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 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 to harness, develop, and supply hydrocarbons to meet energy demands. The company operates mainly in the Norwegian Continental Shelf, focusing on maximizing resource extraction through advanced technology and sustainable practices. Its portfolio includes a mix of mature, developing, and exploratory fields, allowing it to maintain a balanced approach to growth and stability across volatile markets. By investing in technology and adhering to environmental regulations, Var Energi ASA plays a crucial role in the energy sector. It caters to global energy needs while being committed to reducing its carbon footprint. With its strategic operations and partnerships, Var Energi contributes significantly to Europe's energy security and the global market's overall energy supply chain.
In 2024, Var Energi was subject to the Corporate Sustainability Reporting Directive (CSRD)'s requirements, which mandated the company to publish EU Taxonomy disclosures.
The company reported the eligibility and alignment of Turnover, Capital Expenditure (CAPEX) and Operating Expenditure (OPEX) with the EU Taxonomy, helping assess the extent to which its business activities align with Europe's environmental sustainability goals.
Var Energi has also provided an activity-level breakdown of its EU Taxonomy disclosures. This granular reporting enhances transparency around which economic activities of Var Energi are considered environmentally sustainable and contribute to at least one of the six environmental objectives defined under the EU Taxonomy framework.
Metric (tonnes)
2025
2024
2023
2022 - 2017
Total Taxonomy Aligned A1 Turnover
Portion of total company turnover generated from economic activities that are eligible under the EU Taxonomy and meet all alignment requirements, including substantial contribution, Do No Significant Harm (DNSH), and minimum safeguards.
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Total Taxonomy Eligible A Turnover
Total turnover of the company associated with activities considered eligible under the EU Taxonomy, regardless of whether they meet alignment criteria.
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Total Taxonomy Non-Eligible B Turnover
Total turnover of the company associated with activities that are not listed as eligible under the EU Taxonomy.
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Metric (tonnes)
2025
2024
2023
2022 - 2017
Total Taxonomy Aligned A1 Opex
Portion of total company OPEX generated from economic activities that are eligible under the EU Taxonomy and meet all alignment requirements, including substantial contribution, Do No Significant Harm (DNSH), and minimum safeguards.
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Total Taxonomy Eligible A Opex
Total OPEX of the company associated with activities considered eligible under the EU Taxonomy, regardless of whether they meet alignment criteria.
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Total Taxonomy Non-Eligible B Opex
Total OPEX of the company associated with activities that are not listed as eligible under the EU Taxonomy.
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4.3 CCM/CCA - Electricity generation from wind power
4.3 CCM/CCA - Electricity generation from wind power
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Metric (tonnes)
2025
2024
2023
2022 - 2017
Total Taxonomy Aligned A1 Capex
Portion of total company CAPEX generated from economic activities that are eligible under the EU Taxonomy and meet all alignment requirements, including substantial contribution, Do No Significant Harm (DNSH), and minimum safeguards.
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Total Taxonomy Eligible A Capex
Total CAPEX of the company associated with activities considered eligible under the EU Taxonomy, regardless of whether they meet alignment criteria.
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Total Taxonomy Non-Eligible B Capex
Total CAPEX of the company associated with activities that are not listed as eligible under the EU Taxonomy.
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4.3 CCM/CCA - Electricity generation from wind power
4.3 CCM/CCA - Electricity generation from wind power
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Verified Sources Behind Var Energi’s EU Taxonomy 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.
Insights into Var Energi's Revenues from Sustainable Activities
In 2024, Var Energi reported EU Taxonomy-eligible revenues of USD 0, representing 0% of its total turnover. Of this amount, USD 0 of Var Energi's revenues was classified as EU Taxonomy-aligned, indicating that 0% of the revenue-generating activities undertaken by the company substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).a
Insights into Var Energi's CAPEX from Sustainable Activities
In 2024, Var Energi reported EU Taxonomy-eligible CAPEX of USD 15.37 million,representing 0.4% of its total CAPEX. Of this amount, USD 1.06 million of Var Energi's CAPEX was classified as EU Taxonomy-aligned, indicating that 0% of the company's investments were directed toward economic activities that substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).a
Var Energi's Taxonomy-Eligible Capex Over Time
Total Taxonomy Aligned A1 Capex
Total Taxonomy Eligible but Not Aligned A2 Capex
Have Var Energi's increased its investment in sustainable activities over time?
Compared to the previous year (2023), Var Energi's taxonomy-aligned CAPEX decreased by 100%,suggesting that Var Energi may have scaled back investments in sustainable projects, reprioritized its capital deployment, or reduced transparency in its taxonomy-aligned disclosures.a, b
Var Energi's Contribution to Environmental Objectives
Total Taxonomy Aligned A1 Capex
Total Taxonomy Eligible but Not Aligned A2 Capex
How is Var Energi's taxonomy-aligned CAPEX distributed across the EU environmental objectives?
In 2024, Var Energi reported that its taxonomy-aligned capital expenditure (CAPEX) was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 0%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 0%
Pollution Prevention and Control: 0%
Protection and restoration of biodiversity and ecosystems: 0%
How much Var Energi is investing in climate-related solutions?
In 2024, Var Energi allocated USD 0 of its CAPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 0% of the company's total capital expenditure,indicating that Var Energihas only marginally directed its capital expenditure toward climate-related activities, suggesting limited alignment with climate objectives.a
Insights into Var Energi's OPEX from Sustainable Activities
In 2024, Var Energi reported EU Taxonomy-eligible OPEX of USD 1.31 million,representing 0.4% of its total operating expenses (OPEX). Of this amount, USD 1.31 million of Var Energi's OPEX was classified as EU Taxonomy-aligned, indicating that 0.4% of the company's operating expenses were directed toward economic activities that substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).a
How much of Var Energi's operational expenditure (OPEX) is eligible under the EU Taxonomy?
In 2024, Var Energi reported that USD 1.31 million of its operational expenditure (OPEX) was eligible under the EU Taxonomy, representing 0.4% of the company's total OPEX. Of this amount, USD 1.31 million (0.4% of total OPEX) was classified as Taxonomy-aligned. This means that 0% of Var Energi's OPEX is eligible but not aligned, indicating that these expenditures either did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards (MSS).a
How much of Var Energi's eligible OPEX is aligned with the EU Taxonomy?
In 2024, Var Energi reported that USD 1.31 million of its OPEX was aligned under the EU Taxonomy, representing 0.4% of its total operational expenditure.a
This low alignment reflects limited operational focus on green activities, suggesting that sustainability considerations have yet to be fully integrated into core operating processes.
Var Energi's Eligibility & Alignment Overview
Var Energi's Contribution to Environmental Objectives
Total Taxonomy Aligned A1 Opex
Total Taxonomy Eligible but Not Aligned A2 Opex
How is Var Energi's taxonomy-aligned OPEX distributed across the EU environmental objectives?
In 2024, Var Energi reported that its taxonomy-aligned operational expenditure (OPEX) was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 0.4%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 0%
Pollution Prevention and Control: 0%
Protection and restoration of biodiversity and ecosystems: 0%
How much of Var Energi's operational budget supports climate-related solutions?
In 2024, Var Energi allocated USD 1.35 million of its OPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 0.4% of the company's total OPEX,indicating that Var Energihas only a limited share of operational expenditure aligned with climate goals, signaling early-stage or minimal integration of climate objectives into its routine activities.a
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