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Vitesco Technologies Group AG

Common Name
Vitesco Technologies Group
Country
Germany
Sector
Consumer Cyclical
Industry
Auto Parts
Employees
34,604
Ticker
VTSC
Exchange
Deutsche Börse Frankfurt
Description
Vitesco Technologies Group Aktiengesellschaft develops and produces components and system solutions for power trains in hybrid vehicles, electric vehicles, and combustion engines in Germany and intern...

Vitesco Technologies Group's GHG Emissions Data Preview

In 2023, Vitesco Technologies 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) and Scope 2 (indirect emissions from purchased energy).

However, Vitesco Technologies Group has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.

Metric (tCO2e)2023202220212020-2019
Total Scope 1
16,000a
23,000a
28,000b
Total Scope 2
Market-Based
4,000a
4,000a
3,000b
Location-Based
286,000a
292,000a
311,000b
Total Scope 3
N/AN/AN/A
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Verified Sources Behind Vitesco Technologies Group’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. Vitesco Technologies Group's Annual Report 2023
b. Vitesco Technologies Group's Annual Report 2022

Insights into Vitesco Technologies Group's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Vitesco Technologies Group amounted to 302,000 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 Vitesco Technologies Group decreased by 4.13%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a

Vitesco Technologies Group's Scope 1 Emissions Over Time

20212022202307 k14 k21 k28 ktCO2e-18%-30%
  • Total Scope 1
  • Year-over-Year Change

What are Vitesco Technologies Group's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Vitesco Technologies Group were 16,000 metric tons of CO₂ equivalent (tCO₂e).a

Has Vitesco Technologies Group reduced its Scope 1 emissions over time?

Since 2021, Vitesco Technologies Group's Scope 1 emissions have decreased by 42.86%, reflecting a declining long-term trend in Scope 1 emissions over time.ab

Compared to the previous year (2022), Vitesco Technologies Group's Scope 1 emissions decreased by 30.43%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a

What are Vitesco Technologies Group's Scope 2 emissions?

In 2023, Vitesco Technologies Group reported Scope 2 greenhouse gas (GHG) emissions of 4,000 tCO₂e using the market-based method and 286,000 tCO₂e using the location-based method.a

Has Vitesco Technologies Group reduced its Scope 2 emissions over time?

Since 2021, Vitesco Technologies Group's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have remained relatively stable, indicating that Vitesco Technologies Group's emissions have plateaued with no significant change in its energy consumption footprint.ab

Compared to the previous year (2022), Vitesco Technologies Group's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Vitesco Technologies Group's emissions have plateaued with no significant change in its energy consumption footprint.a

What methodology does Vitesco Technologies Group use for Scope 2 reporting?

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

Vitesco Technologies Group's Scope 2 Emissions Over Time

202120222023080 k160 k240 k320 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based
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