HKFoods Oyj

HKFoods Oyj, a Finnish food products company, reported total Scope 1, 2, and 3 emissions of approximately 1,573,954,000 kg CO2e in 2024. This includes Scope 1 emissions of 15,589,000 kg CO2e, market-based Scope 2 emissions of 5,132,000 kg CO2e, and Scope 3 emissions of 1,503,033,000 kg CO2e. Key contributors to Scope 3 emissions in 2024 were purchased goods and services (approximately 1,292,037,000 kg CO2e), capital goods (approximately 83,161,000 kg CO2e), and processing of sold products (approximately 77,627,000 kg CO2e).

Looking back, in 2023, the company reported Scope 1 and 2 emissions of 14,000,000 kg CO2e and Scope 3 emissions of 2,092,000,000 kg CO2e. In 2022, HKFoods Oyj's Scope 1 emissions were 13,492,000 kg CO2e, market-based Scope 2 emissions were 4,823,000 kg CO2e, and Scope 3 emissions were approximately 1,471,908,000 kg CO2e.

HKFoods Oyj has committed to several climate targets. The company aims to achieve a 42% absolute reduction in Scope 1 and 2 GHG emissions from its industrial operations and energy by 2030, using a 2022 base year. Additionally, it targets a 42% absolute reduction in Scope 3 GHG emissions from purchased goods and services, fuel- and energy-related activities, upstream and downstream transportation and distribution, and investments within the same timeframe. The company also commits to a 30.3% absolute reduction in Scope 3 FLAG (Forest, Land and Agriculture) GHG emissions by 2030 from a 2022 base year, and pledges no deforestation across its primary deforestation-linked commodities by the end of 2025. These near-term targets are classified as consistent with a 1.5°C pathway by the Science Based Targets initiative (SBTi). Furthermore, HKFoods Oyj aims for the carbon neutrality of its own industrial production by the end of 2025 (Scope 1). For its Swedish operations, the goal is a 95% reduction in carbon dioxide emissions (Scope 1, 2, and Scope 3 purchased transportation and business travel) by 2030 compared to 2003 levels.