Vgp Sustainability Profile
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 61 is higher than 77% 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 2024, VGP NV reported total carbon emissions of approximately 204,138,000 kg CO2e, with Scope 1 emissions at about 742,000 kg CO2e, Scope 2 emissions at approximately 142,000 kg CO2e, and Scope 3 emissions reaching about 204,518,000 kg CO2e. This represents a significant decrease from 2023, where total emissions were approximately 266,275,000 kg CO2e, with Scope 1 at about 924,000 kg CO2e, Scope 2 at approximately 17,000 kg CO2e, and Scope 3 at about 266,396,000 kg CO2e. VGP NV has set ambitious climate commitments, aiming to reduce absolute emissions from Scopes 1 and 2 by 50% by 2030, using a 2020 baseline. Additionally, the company is committed to reducing the absolute embodied carbon of new developments by 20% by 2030, also against a 2020 baseline. These targets have been validated by the Science Based Targets initiative (SBTi), which confirms that VGP's goals align with the necessary reductions to limit global warming to 1.5°C. The company’s emissions data is self-reported and does not cascade from any parent organization. VGP NV is actively working towards these targets, demonstrating a commitment to sustainability within the real estate sector in Belgium.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | - | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 152,000 | 000,000 | 000,000 | 0,000 | 00,000 | 000,000 |
| Scope 3 | 1,434,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
How Carbon Intensive is Vgp's Industry?
How Carbon Intensive is Vgp's Location?
Vgp's Scope 3 Categories Breakdown
Vgp's Scope 3 emissions, which decreased by 23% last year and increased significantly since 2019, 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 "Downstream Leased Assets" being the largest emissions source at 21% of Scope 3 emissions.
Top Scope 3 Categories
Vgp'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.
Vgp 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.
Frequently Asked Questions
Common questions about Vgp's sustainability data and climate commitments