Varta AG

Common Name
Varta
Country
Germany
Sector
Industrials
Industry
Electrical Equipment & Parts
Employees
4,049
Ticker
VAR1
Exchange
XETRA
Description
Varta AG is a leading German company that manufactures and develops energy storage solutions. Known primarily for its high-performance batteries, Varta has established itself as a key player in the mo...

Varta's GHG Emissions Data Preview

In 2022, Varta 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).

Varta 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)2024202320222021 - 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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This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Varta's Operational Emissions

In 2022, the total operational greenhouse gas (GHG) emissions of Varta amounted to 33,987 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).

Compared to 2021, the total operational greenhouse gas (GHG) emissions of Varta increased by 361.59%, suggesting that the company faced challenges in reducing its emissions from its core operations.

Varta's Scope 1 Emissions Over Time

20202021202201.5 k3 k4.5 k6 ktCO2e+36%-21%
  • Total Scope 1
  • Year-over-Year Change

What are Varta's Scope 1 emissions?

In 2022, the total Scope 1 emissions of Varta were 4,381 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has Varta reduced its Scope 1 emissions over time?

Since 2020, Varta's Scope 1 emissions have increased by 7.25%, reflecting a rising long-term trend in Scope 1 emissions over time.

Compared to the previous year (2021), Varta's Scope 1 emissions decreased by 21.01%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.

What are Varta's Scope 2 emissions?

In 2022, Varta reported Scope 2 greenhouse gas (GHG) emissions of 2,148 tCOâ‚‚e using the market-based method, and 29,606 tCOâ‚‚e using the location-based method.

What methodology does Varta use for Scope 2 reporting?

In 2022, Varta reported its Scope 2 emissions using the market-based method and using the location-based method.

Varta's Scope 2 Emissions Over Time

20202021202207.5 k15 k22.5 k30 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Varta's Value Chain Emissions

In 2022, Varta reported 414,841 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

The 2022 disclosure of Varta includes a breakdown across 9 of the 15 Scope 3 categories defined by the GHG Protocol, up from 0 in 2021, reflecting improved emissions accounting practices and greater transparency across the company's value chain

Varta's Scope 3 Emissions Over Time

20220150 k300 k450 k600 ktCO2e
  • Total Scope 3
  • Year-over-Year Change

What are Varta's Scope 3 emissions?

In 2022, Varta reported total Scope 3 emissions of 414,841 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Approximately 65.11% of these emissions originated from upstream activities such as purchased goods and capital goods, while 34.89% came from downstream activities like product use, distribution, and end-of-life treatment.

What categories of Scope 3 emissions does Varta disclose?

In 2022, Varta reported emissions for 9 out of the 15 Scope 3 categories defined by the GHG Protocol.

This partial disclosure allows for some insight into the company's indirect impacts.

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

In 2022, the largest contributors to Varta's Scope 3 emissions were:

  • Upstream Transportation and Distribution (Cat. 4): 44,132 tCOâ‚‚e (47.78%)
  • Use of Sold Products (Cat. 11): 17,808 tCOâ‚‚e (19.28%)
  • End-of-Life Treatment of Sold Products (Cat. 12): 14,420 tCOâ‚‚e (15.61%)

Varta's Scope 3 Emissions by Categories

Use of Sold Products(Cat. 11)(19.3%)UpstreamTransportation andDistribution(Cat. 4)(47.8%)End-of-LifeTreatment of SoldProducts (Cat. 12)(15.6%)

Insights into Varta's Total Carbon Footprint

In 2022, Varta reported a total carbon footprint of 448,828 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 5,995.72% increase compared to 2021, suggesting a rise in emissions across its operations or value chain.

The largest contributor to Varta's total carbon footprint was Scope 3 emissions, accounting for 92.43% of the company's total carbon footprint, followed by Scope 2 emissions at 6.6%.

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