- Reduction in demand for products
- Customer-specific risk (concentration of revenue from a small number of customers)
- Delays in regulatory approval
- Supply chain risk
- Higher interest rates and perceived risk of debt
- Rising raw material costs (although stabilizing in 2023)
- MDR compliance transition
Venture Life Group plc
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Venture Life Group plc disclosed greenhouse gas emissions of 13.2M kg CO2e/year (2023). By scope: Scope 1: 367.0K tCO2e/year (2023); Scope 2: 335.0K tCO2e/year (2023); Scope 3: 10.5M tCO2e/year (2023). 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
13.2M kg CO2e/year (2023)
2023
Renewable Energy
59% at Gnesta (2023), 14% at Biokosmes (2023)
of total energy
📊 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). | 367.0K tCO2e/year (2023) |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 335.0K tCO2e/year (2023) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 10.5M tCO2e/year (2023) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- 77% reduction in carbon emissions from transport at Biokosmes (2022)
- 23% reduction in heating consumption at Biokosmes (2022)
- 18% of waste material recycled at Biokosmes (2022)
- 59% of electricity generated from renewable sources at Gnesta site (2023)
- 59% of waste recycled at Gnesta site (2023)
- 14% of electricity generated from solar panels at Biokosmes site (2023)
- 34% of paper and plastic waste recycled and recovered at Biokosmes site (2023)
- 50% reduction in water used on washing tools at Biokosmes site (2023)
- Pivoted to environmentally friendly, recycled and recyclable consumables used in the UK office (2023)
- Recycled all coffee pods and batteries in the UK office (2023)
🎯 Climate & Sustainability Targets
🔜 Short-term
- B Corp certification for Biokosmes (2024)
- Net-zero goal by the end of 2024 at Biokosmes
📅 Medium-term
- Achieve net zero carbon emissions by 2030
🔭 Long-term
- Achieve net zero carbon emissions by 2050
🌱 ESG Focus Areas
SustainabilityCommunity InvestmentEmployee Well-beingCarbon NeutralityRenewable EnergyWaste ReductionDiversity & Inclusion