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 2024, 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 11 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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a
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b
0000000
Total Scope 2
Market-Based
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a
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b
0000000
Location-Based
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a
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b
0000000
Total Scope 3
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a
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b
0000000
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Verified Sources Behind Varta’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 Varta’s data sources below and access millions more through our Disclosure Search.

a. Varta's Annual Report 2024
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b. Varta's Sustainability Report 2022
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Insights into Varta's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Varta amounted to 26,966 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 Varta decreased by 20.66%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a b

Varta's Scope 1 Emissions Over Time

202020212022202401.5 k3 k4.5 k6 ktCO2e+36%-21%+5%
  • Total Scope 1
  • Year-over-Year Change

What are Varta's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Varta were 4,599 metric tons of CO₂ equivalent (tCO₂e). a

Has Varta reduced its Scope 1 emissions over time?

Since 2020, Varta's Scope 1 emissions have increased by 12.58%, reflecting a rising long-term trend in Scope 1 emissions over time. a

Compared to the previous year (2022), Varta's Scope 1 emissions increased by 4.98%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a b

What are Varta's Scope 2 emissions?

In 2024, Varta reported Scope 2 greenhouse gas (GHG) emissions of 1,511 tCO₂e using the market-based method and 22,367 tCO₂e using the location-based method. a

Has Varta reduced its Scope 2 emissions over time?

Since 2020, Varta's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 21.66%, reflecting a declining long-term trend in Scope 2 emissions over time. a

Compared to the previous year (2022), Varta's Scope 2 emissions (Location-Based) fell by 24.45% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption. a b

What methodology does Varta use for Scope 2 reporting?

In 2024, Varta reported its Scope 2 emissions using the market-based method and using the location-based method. a

Varta's Scope 2 Emissions Over Time

202020212022202407.5 k15 k22.5 k30 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Varta's Value Chain Emissions

In 2024, Varta reported 278,477 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 2024 disclosure of Varta includes a breakdown across 10 of the 15 Scope 3 categories defined by the GHG Protocol, up from 9 in 2022, reflecting improved emissions accounting practices and greater transparency across the company's value chain a

Varta's Scope 3 Emissions Over Time

2021202220240150 k300 k450 k600 ktCO2e+15%-33%
  • Total Scope 3
  • Year-over-Year Change

What are Varta's Scope 3 emissions?

In 2024, Varta reported total Scope 3 emissions of 278,477 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 89.37% of these emissions originated from upstream activities such as purchased goods and capital goods, while 10.63% came from downstream activities like product use, distribution, and end-of-life treatment. a

Compared to the previous year (2022), Varta's Scope 3 emissions decreased by 32.87%, highlighting the company's efforts to lower indirect emissions from its value chain. a b

What categories of Scope 3 emissions does Varta disclose?

In 2024, Varta reported emissions for 10 out of the 15 Scope 3 categories defined by the GHG Protocol. a

This reflects a high level of granularity and transparency in the company's emissions reporting.

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

In 2024, the largest contributors to Varta's Scope 3 emissions were: a

  • Purchased Goods and Services (Cat. 1): 173,399 tCO₂e (62.27%)
  • Upstream Transportation and Distribution (Cat. 4): 45,829 tCO₂e (16.46%)
  • End-of-Life Treatment of Sold Products (Cat. 12): 26,725 tCO₂e (9.6%)

Varta's Scope 3 Emissions by Categories

End-of-LifeTreatment of SoldProducts (Cat. 12)(9.6%)UpstreamTransportation andDistribution(Cat. 4)(16.5%)Purchased Goods andServices (Cat. 1)(62.3%)

Insights into Varta's Total Carbon Footprint

In 2024, Varta reported a total carbon footprint of 305,443 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 31.95% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output. a b

The largest contributor to Varta's total carbon footprint was Scope 3 emissions, accounting for 91.17% of the company's total carbon footprint, followed by Scope 2 emissions at 7.32%. a

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