Cermaq

Cermaq, a Norwegian-headquartered company in the vegetable oils and fats industry, reported its total greenhouse gas emissions for 2024 as approximately 1.197 billion kg CO2e. This figure includes Scope 1 emissions of approximately 48.8 million kg CO2e, Scope 2 market-based emissions of about 27.0 million kg CO2e, and Scope 3 emissions of roughly 1.134 billion kg CO2e. Key contributors to Scope 3 emissions in 2024 were purchased goods and services, accounting for approximately 621.9 million kg CO2e, and upstream transportation and distribution, which was about 53.7 million kg CO2e.

Looking back, Cermaq's total emissions for 2023 were approximately 1.123 billion kg CO2e, with Scope 1 at about 54.8 million kg CO2e, Scope 2 market-based at around 27.5 million kg CO2e, and Scope 3 at roughly 1.054 billion kg CO2e. In 2019, the base year for its climate targets, Cermaq's total emissions were approximately 1.027 billion kg CO2e, comprising Scope 1 emissions of about 51.2 million kg CO2e, Scope 2 market-based emissions of roughly 29.4 million kg CO2e, and Scope 3 emissions of approximately 952.8 million kg CO2e.

Cermaq Group AS has set near-term Science Based Targets initiative (SBTi) commitments to reduce absolute Scope 1, Scope 2, and Scope 3 GHG emissions by 35% by 2030, from a 2019 base year. This target boundary includes biogenic emissions and removals from bioenergy feedstocks and is classified as consistent with reductions required to keep warming to well-below 2°C. These SBTi targets are cascaded from its parent organization, Cermaq Group AS.