Vermilion Energy Inc., commonly referred to as Vermilion, is a prominent player in the electricity sector, specialising in petroleum and other oil derivatives. Headquartered in Calgary, Alberta, Canada, the company operates across key regions including North America, Europe, and Australia. Founded in 1994, Vermilion has achieved significant milestones, establishing itself as a leader in sustainable energy practices.
The company focuses on the exploration, production, and distribution of oil and gas, offering unique services that prioritise environmental stewardship and innovation. Vermilion's commitment to responsible resource management has positioned it favourably in the market, earning recognition for its operational excellence and community engagement. With a strong portfolio of assets and a dedication to sustainable development, Vermilion Energy continues to shape the future of the energy industry.
+21 vs industry average
Vermilion Energy’s score of 32 is higher than 67% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Petroleum Electricity is among the most carbon-intensive industries
Industry performance
The Petroleum Electricity industry has reduced its overall emissions by 30% since 2018
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Vermilion Energy's reported carbon emissions
Vermilion Energy, headquartered in Alberta, Canada, operates in the "Electricity by petroleum and other oil derivatives" industry. For the reporting year 2024, the company reported total Scope 1 and 2 emissions of approximately 247,144,016 kg CO2e. Scope 3 emissions were approximately 13,226,527,000 kg CO2e, bringing the total reported emissions to approximately 13,473,671,016 kg CO2e.
In 2023, Vermilion Energy's total reported emissions were approximately 12,280,299,000 kg CO2e, comprising Scope 1 emissions of about 648,337,000 kg CO2e, Scope 2 emissions of approximately 214,778,000 kg CO2e, and Scope 3 emissions of about 11,631,963,000 kg CO2e.
Vermilion Energy has implemented several emissions reduction initiatives. These include a near-term target to reduce Scope 1 emissions intensity by 15% to 20% by 2025, using 2019 as a baseline year. The company has also achieved reductions in flaring emissions. For example, a target set in 2014 to reduce flaring emissions at a major French facility by 65% by 2015 was achieved. Additionally, in the Netherlands Business Unit, the purchase of 100% green power starting in January 2016 led to a 97% reduction in Scope 2 emissions from 2015 to 2016.
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Vermilion Energy’s Climate Goals (2030 & 2050)
4 goals2016
97% reduction in Scope 2
Starting in January 1, 2016, Vermilion began purchasing 100% green power from our largest power provider (of 3 providers) in our Netherlands…
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives

Science Based Targets Initiative

Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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