Bakkafrost
Bakkafrost, officially known as Bakkafrost P/F, is a leading player in the aquaculture industry, headquartered in the picturesque Faroe Islands (FO). Founded in 1968, the company has established itself as a prominent producer of high-quality farmed salmon, with significant operations across the North Atlantic region. Bakkafrost is renowned for its sustainable farming practices and commitment to quality, offering a range of products that include fresh and frozen salmon, as well as value-added seafood products. The company’s unique approach to aquaculture, which emphasises environmental responsibility and traceability, has positioned it as a market leader. With a strong focus on innovation and sustainability, Bakkafrost has achieved notable milestones, including certifications for its farming practices and a robust supply chain. This dedication to excellence has solidified its reputation as a trusted source of premium seafood in the global market.
DitchCarbon Score
How does Bakkafrost's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Fish Product Manufacturing industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Bakkafrost's score of 28 is higher than 98% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Bakkafrost's reported carbon emissions
In 2023, Bakkafrost reported total carbon emissions of approximately 600,039,000 kg CO2e, with Scope 1 emissions at about 129,294,000 kg CO2e, Scope 2 emissions at around 32,860,000 kg CO2e, and Scope 3 emissions reaching approximately 437,884,000 kg CO2e. This reflects a significant commitment to reducing greenhouse gas emissions across its operations. Bakkafrost has set ambitious targets to reduce its carbon footprint. The company aims to achieve a 50% reduction in absolute Scope 1 and 2 greenhouse gas emissions by 2030, using 2020 as the baseline year. Additionally, Bakkafrost is committed to reducing Scope 3 emissions by 52% per tonne of product sold within the same timeframe. This includes emissions from purchased goods and services, fuel and energy-related activities, and downstream transportation, among others. These targets align with the Science Based Targets initiative (SBTi) and are designed to contribute to limiting global warming to 1.5°C. Bakkafrost's proactive approach to sustainability reflects its dedication to addressing climate change and minimising its environmental impact.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 69,826,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 |
| Scope 2 | 15,723,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Bakkafrost is committed to some reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
