2022 Carbon Performance Data Pack
| Emissions (tCO2e) | FY 2019 | FY 2020 | FY 2021 | FY 2022 | Net zero commitment | Comment | |
| Scope 1 | 788 | 841 | 852 | 928 | * | Yes | (1) |
| tCO2e/FTE | 3.9 | 3.5 | 2.7 | 2.5 | |||
| Scope 2 - market-based | 152 | 105 | 127 | 8 | ** | Yes | (1) |
| tCO2e/FTE | 0.8 | 0.4 | 0.4 | 0.0 | |||
| Scope 2 - Location-based | 127 | 107 | 113 | ** | |||
| tCO2e/FTE | 0.5 | 0.3 | 0.3 | ||||
| Total Scope 1 and 2 (tCO2) | 940 | 946 | 979 | 936 | Yes | (1) | |
| Scope 3: Category 1 (paper use) | 28 | 5 | 3 | 3 | Yes | (1) | |
| Scope 3: Category 3 (indirect energy) | 260 | 235 | 236 | 230 | Yes | (1) | |
| Scope 3: Category 5 (waste) | 5 | 5 | 2 | 2 | Yes | (1) | |
| Scope 3: Category 6 (business travel) | 952 | 647 | 542 | 861 | Yes | (1) | |
| Scope 3: Category 7 (employee commuting) | 189 | 147 | 159 | 206 | Yes | (1) | |
| Scope 3 - Total Own offices and employees (tCO2) kgCO2/FTE |
1,434 7.2 |
1,039 4.3 |
942 2.9 |
1,302 3.6 |
Yes | (1) | |
| Scope 3 - portfolio 'in use' (category 13: downstream leased assets) (tCO2)1 |
67,456 | 68,251 | 87,261 | *** | No | (2) | |
| kgCO2/SQM | 27.6 | 22.1 | 20.1 | ||||
| Total building LCA | |||||||
| Scope 3: Category 1 (developments) | 55,358 | 102,423 | 123,880 | 214,748 | |||
| Scope 3: Category 5 (development waste materials) | |||||||
| Scope 3: Category 11 (use of sold products - life time maintenance) | 27,667 | 51,188 | 62,853 | 109,992 | |||
| Scope 3: Category 11 (use of sold products - energy) | 65,306 | 120,828 | 148,361 | 259,632 | |||
| Scope 3: Category 12 | |||||||
| Scope 3 - embodied carbon developments (category 1) kgCO2/SQM |
148,331 | 274,439 516.8 |
335,094 513.9 |
584,372 512.2 |
No | (3) | |
| Total Scope 3 (tCO2) | 342,934 | 404,287 | 672,935 | No | |||
| Total GHG emissions (tCO2) | 343,879 | 405,266 | 673,871 | ||||
| Total Scope 4 (tCO2) | (4,305) | (6,314) | (7,328) | n/a | (4) | ||
The underlined values were subject to limited assurance.
(1) Scope 1 and Scope 2 as well as related Scope 3 gross emission reduction targets (-50% by 2030) have been confirmed by SBTi in 2023
(2) Scope 3 related to portfolio usage gross emission reduction targets (-55% by 2030) are confirmed by SBTi in 2023. Methodology for reporting Category 13 emissions changed in 2022 (base year 2020 to be adjusted)
(3) Scope 3 emissions related to Group development activities. Currently being analysed for relevant CO2 reduction potential/target
(4) Carbon emission reductions enabled in the broader economy through grid-injection of renewable energy (as opposed to energy consumption)
*Considerations for the evaluation of the scope 1 emissions:
Scope 1 is set up in accordance with the GHG protocol
Part of the Scope 1 emissions are fuels used for heating and is set up in accordance with the GHG protocol. For Italy, Austria, Belgium, Denmark, Latvia, Portugal, Romania, Spain, Serbia and France the fuel use has been based on extrapolation. The extrapolations were made by making an average between The Netherlands's and Luxembourg's VGP office surface and natural gas consumption.
