Vecta Inc. Sustainability Profile
Vecta Inc., headquartered in the United States, is a leading player in the technology sector, specialising in advanced data analytics and cloud solutions. Founded in 2010, the company has rapidly expanded its operations across North America and Europe, establishing a strong presence in the digital transformation landscape. With a focus on innovative software development and data management services, Vecta Inc. offers unique solutions that empower businesses to harness the power of their data. Their flagship products, including Vecta Analytics and Vecta Cloud, are designed to enhance operational efficiency and drive strategic decision-making. Recognised for its commitment to excellence, Vecta Inc. has achieved significant milestones, including multiple industry awards and partnerships with major tech firms. As a trusted name in the industry, Vecta continues to set benchmarks for quality and innovation in data-driven solutions.
DitchCarbon Score
How does Vecta Inc.'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 Financial Intermediation 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
Vecta Inc.'s score of 53 is higher than 71% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Vecta Inc.'s reported carbon emissions
In 2023, Vecta Inc. reported total carbon emissions of approximately 7,738,000,000 kg CO2e. This figure includes Scope 1 emissions of about 925,000,000 kg CO2e, Scope 2 emissions of approximately 96,000,000 kg CO2e (market-based), and a significant contribution from Scope 3 emissions, which totalled around 6,717,000,000 kg CO2e. Comparatively, in 2022, Vecta Inc.'s total emissions were about 8,843,000,000 kg CO2e, indicating a reduction in emissions year-on-year. The company has set ambitious climate commitments, aiming for a 20% absolute reduction in its fossil and biogenic carbon footprint for both Scope 1 and Scope 2 emissions by 2025, with a baseline year of 2017. Additionally, Vecta Inc. is committed to achieving carbon neutrality across all scopes by 2050, a long-term goal that encompasses all operational and functional departments. This commitment reflects the company's proactive approach to addressing climate change and aligns with industry standards for sustainability. It is important to note that Vecta Inc. is a current subsidiary, and its emissions data is cascaded from its parent organisation, S&P Global. The emissions data and reduction targets are part of a broader strategy to enhance environmental performance and contribute to global climate goals.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 1,124,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 000,000,000 |
| Scope 2 | 510,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 |
| Scope 3 | 11,679,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is Vecta Inc.'s Industry?
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Vecta Inc.'s Scope 3 Categories Breakdown
Vecta Inc.'s Scope 3 emissions, which decreased by 13% last year and decreased by approximately 42% since 2017, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the primary emissions source at 22% of Scope 3 emissions.
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Vecta Inc.'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.
Vecta Inc. 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.
