- Increased indirect costs due to carbon pricing mechanisms (Norway's CO2 tax and EU ETS). Potential future changes in climate-related regulations could impact financial results. Risk of reduced production capacity due to potential restrictions on exploration activities. Decreased revenues due to reduced demand for products and services as society transitions to renewable energy.
Vår Energi ASA
Greenhouse gas emissions & sustainability report data
By scope: Scope 1: 181.2K tCO2e/year; Scope 2: 4.7K tCO2e/year (location-based) 171123 tCO2e/year (market-based). 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.
Waste
13.6K tons/year
2022
Energy Use
980.9K MWh/year
2022
📊 Emissions by Scope (2022)
| 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). | 181.2K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 4.7K tCO2e/year (location-based) 171123 tCO2e/year (market-based) |
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 |
|---|---|
| 2021 | 195.3K tCO2e |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced Scope 1 GHG emissions by 15,390 tons (8%) compared to 2021. Achieved a 49% reduction in CO2 emissions at Balder (nearly 12,000 tons from 2021 to 2022). Reduced Goliat's flaring emissions by almost 11,000 tCO2e in 2022 compared to the previous year.
- Reduced CO2 emissions from flaring by around 36,000 tonnes in 2022 compared to 2020 (65% reduction).
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce water consumption by 10% by 2025
- Reduce methane emissions to 572 by 2030
📅 Medium-term
- Reduce absolute Scope 1 emissions by 50% by 2030 (compared to 2005). Achieve 80% renewable energy by 2030. Achieve net zero Scope 1 emissions by 2030. Achieve net zero Scope 2 emissions by 2025. Achieve net zero Scope 3 emissions for selected categories by 2025.
🔭 Long-term
- Reduce absolute Scope 1 emissions to near zero by 2050.
🌱 ESG Focus Areas
Climate ChangeBiodiversity