Part of the Scope 1 emissions are the emissions of company cars. To calculate the emissions from company cars the KM's driven (estimates derived from lease contracts or employee statements) and the used Liters of fuel consumed were used. Extrapolations have been made to come to the fuel use of Romania and Spain. The extrapolation was made by multiplying an average of other sites that have evidence, and the number of employees of the respective site.
The 9% y-o-y increase is partly due to the 13% increase of the average amount of FTE's compared to the 2021 period. Another driver for the increase in scope 1 emissions is the relocation or expansion of offices (as a result of the growing headcount number) in Austria,Hungary, Portugal, Latvia, Romania, Serbia, France (Lyon) and the opening of offices in France(Paris) and Denmark.
** Considerations for the evaluation of the scope 2 emissions:
Scope 2 is set up in accordance with the GHG protocol
Part of the Scope 2 emissions is the energy consumption of offices. For the calculation of the total, extrapolations were made for the offices in Italy, Austria, Hungary, Latvia, Portugal (Lisbon),(Madrid, Sarragosse, Seville), Romania, Serbia, France and Denmark. The extrapolation was made based on surface area of the offices multiplied by an average that was calculated based on all the other offices that have evidence for their consumption.
Part of the Scope 2 emissions is the electricity used for electric vehicles - in 2022 VGP had EV's in Belgium, Germany, Latvia and the Netherlands. Please note that the EV consumption also contains the KWh consumption of freelancer that are employed by VGP.
For the calculation of the Austrian market based emissions a production mix was used instead of the residual mix (recommended by the GHG Protocol).
The 5% y-o-y increase in the location based scope 2 emissions is partly due to the 13% increase of the average amount of FTE's compared to the 2021 period. Another driver for the increase in scope 2 emissions is the relocation or expansion of offices (as a result of the growing headcount number) in Austria,Hungary, Portugal, Latvia, Romania, Serbia, France (Lyon) and the opening of offices in France(Paris) and Denmark.
The 94% decrease in market based scope 2 emissions is caused by the switch of all VGP offices to renewable energy through a PPA contract purchasing the guarantees of origin from our solar roof in VGP Park Roosendaal - in prior years the AIB emission factors were used to calculate the market based emissions.
The difference observed in market based and location based emissions scope 2 from 2020 to 2021 is related to a change in the methodology of calculation for emissions in 2021 (updated factors of emissions).
*** The CO₂ performance of the portfolio in use (Category 13: downstream leased assets) has been updated in 2021 from previously reported due to improved gross-up calculation (taking into account tenant industry segment)
The 31% YoY increase can be explained due to a ca. 41% growth of the m2 in the portfolio, combined with more extensive implementation of energy saving measures.
The total amount of buildings considered in the 2022 sample is 223. From this 223, 52 buildings used full or partial extrapolations for the Fuel use and 71 buildings used full or partial extrapolation for the Electricity use. The extrapolations are based on the averages per industy segment that have been determined out of the available data for the applicable year. We have identified the following segments: Industrial: Distribution Warehouse, Industrial: Manufacturing,Retail: Retail Centers: Warehouse, Office: Corporate: Low-Rise Office, Other: Parking (Indoors).
