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 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 47 is higher than 99% 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 Scope 1 emissions of about 195,706,000 kg CO2e, Scope 2 emissions of approximately 7,927,000 kg CO2e (market-based), and significant Scope 3 emissions totalling around 8,112,793,000 kg CO2e. Notably, the majority of Scope 3 emissions stem from the use of sold products, which accounted for about 7,390,010,000 kg CO2e. Over the past few years, Var Energi has demonstrated a downward trend in emissions, with total emissions decreasing from approximately 8,404,346,000 kg CO2e in 2022, 9,425,119,000 kg CO2e in 2021, and 10,182,323,000 kg CO2e in 2020. This reduction reflects a commitment to improving operational efficiency and reducing the carbon footprint associated with their activities. Despite these reductions, Var Energi has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. The company continues to operate within the context of the oil and gas industry, which faces increasing pressure to address climate change and reduce greenhouse gas emissions.
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Add to project| 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 committed to some 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.
