Cermaq Sustainability Profile
Cermaq, officially known as Cermaq Group AS, is a leading global player in the aquaculture industry, headquartered in Norway. Founded in 2000, the company has established a strong presence in key operational regions, including Norway, Canada, and Chile, focusing on sustainable salmon farming and fish feed production. Cermaq is renowned for its commitment to responsible aquaculture practices, offering high-quality products such as Atlantic salmon and innovative feed solutions. The company’s emphasis on sustainability and traceability sets it apart in a competitive market, ensuring that its products meet the highest environmental and quality standards. With a robust market position, Cermaq has achieved notable milestones, including certifications for sustainable practices and recognition for its contributions to the aquaculture sector. As a trusted name in the industry, Cermaq continues to lead the way in promoting sustainable seafood production.
DitchCarbon Score
How does Cermaq'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 Vegetable Oil Production 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
Cermaq's score of 33 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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Cermaq's reported carbon emissions
In 2023, Cermaq Group AS reported total greenhouse gas emissions of approximately 57448000 kg CO2e for Scope 1, 28093000 kg CO2e for Scope 2 (market-based), and a significant 631808000 kg CO2e for Scope 3 emissions. This reflects a slight increase in Scope 1 emissions from 57256000 kg CO2e in 2022, while Scope 2 emissions increased from 23442000 kg CO2e. The total emissions for Scope 1 and 2 combined reached about 85541000 kg CO2e in 2023. Cermaq has set ambitious climate commitments, aiming to reduce absolute Scope 1, Scope 2, and Scope 3 greenhouse gas emissions by 35% by 2030, using 2019 as the baseline year. This target includes biogenic emissions and removals from bioenergy feedstocks, aligning with the Science Based Targets initiative (SBTi) standards for keeping global warming well below 2°C. The emissions data is cascaded from Cermaq Group AS, which operates as a current subsidiary under its corporate family structure. The company continues to focus on sustainability within the food production sector, particularly in animal source food production, while actively working towards its reduction targets.
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| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 18,406,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000,000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 1,805,000 | 0,000,000 | - | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000,000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 54,831,000 | 00,000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000,000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
How Carbon Intensive is Cermaq's Industry?
How Carbon Intensive is Cermaq's Location?
Cermaq'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.
Cermaq 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.
