In order to achieve net-zero by 2030, VMI has committed to and reducing its emissions every year publishing all results on its website.
VMI’s fifth carbon audit for 2024 has just been published and audited, and Ecologi can confirm that all 2024 emissions have been offset in an Albert-certified project to ensure that VMI remains Carbon Neutral since 2022.
Introduction: In its latest carbon audit conducted by Creative Zero, VMI proudly announced a significant achievement in its sustainability journey. After five consecutive years of dedicated efforts to reduce its carbon footprint, VMI has surpassed expectations by achieving a 47% reduction in its operational carbon footprint in 2024 compared to 2023. This would have been more, were it not for the realisation of Octopus Energy’s ‘Green Gas’ tariff, which we had believed to be entirely emissions free but had a misleading name.
VMI’s footprint, including all other relevant scope 3 emissions but without Capital Expenditure is 85.3tCO2e.2
85.3tCO2e.2e is the equivalent of:
It became clear after completing our fifth carbon audit that there were some discrepancies in earlier reports, so rather than trying to pick apart numbers from 5 years ago, instead, this is a chart which plots total carbon emissions including CapEx since 2023, to show a very impressive fall and demonstrates that VMI remains on schedule for its Net Zero by 2030 commitment.
Download Full 2024 Carbon Audit
Introduction: In its latest carbon audit conducted by Creative Zero, VMI proudly announced a significant achievement in its sustainability journey. After three consecutive years of dedicated efforts to reduce its carbon footprint, VMI has surpassed expectations by achieving a remarkable 36% reduction in its operational carbon footprint in 2023 compared to the 2022. This accomplishment is a testament to VMI’s unwavering commitment to environmental responsibility and underscores the company’s dedication to making a positive impact on the planet.
VMI’s footprint, including all other relevant scope 3 emissions but without Capital Expenditure is 77.8tCO2e.2
77.8tCO2e is the equivalent of:
Breaking Down the Numbers: Comparing the data from 2023 with the revised base year of 2021, the impact of VMI’s sustainability efforts becomes even more apparent. From 213T in 2021, VMI’s carbon emissions plummeted to 78T in 2023, marking an astounding reduction of 50.7%. These numbers, meticulously calculated in accordance with SBTi (Science-Based Targets initiative) guidelines, reflect VMI’s dedication to surpassing industry standards and driving meaningful change.
This holistic approach underscores VMI’s commitment to addressing emissions across all facets of its operations, demonstrating a multifaceted strategy towards environmental responsibility.
Download Full 2023 Carbon Audit
Implications and Future Outlook: VMI’s success in curbing carbon emissions not only showcases the tangible results of its sustainability initiatives but also serves as a beacon of inspiration for others within the industry. By setting ambitious targets, leveraging innovative solutions, and fostering a culture of environmental consciousness, VMI exemplifies how businesses can thrive while prioritizing planet-friendly practices. Looking ahead, VMI remains steadfast in its mission to continue reducing its carbon footprint, exploring new avenues for sustainability, and leading by example in the global fight against climate change.
Conclusion: In a world where environmental challenges loom large, VMI’s achievement stands as a testament to the power of collective action and unwavering commitment to a greener future. As VMI celebrates its remarkable carbon reduction journey, it not only redefines corporate responsibility but also ignites hope for a more sustainable tomorrow. With each milestone reached and every carbon emission mitigated, VMI paves the way for a world where businesses thrive in harmony with nature, proving that sustainability is not just a goal but a fundamental imperative for generations to come.
VMI has completed its third Carbon audit, which confirms that CO2 emissions have reduced for a 3rd year and are now at half of 2019 levels, two full years ahead of schedule from 213T CO2e to 121.4T CO2e, a reduction of 48.12% compared to the 2019 baseline and a 43% saving from 2021. (source: VMI 2022 Carbon Audit)
Creative Zero scrutinised all of VMI’s measurements to create a very accurate assessment of VMI’s emissions for the entire 2022 financial year, which included surveying its staff for commuting methods and checking whether the power used at home came from sustainable sources.
VMI began its net-zero campaign back in 2021 and committed to halving its 2019 CO2 emissions by 2025 and achieving net-zero by 2030
CO2e Emissions without capital expenditure, for which the reporting organisation has no direct control over, but does include all other relevant scope 3 emissions are as follows:
213tnCO2e to 121.4tnCO2e a reduction of 48.12% compared to the 2019 baseline and a 43% saving from 2021.
Read the full VMI 2022 Carbon Audit Report prepared by Khandiz Joni of Creative Zero here
VMI paid to offset our 121.4T of CO2e carbon emissions generated in 2022 to invest in a project to preserve the Brazilian Rainforest to avoid deforestation over a 30 year project lifetime. In doing so, VMI has become an Albert-certified Carbon-Neutral company, since 2022.
VMI’s latest carbon audit and offset scheme has been approved by Albert, the UK’s environmental sustainability hub for film + TV, thus making us an Albert-Approved carbon neutral organisation.
Brazil contains more than 490 million hectares of forest, covering 59% of its entire territory and putting it in second place for nations with most forests worldwide. Most of this forest consists of the incredibly biodiverse Amazon rainforest. Despite covering only 1% of the planet’s surface, the Amazon is home to 10% of all known wildlife species, with many more being described each year. …more
Our second annual carbon audit of 2021 is complete and demonstrates that VMI has reduced its total carbon emissions, according to the Science-Based Target Initiative from 234TCO2e to 213TCO2e, a reduction of 8.9% compared to the 2019 baseline, on target with our net-zero by 2030 strategy.
We only started our formal net-zero journey mid 2021, so this is a terrific result since many of our initiatives had yet to be completed.
The breakdown of each Scope emissions are as follows
Some of the increase in scope 3 emissions can be attributed to a greater detail of measurement, such as a detailed analysis of employees commuting, which was not undertaken in 2019.
VMI’s Second Carbon Audit 2021.
In early 2021, we created our Net Zero Roadmap
Strictly speaking, 2020 ought to have been our first year for emissions measurement but the effects of COVID were so widespread, that we elected 2019 to be our base year for measurement
We will reduce our emissions to the limits that technology and society set for us by 2030 and offset any residual emissions along the way.
VMI’s First Carbon Audit 2019