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 33 is higher than 85% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Vipshop's reported carbon emissions
In 2023, Vipshop Holdings Limited reported total carbon emissions of approximately 1,326,212,400 kg CO2e, comprising 11,247,000 kg CO2e from Scope 1, 82,517,300 kg CO2e from Scope 2, and a significant 1,232,448,100 kg CO2e from Scope 3 emissions. This reflects the company's ongoing commitment to addressing its carbon footprint. 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 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 align with the Science Based Targets initiative (SBTi) and are designed to support global efforts to limit temperature rise to 1.5°C. Overall, Vipshop's climate commitments demonstrate a proactive approach to sustainability within the retail sector, focusing on significant reductions across all relevant scopes of emissions.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 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 committed to some reduction initiatives 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.
