Accelerating sustainability

Sustainability

At VARO, we believe in the power of energy. Energy enables our society to be mobile, comfortable, connected and innovative. Yet at the same time, the energy we use puts significant pressure on our planet and people. This is why ESG is at the core of all we do.

Our aim and commitment

Our ESG strategy is central to our plan for long-term value creation, and is based on industry-leading, rigorous and transparent ESG targets. Its main driver is our push to achieve Net Zero by 2040. Our role in the energy industry provides us with valuable insights which enable us to empower our customers as they pursue their own decarbonisation ambitions.

Key to meeting our objectives is partnering with our customers, suppliers and stakeholders to deliver energy solutions that meet the world’s changing energy needs.

Read our latest ESG report

ESG is an essential part of our ONE VARO Transformation strategy, through which we redefine customer solutions to enable the transition to sustainable energies.

Ernestina Benedetto EVP Strategy and Transformation
Ernestina Benedetto

Our ESG goals

At VARO, we aim to be the energy transition partner of choice for reliable, accessible and sustainable energy solutions. Our ESG strategy is central to our plan for long-term value creation, and is based on industry-leading, rigorous and transparent ESG targets. Its main driver is our push to achieve Net Zero by 2040.

Our role in the energy industry provides us with valuable insights which enable us to empower our customers as they pursue their own decarbonisation ambitions. Key to meeting our objectives is partnering with our customers, suppliers and stakeholders to deliver energy solutions that meet the world’s changing energy needs.

ESG at a glance

Preparing for our future

Underpinning our ONE VARO Transformation strategy are clear, measurable and meaningful ESG targets. We will push hard to achieve them over the coming years.

Read our latest ESG report

Net Zero

by 2040 in Scopes 1, 2 & 3

40%

Absolute reduction of scope 1 & 2 emissions against the baseline of 2022

15%

Carbon intensity reduction in Scope 3 by 2030 vs. 2022

100%

Renewable electricity in operations by 2030

Our ESG impact

Read our initial material assessment of topics that are of interest to our internal and external stakeholders.

Material Impact