In 2024, Oatly Group 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).
Oatly Group has also provided a category-level breakdown for 5 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 9,654a | 7,284a | N/A | |
Total Scope 2 | ||||
Market-Based | 3,791a | 4,613a | N/A | |
Location-Based | 19,345a | N/A | N/A | |
Total Scope 3 | 305,718a | 232,157a | N/A | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 11.7208a | 9.2985a | N/A |
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In 2024, the total operational greenhouse gas (GHG) emissions of Oatly Group amounted to 28,999 metric 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 Oatly Group increased by 143.75%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of Oatly Group were 9,654 metric tons of CO₂ equivalent (tCO₂e).a
Since 2020, Oatly Group's Scope 1 emissions have increased by 126.62%, reflecting a rising long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2023), Oatly Group's Scope 1 emissions increased by 32.54%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, Oatly Group reported Scope 2 greenhouse gas (GHG) emissions of 3,791 tCO₂e using the market-based method and 19,345 tCO₂e using the location-based method.a
In 2024, Oatly Group reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Oatly Group reported 305,718 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Oatly Group includes a breakdown across 5 of 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
In 2024, Oatly Group reported total Scope 3 emissions of 305,718 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2020, Oatly Group's Scope 3 emissions have increased by 101.52%, reflecting a rising long-term trend in Scope 3 emissions over time.a
Compared to the previous year (2023), Oatly Group's Scope 3 emissions increased by 31.69%, suggesting that the company faced challenges in reducing emissions across its value chain.a
In 2024, Oatly Group reported emissions for 5 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.
In 2024, the largest contributors to Oatly Group's Scope 3 emissions were:a
In 2024, Oatly Group reported Scope 1 greenhouse gas (GHG) emissions of 9,654 tCO₂e and total revenues of USD 824 millions. This translates into an emissions intensity of 11.72 tCO₂e per millions USD.a
In 2024, Oatly Group reported a Scope 1 emissions intensity of 11.72 tCO₂e per millions USD. Compared to the peer group median of 15.49, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Oatly Group ranked 8 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Oatly Group is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Oatly Group reported a total carbon footprint of 334,717 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 37.15% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Oatly Group's total carbon footprint was Scope 3 emissions, accounting for 91.34% of the company's total carbon footprint, followed by Scope 2 emissions at 5.78%.a