In 2025, Var Energi completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Var Energi has also provided a category-level breakdown for 9 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2025 | 2024 | 2023 | 2022 - 2017 |
|---|---|---|---|---|
Total Scope 1 | 0000000 | Copy/Paste is a PRO feature. | Copy/Paste is a PRO feature. | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy/Paste is a PRO feature. | 0000000 | Copy/Paste is a PRO feature. | 0000000 |
Location-Based | Copy/Paste is a PRO feature. | 0000000 | Copy/Paste is a PRO feature. | 0000000 |
Total Scope 3 | Copy/Paste is a PRO feature. | Copy/Paste is a PRO feature. | 0000000 | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0000000 | Copy/Paste is a PRO feature. | Copy/Paste is a PRO feature. | 0000000 |
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In 2025, the total operational greenhouse gas (GHG) emissions of Var Energi amounted to 1,187,921 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2024, the total operational greenhouse gas (GHG) emissions of Var Energi increased by 5.17%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2025, the total Scope 1 emissions of Var Energi were 1,183,130 metric tons of CO₂ equivalent (tCO₂e).a
Since 2020, Var Energi's Scope 1 emissions have increased by 470.21%, reflecting a rising long-term trend in Scope 1 emissions over time.ac
Compared to the previous year (2024), Var Energi's Scope 1 emissions increased by 5.33%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2025, Var Energi reported Scope 2 greenhouse gas (GHG) emissions of 19,198 tCO₂e using the market-based method and 4,791 tCO₂e using the location-based method.a
Since 2020, Var Energi's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have increased by 41.7%, reflecting a rising long-term trend in Scope 2 emissions over time.ac
Compared to the previous year (2024), Var Energi's Scope 2 emissions (Location-Based) fell by 23.33% in 2025, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
In 2025, Var Energi reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2025, Var Energi reported 41,343,864 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2025 disclosure of Var Energi includes a breakdown across 6 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2024, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
In 2025, Var Energi reported total Scope 3 emissions of 41,343,864 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 1.81% of these emissions originated from upstream activities such as purchased goods and capital goods, while 98.19% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2020, Var Energi's Scope 3 emissions have increased by 306.04%, reflecting a rising long-term trend in Scope 3 emissions over time.ac
Compared to the previous year (2024), Var Energi's Scope 3 emissions increased by 17.45%, suggesting that the company faced challenges in reducing emissions across its value chain.a
In 2025, Var Energi reported emissions for 6 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This partial disclosure allows for some insight into the company's indirect impacts.
In 2025, the largest contributors to Var Energi's Scope 3 emissions were:a
In 2025, Var Energi reported Scope 1 greenhouse gas (GHG) emissions of 1,183,130 tCO₂e and total revenues of USD 76,059 millions. This translates into an emissions intensity of 15.56 tCO₂e per millions USD.a
In 2025, Var Energi reported a Scope 1 emissions intensity of 15.56 tCO₂e per millions USD. Compared to the peer group median of 368.82, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2025, Var Energi ranked 2 out of 21 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Var Energi among the top performers, with one of the lowest emissions intensities relative to peers.a
In 2025, Var Energi reported a total carbon footprint of 42,531,785 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 17.06% increase compared to 2024, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Var Energi's total carbon footprint was Scope 3 emissions, accounting for 97.21% of the company's total carbon footprint, followed by Scope 1 emissions at 2.78%.a