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Borregaard ASA

Common Name
Borregaard
Country
Norway
Sector
Basic Materials
Industry
Specialty Chemicals
Employees
1,174
Ticker
BRG
Exchange
OSLO BORS
Description
Borregaard ASA is a leading biochemicals company based in Norway. Its primary function is to develop and supply sustainable bio-based chemicals and products, targeting a shift away from traditional pe...

Borregaard's GHG Emissions Data Preview

In 2024, Borregaard 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).

Borregaard has also provided a category-level breakdown for 7 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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a
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b
0000000
Total Scope 2
Market-Based
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a
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0000000
Location-Based
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a
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a
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b
0000000
Total Scope 3
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a
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a
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b
0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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a
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b
0000000
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Verified Sources Behind Borregaard’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 Borregaard’s data sources below and access millions more through our Disclosure Search.

a. Borregaard's Annual Report 2024
a. Borregaard's Annual Report 2024
b. Borregaard's Annual Report 2023
b. Borregaard's Annual Report 2023

Insights into Borregaard's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions ofBorregaard amounted to182,780metric 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 Borregaarddecreased by 7.15%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a

Borregaard's Scope 1 Emissions Over Time

20202021202220232024040 k80 k120 k160 ktCO2e+17%+3%-16%-9%
  • Total Scope 1
  • Year-over-Year Change

What are Borregaard's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Borregaard were 120,312 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Has Borregaard reduced its Scope 1 emissions over time?

Since 2020, Borregaard's Scope 1 emissions have decreased by 8.12%, reflecting a declining long-term trend in Scope 1 emissions over time.a

Compared to the previous year(2023), Borregaard's Scope 1 emissions decreased by 9.38%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a

What are Borregaard's Scope 2 emissions?

In 2024, Borregaard reported Scope 2 greenhouse gas (GHG) emissions of 501,812 tCOâ‚‚e using the market-based method and 62,468 tCOâ‚‚e using the location-based method.a

Has Borregaard reduced its Scope 2 emissions over time?

Since 2020, Borregaard's Scope 2 greenhouse gas (GHG) emissions (Location-Based)have remained relatively stable, indicating that Borregaard's emissions have plateaued with no significant change in its energy consumption footprint.a

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

What methodology does Borregaard use for Scope 2 reporting?

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

Borregaard's Scope 2 Emissions Over Time

202020212022202320240150 k300 k450 k600 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Borregaard's Value Chain Emissions

In 2024, Borregaard reported 487,301 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 Borregaard includes a breakdown across 7of 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

Borregaard's Scope 3 Emissions Over Time

202020212022202320240150 k300 k450 k600 ktCO2e-9%-3%+16%+19%
  • Total Scope 3
  • Year-over-Year Change

What are Borregaard's Scope 3 emissions?

In 2024, Borregaard reported total Scope 3 emissions of 487,301 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Approximately 75.92%of these emissions originated from upstream activities such as purchased goods and capital goods, while 24.08%came from downstream activities like product use, distribution, and end-of-life treatment.a

Has Borregaard reduced its Scope 3 emissions over time?

Since 2020, Borregaard's Scope 3 emissionshave increased by 21.83%, reflecting a rising long-term trend in Scope 3 emissions over time.a

Compared to the previous year (2023), Borregaard's Scope 3 emissions increased by 18.63%, suggesting that the company faced challenges in reducing emissions across its value chain.a

What categories of Scope 3 emissions does Borregaard disclose?

In 2024, Borregaard reported emissions for 7 out of the 15 Scope 3 categories defined by the GHG Protocol.a

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of Borregaard's Scope 3 emissions?

In 2024, the largest contributors to Borregaard's Scope 3 emissions were:a

  • Purchased Goods and Services (Cat. 1): 226,317 tCOâ‚‚e(49.75%)
  • Processing of Sold Products (Cat. 10): 100,738 tCOâ‚‚e(22.14%)
  • Upstream Transportation and Distribution (Cat. 4): 61,645 tCOâ‚‚e(13.55%)

Borregaard's Scope 3 Emissions by Categories

Purchased Goods andServices (Cat. 1)(49.7%)UpstreamTransportation andDistribution(Cat. 4)(13.6%)Processing of SoldProducts (Cat. 10)(22.1%)

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

In 2024, Borregaard reported Scope 1 greenhouse gas (GHG) emissions of 120,312 tCOâ‚‚e and total revenues of USD 662 millions. This translates into an emissions intensity of 181.84 tCOâ‚‚e per millions USD.a

