Victrex plc

Greenhouse gas emissions & sustainability report data

📊 Latest report period: 2020🗂️ Report periods on file: 2020

In its 2020 reporting, Victrex plc disclosed greenhouse gas emissions of 27.5K tCO2e/year (Gross Scope 1 and 2 location based). By scope: Scope 1: 18.2K tCO2e/year; Scope 2: 9.2K tCO2e/year (location 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
27.5K tCO2e/year (Gross Scope 1 and 2 location based)
2020
⚡
Renewable Energy
85% of global electricity needs
of total energy
⚙️
Energy Use
132.0K MWh/year
2020

📊 Emissions by Scope (2020)

ScopeWhat it coversReported value
Scope 1Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions).18.2K tCO2e/year
Scope 2Indirect emissions from purchased electricity, steam, heat and cooling.9.2K tCO2e/year (location based)

New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.

✅ Reported Environmental Achievements

🎯 Climate & Sustainability Targets

🔜 Short-term

  • Double recycling rates in the supply chain by 2025
  • Exceed 50% of Group revenue from sustainable products by 2025

📅 Medium-term

  • Achieve net zero carbon emissions by 2030 in own operations
  • Sustained reduction in resources (carbon, waste and water) per unit tonne by 2030
  • Increase revenue from sustainable products to >50% by 2030

🌱 ESG Focus Areas

Carbon emissions reductionResource efficiency (energy, water, waste)Social responsibility (STEM education, community engagement, diversity & inclusion)

⚠️ Challenges & Risks +

  • Reduced demand in Aerospace and Automotive markets due to the COVID-19 pandemic.
  • Need to maintain sustainability targets despite production cuts.

📋 Report Information

Reporting Period: 2020
Frameworks: GHG Protocol Corporate Standard, UK government regulations on Streamlined Energy and Carbon Reporting (SECR)