Bakkafrost

Bakkafrost's reported carbon emissions

**Bakkafrost Carbon Emissions and Climate Commitments** Bakkafrost, headquartered in the Faroe Islands (FO), is committed to reducing its greenhouse gas (GHG) emissions. The company has set ambitious targets aligned with the 1.5°C scenario, demonstrating a proactive approach to climate change mitigation. **Emissions Overview:** For the reporting year 2025, Bakkafrost reported a total of approximately 931,160,000 kg CO2e across Scopes 1, 2, and 3. This breaks down into approximately 147,663,000 kg CO2e for Scope 1, approximately 37,636,000 kg CO2e for Scope 2 (market-based), and approximately 708,179,000 kg CO2e for Scope 3. In 2024, the company's total emissions were approximately 824,807,000 kg CO2e, with Scope 1 emissions at approximately 123,840,000 kg CO2e, Scope 2 (market-based) at approximately 29,112,000 kg CO2e, and Scope 3 emissions at approximately 570,827,000 kg CO2e. For the 2023 reporting year, Bakkafrost's total emissions stood at approximately 768,109,000 kg CO2e. This comprised approximately 129,127,000 kg CO2e for Scope 1, approximately 32,742,000 kg CO2e for Scope 2 (market-based), and approximately 506,191,000 kg CO2e for Scope 3. Scope 3 emissions are a significant component of Bakkafrost's total carbon footprint, with purchased goods and services, downstream transportation and distribution, and upstream transportation and distribution being the largest contributing categories in recent reporting periods. **Climate Commitments and Reduction Targets:** Bakkafrost has made a commitment to reduce absolute Scope 1 and 2 GHG emissions by 50% by 2030, using 2020 as a base year. The 2020 baseline for Scope 1 and 2 emissions was approximately 119,061 tonnes CO2e. Furthermore, the company aims to reduce its Scope 3 GHG emissions by 52% per tonne of product sold by 2030, also from a 2020 base year. The 2020 intensity for Scope 3 emissions was approximately 2.67 tonnes CO2e per tonne of product. This reduction target for Scope 3 encompasses categories such as purchased goods and services, fuel and energy-related activities, upstream and downstream transportation and distribution, waste generated in operations, business travel, employee commuting, and end-of-life treatment of sold products. These targets have been validated by the Science Based Targets initiative (SBTi), indicating alignment with pathways to limit global warming to 1.5°C. The target boundary for these commitments includes land-related emissions and removals from bioenergy feedstocks.