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Var Energi ASA

Common Name
Var Energi
Country
Norway
Sector
Energy
Industry
Oil & Gas E&P
Employees
1,433
Ticker
VAR
Exchange
OSLO BORS
Description
Vår Energi ASA is a leading independent upstream oil and gas company operating on the Norwegian Continental Shelf. It specializes in the exploration, development, and production of crude oil, natural ...

Var Energi's Climate Target Data Preview

As of 2025, Var Energi has disclosed 4 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 1 absolute reduction target and 3 intensity-based targets, 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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2030
Intensity-based Target
Scope 1 - Total
Metric Tonnes of CH4 (mtCH4) per Metric Tonne (mt) of Natural Gas Sold
0000000
2025
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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Tracenable value for the metrica
2026
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
0000000
2030
*. This target is limited in scope and does not represent the company's full operational or organizational boundaries
Limited Data Preview
You are viewing a limited preview of Var Energi’s Climate Target dataset. The full dataset, available for download, includes detailed baseline information for both absolute and intensity targets, along with reported progress and achievement details as of 2025.
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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 Annual Report 2025

Insights into Var Energi's Greenhouse Gas Emissions Pathways

As of 2025, 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

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

As of 2025, Var Energi has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources.a

Var Energi's most ambitious operational target is to reduce these emissions by 50% by 2030, compared to a baseline of 1,100,000 Metric Tonnes of CO2 equivalent (mtCO2e) in 2005.a

Instead of reducing operational emissions, Var Energi has increased them, with 2025 levels exceeding those of the 2005 baseline, placing the company well behind its reduction target.a

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

2005202520300300 k600 k900 k1.2 MCurrent (+8%)Target 2030 (-50%)
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