Vistra

Vistra's Carbon Emissions and Climate Commitments: A Summary

Vistra, operating in the retail trade services sector (excluding motor vehicles and motorcycles; repair services of personal and household goods), based in Hong Kong, has established significant climate commitments.

Latest Emissions Data (2024)

In 2024, Vistra reported a total emissions figure of approximately 93.1 billion kg CO2e. This includes:

• Scope 1 Emissions: Approximately 86.2 billion kg CO2e.
• Scope 2 Emissions: Approximately 165.3 million kg CO2e (market-based) and 214.6 million kg CO2e (location-based).
• Scope 3 Emissions: Notably, this includes approximately 1.87 billion kg CO2e from fuel and energy-related activities, 1.87 billion kg CO2e from the use of sold products, and approximately 86.3 million kg CO2e from waste generated in operations. Employee commute contributed approximately 31.7 million kg CO2e.

Emissions Reduction Targets and Commitments

Vistra has set ambitious targets to reduce its environmental impact:

• Near-Term Targets:

  • A commitment to reduce absolute Scope 1 and 2 greenhouse gas (GHG) emissions by 58% by 2028, from a 2018 base year. This target has been validated by the Science Based Targets initiative (SBTi).
  • Further, Vistra commits to reduce absolute Scope 3 GHG emissions from the use of sold products by 42% within the same timeframe (by 2028 from a 2018 base year), also validated by SBTi.
  • Vistra has also set a target for a 60% reduction in Scope 1 and Scope 2 CO2 equivalent emissions by 2030, compared to a 2010 baseline.

• Long-Term Targets:

  • Vistra aims to achieve net-zero carbon emissions by 2050. This goal is contingent on necessary advancements in technology and supportive market constructs and public policy. This commitment is also aligned with SBTi principles.

Historical Emissions Trends

• 2023: Total emissions were approximately 89.3 billion kg CO2e, comprising Scope 1 emissions of about 86.3 billion kg CO2e and Scope 2 emissions of approximately 216.5 million kg CO2e (market-based). Scope 3 emissions included about 1.85 billion kg CO2e from the use of sold products.
• 2022: Total emissions were approximately 95.0 billion kg CO2e, with Scope 1 emissions at about 94.8 billion kg CO2e and Scope 2 emissions at approximately 220.1 million kg CO2e. Use of sold products contributed about 2.36 billion kg CO2e to Scope 3 emissions.
• 2021: Scope 1 emissions were approximately 98.7 billion kg CO2e, with Scope 2 emissions at around 243.0 million kg CO2e. Scope 3 emissions from the use of sold products were approximately 2.39 billion kg CO2e.
• 2020: Scope 1 emissions were approximately 94.3 billion kg CO2e, and Scope 2 emissions were about 333.8 million kg CO2e. Scope 3 data was not disclosed for this year.
• 2019: Scope 1 emissions totalled approximately 105.5 billion kg CO2e, with Scope 2 emissions at 249.1 million kg CO2e.
• 2018: Scope 1 emissions were approximately 118.6 billion kg CO2e, and Scope 2 emissions were about 248.6 million kg CO2e. Scope 3 emissions from the use of sold products were approximately 3.36 billion kg CO2e.
• 2017: Disclosed total Scope 1 and 2 emissions were approximately 144 billion kg CO2e.
• 2010: Scope 1 emissions were approximately 172.8 billion kg CO2e.

Vistra's emissions data is not cascaded from a parent organisation, indicating that the reported figures are directly from Vistra Corp.