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 46 is higher than 96% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Vgp's reported carbon emissions
In 2023, VGP NV reported total carbon emissions of approximately 420,039,000 kg CO2e. This includes Scope 1 emissions of about 9,243,000 kg CO2e, Scope 2 emissions of approximately 174,000 kg CO2e (market-based), and a significant Scope 3 contribution of around 419,097,000 kg CO2e. The company has set ambitious climate commitments, aiming to reduce absolute emissions from Scopes 1 and 2 by 50% by 2030, using 2020 as the baseline. Additionally, VGP is committed to reducing the embodied carbon of new developments by 20% by 2030, also against a 2020 baseline. In 2022, VGP's total emissions were about 627,757,000 kg CO2e, indicating a notable decrease in emissions in 2023. The company has been proactive in addressing its carbon footprint, with a focus on both operational emissions and those associated with its supply chain. VGP's targets have been validated by the Science Based Targets initiative (SBTi), aligning with the goal of limiting global warming to 1.5°C. Overall, VGP NV is making significant strides in its climate commitments, with a clear focus on reducing emissions across all scopes while enhancing sustainability in its operations.
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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 participating in some of the initiatives that 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.
