Var Energi | Sustainability Performance
Engages in the exploration and production of oil and natural gas resources, primarily in Norway.
1920
Norway
1,001 - 5,000 employees
Oil & Energy
$1B - 10B in revenue
$500M - 1B in profitability
Sustainability Ranking & Industry Benchmark
#7387
Overall#140
in Norway#70
in Oil & EnergySustainability Maturity
Sustainability Intent
Overview
Environmental
Carbon emissionsCarbon certificatesEnergy consumptionWaste ManagementSocial
Diversity and InclusionGovernance
TargetsESG scores and ExclusionsFinancial Data
Business performanceCapital & innovationAnalyst projectionsAsset manager exclusion
CO2 scope 1 + 2
Leading
Renewable energy
Waste generated
Aligned
Female employees
Aligned
Market cap
Revenue
R&D intensity
Carbon emissions
Reveal data for 1 credit
Industry rank: 37 out of 426
Total CO2 emissions
(CO2e tonnes)
Industry rank: 37 out of 426
Scope 1
Scope 2 location based
Scope 3 downstream
Scope 3 upstream
Industry benchmark
(adj. for revenues)
(adj. for revenues)
Renewable energy
Reveal data for 1 credit
20%2024
Industry rank: 20 out of 426
Total energy consumption
and % renewables
(MWh, % of consumption)
Industry rank: 20 out of 426
Total energy
Share of renewable energy
Industry benchmark
Intensity
Greenhouse gas intensity (Scope 1, 2, 3)(tCO₂e /$M)
Energy consumption (direct) intensity (MWh /$M)
Industry Benchmark
4.4K
B/M 3.4K
242.1
B/M 156.1
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Female employees
Reveal data for 1 credit
Share of female employees (%)
Share of female board members
25
50
75
100
Company
Benchmark
Waste
Reveal data for 1 credit
24.9K2024
Total waste generated (tonnes)
Total waste
Recovered & recycled
Not-recovered & not-recycled
Industry Benchmark
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Controversy level
- Vår Energi ASA, Norwegian major E&P (Eni Plenitude 63% controlled, HitecVision minority), has faced sustained Norwegian PSA (Petroleum Safety Authority) enforcement scrutiny over the Goliat FPSO Barents Sea operations including periodic safety incidents, plus the contested 2024 sustained share price volatility amid Norwegian North Sea oil/gas customer demand normalization affecting Norwegian institutional shareholders.
Carbon emissions breakdown
Reveal data for 2 credits
| KPI | Metric | Year | |||||
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| 2020 | 2021 | 2022 | 2023 | 2024 | Benchmark | ||
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| ******* | ******* | - | - | - | - | ******* | ******* |
Carbon certificate projects
Reveal data for 3 credits
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Waste management
Reveal data for 2 credits
| KPI | Metric | Year | |||||
|---|---|---|---|---|---|---|---|
| 2020 | 2021 | 2022 | 2023 | 2024 | Benchmark | ||
| ******* | ******* | - | - | - | - | ******* | ******* |
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Market cap
Revenue
EBITDA
Operating margin
Revenue & EBITDA
$77.7BFY2025 revenue
Total Annual
Revenue & EBITDA
($ B)
Annual revenue
EBITDA
3 year change
Margin trends
Margin as % of revenue
Gross margin
Operating margin
Net margin
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Free cashflow
Capex
Debt/equity ratio
R&D intensity
0.6%FY2025
R&D as % of revenue
Return on invested capital (ROIC)
Industry benchmark
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Return on invested capital
13.0%FY2026
Return on invested capital (ROIC)
Industry benchmark
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Analyst revenue estimates & actuals
Analyst consensus vs actuals
($ B)
Actual revenue
Consensus estimates
Estimate only
6.8
▼ 99.0%
7.4
▼ 89.9%
77.7
▼ 1.2%
8.2
2030Powered by illuminem
Exclusions by region
Reveal data for 2 credits
Institutions excluding by region out of total tracked institutions
Excluding institutions
Reveal data for 2 credits
Institution name, type, screener label
Powered by illuminem and CovalenceSustainability targets and commitments
Reveal data for 1 credit
| Target | Year | Value | Scope | Baseline |
|---|
Progress against targets
Environmental policy coverage
Carbon reduction policy
Available
Human rights policy
Available
Recycling policy
Available
Workplace health & safety policy
Available
21%
Independent Directors
4 out of 19 incl. management
Overall score
71
Environment
61
Social
89
Governance
65
Exclusion screening
Adult content
Not available
Alcoholic
Not available
Animal testing
Not available
Firearms
Not available
Tobacco
Not available
Gambling
Not available
Nuclear
Not available
