V-Mart Retail Limited Sustainability Profile
V-Mart Retail Limited, a prominent player in the Indian retail sector, is headquartered in Ahmedabad, Gujarat. Established in 2002, the company has carved a niche in the value retail industry, focusing on affordable fashion and everyday essentials. With a strong presence across northern and western India, V-Mart operates numerous stores that cater to diverse customer needs. The company offers a wide range of products, including apparel, footwear, and home essentials, distinguished by their quality and competitive pricing. V-Mart's commitment to providing value for money has solidified its position as a trusted brand among consumers. Over the years, V-Mart has achieved significant milestones, including rapid expansion and recognition for its innovative retail strategies, making it a key player in the Indian retail landscape.
DitchCarbon Score
How does V-Mart Retail Limited's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Retail Trade Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
V-Mart Retail Limited's score of 18 is lower than 88% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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V-Mart Retail Limited's reported carbon emissions
In 2023, V-Mart Retail Limited reported total carbon emissions of approximately 147,000 kg CO2e for Scope 1 and about 50,873,000 kg CO2e for Scope 2. This reflects a significant engagement in emissions reporting, although no data for Scope 3 emissions has been disclosed. Comparatively, in 2022, the company recorded approximately 473,000 kg CO2e for Scope 1 and about 45,091,000 kg CO2e for Scope 2, indicating a reduction in Scope 1 emissions. The emissions per unit of revenue for 2023 were approximately 0.169 kg CO2e per USD of revenue, consistent with their previous year's performance. V-Mart has not set specific reduction targets or climate pledges, nor does it appear to have cascaded data from a parent organization. The company is actively involved in emissions tracking but has yet to establish formal commitments to reduce its carbon footprint. Overall, V-Mart Retail Limited's emissions data highlights its current impact on climate change while indicating potential areas for future improvement in sustainability practices.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 473,000 | 000,000 |
| Scope 2 | 45,091,000 | 00,000,000 |
| Scope 3 | - | - |
How Carbon Intensive is V-Mart Retail Limited's Industry?
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V-Mart Retail Limited's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
V-Mart Retail Limited has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
