Vgp

VGP, a real estate services company headquartered in Belgium, reported total emissions for 2025 as approximately 1.15 million kg CO2e. This includes about 639,000 kg CO2e from Scope 1, approximately 123,000 kg CO2e from Scope 2 (market-based), and roughly 393,525 kg CO2e from Scope 3 emissions.

Looking back, VGP's total reported emissions have fluctuated. In 2024, the company reported approximately 1.34 million kg CO2e. In 2023, emissions were around 1.43 million kg CO2e, and in 2022, they were about 1.57 million kg CO2e. For 2021, total emissions stood at approximately 2.39 million kg CO2e, while in 2020, they were around 1.37 million kg CO2e. The earliest available data from 2019 indicates total emissions of approximately 343.88 million kg CO2e, with Scope 1 emissions at approximately 788,000 kg CO2e, Scope 2 (market-based) at approximately 152,000 kg CO2e, and Scope 3 emissions at approximately 344.37 million kg CO2e.

VGP has made significant climate commitments, with its targets approved by the Science Based Targets initiative (SBTi). The company commits to reducing absolute Scope 1 and Scope 2 GHG emissions by 42% by 2030 from a 2020 base year. This target is consistent with reductions required to keep global warming to 1.5°C. Additionally, VGP aims to achieve carbon neutrality under Scope 1 and Scope 2 by 2025.

VGP also has specific Scope 3 targets, committing to measure and reduce these emissions. The company aims to reduce the absolute embodied carbon of new developments by 20% by 2030, against a 2020 baseline, based on a strategy to reduce carbon intensity per square metre delivered. Furthermore, VGP is committed to a 55% reduction in "in use" Scope 3 carbon emissions (from tenant energy consumption) by 2030, also from a 2020 baseline.