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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 GHG Emissions Data Preview

In 2024, P/F Bakkafrost 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).

P/F Bakkafrost has also provided a category-level breakdown for 13 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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a
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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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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 P/F Bakkafrost’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 P/F Bakkafrost’s data sources below and access millions more through our Disclosure Search.

a. P/F Bakkafrost's Integrated Report 2024
a. P/F Bakkafrost's Integrated Report 2024
b. P/F Bakkafrost's Annual Report 2023
b. P/F Bakkafrost's Annual Report 2023

Insights into P/F Bakkafrost's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions ofP/F Bakkafrost amounted to153,167metric 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 P/F Bakkafrostdecreased by 5.53%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a

P/F Bakkafrost's Scope 1 Emissions Over Time

20202021202220232024035 k70 k105 k140 ktCO2e-15%+25%+37%-4%
  • Total Scope 1
  • Year-over-Year Change

What are P/F Bakkafrost's Scope 1 emissions?

In 2024, the total Scope 1 emissions of P/F Bakkafrost were 123,839 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Has P/F Bakkafrost reduced its Scope 1 emissions over time?

Since 2020, P/F Bakkafrost's Scope 1 emissions have increased by 38.98%, reflecting a rising long-term trend in Scope 1 emissions over time.a

Compared to the previous year(2023), P/F Bakkafrost's Scope 1 emissions decreased by 4.1%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a

What are P/F Bakkafrost's Scope 2 emissions?

In 2024, P/F Bakkafrost reported Scope 2 greenhouse gas (GHG) emissions of 29,165 tCOâ‚‚e using the market-based method and 29,328 tCOâ‚‚e using the location-based method.a

Has P/F Bakkafrost reduced its Scope 2 emissions over time?

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

Compared to the previous year(2023), P/F Bakkafrost's Scope 2 emissions(Location-Based) fell by 11.12% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a

What methodology does P/F Bakkafrost use for Scope 2 reporting?

In 2024, P/F Bakkafrost reported its Scope 2 emissions using the market-based method and using the location-based method.a

P/F Bakkafrost's Scope 2 Emissions Over Time

2020202120222023202408.5 k17 k25.5 k34 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based
  • Total Scope 2 (Unspecified Calculation Method)

Insights into P/F Bakkafrost's Value Chain Emissions

In 2024, P/F Bakkafrost reported 552,247 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 P/F Bakkafrost includes a breakdown across 13of 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

P/F Bakkafrost's Scope 3 Emissions Over Time

202020212022202320240150 k300 k450 k600 ktCO2e-17%+1%+18%+9%
  • Total Scope 3
  • Year-over-Year Change

What are P/F Bakkafrost's Scope 3 emissions?

In 2024, P/F Bakkafrost reported total Scope 3 emissions of 552,247 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Approximately 85.47%of these emissions originated from upstream activities such as purchased goods and capital goods, while 14.53%came from downstream activities like product use, distribution, and end-of-life treatment.a

Has P/F Bakkafrost reduced its Scope 3 emissions over time?

Since 2020, P/F Bakkafrost's Scope 3 emissionshave remained relatively stable, indicating that P/F Bakkafrost's emissions have plateaued with no significant change in its value chain footprint.a

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

What categories of Scope 3 emissions does P/F Bakkafrost disclose?

In 2024, P/F Bakkafrost reported emissions for 13 out of the 15 Scope 3 categories defined by the GHG Protocol.a

This reflects a high level of granularity and transparency in the company's emissions reporting.

What are the main sources of P/F Bakkafrost's Scope 3 emissions?

In 2024, the largest contributors to P/F Bakkafrost's Scope 3 emissions were:a

  • Purchased Goods and Services (Cat. 1): 197,374 tCOâ‚‚e(35.74%)
  • Downstream Transportation and Distribution (Cat. 9): 110,117 tCOâ‚‚e(19.94%)
  • Upstream Transportation and Distribution (Cat. 4): 92,109 tCOâ‚‚e(16.68%)

P/F Bakkafrost's Scope 3 Emissions by Categories

Purchased Goods andServices (Cat. 1)(35.7%)UpstreamTransportation andDistribution(Cat. 4)(16.7%)DownstreamTransportation andDistribution(Cat. 9)(19.9%)

Insights into P/F Bakkafrost’s GHG Emissions Intensity Compared to Industry Peers

In 2024, P/F Bakkafrost reported Scope 1 greenhouse gas (GHG) emissions of 123,839 tCOâ‚‚e and total revenues of USD 1,582 millions. This translates into an emissions intensity of 78.26 tCOâ‚‚e per millions USD.a

