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OrganisationsVgp
Vgp logo

Vgp

Real Estate ServicesBelgiumPNK: VGPBF
Last verified 1 month agovgpparks.eu

VGP, officially known as VGP NV, is a prominent player in the real estate services sector, headquartered in Belgium. Established in 1998, the company has carved a niche in the development and management of logistics and semi-industrial properties across Europe, with a strong operational presence in countries such as Germany, the Netherlands, and the Czech Republic.

VGP's core offerings include the development of high-quality logistics parks and industrial spaces, distinguished by their sustainable design and strategic locations. The company has achieved significant milestones, including a successful IPO in 2018, which has bolstered its market position. With a commitment to innovation and sustainability, VGP continues to set benchmarks in the real estate industry, making it a trusted partner for businesses seeking modern, efficient spaces.

52
DitchCarbon score

+24 vs industry average

Vgp’s score of 52 is higher than 67% of the industry. This can give you a sense of how well the company is doing compared to its peers.

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Industry Intensity

High

Real Estate Services has above-average carbon intensity

Industry performance

0.208
20192025

The Real Estate Services industry has reduced its overall emissions by 42% since 2019

Emissions trajectory 2020 – 2028

0.0M0.0M0.0M000K0

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202020212022202320242025202620272028

Reported emissions

Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e

Scope 3 accounts for ••• of total emissions.

Vgp's reported carbon emissions

VGP, a real estate services company headquartered in Belgium, has established several climate commitments and reported its greenhouse gas emissions. For the 2025 reporting year, VGP reported total emissions of approximately 1.88 million kg CO2e. This includes Scope 1 emissions of around 639,000 kg CO2e and Scope 2 emissions of about 12,000 kg CO2e (market-based). Scope 3 emissions for the same year were approximately 1.25 million kg CO2e, encompassing business travel, employee commute, waste generated in operations, and fuel and energy-related activities.

In 2024, VGP's total emissions were approximately 2.12 million kg CO2e, with Scope 1 at about 742,000 kg CO2e and Scope 2 (market-based) at approximately 142,000 kg CO2e. Scope 3 emissions for 2024 totalled around 1.23 million kg CO2e.

VGP is committed to significant emissions reductions, with targets approved by the Science Based Targets initiative (SBTi). The company aims to reduce absolute emissions from Scopes 1 and 2 by 50% between 2020 and 2030. Furthermore, VGP has set a target to reduce the absolute embodied carbon of new developments by 20% by 2030, against a 2020 baseline. They also aim for a 55% reduction in "tenant use" Scope 3 carbon emissions by 2030. The SBTi also states that VGP NV commits to reducing Scope 1 and Scope 2 GHG emissions by 42% by 2030 from a 2020 base year, and to measure and reduce its Scope 3 emissions.

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Vgp’s Climate Goals (2030 & 2050)

4 goals

2030

55% reduction in all scopes

To reduce absolute emissions from tenant energy consumption by 55% by 2030

Behind target55%

2030

62% reduction in total GHG

Vs 2019 baseline. Validated by SBTi. Includes full supply chain.

At risk48%

2040

50% reduction in Scope 3 intensity

Across purchased goods and services and logistics.

Behind target22%

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Scope 3 top emissions categories

4 of 15 categories disclosed
Business Travel74%
Fuel & Energy Activities15%
Employee Commuting10%
Waste Generated in Operations0%
Business Travel74%
Fuel & Energy Activities15%
Employee Commuting10%
Waste Generated in Operations0%

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Climate initiatives

SCIENCE BASED TARGETS

Science Based Targets Initiative

2030 targetSee details
Active
CDP

Carbon Disclosure Project

Sign in to view
Active
THE CLIMATE PLEDGE

The Climate Pledge

See details
Not active
United Nations Global Compact

UN Global Compact Climate Champions initiative

See details
Not active
RE 100

RE 100

See details
Not active
Climate Action 100+

Climate Action 100

See details
Not active

Emissions comparison with industry peers

View similar organisations
CompanyCountryIndustryLast updatedScoreDetails
Vgp logoVgp
BEReal Estate Services
1 month ago
52
Prologis logoPrologis
USLessors of Nonresidential Buildings (excpet Miniwarehouses)
1 day ago
80
View
Segro logoSegro
GBFinancial Intermediation
1 day ago
77
View
Duke Realty Corporation logoDuke Realty Corporation
USReal Estate Services
1 day ago
53
View
Goodman logoGoodman
AUReal Estate Services
1 day ago
48
View
Ivanhoe Cambridge logoIvanhoe Cambridge
CAReal Estate Services
7 days ago
37
View
Brookfield Properties logoBrookfield Properties
USReal Estate Services
1 day ago
30
View

Frequently asked questions

Common questions about Vgp’s sustainability data and climate commitments

VGP reported total carbon emissions of approximately 2.12 million kg CO2e for 2024. This includes Scope 1 emissions of about 742,000 kg CO2e and Scope 2 emissions of roughly 142,000 kg CO2e. The majority of emissions, approximately 1.23 million kg CO2e, came from Scope 3, which includes business travel and employee commuting. This data highlights VGP's ongoing commitment to tracking and managing its carbon footprint as part of its sustainability strategy.

Data year: 2024

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