Var Energi
Var Energi ASA, headquartered in Norway, is a prominent player in the oil and gas industry, focusing on exploration and production activities primarily in the Norwegian Continental Shelf. Founded in 2018, Var Energi has quickly established itself as a significant entity in the energy sector, driven by a commitment to sustainable practices and innovation. The company offers a diverse portfolio of services, including oil and gas exploration, production, and development, with a strong emphasis on maximising resource efficiency. Var Energi's unique approach combines advanced technology with a dedication to environmental stewardship, positioning it as a leader in the transition towards a more sustainable energy future. With a robust market presence and notable achievements, Var Energi continues to expand its operations, contributing to Norway's energy landscape while prioritising safety and sustainability.
DitchCarbon Score
How does Var Energi's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Gas/Diesel Oil industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Var Energi's score of 31 is higher than 89% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Var Energi's reported carbon emissions
In 2023, Var Energi reported total carbon emissions of approximately 8,112,793,000 kg CO2e. This figure includes 195,706,000 kg CO2e from Scope 1 emissions, 7,927,000 kg CO2e from Scope 2 emissions, and 8,112,793,000 kg CO2e from Scope 3 emissions, which primarily stem from the use of sold products (7,390,010,000 kg CO2e). In 2022, the company recorded total emissions of about 8,404,346,000 kg CO2e, with Scope 1 emissions at 181,150,000 kg CO2e and Scope 2 emissions at 4,671,000 kg CO2e. The Scope 3 emissions for that year were also significant, amounting to 8,404,346,000 kg CO2e. Var Energi's emissions have shown fluctuations over the years, with a notable decrease in total emissions from 2021, which were approximately 9,425,119,000 kg CO2e. The company has not publicly disclosed specific reduction targets or initiatives as part of its climate commitments, indicating a potential area for future focus. Overall, Var Energi's emissions profile reflects the challenges faced by the oil and gas sector in managing carbon footprints, particularly in Scope 3 emissions, which are often the largest contributor to total emissions. The company's headquarters is located in Norway (NO), a country known for its commitment to sustainability and climate action.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 1,097,086,000 | 0,000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 71,577,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 34,707,369,000 | 00,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Var Energi is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
