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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 GHG Emissions Data Preview

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)202520242023
2022 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Limited Data Preview
You are viewing a limited preview of Var Energi’s GHG emissions dataset. The full dataset, available for download, includes Scope 1, 2, and 3 emissions with detailed category-level breakdowns, historical coverage back to 2020, and revenue-based intensity metrics for each scope.
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Verified Sources Behind Var Energi’s Greenhouse Gas (GHG) Emissions 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
b. Var Energi's Annual Report 2023
c. Var Energi's Sustainability Report 2022

Insights into Var Energi's Operational Emissions

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

Var Energi's Scope 1 Emissions Over Time

2020202120222023202420250300 k600 k900 k1.2 MtCO2e-6%-7%+8%+474%+5%
  • Total Scope 1
  • Year-over-Year Change

What are Var Energi's Scope 1 emissions?

In 2025, the total Scope 1 emissions of Var Energi were 1,183,130 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 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

What are Var Energi's Scope 2 emissions?

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

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 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

What methodology does Var Energi use for Scope 2 reporting?

In 2025, 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

202020212022202320242025055 k110 k165 k220 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Var Energi's Value Chain Emissions

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

Var Energi's Scope 3 Emissions Over Time

202020212022202320242025015 M30 M45 M60 MtCO2e-7%-11%-3%+334%+17%
  • Total Scope 3
  • Year-over-Year Change

What are Var Energi's Scope 3 emissions?

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

Has Var Energi reduced its Scope 3 emissions over time?

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

What categories of Scope 3 emissions does Var Energi disclose?

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.

What are the main sources of Var Energi's Scope 3 emissions?

In 2025, the largest contributors to Var Energi's Scope 3 emissions were:a

  • Use of Sold Products (Cat. 11): 38,007,554 tCO₂e (91.93%)
  • Processing of Sold Products (Cat. 10): 2,587,226 tCO₂e (6.26%)
  • Capital Goods (Cat. 2): 298,571 tCO₂e (0.72%)

Var Energi's Scope 3 Emissions by Categories

Use of Sold Products(Cat. 11)(91.9%)Processing of SoldProducts (Cat. 10)(6.3%)

Insights into Var Energi’s GHG Emissions Intensity Compared to Industry Peers

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

Var Energi's Scope 1 Emissions Intensity Compared to Peers

20,000100,0001,000,00010,000,000100,000,000Scope 1 Emissions (tCO2e)2001,00010,00050,000200,000Revenues (Millions of USD)OMOOOriental EnergyYear: 2023Scope 1: 455,919 tCO2eRevenue: $M 3,816Scope 1 Intensity: 119.46 tCO2e/$MARC ResourcesYear: 2022Scope 1: 1,827,985 tCO2eRevenue: $M 7,278Scope 1 Intensity: 251.17 tCO2e/$MCrescent EnergyYear: 2023Scope 1: 1,685,913 tCO2eRevenue: $M 2,383Scope 1 Intensity: 707.59 tCO2e/$MChord EnergyYear: 2024Scope 1: 1,944,660 tCO2eRevenue: $M 5,251Scope 1 Intensity: 370.34 tCO2e/$MMEG EnergyYear: 2023Scope 1: 2,382,468 tCO2eRevenue: $M 4,614Scope 1 Intensity: 516.30 tCO2e/$MAntero ResourcesYear: 2024Scope 1: 201,511 tCO2eRevenue: $M 4,119Scope 1 Intensity: 48.93 tCO2e/$MWhitecap ResourcesYear: 2022Scope 1: 1,376,229 tCO2eRevenue: $M 3,532Scope 1 Intensity: 389.65 tCO2e/$MBluenordYear: 2025Scope 1: 380,000 tCO2eRevenue: $M 1,030Scope 1 Intensity: 368.82 tCO2e/$MHarbour EnergyYear: 2024Scope 1: 1,259,200 tCO2eRevenue: $M 6,158Scope 1 Intensity: 204.48 tCO2e/$MAker BPYear: 2025Scope 1: 881,000 tCO2eRevenue: $M 102,306Scope 1 Intensity: 8.61 tCO2e/$MEQT CorpYear: 2024Scope 1: 661,557 tCO2eRevenue: $M 5,222Scope 1 Intensity: 126.68 tCO2e/$MInpexYear: 2024Scope 1: 6,614,000 tCO2eRevenue: $M 14,433Scope 1 Intensity: 458.27 tCO2e/$MGran Tierra EnergyYear: 2023Scope 1: 273,975 tCO2eRevenue: $M 637Scope 1 Intensity: 430.13 tCO2e/$MCoterra EnergyYear: 2024Scope 1: 1,177,337 tCO2eRevenue: $M 5,458Scope 1 Intensity: 215.71 tCO2e/$MEOG ResourcesYear: 2024Scope 1: 6,000,000 tCO2eRevenue: $M 23,378Scope 1 Intensity: 256.65 tCO2e/$MPTTEPYear: 2024Scope 1: 6,550,208 tCO2eRevenue: $M 9,096Scope 1 Intensity: 720.12 tCO2e/$MMMMari EnergiesYear: 2025Scope 1: 1,679,221 tCO2eRevenue: $M 715Scope 1 Intensity: 2,349.69 tCO2e/$MRange ResourcesYear: 2024Scope 1: 195,199 tCO2eRevenue: $M 2,347Scope 1 Intensity: 83.17 tCO2e/$MConocoPhillipsYear: 2024Scope 1: 15,500,000 tCO2eRevenue: $M 54,745Scope 1 Intensity: 283.13 tCO2e/$MWoodside Energy GroupYear: 2024Scope 1: 6,769,000 tCO2eRevenue: $M 13,179Scope 1 Intensity: 513.62 tCO2e/$MExpand EnergyYear: 2024Scope 1: 1,629,138 tCO2eRevenue: $M 4,221Scope 1 Intensity: 385.96 tCO2e/$MVar EnergiYear: 2025Scope 1: 1,183,130 tCO2eRevenue: $M 76,059Scope 1 Intensity: 15.56 tCO2e/$M

How does Var Energi's GHG emissions intensity compare to its peers?

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

Where does Var Energi rank on GHG emissions intensity within its industry?

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

Insights into Var Energi's Total Carbon Footprint

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

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