Vestre

Vestre's reported carbon emissions

Vestre, a furniture and other manufactured goods company based in Norway, has outlined significant climate commitments and reported its carbon emissions across Scopes 1, 2, and 3. For 2024, Vestre reported total emissions of approximately 6.0 million kg CO2e. This comprised about 5,010 kg CO2e for Scope 1 emissions, approximately 95,040 kg CO2e for Scope 2 (purchased electricity), and a substantial 5.9 million kg CO2e for Scope 3 emissions. Key contributors to Scope 3 included purchased goods and services (approximately 5.0 million kg CO2e) and downstream transportation and distribution (about 757,210 kg CO2e). In 2023, Vestre's total emissions were approximately 5.6 million kg CO2e. Scope 1 emissions stood at around 25,740 kg CO2e, Scope 2 at about 91,680 kg CO2e, and Scope 3 at approximately 5.5 million kg CO2e. The company is working towards ambitious reduction targets. Vestre has committed to cut its total absolute emissions by 50% from 2021 levels by 2030. Additionally, it aims to reduce its carbon intensity (emissions per unit of output) by 80% from 2021 levels by the same year. Vestre has also set Science Based Targets initiative (SBTi) commitments. The company pledges to reduce absolute Scope 1 and Scope 2 greenhouse gas emissions by 46% by 2030, using 2019 as a baseline year. They also commit to measuring and reducing their Scope 3 emissions. These targets are consistent with limiting global warming to 1.5°C and are part of their near-term reduction strategy. Their Scope 1 target is on track for the two-year and five-year assessments, while their Scope 2 target is not currently on track for the five-year assessment.