- Volatility and instability in the energy market.
- Need to reduce the carbon intensity of sold products by 15% by 2030 and achieve net-zero emissions from products by 2040.
- Potential for human rights risks in some direct operations and supply chain.
VARO Energy B.V.
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, VARO Energy B.V. disclosed greenhouse gas emissions of 74.4M tCO2e/year. By scope: Scope 1: 1.0M tCO2e/year; Scope 2: 96.1K tCO2e/year; Scope 3: 73.4M tCO2e/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
74.4M tCO2e/year
2023
Renewable Energy
87% of total electricity consumed
of total energy
Water Usage
2.9K megalitres/year
2023
Waste
11.0K metric tonnes/year
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 1.0M tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 96.1K tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 73.4M tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 74.4M tCO2e/year |
| 2022 | 79.9K thousand tonnes CO2e |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Scope 1 and 2 emissions decreased by 24%, mainly through lower volumes of crude processed and sourcing 87% electricity from certified renewable sources.
- Avoided 2.6 million tonnes CO2e emissions by enabling VARO customers to replace conventional fuels with renewable alternatives (increase of 11% savings compared with 2022).
- Switzerland’s largest ground-mounted solar power park at Cressier commissioned, expected to meet around 7% of Cressier’s annual electric power needs.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce scope 1 and 2 CO2e emissions by 40% by 2030 compared with 2022.
- Achieve a TRIR of ≤ 0.50 per 200,000 work hours by 2025.
📅 Medium-term
- Reduce carbon intensity in marketed energy by 15% by 2030.
- Achieve at least 50% female employees in office-based positions by 2030.
- Achieve 50% women in senior management by 2030.
🔭 Long-term
- Achieve net-zero emissions throughout the value chain by 2040.
🌱 ESG Focus Areas
Sustainable EnergiesGHG EmissionsHealth and SafetyEmployee Satisfaction and DevelopmentEquity, Inclusion and Diversity