Var Energi
Var Energi ASA, headquartered in Norway, is a prominent player in the oil and gas industry, focusing on exploration and production activities primarily in the Norwegian Continental Shelf. Founded in 2018, Var Energi has quickly established itself as a significant entity in the energy sector, driven by a commitment to sustainable practices and innovation. The company offers a diverse portfolio of services, including oil and gas exploration, production, and development, with a strong emphasis on maximising resource efficiency. Var Energi's unique approach combines advanced technology with a dedication to environmental stewardship, positioning it as a leader in the transition towards a more sustainable energy future. With a robust market presence and notable achievements, Var Energi continues to expand its operations, contributing to Norway's energy landscape while prioritising safety and sustainability.
DitchCarbon Score
How does Var Energi'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 Gas/Diesel Oil 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
Var Energi's score of 38 is higher than 96% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Var Energi's reported carbon emissions
In 2024, Var Energi reported total carbon emissions of approximately 46,155,000 kg CO2e, comprising about 44,558,000 kg CO2e from Scope 1 and about 1,957,000 kg CO2e from Scope 2 emissions. This marks a reduction from 2023, where emissions were about 56,334,000 kg CO2e, with Scope 1 emissions at approximately 54,885,000 kg CO2e and Scope 2 at about 1,146,000 kg CO2e. In 2022, Var Energi's total emissions were significantly higher, at about 8,404,346,000 kg CO2e, which included Scope 1 emissions of approximately 181,150,000 kg CO2e, Scope 2 emissions of about 171,123,000 kg CO2e (market-based), and substantial Scope 3 emissions, primarily from the use of sold products, which accounted for about 8,169,903,000 kg CO2e. Despite these figures, Var Energi has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. The company continues to disclose its emissions data, reflecting its commitment to transparency in its environmental impact.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 1,097,086,000 | 0,000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | - | 000,000,000 | 000,000,000 | 000,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 34,686,566,000 | 00,000,000,000 | 0,000,000,000 | 0,000,000,000 | - | - |
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.
Var Energi is not participating in any of the initiatives that 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.
