Vermilion Energy

Vermilion Energy, a Canadian company in the Electricity by petroleum and other oil derivatives industry, reported its most recent Scope 1 emissions as approximately 16 kg CO2e in 2024. For the same year, Scope 2 emissions were around 247,144,000 kg CO2e, and Scope 3 emissions totalled approximately 13,226,527,000 kg CO2e.

The company has set several carbon reduction targets. In 2014, Vermilion Energy aimed to reduce Scope 1 flaring emissions at a major facility in France by 65% by 2015, a target which was achieved, avoiding 14,500 tonnes CO2e annually. Also in 2014, they targeted a 50% reduction in Scope 1 flaring emissions at their light-oil assets in southeast Saskatchewan by 2020, achieving a 75% reduction (from 193,999 tonnes CO2e in 2014 to 47,640 tonnes CO2e in 2016). A further Scope 1 target from 2018 is to reduce flaring and venting emissions, including methane, associated with the Spartan assets by 50% by 2024.

For Scope 2 emissions, Vermilion Energy achieved a 97% reduction in its Netherlands Business Unit between 2015 and 2016 by purchasing 100% green power from its largest provider, avoiding an estimated 39,145 tonnes CO2e.

Looking ahead, Vermilion Energy has a near-term target to reduce Scope 1 emissions intensity from its operations by 15% to 20% by 2025, using 2019 as a baseline year. They also state an all-scopes target of a 20% reduction in Scope 1 emissions intensity by 2025, from a 2019 baseline, with intentions to set new targets every five years and explore broader options, including Scope 3 emissions reductions.

Vermilion Energy's emissions data and reduction initiatives are directly reported by the company, not cascaded from a parent or related organisation.