Varo Energy
Varo Energy, a leading player in the energy sector, is headquartered in Switzerland (CH) and operates extensively across Europe. Founded in 2016, the company has rapidly established itself in the oil and gas industry, focusing on refining, logistics, and marketing of petroleum products. Varo Energy is distinguished by its commitment to sustainability and innovation, offering a diverse range of core products, including fuels and lubricants, tailored to meet the evolving needs of its customers. The company has achieved significant milestones, positioning itself as a key supplier in the market while prioritising environmental responsibility. With a strong operational presence in major European markets, Varo Energy continues to enhance its market position through strategic partnerships and a focus on efficient energy solutions, making it a notable contender in the competitive energy landscape.
DitchCarbon Score
How does Varo 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 Electricity Transmission 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
Varo Energy's score of 48 is higher than 68% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Varo Energy's reported carbon emissions
In 2024, Varo Energy reported total carbon emissions of approximately 1,137,000,000 kg CO2e, comprising 1,137,000,000 kg CO2e from Scope 1, 9,000,000 kg CO2e from Scope 2 (market-based), and 60,186,000,000 kg CO2e from Scope 3 emissions related to the use of sold products. The total emissions from Scope 1 and 2 combined were about 1,146,000,000 kg CO2e. In 2023, Varo Energy's emissions were slightly lower, with total emissions of about 1,012,000,000 kg CO2e, including 1,012,000,000 kg CO2e from Scope 1, 16,000,000 kg CO2e from Scope 2 (market-based), and 61,117,000,000 kg CO2e from Scope 3. The combined total for Scope 1 and 2 was approximately 1,029,000,000 kg CO2e. The 2022 data indicated total emissions of around 1,209,000,000 kg CO2e, with Scope 1 emissions at 1,209,000,000 kg CO2e, Scope 2 emissions at 156,000,000 kg CO2e (market-based), and Scope 3 emissions reaching 66,556,000,000 kg CO2e. The total for Scope 1 and 2 was about 1,365,000,000 kg CO2e. In 2021, Varo Energy reported total emissions of approximately 982,093,000 kg CO2e, with Scope 3 emissions from the use of sold products at about 58,844,562,000 kg CO2e. The company did not disclose Scope 1 and 2 emissions for that year. For 2020, Varo Energy's total emissions were reported at approximately 67,639,000,000 kg CO2e, with Scope 1 emissions at 991,000,000 kg CO2e and Scope 2 emissions at 151,000,000 kg CO2e (market-based). Scope 3 emissions included 54,669,000,000 kg CO2e from the use of sold products and 11,089,000,000 kg CO2e from purchased goods and services. Currently, Varo Energy has not set specific reduction targets or climate pledges, and there are no initiatives reported under the Science Based Targets initiative (SBTi) or other climate frameworks. The company operates independently without cascading emissions data from a parent organisation.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 991,000,000 | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 151,000,000 | - | 000,000,000 | 00,000,000 | 0,000,000 |
| Scope 3 | 65,758,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
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.
Varo Energy 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.
