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European Climate Pact

Overview

Location

France

Sector

Manufacturing

Organisation type
Business

Company Information

VERESCENCE is a glass manufacturer for the perfumery and cosmetics market as well as spirits and the glass insulators market. VERESCENCE is headquartered in Mers-les-Bains, France, and employs about 2,340 Employees. In 2020, the company reported a revenue of 309 million Euro.*

*Source

Our progress towards decarbonization

 

GHG Emissions

Our actions – the Pathway

  • Verescence has a target to reduce absolute scopes 1 and 2 CO2e emissions 38% by 2034 from a base year of 2019. This is a year-on-year reduction rate of 2.6% over the next 13 years

Pledge: Have a short-medium term GHG emissions reduction target (scope 1+2) with a 2.1% year-on-year reduction at a minimum

MRV: Pact MRV in place

Status date: Submitted (26/07/2022)

Data source: CDP Climate Change 2022

How we want to achieve this – our roadmap

  • Have an internal price on carbon 
  • Have an initiative in place to drive GHG emissions reduction through energy efficiency in production processes
  • Have an initiative in place to drive GHG emissions reduction through waste reduction and materials circularity
  • Have scope 1+2+3 GHG emissions verified through a third party verification or assurance process 

MRV: Pact MRV in place

Status date: Submitted (26/07/2022)

Data source: CDP Climate Change 2022

 

Energy

Our actions – the Pathway

  • Verescence has a target to consume 80% of electricity from renewable sources by 2025 from a baseline of 0% renewable electricity consumption in 2019

MRV: Pact MRV in place

Status date: Submitted (26/07/2022)

Data source: CDP Climate Change 2022

 

Water

Our actions – the Pathway

  • Verescence have a target to reduce water withdrawals per unit of production by 2022 from a base year of 2016 starting in 2017
  • Have a target to reduce product water intensity
  • Publicly disclose data on water-related impact to investors through a public platform
  • Integrate water-related issues into the company's financial planning
  • Integrate water-related issues into the company's long-term business objectives
  • Integrate water-related issues into the company's strategy to achieve long-term business objectives
  • Regularly monitor and measure key water security metrics at least for 75% of the company's facilities

MRV: Pact MRV in place

Status date: Submitted (26/07/2022)

Data source: CDP Water 2022

 

Governance & Strategy

North Star

  • Verescence have a publicly available 1.5°C aligned low-carbon transition plan

MRV: Pact MRV in place

Status date: Submitted (26/07/2022)

Data source: CDP Climate Change 2022

How we want to achieve this – our roadmap

  • Publicly disclose climate and environmental data to investors and customers through a public platform
  • Have a process for identifying, assessing, and responding to climate-related risks and opportunities
  • Have an employee engagement strategy to support and contribute to achieving the company's climate and environmental goals

MRV: Pact MRV in place

Status date: Submitted (26/07/2022)

Data source: CDP Climate Change 2022

 

Value chain engagement

North Star

  • Verescence has a supplier engagement target to get 8.0% of its suppliers by procurement spend to set a science-based emission reduction target

Pledge: Have a supplier engagement target in order to reduce scope 3 GHG emissions, to get a share of our suppliers by procurement spend set science-based GHG emissions reduction targets in line with the SBTi Criteria and Recommendations

MRV: Pact MRV in place

Status date: Submitted (26/07/2022)

Data source: CDP Climate Change 2022

How we want to achieve this – our roadmap

  • Have an ongoing and transparent dialogue with our value chain around climate-related issues
  • Have a supplier/customer engagement strategy to drive best practices in tackling environmental and climate-related issues

MRV: Pact MRV in place

Status date: Submitted (26/07/2022)

Data source: CDP Climate Change 2022