VFS Global (VFS or the Company)
Climate Impact & Sustainability Data (2021, 2022)
Reporting Period: 2021
Environmental Metrics
Renewable Energy Share:52%
ESG Focus Areas
- Sustainable Economic Growth
- Good Governance
- Employee Well-being
- Environmental Protection
- Community Support
- Diversity, Equity and Inclusion
- Greenhouse Gas Emission Reduction
Environmental Achievements
- 52% of global electricity usage covered by renewable energy
- More than 1,500 trees planted in India and the UAE (9.2 tonnes CO2 sequestering)
- Support of the Kolar bio-gas project, offsetting 73,429 tCO2 emissions for business-related travel
- 18% of locations use certified green printing paper
Social Achievements
- Female to Male ratio of 58:42 across all ranks
- 99% of women employees in India returned to work after maternity leave due to flexible working hours and creche facilities
- Close to 60% of operations staff are women
- Equal pay ratio of 100%
- 67% employee engagement (above industry average)
- 82% of global workforce attended at least one training program
- Average 2.9 person-days of training participation
- More than 55,000 individuals benefited through VFS Global outreach initiatives
- 60+ community initiatives rolled out across 22 countries
Governance Achievements
- Leadership performance linked to sustainability goals
- Integrated Report 2021 based on GRI standards
- Target to increase women in leadership roles to more than 28% by end of 2022 from 23% in 2021
Climate Goals & Targets
Medium-term Goals:
- Over 70% renewable energy by 2023
Short-term Goals:
- Increase women in leadership roles to more than 28% by end of 2022
Supply Chain Management
Responsible Procurement
- Green procurement (18% of locations use certified green printing paper)
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:93,473 tCO2e/year
Scope 1 Emissions:7,446 tCO2e/year
Scope 2 Emissions:51,606 tCO2e/year
Scope 3 Emissions:34,421 tCO2e/year
Renewable Energy Share:72%
Total Energy Consumption:15,948 MWh/year
Water Consumption:Not disclosed
Waste Generated:10,035.25 tons/year
Carbon Intensity:10.6 tCO2e per FTE
ESG Focus Areas
- Sustainable Economic Growth
- Good Governance
- Nurturing Colleagues
- Protecting the Environment
- Supporting Communities
Environmental Achievements
- Shifted 72 percent of electricity needs to renewable energy through the use of Energy Attribute Certificates (EACs) in eligible countries, covering 11,023 MWhs.
- Planted 202,000 trees (cumulative total of 203,500 trees) as part of our tree planting goal of one million trees by 2027
- Overall carbon footprint decreased by 40 percent in 2022, compared to the base year of 2019
Social Achievements
- Increased Employee volunteering from 0.25 hrs/FTE in 2021 to 0.68 hrs/ FTE in 2022
- Benefited 59,000+ individuals from over 100 initiatives with more than 40 charity partners across regions towards education, women's empowerment and empathy causes.
- Launched our Inclusive Language Guide within our framework of supporting Diversity Equity and Inclusion in the workplace.
Governance Achievements
- Became a participant of the UN Global Compact Initiative, signed the UN Women’s Empowerment Principles and pledged to accelerate women representation in managerial levels with the UAE Gender Balance Council
- Implemented an internal verification mechanism to ensure that the performance data presented in this report is accurate.
- ESG Committee has reviewed and approved the report.
Climate Goals & Targets
Long-term Goals:
- reach net zero in selected countries by 2050
Medium-term Goals:
- Reach 95 percent Client Governments satisfaction
- Reach 92 percent Applicants Satisfaction
Short-term Goals:
- Improve Gender Diversity at senior management level (target of 29 percent)
- Enhance employee engagement score by 2 percent from 2022
- Reduce our carbon footprint (scope 1 & 2) by 10 percent with base year 2019
Environmental Challenges
- War between Russia and Ukraine and the slower than anticipated lifting of travel restrictions in China affected the recovery in these regions.
- Geopolitical and travel disruption
- Changes in consumer demand may impact the group’s short-term growth rates and margin expectations.
Mitigation Strategies
- VFS Global diversified footprint / travel corridors, and resilient business model, driven by the variety of visa categories available to applicants (including non-discretionary categories such as work, student and long-term settlement) as well as in-country citizen services has enabled VFS Global to recover its business more quickly.
- Continuing cost discipline improved operational structure and efficiency measures put in place will enable VFS Global to capitalise significantly on the continued upswing in travel in 2023 and beyond.
- VFS Global serves applicants across a broad range of visa requirements (tourist, business, relocation, employment, religious travel etc.), which also mitigates the consumer demand risk.
Supply Chain Management
Supplier Audits: 90% of total vendors assessed against sourcing code of conduct
Responsible Procurement
- Supplier Code of Conduct
- Prioritises purchasing from local businesses, small and medium-sized enterprises (SMEs), and diversifying our supply chain such as focusing on women-owned/run businesses, and indigenous peoples’ vendors
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: GRI Standards 2021, SASB Standards, Greenhouse Gas (GHG) Protocol, UN SDGs
Certifications: ISO 9001:2015, ISO 14001:2015, ISO 27001:2013, ISO 45001:2018, ISO 10002:2018, ISO/IEC/IEEE 23026:2015, Germany IT Grundschutz, Spain ENS, UK Cyber Essentials, ISO 37001:2016
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Goal 1
- Goal 4
- Goal 5
- Goal 8
- Goal 10
- Goal 12
- Goal 13
- Goal 15
- Goal 16
Not disclosed
Sustainable Products & Innovation
- eVisa services
- Visa At Your Doorstep (VAYD) service
Awards & Recognition
- Dubai Quality Appreciation Award (DQAA) 2021
- Service Excellence 2022
- Gulf Sustainability Awards Finalist
- 19th Ghana Club 100 Awards
- Golden Peacock National Training Award 2022
- iVolunteer Awards 2022 Finalist
- Best HR Management Team HR Flag Awards
- Best HR Management Programme Award HR Flag Awards
- People Maturity Model (PMM) Level 5 Certification