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 59 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. This includes Scope 1 emissions of about 742,000 kg CO2e, Scope 2 emissions of approximately 142,000 kg CO2e (market-based), and Scope 3 emissions totalling around 451,518 kg CO2e. The company's emissions for 2023 were higher, at about 266,275,000 kg CO2e, with Scope 1 at 924,000 kg CO2e, Scope 2 at 17,000 kg CO2e (market-based), and Scope 3 at approximately 497,396 kg CO2e. VGP NV has set ambitious climate commitments, aiming to reduce absolute emissions from Scopes 1 and 2 by 50% between 2020 and 2030. This target is part of their Science-Based Targets initiative (SBTi) commitments, which also include a 42% reduction in Scope 1 and Scope 2 emissions by 2030 from a 2020 baseline. Additionally, VGP NV is committed to reducing the absolute embodied carbon of new developments by 20% by 2030, against a 2020 baseline. The company has demonstrated a proactive approach to climate action, with a focus on measuring and reducing its Scope 3 emissions as well. VGP NV's targets align with the necessary reductions to limit global warming to 1.5°C, reflecting their commitment to sustainability in the real estate sector.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 788,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 152,000 | 000,000 | 000,000 | 0,000 | 00,000 | 0,000,000 |
| Scope 3 | 342,934,000 | 000,000 | 0,000,000 | 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.
