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Varo Energy

Varo Energy is a privately-owned company headquartered in Switzerland. The company operates refineries in Germany and France and offers diesel, gasoline, heating oil, fuel oil, aviation fuel, bitumen and liquefied petroleum gas (LPG) products. The company sources, refines, stores, blends, distributes, markets and sells its products to customers in Europe.
Ranking position
#79 /99
Total score
4.6 /100

1.1 /60
Core social indicators
3.5 /20
Just transition
0.0 /20

ACT score components

Performance score
0.8 /20
Narrative Score
Trend Score
  • Trend line is up
  • Trend line is equal
  • Trend line is down
Performance module name Performance module score Rank (0-99)


#1 3.2 /100 #58

Material investment

#1 0.0 /100 #84

Intangible investment

#1 0.0 /100 #11

Sold products

#1 0.0 /100 #76


#1 32.0 /100 #59

Supplier engagement

#1 0.0 /100 #50

Client engagement

#1 0.0 /100 #45

Policy engagement

#1 6.0 /100 #76

Business model

#1 0.0 /100 #66
Indicates the score for the top performing company.

Act Assessment

Leading Practices

No leading practices were identified for this company.

Risks and Opportunities


Varo receives a trend score of -. If the company were reassessed in the near future, its score would likely decrease. Varo’s lack of disclosure on its low-carbon transition spending suggests inaction. The company also lacks transparency on emissions and activity data for 2017-2021. Therefore its targets, and past and projected performance could not be assessed. Varo aims to transition through advanced biofuels, renewable hydrogen and electric vehicle (EV) charging. However, this is undermined by its limited disclosure of its actions to further these low-carbon activities and its heavy reliance on offsetting and high-carbon products.

Progress towards the Paris Agreement

Social assessment

Just transition assessment

Core Social Assessment

See results for

  1. 2021

More about the company

Zug, Switzerland

This company is part of the SDG2000, the 2,000 most influential companies

See company profile SDG2000