ESG reporting
For the 2023 sustainability reporting, the assessment of material topics has been reviewed and prioritised based on:
- Actual and potential impact on UN SDGs
- Vår Energi’s Sustainability Policy and other relevant policies and governing documents
- Risks identified in the enterprise risk management process
- Feedback from sustainability rating agencies
- Impacts and topics described in relevant reporting standards and requirements such as the European Sustainability Reporting Standards (ESRS), GRI Oil and Gas Sector Standard, CDP, SASB Oil & Gas Exploration & Production Sustainability Accounting Standard, Greenhouse Gas Protocol and TCFD recommendations on climate-related financial disclosures.
The 2023 sustainability reporting is prepared in accordance with the GRI Oil and Gas Sector Standard, where it is required to review each topic described in the Sector Standards and determine whether it is a material topic for the organisation.