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AAK AB (publ)

Common Name
AAK
Country
Sweden
Sector
Consumer Defensive
Industry
Packaged Foods
Employees
4,000
Ticker
AAK
Exchange
NASDAQ STOCKHOLM AB
Website
aak.com
Description
Aak AB is a leading global company specializing in plant-based oils and fats that are used as value-adding ingredients by industries such as food, dairy, confectionery, and cosmetics. The primary func...

AAK's GHG Emissions Data Preview

In 2024, AAK completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

However, AAK has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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a
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b
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b
0000000
Total Scope 2
Market-Based
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0000000
Location-Based
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a
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a
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0000000
Unspecified Calculation Method
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b
0000000
Total Scope 3
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a
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b
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0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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b
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b
0000000
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Verified Sources Behind AAK’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore AAK’s data sources below and access millions more through our Disclosure Search.

a. AAK's Sustainability Report 2024
a. AAK's Sustainability Report 2024
b. AAK's Sustainability Report 2023
b. AAK's Sustainability Report 2023

Insights into AAK's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions ofAAK amounted to293,739metric tons of CO2 equivalent.This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a

Compared to 2023, the total operational greenhouse gas (GHG) emissions of AAKdecreased by 8.63%, showing that the company has made progress in taking action to reduce the climate impact of its operations.ab

AAK's Scope 1 Emissions Over Time

202220232024070 k140 k210 k280 ktCO2e-6%-13%
  • Total Scope 1
  • Year-over-Year Change

What are AAK's Scope 1 emissions?

In 2024, the total Scope 1 emissions of AAK were 227,285 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Has AAK reduced its Scope 1 emissions over time?

Since 2022, AAK's Scope 1 emissions have decreased by 18.15%, reflecting a declining long-term trend in Scope 1 emissions over time.ab

Compared to the previous year(2023), AAK's Scope 1 emissions decreased by 12.86%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.ab

What are AAK's Scope 2 emissions?

In 2024, AAK reported Scope 2 greenhouse gas (GHG) emissions of 67,366 tCOâ‚‚e using the market-based method and 66,454 tCOâ‚‚e using the location-based method.a

Has AAK reduced its Scope 2 emissions over time?

Compared to the previous year(2023), AAK's Scope 2 emissions(Location-Based) have remained relatively stable, indicating that AAK's emissions have plateaued with no significant change in its energy consumption footprint.a

What methodology does AAK use for Scope 2 reporting?

In 2024, AAK reported its Scope 2 emissions using the market-based method and using the location-based method.a

AAK's Scope 2 Emissions Over Time

202220232024020 k40 k60 k80 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based
  • Total Scope 2 (Unspecified Calculation Method)

Insights into AAK's Value Chain Emissions

In 2024, AAK reported 4,176,697 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a

The 2024 disclosure of AAK includes a breakdown across 0of the 15 Scope 3 categories defined by the GHG Protocol,matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a

AAK's Scope 3 Emissions Over Time

2023202401.5 M3 M4.5 M6 MtCO2e+2%
  • Total Scope 3
  • Year-over-Year Change

What are AAK's Scope 3 emissions?

In 2024, AAK reported total Scope 3 emissions of 4,176,697 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Compared to the previous year (2023), AAK's Scope 3 emissions remained relatively stable, indicating that AAK's emissions have plateaued with no significant change in its value chain footprint.ab

Insights into AAK’s GHG Emissions Intensity Compared to Industry Peers

In 2024, AAK reported Scope 1 greenhouse gas (GHG) emissions of 227,285 tCOâ‚‚e and total revenues of USD 4,088 millions. This translates into an emissions intensity of 55.6 tCOâ‚‚e per millions USD.a

