Var Energi | Sustainability & Chart

NO0011202772

Basic information on Var Energi

Location: Norway

Industry: Mining, Oil & Gas

Website

Impact Score

Description Var Energi

Var Energi is a Norwegian oil and gas company that explores, develops, and produces oil and gas resources on the Norwegian continental shelf.

Var Energi Sustainability Performance

Climate

Renewable Energy

Var Energi obtains 12,7% of its energy from renewable energies. Target value per method: min. 100%

Greenhouse Gas Emissions

Var Energi emits 168,5 times its CO₂ budget of 7,052 tons of CO₂ equivalent. Target value per method: max. 100% of CO₂ budget

Supply Chain

Taking into account the entire supply chain, Var Energi emits 6 031 times its CO₂ budget of 7,052 tons of CO₂ equivalent. Target value per method: max. 100% of CO₂ budget

Recycling and Recovery of Waste

Var Energi recycles 6,2% of its waste. Target value per method: min. 75%

Society

83%

Union Formation and Collective Bargaining Power

Var Energi issues 23,9% collective agreements. Target value per method: min. 80%

CEO Pay Ratio

CEO Nick Walker earns 21 times the median salary of employees. Target value per method: max. 30 times

Employee Turnover Rate

Var Energi has an employee turnover rate of 5,4%. Target value per method: max. 10%

Harassment and Discrimination at the Workplace

Var Energi meets 4 quality criteria for handling harassment and discrimination at the workplace. Target value per method: 4 quality criteria

Gender

79%

Women on Board

Var Energi has 44,4% women across its top leadership and supervisory bodies. Target value per method: min. 40%

Gender Pay Gap

Var Energi has a gender pay gap of 8,8%. Target value per method: max. 3%

Women in Management

Var Energi employs 33% female managers. Target value per method: min. 40%

Glass Ceiling

The proportion of women in senior management at Var Energi is 115,4% of the proportion of women in the overall workforce. Target value per method: min. 90%

Sustainable [100]

Almost sustainable [67-99]

Moderate [34-66]

Not sustainable [0-33]

No data

Renewable Energy

Greenhouse Gas Emissions

Supply Chain

Waste Recycling

Sustainable [100]

Almost sustainable [67-99]

Moderate [34-66]

Not sustainable [0-33]

No data

We measure the sustainability of companies based on 12 criteria.Indicators range from 0 to 100: values from 0 to 33 are shown in red (“not sustainable”), values from 34 to 66 in yellow (“moderate”), values from 67 to 99 in light green (“almost sustainable”), and a value of 100 in green (“sustainable”). Learn more about our method.

Compare Var Energi with ...

Var Energi

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Impact Score

Climate

Society

Gender

83%

79%

Var Energi

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Impact Score

Climate

Society

Gender

Sources of sustainability performance

Metric	Value	Unit	Year	PDF Name	PDF Page
CEO Pay Ratio
CEO-to-median-salary-ratio	20,6	Ratio	2025	Var-Energi-Annual-Report-2025.pdf	98
CEO name	Nick Walker		2025	Var-Energi-Annual-Report-2025.pdf	4
Employee Turnover Rate
Employee turnover	5,4	%	2025	Var-Energi-Annual-Report-2025.pdf	95
Gender Pay Gap
Unadjusted gender pay gap	8,8	%	2025	Var-Energi-Annual-Report-2025.pdf	98
Glass Ceiling
Number of employees	1 451	people	2025	Var-Energi-Annual-Report-2025.pdf	95
Women in workforce	415	people	2025	Var-Energi-Annual-Report-2025.pdf	95
Women on executive board	33	%	2025	Var-Energi-Annual-Report-2025.pdf	27
Greenhouse Gas Emissions
Scope 1 emissions	1 183 130	(tCO2eq)	2025	Var-Energi-Annual-Report-2025.pdf	55
Number of employees	1 451	people	2025	Var-Energi-Annual-Report-2025.pdf	95
Scope 2 emissions, location based	4 791	(tCO2eq)	2025	Var-Energi-Annual-Report-2025.pdf	55
Harassment and Discrimination at the Workplace
Confidentiality mechanisms	Yes		2025	Var-Energi-Annual-Report-2025.pdf	109
Incident notification mechanism	Yes		2025	Var-Energi-Annual-Report-2025.pdf	86
Anti-discrimination policy	Yes		2025	Var-Energi-Annual-Report-2025.pdf	84
Retaliation safeguards	Yes		2025	Var-Energi-Annual-Report-2025.pdf	103
Renewable Energy
Total energy consumption	6 084 613	MWh	2025	Var-Energi-Annual-Report-2025.pdf	53
Total renewable energy consumption	772 294	MWh	2025	Var-Energi-Annual-Report-2025.pdf	53
Supply Chain
Scope 1 emissions	1 183 130	(tCO2eq)	2025	Var-Energi-Annual-Report-2025.pdf	55
Scope 2 emissions, location based	4 791	(tCO2eq)	2025	Var-Energi-Annual-Report-2025.pdf	55
Number of employees	1 451	people	2025	Var-Energi-Annual-Report-2025.pdf	95
Scope 3 emissions	41 343 864	(tCO2eq)	2025	Var-Energi-Annual-Report-2025.pdf	55
Union Formation and Collective Bargaining Power
Collective bargaining agreements coverage	23,9	%	2025	Var-Energi-Annual-Report-2025.pdf	95
Recycling and Recovery of Waste
Waste recycled	5 657	tonnes	2025	Var-Energi-Annual-Report-2025.pdf	79
Total waste generation	91 349	tonnes	2025	Var-Energi-Annual-Report-2025.pdf	79
Women on Board
Executive board size	6	people	2025	Var-Energi-Annual-Report-2025.pdf	27
Women on executive board	33	%	2025	Var-Energi-Annual-Report-2025.pdf	27
Women on supervisory board	50	%	2025	Var-Energi-Annual-Report-2025.pdf	27
Supervisory board size	12	people	2025	Var-Energi-Annual-Report-2025.pdf	27
Women in Management
Women in management	33	%	2024	3388247.pdf	158

Note: The PDF pages given here refer to the page in the PDF document, which is not necessarily the one found in the footer of the page. For example, page 10 is the 10th page in the document, even if it is labeled as page 8.

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Var Energi | Sustainability & Chart

Basic information on Var Energi

Description Var Energi

Var Energi Sustainability Performance

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Var Energi

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