Vipshop Sustainability Profile
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 60% 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's emissions were about 823,330,200 kg CO2e for Scope 3, with Scope 1 and 2 emissions at approximately 12,153,900 kg CO2e and 84,711,300 kg CO2e, respectively. This indicates a substantial increase in total emissions year-on-year, particularly in Scope 3. Vipshop has set ambitious near-term targets to reduce its greenhouse gas emissions. The company aims to achieve a 42% reduction in absolute Scope 1 and Scope 2 emissions by 2030, using 2022 as the baseline year. Additionally, it has committed to a 51.6% reduction in Scope 3 emissions per million USD value added within the same timeframe. These targets are aligned with the Science Based Targets initiative (SBTi) and are designed to support efforts to limit global warming to 1.5°C. Overall, Vipshop's climate commitments reflect a proactive approach to managing its carbon footprint, with a focus on significant reductions across all scopes of emissions by 2030.
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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 |
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Vipshop'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.
Vipshop 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.
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Frequently Asked Questions
Common questions about Vipshop's sustainability data and climate commitments