Vermilion Energy
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 34 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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Vermilion Energy's reported carbon emissions
In 2023, Vermilion Energy reported total greenhouse gas emissions of approximately 11,350,400,000 kg CO2e globally, with emissions distributed across all three scopes: 559,325,000 kg CO2e (Scope 1), 148,484,000 kg CO2e (Scope 2), and 11,304,000,000 kg CO2e (Scope 3). The company has set ambitious reduction targets, including a 50% reduction in flaring emissions at its light-oil assets in southeast Saskatchewan by 2020, which it exceeded by achieving a 75% reduction. Additionally, Vermilion aims to reduce Scope 1 emissions intensity by 15-20% by the end of 2025, using 2019 as a baseline. Vermilion has also made significant strides in reducing Scope 2 emissions, achieving a 97% reduction in its Netherlands Business Unit by purchasing 100% green power starting in 2016. This initiative resulted in an estimated avoidance of 39,145 tonnes CO2e based on 2015 emission intensity levels. The company’s emissions data is sourced directly from Vermilion Energy Inc., with no cascaded data from a parent organization. Vermilion Energy is headquartered in Canada and is committed to enhancing its sustainability practices while addressing climate change challenges.
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| 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Scope 2 | 85,223,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 | 000,000,000 | 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 |
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.
Vermilion 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.
