Verescence, headquartered in France, is a prominent player in the furniture and other manufactured goods industry, specifically classified under the category of "other manufactured goods n.e.c. (36)." Established in 1896, the company has evolved significantly, marking key milestones in innovation and sustainability within its sector.
Verescence is renowned for its high-quality glass packaging solutions, primarily serving the cosmetics and perfumery markets. Their unique approach combines traditional craftsmanship with cutting-edge technology, ensuring products that are both aesthetically pleasing and environmentally responsible.
With a strong market position, Verescence has garnered recognition for its commitment to sustainability and design excellence, making it a preferred choice for brands seeking premium packaging solutions. The company operates across various regions, reinforcing its status as a leader in the global market.
+5 vs industry average
Verescence’s score of 31 is higher than 54% 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
Furniture Manufacturing has typical carbon intensity
Industry performance
The Furniture Manufacturing industry has reduced its overall emissions by 31% since 2018
Emissions trajectory 2020 – 2026
Reported emissions
Scope 3 accounts for ••• of total emissions.
Verescence's reported carbon emissions
Verescence, headquartered in France and operating in the Furniture; other manufactured goods n.e.c. (36) industry, has established ambitious climate commitments. For 2022, the company reported total Scope 1 emissions of approximately 141 million kg CO2e, Scope 2 emissions of about 25 million kg CO2e, and Scope 3 emissions of approximately 84 million kg CO2e.
Verescence has set a significant long-term target to achieve a 40% decarbonisation per tonne of glass drawn between 2019 and 2034, covering Scopes 1 and 2. This commitment aligns with a trajectory to limit global warming to 2°C.
Further reinforcing its climate strategy, Verescence has committed to the Science Based Targets initiative (SBTi). This commitment includes reducing Scope 1 and 2 greenhouse gas emissions by 31% per tonne of pulled glass by 2034, based on a 2019 baseline year. This intensity target is equivalent to a 38.7% absolute reduction. Additionally, Verescence has pledged to increase its sourcing of renewable electricity from 0% in 2019 to 80% by 2025. The SBTi targets are classified as intensity-based for Scopes 1 and 2, with a near-term absolute reduction target for all scopes.
The company's sustainability reporting indicates a focus on intensity metrics. For instance, in 2020, Verescence reported 1080 kg CO2 emissions per tonne of glass produced, and in 2019, 1090 kg CO2 per tonne of glass drawn.
While Verescence's latest reported emissions data is for 2022, its sustainability report for 2023-2024 is referenced, suggesting ongoing efforts and potential for future disclosures. The company's emissions data for 2023 shows Scope 1 and 2 combined emissions of 1080 kg CO2e, but this figure is noted as having missing Scope 3 data points, specifically purchased goods and services.
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Verescence’s Climate Goals (2030 & 2050)
No climate goals have been disclosed for Verescence yet.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Verescence
Frequently asked questions
Common questions about Verescence’s sustainability data and climate commitments
Data year: 2023
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