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Vermilion Energy Inc
Vermilion Energy's GHG Emissions Data Preview
In 2024, Vermilion Energy 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).
Vermilion Energy has also provided a category-level breakdown for 10 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 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 | ||||
Unspecified Calculation Method | 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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aVerified Sources Behind Vermilion Energy’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 Vermilion Energy’s data sources below and access millions more through our Disclosure Search.
Insights into Vermilion Energy's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofVermilion Energy amounted to605,876metric 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 2023, the total operational greenhouse gas (GHG) emissions of Vermilion Energydecreased by 14.4%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
Vermilion Energy's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Vermilion Energy's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Vermilion Energy were 519,051 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has Vermilion Energy reduced its Scope 1 emissions over time?
Since 2019, Vermilion Energy's Scope 1 emissions have decreased by 39.56%, reflecting a declining long-term trend in Scope 1 emissions over time.ab
Compared to the previous year(2023), Vermilion Energy's Scope 1 emissions decreased by 7.2%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
What are Vermilion Energy's Scope 2 emissions?
In 2024, Vermilion Energy reported Scope 2 greenhouse gas (GHG) emissions of 86,825 tCOâ‚‚e without specifying the calculation method.a
Has Vermilion Energy reduced its Scope 2 emissions over time?
Since 2019, Vermilion Energy's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method)have decreased by 69.89%, reflecting a declining long-term trend in Scope 2 emissions over time.ab
Compared to the previous year(2023), Vermilion Energy's Scope 2 emissions(Unspecified Calculation Method) fell by 41.53% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
What methodology does Vermilion Energy use for Scope 2 reporting?
In 2024, Vermilion Energy reported its Scope 2 emissions using an unspecified methodology.a
Vermilion Energy's Scope 2 Emissions Over Time
- Total Scope 2 (Unspecified Calculation Method)
Insights into Vermilion Energy's Value Chain Emissions
In 2024, Vermilion Energy reported 11,045,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Vermilion Energy includes a breakdown across 2of the 15 Scope 3 categories defined by the GHG Protocol,down from 10 in 2023, indicating a decline in reporting granularity and reduced insight into the company's full value chain emissions.a
Vermilion Energy's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Vermilion Energy's Scope 3 emissions?
In 2024, Vermilion Energy reported total Scope 3 emissions of 11,045,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Approximately 0%of these emissions originated from upstream activities such as purchased goods and capital goods, while 100%came from downstream activities like product use, distribution, and end-of-life treatment.a
Has Vermilion Energy reduced its Scope 3 emissions over time?
Since 2019, Vermilion Energy's Scope 3 emissionshave decreased by 22.15%, reflecting a declining long-term trend in Scope 3 emissions over time.ab
Compared to the previous year (2023), Vermilion Energy's Scope 3 emissions remained relatively stable, indicating that Vermilion Energy's emissions have plateaued with no significant change in its value chain footprint.a
What categories of Scope 3 emissions does Vermilion Energy disclose?
In 2024, Vermilion Energy reported emissions for 2 out of the 15 Scope 3 categories defined by the GHG Protocol.a
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
What are the main sources of Vermilion Energy's Scope 3 emissions?
In 2024, the largest contributors to Vermilion Energy's Scope 3 emissions were:a
- Use of Sold Products (Cat. 11): 10,500,000 tCOâ‚‚e(95.07%)
- Processing of Sold Products (Cat. 10): 545,000 tCOâ‚‚e(4.93%)
Vermilion Energy's Scope 3 Emissions by Categories
Insights into Vermilion Energy’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Vermilion Energy reported Scope 1 greenhouse gas (GHG) emissions of 519,051 tCOâ‚‚e and total revenues of USD 1,442 millions. This translates into an emissions intensity of 359.96 tCOâ‚‚e per millions USD.a
Vermilion Energy's Scope 1 Emissions Intensity Compared to Peers
How does Vermilion Energy's GHG emissions intensity compare to its peers?
In 2024, Vermilion Energy reported a Scope 1 emissions intensity of 359.96 tCOâ‚‚e per millions USD. Compared to the peer group median of 376.42, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
Where does Vermilion Energy rank on GHG emissions intensity within its industry?
In 2024, Vermilion Energy ranked 11 out of 22 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
Vermilion Energy is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
Insights into Vermilion Energy's Total Carbon Footprint
In 2024, Vermilion Energy reported a total carbon footprint of 11,650,876 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 3.38% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Vermilion Energy's total carbon footprint was Scope 3 emissions, accounting for 94.8% of the company's total carbon footprint, followed by Scope 1 emissions at 4.46%.a