- High inflationary pressure impacting consumer spending and the smartphone market.
- Decline in new projects and sales from customers, resulting in a 29.3% decrease in revenue.
- Global economic uncertainty, geopolitical tensions, and evolving consumer preferences.
V2Y Corporation Ltd.
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, V2Y Corporation Ltd. disclosed greenhouse gas emissions of 1.324 tonnes of CO2 equivalent (Scope 2). By scope: Scope 2: 1.324 tCO2e/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
1.324 tonnes of CO2 equivalent (Scope 2)
2023
Water Usage
8.7 m3/year
2023
Waste
54.35 tons/year (paper)
2023
Energy Use
3.2K kWh/year
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 1.324 tCO2e/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 | 1.324 tonnes of CO2 equivalent (Scope 2) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced paper usage from 94.05kg in FY2022 to 54.35kg in FY2023 (42% reduction)
- Reduced electricity consumption from 7,241 kWh in FY2022 to 3,176 kWh in FY2023 (56% reduction)
- Reduced water consumption from 55.8 cubic meters in FY2022 to 8.7 cubic meters in FY2023 (84% reduction)
- Maintained zero fines or penalties for non-compliance with environmental laws and regulations.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce paper consumption by 25% annually.
- Maintain zero fines and penalties for non-compliance with environmental laws and regulations.
- Maintain zero incidents of bribery or corruption.
- Maintain zero incidents of non-compliance with all applicable laws and regulations.
📅 Medium-term
- Adopt an economically viable platform to make internal controls paper-light and external communications 100% paperless.
- Deal mainly with suppliers that practice responsible actions towards the environment and apply the highest standard of energy efficiency.
- Ensure zero complaints are received regarding any breaches of customer privacy.
🔭 Long-term
- Strive to make minimal impact on the environment in our operations.
- Engage with suppliers that have net zero emissions.
- Ensure customer data can be kept at source and establish a secure link between the source and the end user directly, without V2Y accessing the information as an administrator, at an economically viable method.
🌱 ESG Focus Areas
Economic AspectProduct and service qualityWaste managementEnergy and water efficiencyTalent attraction and retentionOccupational health and safetyTraining and developmentEthics and business conductRisk management