Var Energi ASA

Common Name
Var Energi
Country
Norway
Sector
Energy
Industry
Oil & Gas E&P
Employees
1,400
Ticker
VAR
Exchange
OSLO BORS
Description
Var Energi ASA is a prominent player in the oil and gas industry, specializing in exploration, production, and delivering energy resources. As a comprehensive energy company, its primary function is t...

Var Energi's Climate Target Data Preview

As of 2024, Var Energi has disclosed 3 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 2 absolute reduction targets and 1 intensity-based target target, signaling the company’s commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Var Energi ’s climate strategy, ambition level, and alignment with global decarbonization goals.

Target TypeScope of TargetUnitTargetTarget Year
Absolute-based Target
Scope 1 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
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a, b
2030
Absolute-based Target
Scope 1 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
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c
2030
Intensity-based Target
Scope 1 - Total
Metric Tonnes of CO2 equivalent (mtCO2e) per Barrel of Oil Equivalent (BOE) of Oil and Gas from Unspecified Activities
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c
2030
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Verified Sources Behind Var Energi’s Climate Targets Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Var Energi’s data sources below and access millions more through our Disclosure Search.

a. Var Energi's CDP Climate sourced from company’s website 2022
a. Var Energi's CDP Climate sourced from company’s website 2022
b. Var Energi's Annual Report 2023
b. Var Energi's Annual Report 2023
c. Var Energi's Annual Report 2024
c. Var Energi's Annual Report 2024

Insights into Var Energi's Greenhouse Gas Emissions Pathways

As of 2024, Var Energi has set greenhouse gas (GHG) emissions reduction targets that cover its operational emissions (Scope 1 and 2), but not its value chain emissions (Scope 3). This means its reduction efforts currently focus on direct and purchased energy emissions. a b c

Does Var Energi have a target to reduce the emissions from its operations?

As of 2024, Var Energi has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources. a b c

Var Energi's most ambitious operational target is to reduce these emissions by 50% by 2030, compared to a baseline of 345,000 Metric Tonnes of CO2 equivalent (mtCO2e) in 2005. a b c

As of 2023, Var Energi is ahead of schedule on its operational emissions reduction target, having achieved 86.54% of the planned reduction. a b c

Var Energi's Operational (Scope 1+2) Emissions Pathway

200520232030090 k180 k270 k360 kBaselineCurrent (-43%)
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