Environmental impact

Greenhouse gas emissions report

As part of our commitment to transparency and accountability, we have analyzed our greenhouse gas (GHG) emissions for 2022. This analysis provides valuable insights into our emissions per employee, broken down by three scopes, and underscores our efforts to assess and manage our environmental impact.

Scope 1 emissions, direct emissions from sources owned or controlled by our company, totaled 64 tCO₂e (metric tons of carbon dioxide equivalent). 

These emissions primarily result from our operational activities, such as the combustion of fossil fuels in company-owned vehicles and equipment. We are actively working to reduce our Scope 1 emissions by implementing energy-efficient technologies and exploring alternative, low-carbon energy sources.

Scope 2 emissions, which are indirect emissions from the generation of purchased electricity and heat consumed by our company, totaled 26 tCO₂e. 

These emissions are associated with the electricity and heat we purchase from external sources to power our operations. We are actively working to reduce our Scope 2 emissions by increasing our use of renewable energy sources, such as solar and wind power, and by implementing energy conservation measures across our facilities.

Scope 3 emissions, which are indirect emissions in our value chain outside of our operational boundaries, totaled 2800 tCO₂e. 

These emissions result from transporting goods, business travel, and using products sold by customers. We recognize the importance of addressing Scope 3 emissions as part of our commitment to sustainability. As a result, we are actively working with our suppliers, customers, and other stakeholders to identify and implement strategies to reduce these emissions.

Overall, our total GHG emissions for 2022 were 2.864 tCO₂e. We have made good progress in reducing our emissions through various initiatives, Our commitment is to continually improve our environmental performance by implementing sustainable practices, investing in renewable energy, optimizing our operations, and collaborating with stakeholders to address climate change’s challenges collectively.

These results provide valuable insights into the distribution of our emissions across different scopes and allow us to identify areas where we can further reduce our environmental impact. We recognize that addressing GHG emissions is a collective effort that requires ongoing collaboration among our employees, suppliers, customers, and other stakeholders.

Sector Benchmark Comparison

As a company operating in the platforms, software, and applications sector, we are dedicated to measuring and managing our environmental impact to drive sustainability performance.

In line with this commitment, we have compared our greenhouse gas (GHG) emissions per employee with the sector benchmark for 2022, which stands at 23 tCO₂e (metric tons of carbon dioxide equivalent) per employee.

We are pleased to report that our company’s GHG emissions per employee are lower than the sector benchmark, with Scope 1 emissions at 0.6 tCO₂e, Scope 2 emissions at 19 tCO₂e, and Scope 3 at 19 tCO₂e. These results reflect our ongoing efforts to minimize emissions by investing in energy-efficient technologies, optimizing our operations, and promoting sustainable practices across our value chain.

We take pride in our environmental performance and are committed to continuous improvement. We recognize that addressing climate change and reducing our environmental impact is critical to ensuring a sustainable future for our planet and future generations. As a responsible company, we will continue to work towards further reducing our emissions and contributing to the transition towards a low-carbon economy.

Carbon off-set for our carbon emissions

In 2022, our company invested in three projects to offset 10% of our carbon emissions – equal to 300 T CO2. 

  • The first project was Nepal High-Efficiency Cookstoves, which introduced improved cooking stoves to marginalized communities in Nepal. 
  • The second project was Pacajai REDD+ Forest Protection, which aimed to prevent deforestation and promote forest regeneration. 
  • The third project was Mount Sandy EcoAustralia Biodiversity Conservation, which aimed to protect Australia’s regionally and culturally significant pocket of biodiversity-rich land in partnership with its Traditional Owners. 
These projects align with several UN Sustainable Development Goals, including Good Health and Well-Being, Gender Equality, Affordable and Clean Energy, Decent Work and Economic Growth, Climate Action, and Life on Land.

Our carbon footprint target for 2030

Our company’s reduction target on the total tCO2e (metric tons of carbon dioxide equivalent) indicator aligns with the Paris Agreement 2.0, which aims to reduce greenhouse gas (GHG) emissions. 

We aim to reduce -40% from the reference year (2022) to 2030+. This indicates our commitment to significantly reducing GHG emissions and contributing to global efforts to mitigate climate change. 

We recognize the urgent need to address GHG emissions, prioritize monitoring, and reduce our total tCO2e indicator as a critical performance metric in our sustainability and environmental initiatives.

Environmental Impact

Comprehensive information on VONQ’s environmental initiatives, such as energy usage, waste management, and carbon emissions. Specific details about VONQ's efforts to reduce its carbon footprint.
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Social Impact

Overview of VONQ's efforts to create a positive social impact through its professional and personal development investments, contributions to local communities, and commitment to diversity and inclusion.
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VONQ's commitment to ethical business practices and corporate governance. The company's adherence to transparency and accountability standards and commitment to conducting its business ethically and responsibly.
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Risk Management

VONQ's risk management process, including the steps taken to identify, assess, and mitigate risks. VONQ’s risk management policies and procedures provide an overview of the business's potential risks.
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Opportunities for Improvement

Overview of potential areas for improvement in which VONQ could reduce its environmental or social impact. Actionable recommendations that VONQ plans to implement to enhance its sustainability and social responsibility further.
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