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VARO’S TWIN ENGINE GROWTH STRATEGY

VARO’s new strategy is designed to help our customers by supplying the low carbon and reliable energy they need to reach Net Zero.

Get to know more about our new strategy

The new strategy is built around two engines

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Engine 1 is focused on Conventional Energies. Engine 2 is focused on Sustainable Energies.

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.

Invest~$3.5B over the
2022-2026 period
Grow EBITDA
>3x by 2026
Sustainable Energies
over 50% of EBITDA by 2026
Get to know more about our new strategy

carbon neutral by 2040

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

Want to know more about our sustainability goals?
VARO announces new ambitious ESG strategy aligned with its recently announced ONE VARO Transformation strategy
25 July 2022

Zug, Switzerland, 25th July 2022 VARO Energy (“VARO”) today announces the release of its first ESG report. A central part of VARO’s new strategy to be the energy transition partner of choice, the report sets out ambitious ESG targets aligned with the ONE VARO Transformation strategy. At the core of the strategy is VARO’s commitment to be Net Zero by 2040.
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VARO Energy Group announces the appointment of Fatemeh Rezazadeh to the newly created position of Vice President of Hydrogen in line with its ONE VARO Transformation Strategy
18 July 2022

Zug, Switzerland, 18th July 2022 - VARO Energy Group (“VARO”) is pleased to announce the appointment of Fatemeh Rezazadeh, effective 1st August 2022, to the newly created position of Vice President of Hydrogen.
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VARO ANNOUNCES NEW STRATEGY TO INVEST $3.5 BILLION AND HELP CUSTOMERS MEET NET ZERO AMBITIONS
05 July 2022
Zug, Switzerland – 5th July 2022 VARO ENERGY (“VARO”) today announces a new strategy to become the partner of choice for customers in the energy transition by providing the sustainable and reliable energy solutions that they need to reach Net Zero. VARO has also announced today its own commitment to become Net Zero by 2040.
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Leading the energy transfor- mation

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

We exist to accelerate the transition to a world of reliable, accessible, sustainable energy
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