Bakkafrost Sustainability Profile
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 63 is higher than 86% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Bakkafrost's reported carbon emissions
In 2024, Bakkafrost reported total greenhouse gas emissions of approximately 123,839,000 kg CO2e for Scope 1, 29,165,000 kg CO2e for Scope 2 (market-based), and 552,247,000 kg CO2e for Scope 3 emissions. This represents a significant portion of their overall emissions, with Scope 3 being the largest contributor. In 2023, the company recorded emissions of about 129,127,000 kg CO2e for Scope 1, 32,742,000 kg CO2e for Scope 2 (market-based), and 506,191,000 kg CO2e for Scope 3. Bakkafrost has set ambitious climate commitments, aiming to reduce absolute Scope 1 and 2 emissions by 50% by 2030 from a 2020 baseline of 119,061 tonnes CO2e. Additionally, they are targeting a 52% reduction in Scope 3 emissions per tonne of product sold by 2030, based on a 2020 baseline of 2.67 tonnes CO2e per tonne of product. These targets are aligned with the Science Based Targets initiative (SBTi) and are designed to support the global effort to limit warming to 1.5°C. The company’s emissions data is not cascaded from any parent organization, indicating that these figures are independently reported by P/F Bakkafrost. Bakkafrost's commitment to sustainability reflects its proactive approach to addressing climate change within the food production sector, particularly in animal source food production.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 69,826,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 | 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 | 00,000,000 |
| Scope 3 | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
How Carbon Intensive is Bakkafrost's Industry?
How Carbon Intensive is Bakkafrost's Location?
Bakkafrost's Scope 3 Categories Breakdown
Bakkafrost's Scope 3 emissions, which increased by 9% last year and increased by approximately 122% since 2018, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 78% of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 36% of Scope 3 emissions.
Top Scope 3 Categories
Bakkafrost's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Bakkafrost has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
Frequently Asked Questions
Common questions about Bakkafrost's sustainability data and climate commitments