Climate Change Data

Vp plc

Climate Impact & Sustainability Data (2022-04 to 2023-03)

Reporting Period: 2022-04 to 2023-03

Environmental Metrics

Total Carbon Emissions:37,229 tCO2e (market-based) / 38,498 tCO2e (location-based)
Scope 1 Emissions:15,363 tCO2e
Scope 2 Emissions:1,269 tCO2e
Scope 3 Emissions:21,866 tCO2e
Renewable Energy Share:87% in FY2023 (target 100% by FY2030)

ESG Focus Areas

  • Climate Change
  • Sustainability

Environmental Achievements

  • Reduced carbon emissions by an estimated 2,500 tCO2e annually through various projects.
  • Improved energy efficiency by 7% through site upgrades.
  • Reduced total waste production by 18% in FY22-23.
  • Reduced largest commercial vehicle fleet by 5%.
  • Increased hybrid EVs in company car fleet to 68%.

Social Achievements

  • All employees will be carbon literate and trained in sustainability by 2025 (target).

Governance Achievements

  • Created the executive committee position of Group Risk and Sustainability Director.
  • Incorporated ESG aspects into routine Board-level reviews.
  • Published Sustainable Procurement and Climate Change policies.

Climate Goals & Targets

Long-term Goals:
  • Reduce absolute scope 1, 2 and 3 GHG emissions 90% by FY2050 from a FY2023 base year.
Medium-term Goals:
  • Achieve net-zero GHG emissions across the value chain by 2050.
Short-term Goals:
  • Reduce scope 1 GHG emissions 50.4% from FY2023 base year.
  • Reduce scope 3 GHG emissions 50% from purchased goods and services, capital goods, use of sold products and downstream leased assets.
  • Increase annual sourcing of renewable electricity from 87% in FY2023 to 100% by FY2030.
  • Majority of top 250 suppliers by emissions to have science-based targets.
  • Reduce energy consumption intensity (kWh/m2) 20% from a 2021 baseline.
  • Reduce waste production intensity 30%, recycle more than 85% waste and divert more than 95% waste from landfill using a 2021 baseline.

Environmental Challenges

  • Supply chain emissions (Scope 3)
  • Refining emissions methodology for greater accuracy.
Mitigation Strategies
  • Refining scope 3 methodology towards supplier-specific data.
  • Integrating new supplier management software to facilitate closer oversight of supply chain emissions.
  • Working with top 250 suppliers by emissions to set science-based targets.

Supply Chain Management

Responsible Procurement
  • Published Sustainable Procurement and Climate Change policies.
  • Integrating new supplier management software.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Greenhouse Gas Protocol, Science Based Targets initiative (SBTi), HM Government’s Environmental Reporting Guidelines, DEFRA’s 2023 UK Greenhouse Gas Conversion Factors for Company Reporting

Certifications: ISO 50001, ISO 14001, Supply Chain Sustainability School's Gold Plant Charter award

Sustainable Products & Innovation

  • Zero emissions at point of use rental fleet

Awards & Recognition

  • Supply Chain Sustainability School's Gold Plant Charter award