Vermilion Energy
Vermilion Energy Inc., commonly referred to as Vermilion, is a prominent Canadian oil and gas exploration and production company headquartered in Calgary, Alberta. Founded in 1994, Vermilion has established a strong presence in key operational regions, including North America, Europe, and Australia, focusing on sustainable energy practices. The company is renowned for its diverse portfolio, which includes oil and natural gas production, as well as innovative technologies aimed at maximising resource recovery. Vermilion's commitment to environmental stewardship and community engagement sets it apart in the competitive energy sector. With a solid market position, the company has achieved notable milestones, including consistent production growth and a strong track record of financial performance, making it a respected player in the global energy landscape.
DitchCarbon Score
How does Vermilion 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 Petroleum Electricity 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
Vermilion Energy's score of 26 is higher than 87% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Vermilion Energy's reported carbon emissions
In 2023, Vermilion Energy reported carbon emissions of approximately 559,325,000 kg CO2e for Scope 1, 148,484,000 kg CO2e for Scope 2, and 11,350,400,000 kg CO2e for Scope 3 emissions. This reflects their ongoing commitment to transparency in emissions reporting across all scopes. In 2022, the company recorded emissions of about 616,184,000 kg CO2e (Scope 1), 218,839,000 kg CO2e (Scope 2), and 11,682,455,000 kg CO2e (Scope 3). The data indicates a focus on managing and reporting emissions, although specific reduction targets or initiatives have not been disclosed. Vermilion Energy's emissions intensity for Scope 1 and 2 combined was reported at 35.0 kg CO2e per barrel of oil equivalent (BOE) in 2023, highlighting their operational efficiency in relation to emissions. The company has not set specific reduction targets under the Science Based Targets initiative (SBTi) or other formal climate pledges, indicating a potential area for future commitment. Overall, Vermilion Energy is actively engaged in emissions reporting but lacks defined reduction targets, which may be critical for aligning with global climate goals.
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| 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 288,781,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 85,223,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 | 000,000,000 | 0,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 2,839,000 | 0,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 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.
Vermilion Energy is not committed to any reduction initiatives 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.
