Vermilion Energy Sustainability Profile
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 44 is higher than 77% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Vermilion Energy's reported carbon emissions
In 2024, Vermilion Energy reported total carbon emissions of approximately 13.2 billion kg CO2e, comprising 16.0 kg CO2e from Scope 1, 247,144,000 kg CO2e from Scope 2, and 13,226,527,000 kg CO2e from Scope 3 emissions. This data reflects a comprehensive approach to emissions reporting, including all relevant scopes. The company has set ambitious near-term targets to reduce its carbon footprint. Specifically, Vermilion aims to decrease Scope 1 emissions intensity by 15 to 20% by 2025, using 2019 as a baseline. Additionally, they have committed to reducing flaring emissions at their light-oil assets in southeast Saskatchewan by 50% by 2020, a target they have reportedly exceeded with a 75% reduction achieved by 2016. Vermilion has also made significant strides in Scope 2 emissions, having transitioned to 100% green power in their Netherlands operations, resulting in a 97% reduction in Scope 2 emissions from 2015 to 2016. This initiative alone avoided approximately 39,145 tonnes CO2e based on 2015 emission intensity levels. Overall, Vermilion Energy's climate commitments demonstrate a proactive stance towards reducing their environmental impact, aligning with industry standards and expectations for sustainability.
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| 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 00 |
| Scope 2 | 85,223,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 | 0 | 00,000,000 | 000,000,000 | 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 | 00,000,000,000 |
How Carbon Intensive is Vermilion Energy's Industry?
How Carbon Intensive is Vermilion Energy's Location?
Vermilion Energy's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Vermilion Energy has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
