Cermaq

Cermaq, headquartered in Norway and operating in the vegetable oils and fats industry, reported total Scope 1, 2, and 3 carbon emissions of approximately 1.2 billion kg CO2e in 2024. This figure represents an increase from approximately 1.1 billion kg CO2e in 2023.

In 2024, Cermaq's emissions included approximately 48.8 million kg CO2e from Scope 1, approximately 27.0 million kg CO2e (market-based) from Scope 2, and approximately 1.1 billion kg CO2e from Scope 3. Key contributors to Scope 3 emissions included purchased goods and services (approximately 621.9 million kg CO2e), upstream transportation and distribution (approximately 53.7 million kg CO2e), and fuel and energy related activities (approximately 16.1 million kg CO2e).

Cermaq's climate commitments include a near-term Science Based Target initiative (SBTi) target, cascaded from its parent company Cermaq Group AS, to reduce absolute Scope 1, 2, and 3 GHG emissions by 35% by 2030, using a 2019 base year. The target boundary includes biogenic emissions and removals from bioenergy feedstocks. In 2019, Cermaq's total reported emissions were approximately 1.0 billion kg CO2e, with Scope 1 emissions at approximately 51.2 million kg CO2e, Scope 2 market-based emissions at approximately 29.4 million kg CO2e, and Scope 3 emissions at approximately 952.8 million kg CO2e.