Cermaq, a leading player in the vegetable oils and fats industry, is headquartered in Norway (NO) and operates extensively across Europe and Asia. Founded in 1995, the company has established itself as a key provider of high-quality products derived from sustainable sources. Cermaq is renowned for its innovative approach to producing vegetable oils and fats, focusing on sustainability and environmental responsibility.
The company’s core offerings include a diverse range of oils and fats tailored for various applications, setting them apart through their commitment to quality and sustainability. Cermaq has achieved significant milestones in the industry, positioning itself as a trusted name in the market. With a strong emphasis on research and development, Cermaq continues to lead the way in providing unique solutions that meet the evolving needs of consumers and businesses alike.
+29 vs industry average
Cermaq’s score of 42 is higher than 68% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Vegetable Oil Production has above-average carbon intensity
Industry performance
The Vegetable Oil Production industry has reduced its overall emissions by 27% since 2018
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Cermaq's reported carbon emissions
Cermaq's greenhouse gas emissions for 2024 totalled approximately 1.2 billion kg CO2e, encompassing Scope 1, 2, and 3 emissions. Scope 3 emissions accounted for the largest portion, with purchased goods and services representing a significant contributor.
In 2023, Cermaq reported total emissions of around 1.12 billion kg CO2e. Scope 1 emissions were approximately 54.8 million kg CO2e, Scope 2 emissions (market-based) were about 27.5 million kg CO2e, and Scope 3 emissions were approximately 1.05 billion kg CO2e.
For 2022, Cermaq's emissions reached approximately 731.6 million kg CO2e in total (Scope 1 + Scope 2 location-based). Scope 1 emissions were around 57.3 million kg CO2e, and Scope 2 emissions (market-based) were approximately 23.4 million kg CO2e. Scope 3 emissions were reported at roughly 612.3 million kg CO2e.
The company has established climate commitments, including a target to reduce absolute Scope 1, 2, and 3 greenhouse gas emissions by 35% by 2030, using 2019 as a base year. This target is aligned with a "Well-below 2°C" warming scenario and applies to the entire Cermaq Group AS. The target boundary includes biogenic emissions and removals from bioenergy feedstocks.
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Cermaq’s Climate Goals (2030 & 2050)
No climate goals have been disclosed for Cermaq yet.
Scope 3 top emissions categories
6 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Cermaq
Frequently asked questions
Common questions about Cermaq’s sustainability data and climate commitments
Data year: 2024
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