Our journey towards transparency in Scope 1, 2 and 3 emissions

When it comes to sustainability reporting, the so-called Scope 1, 2 and 3 definitions are slowly becoming the global standard by which companies account for their Green House Gas (GHG) emissions. In brief;

Scope 1 emissions cover the Green House Gas emissions that are owned or controlled by a company. For example emissions coming from owned vehicles and boilers are included in this Scope.
Scope 2 emissions account for the indirect emissions originated from the purchased electricity, steam, heat and cooling.
Lastly, Scope 3 emissions encompass the residual indirect emissions not covered by Scope 2. These emissions incorporate all greenhouse gases for which the company holds responsibility within its supply chain. Examples of Scope 3 emissions include those from leased vehicles, water usage, transportation, among others.

Since 2021, VIKING has invested heavily in gathering precise and granular emission data and thus creating the needed transparency throughout our global Scope 1, 2 and 3 emissions.

There is no doubt about the complexity of the calculations of the Green House Gases, and VIKING has experienced this complexity since 2021 when it started the journey towards carbon neutrality in 2030.

In the course of this journey we have learned and created a multi-year plan of targeted initiatives that also involve close collaboration with our suppliers and customers to map the full greenhouse gas inventory in both the upstream and downstream value chain of VIKING.

Whereas 2022 was a year where we focused mainly on our own production and use of materials, 2023 was a year where we expanded these insight through a global and standardised data-driven approach:

In 2023, we have worked closely with our transportation partners to get an overview of emissions from transportation while also optimising transportation patterns to reduce our carbon footprint.
Similarly, we have used a data-driven approach to map and reduce our own emissions from transportation, including business trips to and from our global locations.
In 2023, we have also invested significant resources in mapping and reducing the emissions that arise from the service of our products, whether this service takes place at the customer’s location, or products are transported to one of our global service stations for maintenance.
Finally, in 2023, we have expanded and strengthened our collaboration with our key global suppliers, working together to increase transparency. We will continue and accelerate this work in 2024 and beyond.

These data all add to our already existing global emission data model, which includes electricity, water, heating and cooling as well as all of our major materials, and other dimensions.

To ensure consistency and reliability, we continued our close collaboration with external expert companies whose extensive data platforms help companies worldwide calculate, document and share their company’s and products’ carbon footprint based on leading life-cycle science.

These two years of calculation have empowered VIKING to construct a comprehensive picture of its Scope 1, 2, and 3 emissions in accordance with the Greenhouse Gas (GHG) Protocol.

This representation has been assembled using consistent data collected across our various sites, supplemented by certain robust assumptions.

These assumptions are anticipated to be refined in the forthcoming years as more data becomes available. This iterative process underscores VIKING’s commitment to continuous improvement in its environmental impact assessment.