Vgp
VGP, officially known as VGP NV, is a prominent player in the logistics and real estate sector, headquartered in Belgium. Established in 1998, the company has rapidly expanded its footprint across Europe, with significant operations in countries such as Germany, the Netherlands, and the Czech Republic. VGP focuses on the development and management of high-quality logistics and semi-industrial properties, catering to the growing demand for modern warehousing solutions. What sets VGP apart is its commitment to sustainability and innovation, integrating eco-friendly practices into its projects. The company has achieved notable milestones, including a successful IPO in 2018, which has solidified its market position. With a diverse portfolio of properties and a strong emphasis on customer satisfaction, VGP continues to be a leader in the logistics real estate industry, driving growth and efficiency across its operational regions.
DitchCarbon Score
How does Vgp'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
Vgp's score of 42 is higher than 96% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Vgp's reported carbon emissions
In 2023, VGP NV reported total carbon emissions of approximately 420,039,000 kg CO2e. This figure includes about 9,243,000 kg CO2e from Scope 1 emissions, 174,000 kg CO2e from Scope 2 emissions, and a significant 419,097,000 kg CO2e from Scope 3 emissions. The company has shown a commitment to reducing its greenhouse gas emissions, setting a target to decrease Scope 1 and Scope 2 emissions by 42% by 2030, using 2020 as the base year. This target has been validated by the Science Based Targets initiative (SBTi) and aligns with the goal of limiting global warming to 1.5°C. In previous years, VGP's emissions were as follows: in 2022, total emissions were about 627,757,000 kg CO2e; in 2021, approximately 367,858,000 kg CO2e; in 2020, around 338,663,000 kg CO2e; and in 2019, about 343,879,000 kg CO2e. The company has disclosed emissions across all three scopes, demonstrating transparency in its reporting. VGP's commitment to measuring and reducing Scope 3 emissions further highlights its dedication to comprehensive climate action. As a small to medium-sized enterprise based in Belgium, VGP is actively working towards significant emissions reductions in line with global climate goals.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 788,000 | 000,000 | 000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 152,000 | 000,000 | 000,000 | 0,000 | 000,000 |
| Scope 3 | 342,934,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Vgp is committed to some reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
