P/F Bakkafrost

Country
Faroe Islands
Sector
Consumer Defensive
Industry
Farm Products
Employees
1,600
Ticker
BAKKA
Exchange
OSLO BORS
Description
Bakkafrost P/F is a leading salmon farming company based in the Faroe Islands, known for its full integration of production processes from hatcheries to value-added sales. The primary function of Bakk...

P/F Bakkafrost's Climate Target Data Preview

As of 2024, P/F Bakkafrost has disclosed 2 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 1 absolute reduction target and 1 intensity-based target target, signaling the company’s commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into P/F Bakkafrost ’s climate strategy, ambition level, and alignment with global decarbonization goals.

Target TypeScope of TargetUnitTargetTarget Year
Absolute-based Target
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
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a
2030
Intensity-based Target
Scope 3 - Purchased Goods and Services (Cat. 1), Scope 3 - Fuel- and Energy-Related Services (Cat. 3), Scope 3 - Upstream Transportation and Distribution (Cat. 4), Scope 3 - Downstream Transportation and Distribution (Cat. 9), Scope 3 - Waste Generated in Operations (Cat. 5), Scope 3 - Business Travel (Cat. 6), Scope 3 - Employee Commuting (Cat. 7), Scope 3 - End-of-Life Treatment of Sold Products (Cat. 12)
Metric Tonnes of CO2 equivalent (mtCO2e) per Metric Tonne (mt) of Unspecified Product Sold/Delivered
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a
2030
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Verified Sources Behind P/F Bakkafrost’s Climate Targets Data

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a. P/F Bakkafrost's Integrated Report 2024
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Insights into P/F Bakkafrost's Greenhouse Gas Emissions Pathways

As of 2024, P/F Bakkafrost has set greenhouse gas (GHG) emissions reduction targets that cover both its operational emissions (Scope 1 and 2) and value chain emissions (Scope 3), offering a comprehensive view of its total carbon footprint. a

Does P/F Bakkafrost have a target to reduce the emissions from its operations?

As of 2024, P/F Bakkafrost has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources. a

P/F Bakkafrost's most ambitious operational target is to reduce these emissions by 50% by 2030, compared to a baseline of 119,061 Metric Tonnes of CO2 equivalent (mtCO2e) in 2020. a

Instead of reducing operational emissions, P/F Bakkafrost has increased them, with 2024 levels exceeding those of the 2020 baseline, placing the company well behind its reduction target. a

P/F Bakkafrost's Operational (Scope 1+2) Emissions Pathway

202020242030040 k80 k120 k160 kBaselineCurrent (+28%)Target 2030 (-50%)

Does P/F Bakkafrost have a target to reduce the emissions from its value chain?

As of 2024, P/F Bakkafrost has set a target to reduce its value chain greenhouse gas (GHG) emissions, covering 8 out of the 15 Scope 3 categories defined by the GHG Protocol. a

P/F Bakkafrost's most ambitious value chain target is to reduce these emissions by 52% by 2030, compared to a baseline of 2.67 Metric Tonnes of CO2 equivalent (mtCO2e) per Metric Tonne (mt) of Unspecified Product Sold/Delivered in 2020. a

As of 2024, P/F Bakkafrost is lagging behind on its value chain emissions reduction target, having achieved 0.48% of the planned reduction. a

P/F Bakkafrost's Value Chain (Scope 3) Emissions Pathway

20202024203000.71.42.12.8Current (-0%)Target 2030 (-52%)
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