Virgin Orbit Holdings, Inc.
Virgin Orbit Holdings, Inc., a prominent player in the aerospace industry, is headquartered in the United States. Founded in 2017, the company has quickly established itself as a leader in providing launch services for small satellites, utilising its innovative air-launch system. This unique approach involves launching rockets from modified aircraft, allowing for greater flexibility and accessibility in satellite deployment. With operations primarily based in California, Virgin Orbit has achieved significant milestones, including successful orbital launches that cater to a diverse range of clients. The company’s flagship product, LauncherOne, stands out for its ability to deliver payloads to various orbits, making it a preferred choice for commercial and government customers alike. As a key player in the growing small satellite market, Virgin Orbit continues to push the boundaries of space access, solidifying its position as a forward-thinking leader in the aerospace sector.
DitchCarbon Score
How does Virgin Orbit Holdings, Inc.'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 Transport Equipment Manufacturing 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 Orbit Holdings, Inc.'s score of 18 is lower than 65% 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 Orbit Holdings, Inc.'s reported carbon emissions
In 2021, Virgin Orbit Holdings, Inc. reported total carbon emissions of approximately 23,894,000 kg CO2e for Scope 1, 12,401,000 kg CO2e for Scope 2, and 8,042,000 kg CO2e for Scope 3 emissions. The Scope 3 emissions included about 3,451,000 kg CO2e attributed to purchased goods and services. Despite these figures, Virgin Orbit has not established specific reduction targets or commitments under the Science Based Targets initiative (SBTi) or other climate pledges. The company has not cascaded emissions data from any parent organisation, indicating that all reported emissions are derived solely from its own operations. As a player in the aerospace industry, Virgin Orbit's emissions profile reflects the broader challenges faced by the sector in addressing climate change. The absence of formal reduction initiatives highlights an opportunity for the company to enhance its sustainability efforts and align with industry standards for carbon reduction.
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| 2021 | |
|---|---|
| Scope 1 | 23,894,000 |
| Scope 2 | 12,401,000 |
| Scope 3 | 8,042,000 |
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 Orbit Holdings, Inc. 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.
