Virgin Group Holdings Limited
Virgin Group Holdings Limited, commonly known as Virgin Group, is a British multinational conglomerate headquartered in VG. Founded in 1970 by Sir Richard Branson, the company has evolved into a diverse entity with significant operations across various sectors, including travel, telecommunications, health, and entertainment. With a commitment to innovation and customer experience, Virgin Group offers a range of unique products and services, such as Virgin Atlantic's premium airline experience and Virgin Mobile's customer-centric mobile solutions. The company has achieved notable milestones, including the launch of Virgin Galactic, which aims to revolutionise space travel. Renowned for its strong brand identity and market presence, Virgin Group continues to be a leader in its industries, consistently pushing boundaries and setting new standards for quality and service.
DitchCarbon Score
How does Virgin Group Holdings Limited'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 Hospitality 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
Virgin Group Holdings Limited's score of 27 is higher than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Virgin Group Holdings Limited's reported carbon emissions
In 2022, Virgin Group Holdings Limited reported total carbon emissions of approximately 4,069,771,000 kg CO2e. This figure includes Scope 1 emissions of about 3,092,757,000 kg CO2e, primarily from mobile combustion, which accounted for approximately 3,090,836,000 kg CO2e. Scope 2 emissions were negligible at 1,246,000 kg CO2e, while Scope 3 emissions totalled around 977,014,000 kg CO2e, with significant contributions from fuel and energy-related activities (approximately 640,572,000 kg CO2e) and purchased goods and services (about 108,067,000 kg CO2e). Comparatively, in 2021, the company emitted approximately 1,770,432,000 kg CO2e in Scope 1, 1,440,000 kg CO2e in Scope 2, and 565,731,000 kg CO2e in Scope 3. This indicates a substantial increase in emissions from 2021 to 2022, particularly in Scope 1 emissions. Despite the significant emissions figures, Virgin Group Holdings Limited has not publicly disclosed specific reduction targets or initiatives, nor does it appear to have cascaded any targets from parent organisations. The company has not committed to any industry-standard climate pledges or initiatives such as the Science Based Targets initiative (SBTi) or the Climate Pledge. Overall, Virgin Group Holdings Limited's emissions data reflects a considerable carbon footprint, with a need for clear climate commitments and reduction strategies to align with global sustainability goals.
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| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Scope 1 | 4,194,229,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 3,225,000 | 0,000,000 | 0,000,000 | - |
| Scope 3 | 1,729,267,000 | 000,000,000 | 000,000,000 | 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.
Virgin Group Holdings Limited is not participating in any 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.
