Victrex Sustainability Profile
Victrex plc, headquartered in the United Kingdom, is a leading global manufacturer in the high-performance polymer industry. Founded in 1993, the company has established itself as a pioneer in the development of PEEK (polyether ether ketone) and other advanced materials, serving diverse sectors such as aerospace, automotive, and medical. With operational facilities in Europe, North America, and Asia, Victrex is renowned for its innovative solutions that enhance performance and efficiency. The company’s core products, including VICTREX PEEK and VICTREX AE 250, are distinguished by their exceptional strength, thermal stability, and chemical resistance. Victrex has achieved significant milestones, including a strong market position as a trusted supplier, and continues to drive advancements in polymer technology, making it a key player in the global materials landscape.
DitchCarbon Score
How does Victrex'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 Chemicals 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
Victrex's score of 72 is higher than 84% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Victrex's reported carbon emissions
In 2024, Victrex plc reported total greenhouse gas emissions of approximately 78.8 million kg CO2e, comprising 18,085,000 kg CO2e from Scope 1, 3,172,000 kg CO2e from Scope 2 (market-based), and 57,527,000 kg CO2e from Scope 3 emissions. This represents a significant reduction from the previous year's total of approximately 113.9 million kg CO2e in 2023. Victrex has set ambitious climate commitments, aiming for net-zero greenhouse gas emissions across its value chain by FY2050. The company has established near-term targets to reduce absolute Scope 1 and 2 emissions by 50.4% by 2032, using 2022 as the baseline year. Additionally, Victrex aims to cut absolute Scope 3 emissions by 30% within the same timeframe. Long-term goals include a 90% reduction in both Scope 1 and 2 emissions and Scope 3 emissions by 2050, also from a 2022 baseline. Victrex's emissions data is not cascaded from any parent organization, indicating that these figures are independently reported. The company is committed to aligning its targets with the Science Based Targets initiative (SBTi), ensuring that its reduction strategies are consistent with the global goal of limiting temperature rise to 1.5°C.
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| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 21,203,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 17,932,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 3,839,000 | 0,000,000 | 0,000,000 | - | 00,000,000 | - | - | - | 00,000,000 | 00,000,000 |
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Victrex'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.
Victrex 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 Victrex's sustainability data and climate commitments