Orkla

Packaged Foods & Meats
ORK.OL
NOK 76 (3.8)%
Share price
$ 7.3 bn
Market Cap
$ 9.4 bn
Enterprise Value

Carbon footprint

13 Ton
GHG emissions per $ 1 mln investment
0.32x the weighted average for S&P 500
FY2021
How is this calculated?
-4.5%
YOY change in GHG emissions
Weaker than the +5% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

-2.3%
Proj. YOY change in GHG emissions (Scope 1 + 2)
Weaker than the -6.6% weighted average for S&P 500
FY2022
How is this calculated?

Orkla aims to reduce Scope 1 + 2 by 63% by 2025 from a base year 2014


This target has not been verified as science based according to SBTi
Orkla's actual and proj. GHG emissions (Scope 1 + 2) (Kt of CO2e)

GHG emissions and Carbon intensity

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

Orkla's carbon footprint

Orkla reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 117 Kt (-5.6 /-4.5% y-o-y). Also positively, carbon intensity decreased to 20 t (-3.9 /-16.3% y-o-y).

Orkla's Scope 3 emissions declined to 1,817 Kt (-75 /-3.9% y-o-y). The time series has been volatile over the last few periods.

The company is committed to reducing Scope 1 + 2 by 63% by 2025 from a base year 2014, which translates into the estimated reduction of -2.7 Kt per annum over the period of FY2022 - FY2025. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Orkla also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. Overall Net-Zero Target Orkla ASA commits to reach net-zero greenhouse gas emissions across the value chain by 2045 from a 2016 base year. Near-Term Targets Orkla ASA commits to reduce absolute scope 1 and 2 GHG emissions 65% by 2025 and 70% by 2030 from a 2016 base year*. Orkla ASA also commits to reduce absolute scope 3 GHG emissions 30% by 2025 and 50% by 2030 from a 2016 base year. *The target boundary includes biogenic emissions and removals from bioenergy feedstocks. Long-Term Targets Orkla ASA commits to reduce absolute scope 1 and 2 GHG emissions 90% by 2045 from a 2016 base year*. Orkla ASA also commits to reduce absolute scope 3 GHG emissions 90% by 2045 from a 2016 base year. *The target boundary includes biogenic emissions and removals from bioenergy feedstocks.

Company environmental metrics

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