AAK's Scope 1 Emissions Intensity Compared to Peers

501,00020,000500,00010,000,000Scope 1 Emissions (tCO2e)1002001,0005,00010,000Revenues (Millions of USD)ATAOMCCScandi StandardYear: 2024Scope 1: 19,201 tCO2eRevenue: $M 1,182Scope 1 Intensity: 16.25 tCO2e/$MAAAnjoy Foods GroupYear: 2024Scope 1: 296,557 tCO2eRevenue: $M 2,073Scope 1 Intensity: 143.08 tCO2e/$MTiger BrandsYear: 2024Scope 1: 174,441 tCO2eRevenue: $M 1,939Scope 1 Intensity: 89.96 tCO2e/$MMidsonaYear: 2024Scope 1: 3,014 tCO2eRevenue: $M 338Scope 1 Intensity: 8.91 tCO2e/$MIOIYear: 2025Scope 1: 2,329,649 tCO2eRevenue: $M 2,692Scope 1 Intensity: 865.29 tCO2e/$MKewpieYear: 2024Scope 1: 54,500 tCO2eRevenue: $M 3,202Scope 1 Intensity: 17.02 tCO2e/$MWant Want China HoldingsYear: 2024Scope 1: 182,476 tCO2eRevenue: $M 3,553Scope 1 Intensity: 51.36 tCO2e/$MNissin Foods HoldingsYear: 2024Scope 1: 287,000 tCO2eRevenue: $M 4,840Scope 1 Intensity: 59.30 tCO2e/$MNichireiYear: 2025Scope 1: 86,000 tCO2eRevenue: $M 4,682Scope 1 Intensity: 18.37 tCO2e/$MCranswickYear: 2025Scope 1: 94,185 tCO2eRevenue: $M 3,523Scope 1 Intensity: 26.73 tCO2e/$MTTToyo Suisan KaishaYear: 2023Scope 1: 78,736 tCO2eRevenue: $M 3,272Scope 1 Intensity: 24.07 tCO2e/$MAAAngel YeastYear: 2024Scope 1: 958,177 tCO2eRevenue: $M 2,082Scope 1 Intensity: 460.15 tCO2e/$MOOOatly GroupYear: 2024Scope 1: 9,654 tCO2eRevenue: $M 824Scope 1 Intensity: 11.72 tCO2e/$MUnibelYear: 2024Scope 1: 100,155 tCO2eRevenue: $M 3,891Scope 1 Intensity: 25.74 tCO2e/$MIndofood CBP Sukses MakmurYear: 2024Scope 1: 399,468 tCO2eRevenue: $M 4,513Scope 1 Intensity: 88.51 tCO2e/$MPatanjali FoodsYear: 2025Scope 1: 512,498 tCO2eRevenue: $M 3,998Scope 1 Intensity: 128.20 tCO2e/$MEbro FoodsYear: 2024Scope 1: 192,836 tCO2eRevenue: $M 3,268Scope 1 Intensity: 59.01 tCO2e/$MBellring BrandsYear: 2023Scope 1: 228 tCO2eRevenue: $M 1,667Scope 1 Intensity: 0.14 tCO2e/$MMMMayora IndahYear: 2024Scope 1: 78,350 tCO2eRevenue: $M 2,243Scope 1 Intensity: 34.94 tCO2e/$MChina FeiheYear: 2024Scope 1: 126,100 tCO2eRevenue: $M 3,095Scope 1 Intensity: 40.74 tCO2e/$MCCCOFCO Sugar HoldingYear: 2024Scope 1: 118 tCO2eRevenue: $M 4,453Scope 1 Intensity: 0.03 tCO2e/$MCCCOFCO Joycome FoodsYear: 2024Scope 1: 122,700 tCO2eRevenue: $M 2,445Scope 1 Intensity: 50.18 tCO2e/$MGlanbiaYear: 2024Scope 1: 141,880 tCO2eRevenue: $M 3,273Scope 1 Intensity: 43.34 tCO2e/$MLeroy Seafood GroupYear: 2024Scope 1: 156,638 tCO2eRevenue: $M 2,745Scope 1 Intensity: 57.06 tCO2e/$MAAKYear: 2024Scope 1: 227,285 tCO2eRevenue: $M 4,088Scope 1 Intensity: 55.60 tCO2e/$M

How does AAK's GHG emissions intensity compare to its peers?

In 2024, AAK reported a Scope 1 emissions intensity of 55.6 tCOâ‚‚e per millions USD. Compared to the peer group median of 42.04, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a

Where does AAK rank on GHG emissions intensity within its industry?

In 2024, AAK ranked 16 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a

AAK is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a

Insights into AAK's Total Carbon Footprint

In 2024, AAK reported a total carbon footprint of 4,470,436 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 0.8% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.ab

The largest contributor to AAK's total carbon footprint was Scope 3 emissions, accounting for 93.43% of the company's total carbon footprint, followed by Scope 1 emissions at 5.08%.a

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