Vetropack Holding

Vetropack Holding, a glass and glass products company headquartered in Switzerland, is actively working to reduce its carbon emissions.

For 2024, Vetropack Holding reported total emissions of approximately 1.35 billion kg CO2e. This includes Scope 1 emissions of about 545.6 million kg CO2e, Scope 2 emissions (market-based) of approximately 140.3 million kg CO2e, and Scope 3 emissions of roughly 667.8 million kg CO2e. Key categories within Scope 3 included purchased goods and services (about 262.2 million kg CO2e), fuel and energy-related activities (around 97.5 million kg CO2e), and upstream transportation and distribution (approximately 141.8 million kg CO2e).

In 2023, the company's total emissions were about 1.28 billion kg CO2e, with Scope 1 emissions at approximately 539 million kg CO2e, Scope 2 emissions at roughly 123.5 million kg CO2e, and Scope 3 emissions amounting to about 712.3 million kg CO2e.

Looking at 2021, Vetropack Holding disclosed Scope 1 emissions of around 550 million kg CO2e, Scope 2 emissions of approximately 100 million kg CO2e, and Scope 3 emissions of about 650 million kg CO2e.

Vetropack Holding has established several climate commitments. The company has set Science Based Targets initiative (SBTi) approved targets:

• Near-term targets: Vetropack Holding AG commits to reduce absolute Scope 1 and 2 GHG emissions by 50.4% by 2032 from a 2021 base year. Additionally, the company commits to reduce absolute Scope 3 GHG emissions from purchased goods and services, capital goods, fuel- and energy-related activities, and upstream transportation and distribution by 30% within the same timeframe. These Scope 1 and 2 targets are classified as consistent with reductions required to keep warming to 1.5°C.
• Other reduction goals: By 2030, Vetropack aims for a 30% reduction of CO2 emissions per metric tonne of glass produced compared to 2019 levels for both Scope 1 and Scope 2. The company also intends to transition to only electrically powered forklifts throughout the Group by 2030 to further reduce greenhouse gas emissions.