Annual Report

Overview

The report describes the company's shift toward focused sustainability execution in FY2025, highlighted by the establishment of VC Power to develop marine electrification solutions. It reports Scope 1 emissions of 10,904.29 mtCO2e and Scope 2 emissions of 1,382.72 mtCO2e, while Scope 3 reporting expanded to include business travel and employee commuting categories. The company also set GHG-intensity reduction targets of 20% by 2030, 70% by 2040 and 90% by 2050 for both business segments.

Document

Report type: Annual Report with Sustainability Disclosures
Class: Embedded
Scope: Full report
Fiscal year: 2025
Period: 1 January 2025 – 31 December 2025
Language: English
Pages
File size
Restatement: Disclosed

Standards

GRI
SASB
TCFD
ISSB
ESRS
Integrated Reporting Framework
GHG Protocol
EU Taxonomy
CDP

Ratings

GRI level

Materiality

Assessment
Basis

Assurance

Statement included

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