Publication of VARO’s ESG report 2023 - VARO Energy

Jun 27, 2024 · Publication of VARO’s ESG report 2023. Published: 27 June 2024. We are pleased to announce the publication of our latest Environmental, Social and Governance report, which …

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VARO's First Green Loan Boosts Biogas Growth - Knowesg.com

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Jul 28, 2023 · VARO Energy has reached a significant milestone by successfully securing a $165 million green loan, marking the company's first-ever venture into sustainable financing.. This …

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FAQs about Publication of VARO’s ESG report 2023 - VARO Energy Coupon?

What is Varo energy's ESG strategy?

Explore VARO Energy's commitment to sustainability through their ESG strategy. Learn about their goals to achieve Net Zero by 2040, environmental initiatives, social responsibility, and governance practices that drive long-term value creation and support the energy transition. ...

How did Varo perform in 2023?

2023 saw robust financial resilience, ranking as the second-best performance in VARO’s history. We secured a $165 million green loan as part of a broader $3.3 billion refinancing plan, reflecting market confidence in our company’s strategy and transformation. ...

Why is ESG important?

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. ...

Why is Varo investing in an electrolyzer at Bayernoil refinery?

Hydrogen: Utilizing its position as a hydrogen consumer to develop hydrogen production hubs, VARO has an existing project to invest in an electrolyzer at Bayernoil Refinery, with offtake meeting part of the demand from the refinery. ...

What is Varo's 'twin-engine' strategy?

ESG is central to VARO’s new strategy to become the partner of choice in the energy transition by providing secure and reliable energy solutions that customers need to reach net zero. Its 'twin-engine' strategy will support these aims by generating cash flow (Engine 1) for reinvestment in Sustainable Energies (Engine 2). ...

Does Varo violate human rights?

VARO operates its energy business in countries where there is a relatively low risk of breaching human rights thanks to strong national legislation and a fair judicial system protecting these rights. ...