Marel

Marel, headquartered in Iceland and operating in the machinery and equipment sector, reported total carbon emissions of approximately 371.7 million kg CO2e in 2023. This includes Scope 1 emissions of 8.367 million kg CO2e, market-based Scope 2 emissions of 3.813 million kg CO2e, and Scope 3 emissions of 359.563 million kg CO2e. The majority of Scope 3 emissions came from the use of sold products (249.072 million kg CO2e) and purchased goods and services (103.831 million kg CO2e).

Looking back, Marel's total emissions have seen a reduction from 2022, where they were approximately 393.452 million kg CO2e. In 2021, total emissions were around 445.691 million kg CO2e.

Marel has set ambitious climate commitments. The company is committed to becoming net zero by 2040, a target that encompasses all scopes of emissions (Scope 1, 2, and 3). This long-term commitment was established as early as 2021.

Furthermore, Marel has near-term Science Based Targets initiative (SBTi) approved targets from a 2021 base year. They aim to reduce absolute Scope 1 and 2 GHG emissions by 42% by 2030. Additionally, Marel commits to reducing absolute Scope 3 GHG emissions from purchased goods and services, waste generated in operations, business travel, and use of sold products by 25% by 2030.

Beyond SBTi, Marel has also set internal targets to reduce Scope 1 and Scope 2 carbon emissions by 20% by 2026, from a 2021 base year. The company's emissions data and reduction targets are directly reported by Marel hf. and are not cascaded from a parent organisation.