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 28 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, with emissions distributed across various scopes: 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. This marked an increase in emissions compared to previous years, reflecting the company's growth in revenue, which reached about USD 15.92 billion. In 2022, Vipshop's emissions were approximately 1,496,000,000 kg CO2e, with Scope 1 emissions at 12,153,900 kg CO2e, Scope 2 at 84,711,300 kg CO2e, and Scope 3 emissions at 823,330,200 kg CO2e. The company has shown a commitment to reducing its carbon footprint, as indicated by its near-term targets, although it has not yet committed to a net-zero goal. Over the years, Vipshop's emissions have fluctuated, with notable figures from previous years including 673,500,000 kg CO2e in 2021 and 70,292,000 kg CO2e in 2020. The company has disclosed emissions data for Scope 1 and Scope 2, but comprehensive data for Scope 3 has only been reported in recent years. Vipshop's climate commitments include a commitment to near-term reduction targets, although specific numerical targets have not been disclosed. The company operates within the retail sector in China and continues to explore strategies to enhance its sustainability efforts.
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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 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.
