Varco International Inc. Sustainability Profile
Varco International Inc., headquartered in the United States, is a prominent player in the oil and gas industry, specialising in the design and manufacturing of advanced drilling equipment and systems. Founded in the early 1980s, the company has achieved significant milestones, establishing a strong presence in key operational regions including North America, Europe, and Asia. Varco International is renowned for its innovative core products, which include drilling rigs, mud pumps, and well control systems. These offerings are distinguished by their cutting-edge technology and commitment to safety and efficiency. With a solid market position, Varco has garnered recognition for its contributions to enhancing drilling performance and operational reliability, making it a trusted name among industry professionals.
DitchCarbon Score
How does Varco International Inc.'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 Crude Oil Extraction 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
Varco International Inc.'s score of 11 is lower than 52% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Varco International Inc., headquartered in the US, currently does not report specific carbon emissions data for the most recent year, as no emissions figures are available. The company is part of a corporate family relationship with NOV Inc., from which it inherits performance data. However, details regarding NOV Inc.'s emissions or climate commitments are not provided in this context. As of now, Varco International Inc. has not established any documented reduction targets or climate pledges. The absence of specific initiatives or commitments suggests that the company may still be in the early stages of developing a comprehensive climate strategy. In the broader industry context, companies are increasingly focusing on reducing their carbon footprints and setting science-based targets to align with global climate goals. Varco International Inc. may need to consider adopting similar strategies to enhance its sustainability profile and meet stakeholder expectations.
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| 2018 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 1,010,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 320,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | - |
How Carbon Intensive is Varco International Inc.'s Industry?
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Varco International Inc.'s Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Varco International Inc. has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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