Vector Group Ltd., a prominent player in the tobacco and real estate industries, is headquartered in the United States. Founded in 1986, the company has established itself as a significant entity, particularly through its subsidiaries, which include the well-known tobacco brand, Liggett Group, and its real estate arm, New Valley LLC.
Vector Group Ltd. is recognised for its innovative approach to product development, offering a diverse range of tobacco products that cater to various consumer preferences. The company’s strategic positioning in the market has led to notable achievements, including a strong presence in both the domestic and international markets. With a commitment to quality and a focus on sustainable practices, Vector Group Ltd. continues to evolve within its sectors, maintaining a competitive edge in an ever-changing landscape.
-4 vs industry average
Vector Group Ltd.’s score of 45 is higher than 56% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Tobacco Products has below-average carbon intensity
Industry performance
The Tobacco Products industry has reduced its overall emissions by 25% since 2019
Emissions trajectory 2020 – 2024
Reported emissions
Scope 3 accounts for ••• of total emissions.
Vector Group Ltd.'s reported carbon emissions
In 2021, Vector Group Ltd. reported total carbon emissions of approximately 6,226,712 kg CO2e, with emissions distributed across various scopes. Specifically, Scope 1 emissions accounted for 31,218 kg CO2e, while Scope 2 emissions totalled 176,272 kg CO2e. The majority of emissions stemmed from Scope 3, which comprised 6,220,222 kg CO2e, indicating significant indirect emissions primarily from purchased goods and services. Despite the substantial emissions figures, Vector Group Ltd. has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. The company is a current subsidiary of Japan Tobacco Inc., which may influence its climate strategies and reporting practices. As part of its corporate family, emissions data and potential climate commitments may be cascaded from Japan Tobacco Inc., which is involved in various sustainability initiatives. However, specific details regarding these initiatives or targets have not been disclosed for Vector Group Ltd. itself.
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Vector Group Ltd.’s Climate Goals (2030 & 2050)
No climate goals have been disclosed for Vector Group Ltd. yet.
Scope 3 top emissions categories
5 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
Inherited from Japan Tobacco Inc.
Carbon Disclosure Project
Inherited from Japan Tobacco Inc.
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Vector Group Ltd.
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