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 33 is higher than 93% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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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 about 8,112,793,000 kg CO2e from Scope 3 emissions, which primarily stem from the use of sold products, accounting for approximately 7,390,010,000 kg CO2e. Over the years, Var Energi has shown a trend in its emissions data. In 2022, the total emissions were around 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 company has not set specific reduction targets or initiatives as per the latest data, indicating a potential area for improvement in their climate commitments. The emissions data from previous years shows a significant reliance on Scope 3 emissions, which consistently represent the largest portion of their total emissions. For instance, in 2021, total emissions were approximately 9,425,119,000 kg CO2e, with Scope 3 emissions also dominating the overall figures. Var Energi's headquarters is located in Norway, and while they have not disclosed specific reduction targets or climate pledges, the company operates within an industry increasingly focused on sustainability and reducing carbon footprints. As the energy sector evolves, Var Energi's future commitments to carbon reduction will be crucial in aligning with global climate goals.
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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 participating in any of the initiatives that 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.
