Climate Change Data

VEMO

Climate Impact & Sustainability Data (2022)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:25.4 ktCO2e
Scope 1 Emissions:15.3 ktCO2e
Scope 2 Emissions:1.3 ktCO2e
Scope 3 Emissions:8.8 ktCO2e
Total Energy Consumption:3 GWh

ESG Focus Areas

  • Climate Change
  • Air Quality
  • Diversity, Equity and Inclusion
  • Green Jobs
  • Financial Inclusion
  • Safety
  • Ethics and Compliance
  • Cybersecurity

Environmental Achievements

  • Reduced GHG emissions by 2,398 tCO2e (Scopes 1, 2 & 3)
  • Reduced air quality emissions by >5.2 tons PM, NOx, SO2
  • Reached +6k charging points, exceeding 50 MW of charging capacity in Mexico

Social Achievements

  • 1,311 direct jobs created (71% drivers)
  • 1,400+ lease portfolio for underbanked drivers enabling vehicle ownership
  • 82% Reduction in Total Recordable Injury Rate (TRIR)
  • 65% Reduction in level 4 & 5 accidents
  • Over 10,320 hours of training provided through VEMO University

Governance Achievements

  • Implemented comprehensive ethics and compliance program including Anti-Corruption Policy, Code of Conduct, and Anti-harassment policies
  • 100% compliance with all reporting activities before relevant Mexican authorities
  • Established internal board committees (Audit, Risk, Talent Development, Crisis Management)

Climate Goals & Targets

Long-term Goals:
  • Achieve 2024 Decarbonization Strategy
Medium-term Goals:
  • Achieve a balanced relationship between men and women in all company areas
  • Align VEMO’s ESG reporting with TCFD, GRI, SBT recommendations
Short-term Goals:
  • Develop a materiality and risk assessment exercise including climate variables impacts
  • Set targets for annual GHG emission reductions

Environmental Challenges

  • Closing the gender gap in labor force participation and leadership
  • Addressing air pollution in Mexico City and Bogotá
  • Decarbonizing the LTO fleet (transition to EVs and hybrids)
Mitigation Strategies
  • Implementing DE&I initiatives to improve gender balance
  • Expanding EV fleet and charging infrastructure
  • Accelerating VEMO Impulso’s transition to Hybrids and EVs
  • Securing PPAs with renewable energy sources

Supply Chain Management

Responsible Procurement
  • Anti-corruption, labor law, and tax compliance clauses in contracts

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards, World Economic Forum's white paper on common metrics, GHG Protocol

UN Sustainable Development Goals

  • SDG 7 (Affordable and Clean Energy)
  • SDG 8 (Decent Work and Economic Growth)
  • SDG 10 (Reduced Inequalities)
  • SDG 11 (Sustainable Cities and Communities)
  • SDG 13 (Climate Action)
  • SDG 16 (Peace, Justice and Strong Institutions)

VEMO's activities contribute to these SDGs through clean mobility, job creation, financial inclusion, and sustainable urban development.

Awards & Recognition

  • IIEC recognition as a Corruption-Free Organization