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OrganisationsVestel Elektronik Sanayi Ve Ticaret
Vestel Elektronik Sanayi Ve Ticaret logo

Vestel Elektronik Sanayi Ve Ticaret

Retail Trade ServicesTürkiyeIST: VESTL.IS
Last verified 9 months agovestelinternational.com

Vestel Elektronik Sanayi Ve Ticaret, commonly known as Vestel, is a prominent player in the retail trade services sector, excluding motor vehicles and motorcycles, as well as in the repair services of personal and household goods. Headquartered in Turkey, Vestel has established a significant presence across various regions, focusing on delivering high-quality consumer electronics and home appliances.

Founded in 1984, Vestel has achieved notable milestones, including becoming one of the leading manufacturers in its industry. The company is renowned for its innovative products, which include televisions, white goods, and smart home devices, distinguished by their cutting-edge technology and energy efficiency. With a strong market position, Vestel continues to expand its footprint, contributing to the evolution of retail trade services in Turkey and beyond.

65
DitchCarbon score

+31 vs industry average

Vestel Elektronik Sanayi Ve Ticaret’s score of 65 is higher than 75% 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 sustainability team

Paula Guimaraes

Paula Guimaraes

Director of Sustainability

Patrícia Nunes

Patrícia Nunes

Sustainability Specialist

Industry Intensity

Low

Retail Trade Services has below-average carbon intensity

Industry performance

0.097
20192025

The Retail Trade Services industry has reduced its overall emissions by 42% since 2019

Emissions trajectory 2020 – 2027

00.0B00.0B0.0B0.0B0

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20202021202220232024202520262027

Reported emissions

Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e

Scope 3 accounts for ••• of total emissions.

Vestel Elektronik Sanayi Ve Ticaret's reported carbon emissions

Vestel Elektronik Sanayi Ve Ticaret: Carbon Emissions and Climate Commitments

Vestel Elektronik Sanayi Ve Ticaret, operating within the retail trade and repair services sector (industry code 52) from its headquarters in Turkey (TR), has reported its carbon emissions for the fiscal year 2024.

In 2024, the company's total greenhouse gas emissions were approximately 11.3 billion kg CO2e. This figure comprises Scope 1 emissions of approximately 17.4 million kg CO2e, Scope 2 emissions of approximately 103 million kg CO2e, and Scope 3 emissions amounting to about 11.2 billion kg CO2e. A significant portion of Scope 3 emissions, approximately 10.2 billion kg CO2e, stems from the use of sold products.

Looking at the previous year, 2023, Vestel Elektronik Sanayi Ve Ticaret reported total emissions of approximately 12.2 billion kg CO2e. This included Scope 1 emissions of about 19.2 million kg CO2e, Scope 2 emissions of approximately 112.6 million kg CO2e, and Scope 3 emissions of around 12 billion kg CO2e.

Vestel Elektronik Sanayi Ve Ticaret is committed to climate action and has set ambitious reduction targets. The company aims to reduce its Scope 1 and Scope 2 greenhouse gas emissions by 42% by 2030, using 2021 as a baseline. This target is in line with the Science Based Targets initiative's (SBTi) 1.5 degree scenario. Furthermore, Vestel Elektronik aims to achieve a 25% reduction in Scope 3 emissions from the use of sold products by 2030, also aligned with the SBTi. The company has also set a long-term goal to achieve net zero emissions across its entire value chain by 2050. These targets are derived from the SBTi, with data cascaded from Vestel Elektronik Sanayi ve Ticaret Anonim Sirketi.

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Vestel Elektronik Sanayi Ve Ticaret’s Climate Goals (2030 & 2050)

5 goals

2030

42% reduction in all scopes

Our Scope 1 and 2 targets, which include a 42% reduction by 2030 in line with the SBTi 1.5 degree scenario, are in place and ongoing.

At risk42%

2030

62% reduction in total GHG

Vs 2019 baseline. Validated by SBTi. Includes full supply chain.

At risk48%

2040

50% reduction in Scope 3 intensity

Across purchased goods and services and logistics.

Behind target22%

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Scope 3 top emissions categories

8 of 15 categories disclosed
Use of Sold Products92%
Upstream Transportation & Distribution1%
Downstream Transportation & Distribution1%
Capital Goods0%
Upstream Leased Assets0%
Purchased Goods & Services0%
Employee Commuting0%
Business Travel0%
Use of Sold Products92%
Upstream Transportation & Distribution1%
Downstream Transportation & Distribution1%
Capital Goods0%
Upstream Leased Assets0%
Purchased Goods & Services0%
Employee Commuting0%
Business Travel0%

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Climate initiatives

SCIENCE BASED TARGETS

Science Based Targets Initiative

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Active
CDP

Carbon Disclosure Project

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Active
THE CLIMATE PLEDGE

The Climate Pledge

See details
Not active
United Nations Global Compact

UN Global Compact Climate Champions initiative

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Not active
RE 100

RE 100

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Not active
Climate Action 100+

Climate Action 100

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Not active

Emissions comparison with industry peers

View similar organisations
CompanyCountryIndustryLast updatedScoreDetails
Vestel Elektronik Sanayi Ve Ticaret logoVestel Elektronik Sanayi Ve Ticaret
TRRetail Trade Services
9 months ago
65
Panasonic logoPanasonic
JPElectrical Machinery Manufacturing
2 hours ago
100
View
Samsung logoSamsung
KRSemiconductor and Related Device Manufacturing
2 hours ago
76
View
Sony logoSony
JPCommunication Equipment Manufacturing
2 hours ago
76
View
Beko plc logoBeko plc
GBElectrical Machinery Manufacturing
60 minutes ago
73
View
Arcelik logoArcelik
TRFurniture Manufacturing
1 hour ago
70
View
Electrolux logoElectrolux
SEFurniture Manufacturing
2 hours ago
69
View

Frequently asked questions

Common questions about Vestel Elektronik Sanayi Ve Ticaret’s sustainability data and climate commitments

In 2024, Vestel Elektronik Sanayi Ve Ticaret reported total greenhouse gas emissions of approximately 11.3 billion kg CO₂e. This includes Scope 1 emissions of around 17.4 million kg CO₂e, Scope 2 emissions of about 103 million kg CO₂e, and Scope 3 emissions totaling roughly 11.2 billion kg CO₂e. The vast majority of these emissions, approximately 10.2 billion kg CO₂e, are attributed to the use of sold products, highlighting the significant impact of product lifecycle on the company's overall carbon footprint.

Data year: 2024

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