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Var Energi AS, headquartered in Norway, is a prominent player in the gas and diesel oil industry, focusing on the exploration and production of oil and gas resources. Founded in 2018, the company has quickly established itself as a significant operator in the Norwegian Continental Shelf, with a commitment to sustainable energy practices and innovation.
Specialising in the development of oil and gas fields, Var Energi offers a range of services that include exploration, production, and asset management. The company is recognised for its strategic partnerships and efficient operational practices, which enhance its market position. With a strong emphasis on safety and environmental responsibility, Var Energi continues to achieve notable milestones, solidifying its reputation as a leader in the energy sector.
+6 vs industry average
Var Energi’s score of 22 is higher than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Gas/Diesel Oil is among the most carbon-intensive industries
The Gas/Diesel Oil industry has reduced its overall emissions by 23% since 2018
Scope 3 accounts for ••• of total emissions.
Vår Energi, headquartered in Norway and operating in the Gas/Diesel Oil industry, reported its Scope 1 emissions as 44,558,000 kg CO2e and Scope 2 emissions as 1,957,000 kg CO2e for 2024. In 2023, the company's Scope 1 emissions were 54,885,000 kg CO2e and Scope 2 emissions were 1,146,000 kg CO2e.
For 2022, Vår Energi's total carbon emissions were approximately 8.4 billion kg CO2e. This included Scope 1 emissions of 181,150,000 kg CO2e, Scope 2 emissions (market-based) of 171,123,000 kg CO2e, and Scope 3 emissions totalling approximately 8.1 billion kg CO2e. Key contributors to Scope 3 emissions in 2022 included the use of sold products (approximately 8.17 billion kg CO2e), purchased goods and services (86,692,000 kg CO2e), and downstream transportation and distribution (82,494,000 kg CO2e).
In 2021, the company's total emissions were about 9.43 billion kg CO2e. This comprised Scope 1 emissions of 195,359,000 kg CO2e, Scope 2 emissions (market-based) of 173,579,000 kg CO2e, and Scope 3 emissions of approximately 9.39 billion kg CO2e, with the use of sold products accounting for approximately 9.3 billion kg CO2e.
For 2020, Vår Energi's Scope 1 emissions were 1,017,885,000 kg CO2e, Scope 2 emissions (market-based) were 169,879,000 kg CO2e, and Scope 3 emissions were approximately 10.18 billion kg CO2e, primarily driven by the use of sold products (approximately 10.09 billion kg CO2e).
In 2019, Scope 1 emissions were 1,097,086,000 kg CO2e, and Scope 3 emissions from the use of sold products were approximately 34.69 billion kg CO2e. Scope 2 data was not reported for 2019.
Vår Energi's performance data, including emissions, is sourced from Vår Energi AS. While there is no specific information on reduction targets, their climate commitments are influenced by corporate family relationships, with specific details not available for SBTi, RE100, Climate Pledge, or RTZ. However, the company's CDP data is sourced from Vår Energi AS, and CA100+ initiative data is cascaded from Eni S.p.A. as the ultimate parent through a corporate family relationship.
No climate goals have been disclosed for Var Energi yet.
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