Var Energi ASA
Var Energi's GHG Emissions Data Preview
In 2023, 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) | 2023 | 2022 | 2021 | 2020 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
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Verified Sources Behind Var Energi’s Greenhouse Gas (GHG) Emissions Data
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Insights into Var Energi's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of Var Energi amounted to 203,633 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 2022, the total operational greenhouse gas (GHG) emissions of Var Energi increased by 9.59%, suggesting that the company faced challenges in reducing its emissions from its core operations. a
Var Energi's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Var Energi's Scope 1 emissions?
In 2023, the total Scope 1 emissions of Var Energi were 195,706 metric tons of CO₂ equivalent (tCO₂e). a
Has Var Energi reduced its Scope 1 emissions over time?
Since 2020, Var Energi's Scope 1 emissions have decreased by 5.68%, reflecting a declining long-term trend in Scope 1 emissions over time. a b
Compared to the previous year (2022), Var Energi's Scope 1 emissions increased by 8.04%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a
What are Var Energi's Scope 2 emissions?
In 2023, Var Energi reported Scope 2 greenhouse gas (GHG) emissions of 207,837 tCO₂e using the market-based method and 7,927 tCO₂e using the location-based method. a
Has Var Energi reduced its Scope 2 emissions over time?
Since 2020, Var Energi's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have increased by 134.46%, reflecting a rising long-term trend in Scope 2 emissions over time. a b
Compared to the previous year (2022), Var Energi's Scope 2 emissions (Location-Based) rose by 69.71% in 2023, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy a
What methodology does Var Energi use for Scope 2 reporting?
In 2023, Var Energi reported its Scope 2 emissions using the market-based method and using the location-based method. a
Var Energi's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Var Energi's Value Chain Emissions
In 2023, Var Energi reported 8,112,793 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 2023 disclosure of Var Energi includes a breakdown across 9 of the 15 Scope 3 categories defined by the GHG Protocol, up from 8 in 2022, reflecting improved emissions accounting practices and greater transparency across the company's value chain a
Var Energi's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Var Energi's Scope 3 emissions?
In 2023, Var Energi reported total Scope 3 emissions of 8,112,793 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 8.91% of these emissions originated from upstream activities such as purchased goods and capital goods, while 91.09% came from downstream activities like product use, distribution, and end-of-life treatment. a
Has Var Energi reduced its Scope 3 emissions over time?
Since 2020, Var Energi's Scope 3 emissions have decreased by 20.32%, reflecting a declining long-term trend in Scope 3 emissions over time. a b
Compared to the previous year (2022), Var Energi's Scope 3 emissions remained relatively stable, indicating that Var Energi 's emissions have plateaued with no significant change in its value chain footprint. a
What categories of Scope 3 emissions does Var Energi disclose?
In 2023, Var Energi reported emissions for 9 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.
What are the main sources of Var Energi's Scope 3 emissions?
In 2023, the largest contributors to Var Energi's Scope 3 emissions were: a
- Use of Sold Products (Cat. 11): 7,390,010 tCO₂e (91.09%)
- Capital Goods (Cat. 2): 358,638 tCO₂e (4.42%)
- Purchased Goods and Services (Cat. 1): 237,041 tCO₂e (2.92%)
Var Energi's Scope 3 Emissions by Categories
Insights into Var Energi’s GHG Emissions Intensity Compared to Industry Peers
In 2023, Var Energi reported Scope 1 greenhouse gas (GHG) emissions of 195,706 tCO₂e and total revenues of USD 6,816 millions. This translates into an emissions intensity of 28.71 tCO₂e per millions USD. a
Var Energi's Scope 1 Emissions Intensity Compared to Peers
How does Var Energi's GHG emissions intensity compare to its peers?
In 2023, Var Energi reported a Scope 1 emissions intensity of 28.71 tCO₂e per millions USD. Compared to the peer group median of 347.21, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a
Where does Var Energi rank on GHG emissions intensity within its industry?
In 2023, 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
Insights into Var Energi's Total Carbon Footprint
In 2023, Var Energi reported a total carbon footprint of 8,316,426 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 3.19% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output. a
The largest contributor to Var Energi's total carbon footprint was Scope 3 emissions, accounting for 97.55% of the company's total carbon footprint, followed by Scope 1 emissions at 2.35%. a