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 32 is higher than 97% 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 2023, Bakkafrost reported total carbon emissions of approximately 600,039,000 kg CO2e. This includes 129,294,000 kg CO2e from Scope 1 emissions, 32,860,000 kg CO2e from Scope 2, and a significant 437,884,000 kg CO2e from Scope 3 emissions. The total emissions for 2022 were about 551,406,000 kg CO2e, indicating an increase in emissions year-on-year. Bakkafrost has set ambitious climate commitments, aiming to reduce absolute Scope 1 and 2 greenhouse gas emissions by 50% by 2030, using 2020 as the base year. Additionally, the company targets a 52% reduction in Scope 3 emissions per tonne of product sold within the same timeframe. 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. Overall, Bakkafrost's emissions data and climate commitments reflect a proactive approach to addressing climate change within the food production sector, particularly in animal source food production.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 63,632,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 |
| Scope 2 | 22,444,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 310,477,000 | 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 participating in some of the initiatives that 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.
