In 2024, VZ Holding 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).
VZ Holding 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) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 316a | 349a | 208a | |
Total Scope 2 | ||||
Unspecified Calculation Method | 114a | 112a | 165a | |
Total Scope 3 | 987,453.47a | 2,080b | 1,269a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.5042a | 0.5866a | 0.4846a |
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In 2024, the total operational greenhouse gas (GHG) emissions of VZ Holding amounted to 430 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 VZ Holding decreased by 6.72%, 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 VZ Holding were 316 metric tons of CO₂ equivalent (tCO₂e).a
Since 2021, VZ Holding's Scope 1 emissions have increased by 86.98%, reflecting a rising long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2023), VZ Holding's Scope 1 emissions decreased by 9.46%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, VZ Holding reported Scope 2 greenhouse gas (GHG) emissions of 114 tCO₂e without specifying the calculation method.a
Since 2021, VZ Holding's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have decreased by 34.1%, reflecting a declining long-term trend in Scope 2 emissions over time.a
Compared to the previous year (2023), VZ Holding's Scope 2 emissions (Unspecified Calculation Method) have remained relatively stable, indicating that VZ Holding's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, VZ Holding reported its Scope 2 emissions using an unspecified methodology.a
In 2024, VZ Holding reported 987,453.47 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 VZ Holding includes a breakdown across 5 of the 15 Scope 3 categories defined by the GHG Protocol, up from 4 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
In 2024, VZ Holding reported total Scope 3 emissions of 987,453.47 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 0.21% of these emissions originated from upstream activities such as purchased goods and capital goods, while 99.79% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2021, VZ Holding's Scope 3 emissions have increased by 87,362.66%, reflecting a rising long-term trend in Scope 3 emissions over time.a
Compared to the previous year (2023), VZ Holding's Scope 3 emissions increased by 47,373.72%, suggesting that the company faced challenges in reducing emissions across its value chain.ab
In 2024, VZ Holding 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.
In 2024, the largest contributors to VZ Holding's Scope 3 emissions were:a
In 2024, VZ Holding reported Scope 1 greenhouse gas (GHG) emissions of 316 tCO₂e and total revenues of USD 627 millions. This translates into an emissions intensity of 0.5 tCO₂e per millions USD.a
In 2024, VZ Holding reported a Scope 1 emissions intensity of 0.5 tCO₂e per millions USD. Compared to the peer group median of 0.15, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, VZ Holding ranked 14 out of 17 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places VZ Holding among the least efficient performers, with one of the highest emissions intensities in its sector.a
In 2024, VZ Holding reported a total carbon footprint of 987,883.47 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 38,777.74% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.ab
The largest contributor to VZ Holding's total carbon footprint was Scope 3 emissions, accounting for 99.96% of the company's total carbon footprint, followed by Scope 1 emissions at 0.03%.a