Oatly AB, commonly known as Oatly, is a pioneering company in the food products nec industry, headquartered in Sweden (SE). Founded in 1994, Oatly has established itself as a leader in the plant-based food sector, particularly known for its innovative oat-based dairy alternatives. The company’s core offerings include oat milk, ice cream, and cooking creams, all crafted from sustainably sourced oats, which set them apart in terms of taste and environmental impact.
With a strong presence in Europe and expanding operations in North America and Asia, Oatly has achieved significant milestones, including a successful IPO in 2021. The brand is celebrated for its commitment to sustainability and health, making it a preferred choice among consumers seeking dairy-free options. Oatly's unique positioning in the market has garnered numerous accolades, solidifying its reputation as a trailblazer in the plant-based revolution.
+19 vs industry average
Oatly’s score of 36 is higher than 60% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Food Product Manufacturing is among the most carbon-intensive industries
Industry performance
The Food Product Manufacturing industry has increased its overall emissions by 9% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Oatly's reported carbon emissions
Oatly, a food products (nec) company based in SE, reported a total of approximately 319,164,000 kg CO2e in emissions for 2024. This figure encompasses Scope 1, Scope 2, and Scope 3 emissions, with Scope 3 emissions being the largest contributor at approximately 305,718,000 kg CO2e, primarily driven by purchased goods and services. In 2023, Oatly's total emissions were approximately 244,054,000 kg CO2e, with Scope 3 accounting for about 232,157,000 kg CO2e. This represents a decrease from 2022, when total emissions were approximately 301,537,000 kg CO2e, and 2021, with total emissions at approximately 295,540,000 kg CO2e. In 2020, total emissions stood at approximately 159,727,000 kg CO2e. Oatly has established an intensity-based greenhouse gas (GHG) emissions target to reduce its climate footprint per litre of Oatly produced by 70 percent by 2029, using a 2020 baseline. This target covers Scope 1, 2, and 3 emissions across its full value chain. The company's data is not cascaded from a parent organisation.
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Oatly’s Climate Goals (2030 & 2050)
1 goal2029
70% reduction in all scopes
As a growth company, we have set an intensity-based GHG emissions target to reduce our climate footprint per liter of Oatly produced by 70 p…
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 1 climate goals
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Scope 3 top emissions categories
5 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Oatly
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