Packaged Foods & Meats
NOK 656 0.61
Share price
$ 3.7 bn
Market Cap
$ 4 bn
Enterprise Value

Carbon footprint

20 Ton
GHG emissions per $ 1 mln investment
0.58x the weighted average for S&P 500
How is this calculated?
YOY change in GHG emissions
Stronger than the -11% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

This company has not set a company-wide target for an absolute reduction in GHG emissions yet

but has a science based goal that does not target absolute reductions but is still aligned with Paris Agreement according to SBTi

GHG emissions and Carbon intensity

Bakkafrost's GHG emissions (location-based) (Kt of CO2e)
Bakkafrost's Carbon intensity (Tons per 1 USDm)

Bakkafrost's carbon footprint

Bakkafrost reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 79 Kt (-17 /-17.6% y-o-y). Also positively, carbon intensity tumbled to 90 t (-42 /-32% y-o-y).

Bakkafrost's Scope 3 emissions skyrocketed to 288 Kt (+21/+7.9% y-o-y). The growth accelerated compared to the long-term upward trend (CAGR of +3.8% since 4Q'18).

The company has not set a company-wide target for an absolute reduction in GHG emissions yet.

Bakkafrost also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. Bakkafrost commits to reduce absolute scope 1 and 2 GHG emissions 50% by 2030 from a 2020 base year.* Bakkafrost also commits to reduce scope 3 GHG emissions from purchased goods and services, fuel and energy related activities, upstream transportation and distribution, waste generated in operations, business travel, employee commuting, downstream transportation and distribution and end-of-life treatment of sold products 52% per tonne of product sold within the same timeframe. *The target boundary includes land-related emissions and removals from bioenergy feedstocks.

Company environmental metrics

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