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 85% 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
As of 2023, Vipshop Holdings Limited reported total greenhouse gas emissions of approximately 1,326,212,400 kg CO2e. This includes 11,247,000 kg CO2e from Scope 1 emissions, 82,517,300 kg CO2e from Scope 2 emissions, and a significant 1,232,448,100 kg CO2e from Scope 3 emissions. Vipshop has set ambitious climate commitments, aiming to reduce its absolute Scope 1 and 2 greenhouse gas emissions by 42% by 2030, using 2022 as the baseline year. Additionally, the company targets 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 contribute to global efforts to limit temperature rise to 1.5°C. In previous years, Vipshop's emissions have shown fluctuations, with total emissions of approximately 673,500,000 kg CO2e in 2021 and 84,711,300 kg CO2e in Scope 2 alone. The company is actively working towards these reduction goals, reflecting a commitment to sustainability within the retail sector in China.
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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.
