Vipshop
Vipshop Holdings Limited, commonly known as Vipshop, is a leading Chinese e-commerce platform headquartered in Guangzhou, CN. Founded in 2008, Vipshop has established itself as a prominent player in the online retail industry, specialising in discounted branded products across various categories, including fashion, beauty, and home goods. The company operates primarily in mainland China, catering to millions of customers with its unique flash sales model, which offers limited-time promotions on high-quality merchandise. Notable for its commitment to customer satisfaction and efficient logistics, Vipshop has garnered a strong market position, consistently ranking among the top e-commerce platforms in China. With a focus on providing exceptional value, Vipshop continues to innovate and expand its offerings, solidifying its reputation as a trusted destination for savvy shoppers.
DitchCarbon Score
How does Vipshop'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 Retail Trade 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
Vipshop's score of 38 is higher than 61% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Vipshop's reported carbon emissions
In 2023, Vipshop Holdings Limited reported total carbon emissions of approximately 1,326,212,400 kg CO2e. This figure includes Scope 1 emissions of about 11,247,000 kg CO2e, Scope 2 emissions of approximately 82,517,300 kg CO2e, and a significant contribution from Scope 3 emissions, which totalled around 1,232,448,100 kg CO2e. Comparatively, in 2022, the company recorded total emissions of about 823,330,200 kg CO2e for Scope 3, alongside Scope 1 and 2 emissions of approximately 12,153,900 kg CO2e and 84,711,300 kg CO2e, respectively. This indicates a substantial increase in emissions, particularly in Scope 3, which is often the largest source of emissions for retail companies. Vipshop has set ambitious near-term targets through the Science Based Targets initiative (SBTi), committing to reduce absolute Scope 1 and 2 greenhouse gas emissions by 42% by 2030 from a 2022 baseline. Additionally, the company aims to achieve a 51.6% reduction in Scope 3 emissions per million USD value added within the same timeframe. These targets reflect a commitment to align with the necessary reductions to limit global warming to 1.5°C. Overall, Vipshop's emissions data and climate commitments highlight the company's recognition of its environmental impact and its proactive approach to reducing greenhouse gas emissions across all scopes.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 75,213,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 59,701,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | 000,000,000 | 000,000,000 | 0,000,000,000 |
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.
Vipshop 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.
