- Balancing environmental, social, and economic aspects of sustainability
- Increasing polarization and emotional debates surrounding ESG
- Data limitations in identifying and documenting all sustainable activities under the EU taxonomy
VP Bank Ltd
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, VP Bank Ltd disclosed greenhouse gas emissions of 3.3K tCO2e (location-based) 2564.8 tCO2e (market-based). By scope: Scope 1: 61.8 tCO2e/year; Scope 2: 844.5 tCO2eq (location-based), 149.8 tCO2eq (market-based); Scope 3: 2.4K tCO2eq/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
3.3K tCO2e (location-based) 2564.8 tCO2e (market-based)
2023
Renewable Energy
94.1% of total energy use
of total energy
Water Usage
5.0 m3/year (Liechtenstein)
2023
Waste
171.7 tons/year (Liechtenstein)
2023
Energy Use
3.6K MWh/year
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 61.8 tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 844.5 tCO2eq (location-based), 149.8 tCO2eq (market-based) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 2.4K tCO2eq/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 3.3K tCO2e (location-based) 2564.8 tCO2e (market-based) |
| 2020 | 119 tCO2e/year |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Increased the share of renewable energy in the Group’s total energy consumption to 94.1%
- Transitioned from physical brochures to digital formats to minimize resource consumption
- Initiated a feasibility assessment to examine the use of renewable energies at the BVI location
🎯 Climate & Sustainability Targets
🔜 Short-term
- Achieve CO2-neutral business operations by 2026
📅 Medium-term
- Reduce financed emissions
- Increase assets under management in sustainable investment solutions
- Improve gender diversity in the workforce
🔭 Long-term
- Achieve net-zero emissions by 2050 for own investments and credit portfolio
🌱 ESG Focus Areas
Climate changeCorporate governanceFair business practices and integrityEqual opportunities and diversitySustainable investmentResource efficiencyDigitalisationInnovationHuman rightsPhilanthropyVolunteering