Varo Energy

Varo Energy, headquartered in CH and operating in the transmission services of electricity industry, reported its total greenhouse gas emissions for 2024.

In 2024, Varo Energy’s Scope 1 emissions were approximately 1.14 billion kg CO2e. Scope 2 emissions, market-based, were about 9 million kg CO2e, and location-based Scope 2 emissions were approximately 81 million kg CO2e. For Scope 3, emissions from the use of sold products amounted to roughly 60.19 billion kg CO2e, and emissions from purchased goods and services were around 12.28 billion kg CO2e.

Looking back, in 2023, Scope 1 emissions were approximately 1.01 billion kg CO2e. Scope 2 market-based emissions were about 16 million kg CO2e, and location-based Scope 2 emissions were around 80 million kg CO2e. Scope 3 emissions for the use of sold products were approximately 61.12 billion kg CO2e, with purchased goods and services at about 12.5 billion kg CO2e.

In 2022, Varo Energy’s Scope 1 emissions were about 1.21 billion kg CO2e. Market-based Scope 2 emissions were roughly 156 million kg CO2e, while location-based Scope 2 emissions were about 101 million kg CO2e. Scope 3 emissions from the use of sold products stood at approximately 66.56 billion kg CO2e, and from purchased goods and services at about 13.33 billion kg CO2e.

For 2021, Varo Energy reported Scope 1 and 2 combined emissions of approximately 982.09 million kg CO2e, and Scope 3 emissions from the use of sold products were about 58.84 billion kg CO2e.

In 2020, total emissions were about 67.64 billion kg CO2e. Scope 1 emissions were approximately 991 million kg CO2e. Market-based Scope 2 emissions were about 151 million kg CO2e. Scope 3 emissions included approximately 54.67 billion kg CO2e from the use of sold products and roughly 11.09 billion kg CO2e from purchased goods and services.

In 2019, Scope 1 emissions were around 990.89 million kg CO2e. Scope 2 emissions were about 198.15 million kg CO2e. Scope 3 emissions totalled approximately 67.17 billion kg CO2e.

Varo Energy has not publicly disclosed specific reduction targets, SBTi targets, or a climate pledge. Emissions performance data is sourced directly from Varo Energy Holdings Sa.