- Market headwinds in 2023
- Energy-intensive business model
- Scope 3 emissions reduction
- Data gaps in conflict minerals reporting from suppliers
- Cybersecurity threats
- Emerging risks associated with AI
VAT Group AG
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, VAT Group AG disclosed greenhouse gas emissions of 7.4K tCO2e/year (market-based). By scope: Scope 1: 1.1K tCO2e/year; Scope 2: 6.4K tCO2e/year (market-based). 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
7.4K tCO2e/year (market-based)
2023
Renewable Energy
68.2% (purchased energy)
of total energy
Water Usage
107.9K m3/year
2023
Waste
4.5K tons/year
2023
Energy Use
41.1M kWh/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). | 1.1K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 6.4K tCO2e/year (market-based) |
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 | 7.4K tCO2e/year (market-based) |
| 2021 | 12.1K tons |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced GHG emissions (Scope 1 and 2) by 12% compared to 2022 levels (market-based approach shows a 45% reduction)
- Increased share of renewable energy from purchased energy globally from 61.6% in 2022 to 68.2% in 2023
- Installed solar power panels at Malaysia facility, doubling solar capacity in the next few years globally.
- Initiated a pilot project conducting a Life Cycle Assessment (LCA) on two valves.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce GHG emissions (Scope 1 and 2) by 50% by 2025 (vs. 2022 levels)
- Increase share of women among new hires to 23% by 2027
📅 Medium-term
- Increase share of women among new hires to 25% by 2030
- Increase the share of women in leadership positions to 25% by 2027
- Aim for 100% renewable energy
🌱 ESG Focus Areas
Climate protectionWorkforce diversityEthics and integritySustainable resource use