Varo Energy
Varo Energy, a leading player in the energy sector, is headquartered in Switzerland (CH) and operates extensively across Europe. Founded in 2016, the company has rapidly established itself in the oil and gas industry, focusing on refining, logistics, and marketing of petroleum products. Varo Energy is distinguished by its commitment to sustainability and innovation, offering a diverse range of core products, including fuels and lubricants, tailored to meet the evolving needs of its customers. The company has achieved significant milestones, positioning itself as a key supplier in the market while prioritising environmental responsibility. With a strong operational presence in major European markets, Varo Energy continues to enhance its market position through strategic partnerships and a focus on efficient energy solutions, making it a notable contender in the competitive energy landscape.
DitchCarbon Score
How does Varo Energy'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 Electricity Transmission 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
Varo Energy's score of 35 is higher than 92% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Varo Energy's reported carbon emissions
In 2023, Varo Energy reported total carbon emissions of approximately 74,411,000,000 kg CO2e. This includes Scope 1 emissions of about 1,016,000,000 kg CO2e, Scope 2 emissions of approximately 16,000,000 kg CO2e (market-based), and significant Scope 3 emissions from purchased goods and services, amounting to about 11,637,000,000 kg CO2e. Comparatively, in 2022, Varo Energy's total emissions were about 80,766,000,000 kg CO2e, with Scope 1 emissions at approximately 1,209,000,000 kg CO2e and Scope 2 emissions of around 156,000,000 kg CO2e (market-based). The Scope 3 emissions for that year were about 12,601,000,000 kg CO2e. The company has demonstrated a commitment to reducing its carbon footprint, although specific reduction targets or initiatives have not been disclosed. Varo Energy's carbon intensity of manufacturing (excluding VARO Biogas Coevorden) was reported at 20,400 kg CO2e per barrel of oil equivalent in 2023, indicating a focus on improving efficiency in its operations. Overall, Varo Energy's emissions data reflects its ongoing efforts to address climate change, with a notable emphasis on transparency regarding its emissions across all scopes.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 991,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 151,000,000 | 000,000,000 | 000,000,000 | 00,000,000 |
| Scope 3 | 65,758,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
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.
Varo Energy 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.
