Vestel Elektronik Sanayi Ve Ticaret Sustainability Profile
Vestel Elektronik Sanayi ve Ticaret, commonly known as Vestel, is a prominent player in the consumer electronics and home appliances industry, headquartered in Turkey (TR). Founded in 1984, the company has established itself as a leader in the production of televisions, white goods, and various electronic devices, catering to both domestic and international markets. With a strong presence in Europe and beyond, Vestel is renowned for its innovative technology and commitment to quality. The company’s core offerings include smart TVs, refrigerators, and washing machines, distinguished by their energy efficiency and cutting-edge features. Vestel's dedication to research and development has led to significant milestones, positioning it as a key competitor in the global market. Notably, Vestel has received accolades for its sustainable practices and advanced manufacturing capabilities, solidifying its reputation as a forward-thinking enterprise in the electronics sector.
DitchCarbon Score
How does Vestel Elektronik Sanayi Ve Ticaret'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 Retail Trade 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
Vestel Elektronik Sanayi Ve Ticaret's score of 90 is higher than 94% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Vestel Elektronik Sanayi Ve Ticaret's reported carbon emissions
In 2024, Vestel Elektronik Sanayi Ve Ticaret reported total carbon emissions of approximately 11,164,690,000 kg CO2e across all scopes. This includes 17,388,000 kg CO2e from Scope 1, 102,990,000 kg CO2e from Scope 2, and a significant 11,646,490,000 kg CO2e from Scope 3 emissions. The Scope 3 emissions are primarily driven by the use of sold products, which alone accounts for about 10,247,358,000 kg CO2e. Vestel has set ambitious climate commitments, aiming for a 50% reduction in Scope 1 and Scope 2 emissions by 2030 from a 2021 baseline. Additionally, they are targeting a 25% reduction in Scope 3 emissions from the use of sold products within the same timeframe. These targets align with the Science Based Targets initiative (SBTi) and are part of their broader commitment to achieving net zero emissions across all scopes by 2050. The company’s emissions data is cascaded from its parent organization, Vestel Elektronik Sanayi ve Ticaret Anonim Sirketi, ensuring a comprehensive approach to sustainability across its operations.
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| 2016 | 2017 | 2018 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 13,194,940 | 00,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 51,248,170 | 00,000,000 | 00,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | 0,000,000 | 000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
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Vestel Elektronik Sanayi Ve Ticaret's Scope 3 Categories Breakdown
Vestel Elektronik Sanayi Ve Ticaret's Scope 3 emissions, which decreased by 7% last year and increased significantly since 2017, 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 92% of Scope 3 emissions.
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Vestel Elektronik Sanayi Ve Ticaret'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.
Vestel Elektronik Sanayi Ve Ticaret 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.
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Frequently Asked Questions
Common questions about Vestel Elektronik Sanayi Ve Ticaret's sustainability data and climate commitments