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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.
+5 vs industry average
Var Energi’s score of 24 is higher than 50% 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.
Var Energi, headquartered in Norway and operating within the Gas/Diesel Oil industry, has reported Scope 1 and Scope 2 emissions for recent years, alongside significant Scope 3 emissions.
In 2024, Var Energi recorded Scope 1 emissions of approximately 44,558,000 kg CO2e and Scope 2 emissions of about 1,957,000 kg CO2e. For 2023, Scope 1 emissions were approximately 54,885,000 kg CO2e, with Scope 2 emissions at roughly 1,146,000 kg CO2e.
The company's most comprehensive emissions data comes from 2022, with total emissions estimated at 8,404,346,000 kg CO2e. This includes Scope 1 emissions of approximately 181,150,000 kg CO2e, Scope 2 emissions of about 4,671,000 kg CO2e (location-based), and substantial Scope 3 emissions, including approximately 8,169,903,000 kg CO2e from the use of sold products, and 86,692,000 kg CO2e from purchased goods and services.
In 2021, total emissions were approximately 9,425,119,000 kg CO2e, with Scope 1 emissions around 195,359,000 kg CO2e, Scope 2 emissions at approximately 4,714,000 kg CO2e, and Scope 3 emissions including about 9,304,083,000 kg CO2e from the use of sold products.
Var Energi's climate commitments information is limited. The provided data indicates no specific reduction targets or achievements, nor are there details on participation in initiatives like the Science Based Targets initiative (SBTi) or the Climate Pledge. The company's sustainability reporting for 2022 (covering 2021 and 2020 data) and 2023 (covering 2022 data) is available.
It is noted that Var Energi inherits some data from Vår Energi AS and has a relationship with Eni S.p.A. at cascade level 2, which is a current subsidiary.
Access structured emission data, company specific factors and auditable source documents
No climate goals have been disclosed for Var Energi yet.
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