- Substantial inventory correction in the chemical industry
- Medical destocking
- Lower asset utilization
- Soft first half performance in Sustainable Solutions
- Global economic challenges
- Geo-political and macro-economic instability
- Raw material availability issues
- Changing workforce behaviors
- Supply chain disruptions
- Climate change impacts on supply chain and operations
Victrex plc
Greenhouse gas emissions & sustainability report data
In its 2024 reporting, Victrex plc disclosed greenhouse gas emissions of 91.9K tCO2e (FY 2023: 122798 tCO2e). By scope: Scope 1: 18.1K tCO2e; Scope 2: 16.3K tCO2e; Scope 3: 57.5K tCO2e. 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
91.9K tCO2e (FY 2023: 122798 tCO2e)
2024
Renewable Energy
100% (where the market exists)
of total energy
Water Usage
503.0K m3
2024
Waste
25.5K tons
2024
Energy Use
156.4K MWh
2024
📊 Emissions by Scope (2024)
| 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). | 18.1K tCO2e |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 16.3K tCO2e |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 57.5K tCO2e |
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 |
|---|---|
| 2024 | 91.9K tCO2e (FY 2023: 122798 tCO2e) |
| 2022-04 to 2023-03 | 148.4K t-CO2e/year |
| 2022 | 1.5M tons CO2 eq |
| 2021 | 77.8K tCO2e/year (2021) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- 100% renewable electricity across all global locations (where the market exists)
- 38% reduction in hazardous waste disposed to landfill (after treatment) vs FY 2023
- 4% reduction in Scope 1 & 2 CO2 emissions vs FY 2023
- 34% Reduction in Scope 3 emissions compared to FY 2023
🎯 Climate & Sustainability Targets
🔜 Short-term
- Exceed 50% of Group revenue from sustainable products by 2025
- Reduce absolute Scope 1 and 2 GHG emissions by 50.4% by 2032 from a 2022 base year and reduce absolute Scope 3 GHG emissions by 30% within the same timeframe.
📅 Medium-term
- Exceed 70% of Group revenue from sustainable products with environmental and societal benefits by 2030
- Reduce absolute Scope 1 and 2 GHG emissions by 90% by 2050 from a 2022 base year. Reduce absolute Scope 3 GHG emissions by 90% within the same timeframe.
- 40% of females in leadership roles by 2030
- 12% ethnicity target in senior leadership population by 2027
🔭 Long-term
- Net Zero emissions by 2050 across Scopes 1, 2 & 3
🌱 ESG Focus Areas
PeoplePlanetProducts