The global climate crisis demands urgent and collective action. Rising carbon emissions have accelerated environmental degradation, threatening ecosystems, economies and the wellbeing of future generations. The science is clear: to remain within planetary boundaries, we must drastically reduce greenhouse gas emissions. Yet, achieving this requires not only bold ambition but also measurable progress. At VP Capital, we’re deeply committed to playing our part by setting science-based targets and implementing tangible solutions. While the journey is far from over, our progress so far inspires us to continue striving for greater impact.
Our carbon footprint
Understanding our carbon footprint is the first step toward reducing it. Since 2018, we have collaborated with CO2logic to annually measure our emissions using the globally recognised Greenhouse Gas Protocol. This framework categorises emissions into three scopes:
Scope 1: Direct emissions from business activities.
Scope 2: Indirect emissions from purchased energy.
Scope 3: All other indirect emissions, including those from investments.
In 2023, our total carbon footprint amounted to 15,285 tonnes of CO2 equivalent. Our direct emissions (scope 1 & 2) were just 19 tonnes, thanks to measures like powering our office with renewable energy and operating an almost fully electric vehicle fleet. However, the majority of our emissions fall under scope 3, primarily driven by the activities of our portfolio companies. Quantifying these emissions remains complex, but in 2023 we achieved a significant milestone by including the carbon footprint of all our investments, including funds, in our scope 3 calculations.