Borregaard's Scope 1 Emissions Intensity Compared to Peers

2050010,000500,00010,000,000Scope 1 Emissions (tCO2e)502005002,0005,000Revenues (Millions of USD)HAKNHHHuabao International HoldingsYear: 2023Scope 1: 7,065 tCO2eRevenue: $M 509Scope 1 Intensity: 13.89 tCO2e/$MGNMIYear: 2023Scope 1: 53 tCO2eRevenue: $M 164Scope 1 Intensity: 0.32 tCO2e/$MNan Pao Resins ChemicalYear: 2022Scope 1: 10,229 tCO2eRevenue: $M 716Scope 1 Intensity: 14.29 tCO2e/$MAAAvia AvianYear: 2024Scope 1: 2,680 tCO2eRevenue: $M 464Scope 1 Intensity: 5.77 tCO2e/$MEssentraYear: 2024Scope 1: 2,783 tCO2eRevenue: $M 379Scope 1 Intensity: 7.33 tCO2e/$MKKKB ComponentsYear: 2024Scope 1: 51 tCO2eRevenue: $M 247Scope 1 Intensity: 0.21 tCO2e/$MAlzchem GroupYear: 2024Scope 1: 102,919 tCO2eRevenue: $M 577Scope 1 Intensity: 178.45 tCO2e/$MEastern Polymer GroupYear: 2023Scope 1: 1,827 tCO2eRevenue: $M 355Scope 1 Intensity: 5.15 tCO2e/$MElementisYear: 2024Scope 1: 48,889 tCO2eRevenue: $M 549Scope 1 Intensity: 89.08 tCO2e/$MPolyplex Thailand PCLYear: 2023Scope 1: 25,866 tCO2eRevenue: $M 770Scope 1 Intensity: 33.58 tCO2e/$MGujarat FluorochemicalsYear: 2025Scope 1: 709,492 tCO2eRevenue: $M 554Scope 1 Intensity: 1,279.70 tCO2e/$MEPC GroupeYear: 2024Scope 1: 20,080 tCO2eRevenue: $M 510Scope 1 Intensity: 39.37 tCO2e/$MNNNantex IndustryYear: 2023Scope 1: 1,378 tCO2eRevenue: $M 291Scope 1 Intensity: 4.73 tCO2e/$MHartalega HoldingsYear: 2025Scope 1: 505,119 tCO2eRevenue: $M 583Scope 1 Intensity: 866.89 tCO2e/$MHexpolYear: 2024Scope 1: 18,918 tCO2eRevenue: $M 1,855Scope 1 Intensity: 10.20 tCO2e/$MSOLYear: 2024Scope 1: 59,050 tCO2eRevenue: $M 1,676Scope 1 Intensity: 35.24 tCO2e/$MPidilite IndustriesYear: 2025Scope 1: 8,690 tCO2eRevenue: $M 1,532Scope 1 Intensity: 5.67 tCO2e/$MCorbionYear: 2024Scope 1: 58,069 tCO2eRevenue: $M 1,340Scope 1 Intensity: 43.32 tCO2e/$MTokai CarbonYear: 2024Scope 1: 1,745,000 tCO2eRevenue: $M 2,230Scope 1 Intensity: 782.48 tCO2e/$MSolar Industries IndiaYear: 2024Scope 1: 49,286 tCO2eRevenue: $M 709Scope 1 Intensity: 69.56 tCO2e/$MSumitomo BakeliteYear: 2024Scope 1: 79,067 tCO2eRevenue: $M 1,897Scope 1 Intensity: 41.68 tCO2e/$MAECIYear: 2024Scope 1: 199,708 tCO2eRevenue: $M 1,781Scope 1 Intensity: 112.12 tCO2e/$MAshland IncYear: 2023Scope 1: 288,176 tCO2eRevenue: $M 2,191Scope 1 Intensity: 131.53 tCO2e/$MElkemYear: 2024Scope 1: 2,030,000 tCO2eRevenue: $M 1,571Scope 1 Intensity: 1,292.46 tCO2e/$MBorregaardYear: 2024Scope 1: 120,312 tCO2eRevenue: $M 662Scope 1 Intensity: 181.84 tCO2e/$M

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

In 2024, Borregaard reported a Scope 1 emissions intensity of 181.84 tCOâ‚‚e per millions USD. Compared to the peer group median of 37.3, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a

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

In 2024, Borregaard ranked 21 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a

This places Borregaard among the least efficient performers, with one of the highest emissions intensities in its sector.a

Insights into Borregaard's Total Carbon Footprint

In 2024, Borregaard reported a total carbon footprint of 670,081 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 10.27% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a

The largest contributor to Borregaard's total carbon footprint was Scope 3 emissions, accounting for 72.72% of the company's total carbon footprint, followed by Scope 1 emissions at 17.95%.a

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