Limited Assurance VGP Scope 1 And 2 Limited Assurance VGP Scope 3
Energy consumption
Energy consumption within the own organisation
| Energy Data | 2019 | 2020 | 2021 | 2022 |
| Gas (GJ) | 166 | 187 | 293 | 404 |
| Grey Electricity (MWh) | 276 | 286 | 244 | - |
| Renewable Electricity (MWh) | 135 | 130 | 191 | 380 |
| Fuels (diesel and gasoline) GJ | 23,226 | 15,164 | 12,880 | 13,846 |
| E-Charging GJ | n/a | n/a | 46 | 75 |
| Total energy GJ Total energy MWh |
24,386 6,774 |
16,848 4,680 |
14,736 4,039 |
15,693 4,359 |
Energy consumption within the portfolio
| Total energy consumption - portfolio (KWh) | FY 2020 | FY 2021 | FY2022 | FY 2023 (including anticipated annualised green energy production of PV projects in pipeline*) | Target | % change YoY |
| Electricity | ||||||
| Total renewable energy produced on-site | 14,894,000 | 24,155,872 | 27,662,388 | 238,609,978 | 260,000,000 | 14.5% |
| Of which renewable energy consumed on-site | 910,000 | 3,646,351 | 3,857,942 | |||
| Green energy purchased from grid | 0 | 4,168,817 | 9,610,210 | |||
| Total green energy consumed | 911 | 7,815,168 | 13,468,153 | 72.3% | ||
| Total grey electricity purchased from grid | 137,501,142 | 161,903,879 | 214,345,431 | |||
| Total electric energy consumed KWh / m2 Kilo CO2 / KWh tCO2 |
138,412,142 56.7 0.37 50,871 |
169,719,047 54.9 0.31 53,435 |
227,813,585 53.0 0.33 75,806 |
34.2% 41.9% |
||
| Gas | ||||||
| Total fuel consumed from grid (KWh) Fuel emissions (tCO2) |
83,694,645 15,499 |
73,642,807 13,624 |
58,280,796 10,782 |
-20.9% -20.9% |
||
| Renewable Energy | ||||||
| Total produced and sold to grid (KWh) kilo CO2 / KWh tCO2 'elsewhere avoided' (scope 4) |
13,983,000 0.37 4,305 |
20,509,520 0.31 6,314 |
23,804,456 0.33 7,328 |
16.1% |
'* reflecting PV pipeline projects status as of 30 Oct '23
| Like for like energy consumption (2021 base year) | FY 2021 | FY2022 | Change |
| Electricity (KWh) | 146,376,023 | 158,234,854 | 8.10% |
| Gas (KWh) | 52,036,372 | 43,533,754 | -16.34% |
Waste production
Waste: own organisation
| Waste (metric tonnes) | FY 2019 | FY 2020 | FY 2021 | FY 2022 | Comment |
| Total waste recycled/ reused | 22.9 | 23.8 | 17.9 | 2.0 | (1) |
| Total waste disposed | 10.5 | 10.8 | 5.2 | 4.2 | (2) |
| Total waste | 33.4 | 34.6 | 23.0 | 6.3 |
(1) Waste emissions for FY2022 are mainly calculated based on an extrapolation of data from offices with known data
(2) Total waste emissions are 2 tCO2e, or 0,1% of total emissions. 72% of waste emissions result from residual waste, paper waste caused 3% of waste emissions and 28% of waste generation
Waste: portfolio
| Waste (metric tonnes) | FY 2019 | FY 2020 | FY 2021 | FY 2022 | Comment |
| Total waste produced | 27,851 | 49,408 | (1) |
(1) Waste emissions for FY2022 are calculated based on an extrapolation of tenant disclosed data (data coverage FY2022 14%)
Portfolio Water Management
In 2022, water consumption at owned and managed warehouses increased by 43% compared with 2021 on an absolute and 10.3% a like-for-like basis. This evolution is most likely mainly due to the incease in available data, leading to an increase in the reported water consumption. The average water consumption in our buildings has risen from 86.1 liter/m² in 2021 to 95 liter/m² in 2022. Consumption is mainly concentrated in a number of semi-industrial and (refrigirated) retail related warehouses (top 10 accounting for 48% of total). Total reported water consumption and retained/reused in 2022 was 470,000 m³.
| Water (cubic metrics) | FY 2019 | FY 2020 | FY 2021 | FY 2022 | Comment |
| Total water consumed from water grid | n/a | n/a | 256,000 | 365,000 | (1) |
| Total water collected and re-used on site | n/a | n/a | n/a | 105,000 | (2) |
| Total water consumed/collected | 470,000 | ||||
| Average water consumption (liter / square meter) | 82.8 | 83.6 |
(1) Water consumption for FY2022 are calculated based on an extrapolation of data (71% data coverage)
| Like-for-like increase(decrease) 2022 vs 2021 | 10.30% |
| Like-for-like comparison base in 2021 (average; liter / square meter) |
86.1 (2,375,000 m² GLA) |