Vp's Environment &
Sustainability Programme

Vp plc
Environment
& Sustainability
Programme

Our Climate Change Commitments

 

Vp plc’s near-term, long-term and net-zero targets have been validated by the Science-based Targets Initiative (SBTi). To ensure a robust transition plan, we have aligned our targets, specifically with the SBTi’s Net Zero Standard and to a 1.5 degrees Celsius trajectory.

Net Zero Target

Vp plc commits to reach net-zero GHG emissions across the value chain by 2050 from a 2023 base year.

Long Term Absolute Reduction Target

Vp plc commits to reduce absolute scope 1, 2 and 3 GHG emissions 90% by FY2050 from a FY2023 base year.

Near-Term Targets

Vp plc commits to reduce absolute scope 1 GHG emissions 50.4% by FY2033 from a FY2023 base year. Vp plc also commits to reduce absolute scope 3 GHG emissions 50% from purchased goods and services, capital goods, use of sold products and downstream leased assets within the same timeframe. Vp plc further commits to increase annual sourcing of renewable electricity from 87% in FY2023 to 100% by FY2030.

Short Term Targets

By 2025:

  • The majority of Vp plc’s top 250 suppliers by emissions will have set science-based emissions reduction targets.
  • All employees will be carbon literate and trained in sustainability.
  • Vp plc will reduce its energy consumption intensity (kWh/m2) 20% from a 2021 baseline.
  • Vp plc shall reduce waste production intensity 30%, recycle more than 85% waste and divert more than 95% waste from landfill using a 2021 baseline.

Please note these four 2025 targets above have not been validated by the SBTi.

Latest news

To evaluate our alignment with the United Nations’ 17 Sustainable Development Goals (SDGs) and their corresponding targets, we conducted a thorough review. These 17 aspirational goals were defined with the purpose of progressing positive environmental, social and governance change for the world by the 2030. They are a blueprint to achieve a better and more sustainable future for all and they address many of the global challenges we face including poverty, climate change and biodiversity loss.

Vp are focused on 11 of the SDGs, listed below, and the presence of SDG icons throughout the website signifies where we are achieving progress towards these goals.

SDGs for our customers, investors and supply chain
SDGs for our people

The Vp Group recognises that development is absolutely important, but in a way that is in balance with nature.

Achievements

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