Software Group's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Vitec Software Group amounted to 400.2 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).

Compared to 2022, the total operational greenhouse gas (GHG) emissions of Vitec Software Group increased by 41.26%, suggesting that the company faced challenges in reducing its emissions from its core operations.

Vitec Software Group's Scope 1 Emissions Over Time

Total Scope 1
Year-over-Year Change

What are Vitec Software Group's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Vitec Software Group were 199.1 metric tons of CO₂ equivalent (tCO₂e).

Has Vitec Software Group reduced its Scope 1 emissions over time?

Since 2019, Vitec Software Group's Scope 1 emissions have increased by 24.13%, reflecting a rising long-term trend in Scope 1 emissions over time.

Compared to the previous year (2022), Vitec Software Group's Scope 1 emissions increased by 54.1%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.

What are Vitec Software Group's Scope 2 emissions?

In 2023, Vitec Software Group reported Scope 2 greenhouse gas (GHG) emissions of 201.1 tCO₂e without specifying the calculation method.

Has Vitec Software Group reduced its Scope 2 emissions over time?

Since 2019, Vitec Software Group's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have increased by 318.09%, reflecting a rising long-term trend in Scope 2 emissions over time.

Compared to the previous year (2022), Vitec Software Group's Scope 2 emissions (Unspecified Calculation Method) rose by 30.5% in 2023, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy

What methodology does Vitec Software Group use for Scope 2 reporting?

In 2023, Vitec Software Group reported its Scope 2 emissions using an unspecified methodology.

Vitec Software Group's Scope 2 Emissions Over Time

Total Scope 2 (Unspecified Calculation Method)

Insights into Vitec Software Group's Value Chain Emissions

In 2023, Vitec Software Group reported 921.1 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

The 2023 disclosure of Vitec Software Group includes a breakdown across 4 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.

Vitec Software Group's Scope 3 Emissions Over Time

Total Scope 3
Year-over-Year Change

What are Vitec Software Group's Scope 3 emissions?

In 2023, Vitec Software Group reported total Scope 3 emissions of 921.1 metric tons of CO₂ equivalent (tCO₂e).

Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment.

Has Vitec Software Group reduced its Scope 3 emissions over time?

Since 2019, Vitec Software Group's Scope 3 emissions have increased by 17.85%, reflecting a rising long-term trend in Scope 3 emissions over time.

Compared to the previous year (2022), Vitec Software Group's Scope 3 emissions increased by 23.74%, suggesting that the company faced challenges in reducing emissions across its value chain.

What categories of Scope 3 emissions does Vitec Software Group disclose?

In 2023, Vitec Software Group reported emissions for 4 out of the 15 Scope 3 categories defined by the GHG Protocol.

The limited disclosure restricts visibility into specific emission sources across the company's value chain.

What are the main sources of Vitec Software Group's Scope 3 emissions?

In 2023, the largest contributors to Vitec Software Group's Scope 3 emissions were:

Business Travel (Cat. 6): 448 tCO₂e (48.64%)
Capital Goods (Cat. 2): 315 tCO₂e (34.2%)
Purchased Goods and Services (Cat. 1): 144.9 tCO₂e (15.73%)

Vitec Software Group's Scope 3 Emissions by Categories

Insights into Vitec Software Group's Total Carbon Footprint

In 2023, Vitec Software Group reported a total carbon footprint of 1,321.3 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 28.57% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.

The largest contributor to Vitec Software Group's total carbon footprint was Scope 3 emissions, accounting for 69.71% of the company's total carbon footprint, followed by Scope 2 emissions at 15.22%.

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