VARO’s new strategy is designed to help our customers by supplying the low carbon and reliable energy they need to reach Net Zero.
Engine 1 Conventional Energies consists of manufacturing, distribution of conventional energies. Engine 1’s priority will be to continue to operate safely and to maximise cash generation while reducing the carbon footprint of our assets. Cash flows from Engine 1 will be reinvested into Engine 2. Engine 2 is focused on Sustainable Energies and consists of five consistent pillars that offer the most attractive low carbon growth potential while playing to the company’s strengths in renewables and decarbonisation.
VARO has announced a sector leading commitment to Net Zero by 2040 as a key part of its strategy to become the energy transition partner of choice. Sector leading Net Zero targets: - 40% absolute reduction of scope 1 and scope 2 emissions by 2030 - 15% scope 3 carbon intensity reduction by 2030 - Net Zero by 2040
Transforming the world’s energy supply is the most ambitious industrial transformation of our time.
We exist to accelerate the transition to a world of reliable, accessible, sustainable energy
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