Potential offtaker

Varner AS

www.varner.com

Estimated electricity consumption

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Countries of production presence

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Varner AS is a Norwegian company that operates in the Specialty Apparel Stores sector. The company was founded in 1962 and has since grown to become one of the largest fashion retailers in the Nordic region. Varner AS operates more than 1,500 stores across 8 different brands, including Dressmann, Cubus, and Bik Bok.

As a company that operates in the retail industry, Varner AS recognizes the importance of sustainability and decarbonization. The company has set ambitious targets to reduce its carbon footprint and promote sustainable practices throughout its operations. Varner AS has committed to reducing its greenhouse gas emissions by 50% by 2030, compared to its 2017 baseline.

One of the key ways that Varner AS is working towards decarbonization is through its corporate energy strategy. The company has implemented measures to reduce its energy consumption and increase the use of renewable energy sources. Varner AS has installed solar panels on the roofs of several of its stores, which generate clean energy and reduce the company's reliance on fossil fuels.

In addition to generating its own renewable energy, Varner AS has also entered into corporate power purchase agreements (PPAs) with renewable energy providers. These agreements allow the company to purchase electricity directly from renewable energy sources, such as wind and solar farms. By purchasing renewable energy through PPAs, Varner AS is able to reduce its carbon footprint and support the growth of the renewable energy sector.

Varner AS is also working to promote renewable energy and sustainability beyond its own operations. The company is a member of the RE100 initiative, which is a global initiative that brings together companies committed to using 100% renewable energy. Through its participation in the RE100, Varner AS is able to collaborate with other companies and share best practices for promoting renewable energy and sustainability.

In addition to its focus on decarbonization and renewable energy, Varner AS is also committed to promoting sustainability throughout its supply chain. The company has implemented a number of measures to reduce the environmental impact of its products, including using sustainable materials and reducing waste. Varner AS has also implemented a supplier code of conduct, which sets out standards for ethical and sustainable practices among its suppliers.

Overall, Varner AS is a company that is committed to promoting sustainability and decarbonization throughout its operations. Through its corporate energy strategy, renewable energy PPAs, and participation in the RE100 initiative, the company is working to reduce its carbon footprint and support the growth of the renewable energy sector. By promoting sustainability throughout its supply chain, Varner AS is also working to reduce the environmental impact of its products and promote ethical and sustainable practices among its suppliers.

✓ Science Based Targets member
✓ Declared Net Zero commitment