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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Total Scope 2
Market-Based
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Location-Based
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Unspecified Calculation Method
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0000000
Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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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 of P/F Bakkafrost amounted to 153,167 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 P/F Bakkafrost decreased 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 CO₂ equivalent (tCO₂e). 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 tCO₂e using the market-based method and 29,328 tCO₂e 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 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 P/F Bakkafrost includes a breakdown across 13 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

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 CO₂ equivalent (tCO₂e). 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 emissions have 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 tCO₂e (35.74%)
  • Downstream Transportation and Distribution (Cat. 9): 110,117 tCO₂e (19.94%)
  • Upstream Transportation and Distribution (Cat. 4): 92,109 tCO₂e (16.68%)

P/F Bakkafrost's Scope 3 Emissions by Categories

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

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 tCO₂e and total revenues of USD 1,582 millions. This translates into an emissions intensity of 78.26 tCO₂e per millions USD. a

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

505,000500,00050,000,000Scope 1 Emissions (tCO2e)101001,00010,000200,000Revenues (Millions of USD)TMWAustevoll SeafoodYear: 2024Scope 1: 265,331 tCO2eRevenue: $M 3,119Scope 1 Intensity: 85.07 tCO2e/$MGolden Agri-ResourcesYear: 2023Scope 1: 7,270,140 tCO2eRevenue: $M 12,498Scope 1 Intensity: 581.68 tCO2e/$MSawit Sumbermas SaranaYear: 2023Scope 1: 331,484 tCO2eRevenue: $M 694Scope 1 Intensity: 477.71 tCO2e/$MUnited PlantationsYear: 2024Scope 1: 1 tCO2eRevenue: $M 488Scope 1 Intensity: 0.00 tCO2e/$MTTTaiwan TeaYear: 2021Scope 1: 518,387 tCO2eRevenue: $M 13Scope 1 Intensity: 38,924.11 tCO2e/$MMMM P Evans GroupYear: 2024Scope 1: 199,700 tCO2eRevenue: $M 261Scope 1 Intensity: 764.70 tCO2e/$MTyson FoodsYear: 2022Scope 1: 3,561,979 tCO2eRevenue: $M 53,282Scope 1 Intensity: 66.85 tCO2e/$MJapfa Comfeed IndonesiaYear: 2024Scope 1: 89,754 tCO2eRevenue: $M 3,469Scope 1 Intensity: 25.87 tCO2e/$MQL ResourcesYear: 2025Scope 1: 38,629 tCO2eRevenue: $M 1,594Scope 1 Intensity: 24.23 tCO2e/$MMinervaYear: 2023Scope 1: 337,935 tCO2eRevenue: $M 5,544Scope 1 Intensity: 60.95 tCO2e/$MDBN GroupYear: 2024Scope 1: 199,715 tCO2eRevenue: $M 3,942Scope 1 Intensity: 50.67 tCO2e/$MNew Hope LiuheYear: 2024Scope 1: 264,592 tCO2eRevenue: $M 14,122Scope 1 Intensity: 18.74 tCO2e/$MGrieg SeafoodYear: 2024Scope 1: 34,233 tCO2eRevenue: $M 651Scope 1 Intensity: 52.59 tCO2e/$MCal-Maine FoodsYear: 2023Scope 1: 151,109 tCO2eRevenue: $M 3,146Scope 1 Intensity: 48.03 tCO2e/$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: 2023Scope 1: 1,946,733 tCO2eRevenue: $M 2,071Scope 1 Intensity: 939.95 tCO2e/$MRicegrowersYear: 2024Scope 1: 34 tCO2eRevenue: $M 1,214Scope 1 Intensity: 0.03 tCO2e/$MMuyuan FoodsYear: 2024Scope 1: 5,668,500 tCO2eRevenue: $M 18,902Scope 1 Intensity: 299.89 tCO2e/$MSLC AgricolaYear: 2024Scope 1: 1,032,866 tCO2eRevenue: $M 1,263Scope 1 Intensity: 817.69 tCO2e/$MCharoen Pokphand FoodsYear: 2024Scope 1: 290,193 tCO2eRevenue: $M 16,914Scope 1 Intensity: 17.16 tCO2e/$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 tCO₂e per millions USD. Compared to the peer group median of 60.95 , 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 21 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e 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 CO₂ equivalent (tCO₂e) 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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