Victrex
Victrex plc, headquartered in the United Kingdom, is a leading global manufacturer in the high-performance polymer industry. Founded in 1993, the company has established itself as a pioneer in the development of PEEK (polyether ether ketone) and other advanced materials, serving diverse sectors such as aerospace, automotive, and medical. With operational facilities in Europe, North America, and Asia, Victrex is renowned for its innovative solutions that enhance performance and efficiency. The company’s core products, including VICTREX PEEK and VICTREX AE 250, are distinguished by their exceptional strength, thermal stability, and chemical resistance. Victrex has achieved significant milestones, including a strong market position as a trusted supplier, and continues to drive advancements in polymer technology, making it a key player in the global materials landscape.
DitchCarbon Score
How does Victrex'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 Chemicals 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
Victrex's score of 60 is higher than 77% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Victrex's reported carbon emissions
In 2024, Victrex plc reported total carbon emissions of approximately 24,096,000 kg CO2e from Scope 1 and Scope 2 sources combined, with Scope 1 emissions at about 16,768,000 kg CO2e and Scope 2 emissions at approximately 7,328,000 kg CO2e (with a market-based total of 435,000 kg CO2e). This represents a decrease from 2023, where total emissions were about 29,345,000 kg CO2e, comprising 20,654,000 kg CO2e from Scope 1 and 8,691,000 kg CO2e from Scope 2. Victrex has set ambitious climate commitments, aiming for net-zero greenhouse gas emissions across its value chain by FY2050. The company has established near-term targets to reduce absolute Scope 1 and 2 emissions by 50.4% by 2032, using 2022 as the baseline year. Additionally, Victrex aims to cut absolute Scope 3 emissions by 30% within the same timeframe. Long-term goals include a 90% reduction in both Scope 1 and 2 emissions by 2050, alongside a 90% reduction in Scope 3 emissions. These targets are aligned with the Science Based Targets initiative (SBTi) and reflect Victrex's commitment to addressing climate change within the chemicals sector. The company is actively working towards these goals, demonstrating a proactive approach to sustainability and carbon management.
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| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 21,203,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 17,932,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 3,839,000 | 0,000,000 | 0,000,000 | - | 00,000,000 | - | - | - | 00,000,000 | 00,000,000 |
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.
Victrex 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.
