Verve Group SE Sustainability Profile
Verve Group SE, headquartered in Sweden, is a leading player in the digital advertising industry, specialising in programmatic solutions and data-driven marketing strategies. Founded in 2017, the company has rapidly established itself as a key innovator, focusing on enhancing the efficiency and effectiveness of advertising campaigns across various platforms. With a strong presence in Europe and North America, Verve Group SE offers a unique suite of products, including advanced audience targeting and real-time bidding technologies. These services are designed to optimise ad spend and improve return on investment for clients. The company’s commitment to transparency and data privacy sets it apart in a competitive market, positioning Verve Group SE as a trusted partner for brands seeking to navigate the complexities of digital advertising.
DitchCarbon Score
How does Verve Group SE'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 Real Estate 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
Verve Group SE's score of 33 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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Verve Group SE's reported carbon emissions
In 2023, Verve Group SE reported total carbon emissions of approximately 96,230,000 kg CO2e, with significant contributions from Scope 3 emissions, which accounted for about 96,230,000 kg CO2e. Notably, Scope 1 emissions were recorded at 0 kg CO2e, while Scope 2 emissions totalled approximately 82,000 kg CO2e (market-based) and 95,000 kg CO2e (location-based). In 2022, the company reported total emissions of about 20,325,000 kg CO2e, with Scope 1 emissions at approximately 4,400 kg CO2e, Scope 2 emissions at about 34,100 kg CO2e, and Scope 3 emissions making up the majority at approximately 20,323,000 kg CO2e. Despite these figures, Verve Group SE has not established specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or commitments to frameworks such as the Science Based Targets initiative (SBTi). The company’s emissions data is not cascaded from any parent organization, indicating that all reported figures are independently sourced from Verve Group SE itself. Overall, while Verve Group SE has made strides in transparency regarding its carbon emissions, the lack of defined reduction strategies highlights an area for potential improvement in its climate commitments.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 4,400 | - |
| Scope 2 | 34,100 | 00,000 |
| Scope 3 | 20,323,000 | 00,000,000 |
How Carbon Intensive is Verve Group SE's Industry?
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Verve Group SE's Scope 3 Categories Breakdown
Verve Group SE's Scope 3 emissions, which increased by 374% last year and increased by approximately 374% since 2022, 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 "Use of Sold Products" being the largest emissions source at 39% of Scope 3 emissions.
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Verve Group SE'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.
Verve Group SE 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.
