Primary Climate Goal
Vistry Group's target annual Scope 1 + 2 emissions for 2030 should be equal to 4.6 Kt = 42% * 7.9 Kt, according to the company's stated climate goal.
In order to achieve this goal, Vistry Group would need to reduce its emissions at least by -2.6 Kt per annum over the period from 2022 to 2030:
-2.6 Kt = ( 4.6 Kt - 28 Kt ) / (2030 - 2021)
This translates into a -9.3% reduction in 2022.
The projected range shown on the chart is based on the Exerica's algorithm which takes account of both the company's stated goal and its past performance.
Vistry Group aims to reduce Scope 1 + 2 by 42% by 2030 from a base year 2020
Science Based Targets initiative In October 2021 SBTi developed and launched world's first net zero standard, providing framework and tools for companies to set science-based net zero targets and limit global temperature rise above pre-industrial levels to 1.5 °C.
In October 2021 SBTi developed and launched world's first net zero standard, providing framework and tools for companies to set science-based net zero targets and limit global temperature rise above pre-industrial levels to 1.5 °C.
GHG emissions and Carbon intensity
Scope 1 + 2 GHG emissions (in tons of CO2e) divided by the company's Revenues (in USDm) for the same period
Vistry Group reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 28 Kt (+20/+254% y-o-y). Carbon intensity also surged to 8.6 t (+5.2/+153% y-o-y).
No public disclosure of Scope 3 emissions has been found for Vistry Group at the moment.
The company is committed to reducing Scope 1 + 2 by 42% by 2030 from a base year 2020, which translates into the estimated reduction of -2.6 Kt per annum over the period of FY2022 - FY2030. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.
Vistry Group also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. Vistry Group plc commits to reduce absolute scope 1 and 2 GHG emissions 42% by 2030 from a 2021 base year. Vistry Group plc also commits to reduce scope 3 GHG emissions 48% per square meter of completed housing within the same timeframe.