P/F Bakkafrost's Scope 1 Emissions Intensity Compared to Peers

505,000500,00020,000,000Scope 1 Emissions (tCO2e)505002,00020,000200,000Revenues (Millions of USD)DWMAustevoll SeafoodYear: 2024Scope 1: 265,331 tCO2eRevenue: $M 3,119Scope 1 Intensity: 85.07 tCO2e/$MGolden Agri-ResourcesYear: 2024Scope 1: 7,027,638 tCO2eRevenue: $M 13,976Scope 1 Intensity: 502.83 tCO2e/$MUnited PlantationsYear: 2024Scope 1: 1 tCO2eRevenue: $M 488Scope 1 Intensity: 0.00 tCO2e/$MInghams GroupYear: 2024Scope 1: 55,688 tCO2eRevenue: $M 2,176Scope 1 Intensity: 25.59 tCO2e/$MBFYear: 2024Scope 1: 27,792 tCO2eRevenue: $M 1,564Scope 1 Intensity: 17.77 tCO2e/$MMowiYear: 2024Scope 1: 139,739 tCO2eRevenue: $M 66,986Scope 1 Intensity: 2.09 tCO2e/$MJapfa Comfeed IndonesiaYear: 2024Scope 1: 89,754 tCO2eRevenue: $M 3,469Scope 1 Intensity: 25.87 tCO2e/$MR E A HoldingsYear: 2024Scope 1: 417,105 tCO2eRevenue: $M 140Scope 1 Intensity: 2,985.52 tCO2e/$MQL ResourcesYear: 2025Scope 1: 38,629 tCO2eRevenue: $M 1,594Scope 1 Intensity: 24.23 tCO2e/$MMinervaYear: 2024Scope 1: 445,204 tCO2eRevenue: $M 5,515Scope 1 Intensity: 80.73 tCO2e/$MDBN GroupYear: 2024Scope 1: 199,715 tCO2eRevenue: $M 3,942Scope 1 Intensity: 50.67 tCO2e/$MNew Hope LiuheYear: 2024Scope 1: 264,592 tCO2eRevenue: $M 14,122Scope 1 Intensity: 18.74 tCO2e/$MSmithfield FoodsYear: 2024Scope 1: 2,179,135 tCO2eRevenue: $M 14,142Scope 1 Intensity: 154.09 tCO2e/$MGrieg SeafoodYear: 2024Scope 1: 34,233 tCO2eRevenue: $M 651Scope 1 Intensity: 52.59 tCO2e/$MDDDoleYear: 2023Scope 1: 795,999 tCO2eRevenue: $M 8,245Scope 1 Intensity: 96.54 tCO2e/$MSociete LDCYear: 2024Scope 1: 223,103 tCO2eRevenue: $M 6,718Scope 1 Intensity: 33.21 tCO2e/$MCal-Maine FoodsYear: 2024Scope 1: 204,586 tCO2eRevenue: $M 2,326Scope 1 Intensity: 87.94 tCO2e/$MWWWens Foodstuff GroupYear: 2024Scope 1: 194,368 tCO2eRevenue: $M 14,377Scope 1 Intensity: 13.52 tCO2e/$MLonsumYear: 2023Scope 1: 1,492,000 tCO2eRevenue: $M 272Scope 1 Intensity: 5,492.76 tCO2e/$MChina Modern Dairy HoldingsYear: 2024Scope 1: 2,227,503 tCO2eRevenue: $M 1,986Scope 1 Intensity: 1,121.43 tCO2e/$MRicegrowersYear: 2024Scope 1: 34 tCO2eRevenue: $M 1,214Scope 1 Intensity: 0.03 tCO2e/$MMMMhpYear: 2024Scope 1: 578,534 tCO2eRevenue: $M 3,046Scope 1 Intensity: 189.93 tCO2e/$MSLC AgricolaYear: 2024Scope 1: 1,032,866 tCO2eRevenue: $M 1,263Scope 1 Intensity: 817.69 tCO2e/$MP/F BakkafrostYear: 2024Scope 1: 123,839 tCO2eRevenue: $M 1,582Scope 1 Intensity: 78.26 tCO2e/$M

How does P/F Bakkafrost's GHG emissions intensity compare to its peers?

In 2024, P/F Bakkafrost reported a Scope 1 emissions intensity of 78.26 tCOâ‚‚e per millions USD. Compared to the peer group median of 52.59, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a

Where does P/F Bakkafrost rank on GHG emissions intensity within its industry?

In 2024, P/F Bakkafrost ranked 13 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a

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

Insights into P/F Bakkafrost's Total Carbon Footprint

In 2024, P/F Bakkafrost reported a total carbon footprint of 705,414 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 5.55% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a

The largest contributor to P/F Bakkafrost's total carbon footprint was Scope 3 emissions, accounting for 78.29% of the company's total carbon footprint, followed by Scope 1 emissions at 17.56%.a

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