Veritiv Sustainability Profile
Veritiv Corporation, commonly known as Veritiv, is a leading provider of integrated packaging, facility solutions, and print services, headquartered in the United States. Founded in 2014, the company emerged from the merger of International Paper's xpedx distribution business and Unisource Worldwide, positioning itself as a key player in the distribution and logistics industry. With major operational regions across North America, Veritiv serves a diverse clientele, offering a comprehensive range of products and services that include packaging solutions, commercial printing, and facility supplies. What sets Veritiv apart is its commitment to sustainability and innovation, ensuring that clients receive tailored solutions that meet their unique needs. Recognised for its market leadership, Veritiv has achieved significant milestones, including a strong presence in the Fortune 500 list, reflecting its robust growth and dedication to excellence in service delivery.
DitchCarbon Score
How does Veritiv'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 Business 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
Veritiv's score of 64 is higher than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Veritiv's reported carbon emissions
In 2024, Veritiv Corporation reported total carbon emissions of approximately 2,874,060,000 kg CO2e, with significant contributions from Scope 3 emissions, which accounted for about 2,874,060,000 kg CO2e. Scope 1 emissions were reported at approximately 59,491,000 kg CO2e, while Scope 2 emissions totalled about 26,107,000 kg CO2e (market-based). Veritiv has set ambitious climate commitments, aiming to reduce its total Scope 1 and Scope 2 emissions by 50% from a 2020 baseline by the year 2030. This target was established in 2021 in partnership with ENGIE Impact, reflecting a proactive approach to climate action. The company is currently on track to meet its near-term targets, with a focus on both Scope 1 and Scope 2 emissions reductions. The emissions data for 2023 indicated a total of approximately 2,919,617,000 kg CO2e, with Scope 1 emissions at about 64,431,000 kg CO2e and Scope 2 emissions at approximately 26,602,000 kg CO2e (market-based). The previous year's data from 2022 showed Scope 1 emissions of about 76,061,000 kg CO2e and Scope 2 emissions of approximately 29,994,000 kg CO2e (market-based). Veritiv's commitment to sustainability is further underscored by its participation in various climate initiatives, although it has not yet established specific Science-Based Targets Initiative (SBTi) targets. The company continues to monitor and report its emissions transparently, demonstrating a commitment to reducing its carbon footprint in the trading and distribution sector.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 97,842,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 39,307,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | 0,000,000,000 | 0,000,000,000 |
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Veritiv's Scope 3 Categories Breakdown
Veritiv's Scope 3 emissions, which decreased by 2% last year and decreased by approximately 2% since 2023, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 87% of Scope 3 emissions.
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Veritiv'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.
Veritiv has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
Frequently Asked Questions
Common questions about Veritiv's sustainability data and climate commitments