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SalMar ASA

Common Name
SalMar
Country
Norway
Sector
Consumer Defensive
Industry
Farm Products
Employees
3,073
Ticker
SALM
Exchange
OSLO BORS
Description
SalMar ASA is an international fish farming company headquartered in Norway, primarily engaged in the production of farmed salmon. As one of the world's leading producers of farm-raised salmon, SalMar...

SalMar's GHG Emissions Data Preview

In 2024, SalMar 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).

SalMar 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)2024202320222021 - 2017
Total Scope 1
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a
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a
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a
0000000
Total Scope 2
Market-Based
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b
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c
0000000
Location-Based
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a
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a
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a
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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a
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a
0000000
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Verified Sources Behind SalMar’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 SalMar’s data sources below and access millions more through our Disclosure Search.

a. SalMar's Annual Report 2024
a. SalMar's Annual Report 2024
b. SalMar's Annual Report 2023
b. SalMar's Annual Report 2023
c. SalMar's Annual Report 2022
c. SalMar's Annual Report 2022

Insights into SalMar's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions ofSalMar amounted to32,264metric 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 SalMarincreased by 4.05%, suggesting that the company faced challenges in reducing its emissions from its core operations.a

SalMar's Scope 1 Emissions Over Time

2020202120222023202407.5 k15 k22.5 k30 ktCO2e+4%-4%-3%+1%
  • Total Scope 1
  • Year-over-Year Change

What are SalMar's Scope 1 emissions?

In 2024, the total Scope 1 emissions of SalMar were 27,887 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Has SalMar reduced its Scope 1 emissions over time?

Since 2020, SalMar's Scope 1 emissions have decreased by 2.8%, reflecting a declining long-term trend in Scope 1 emissions over time.a

Compared to the previous year(2023), SalMar's Scope 1 emissions increased by 1.49%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a

What are SalMar's Scope 2 emissions?

In 2024, SalMar reported Scope 2 greenhouse gas (GHG) emissions of 4,377 tCOâ‚‚e using the location-based method.a

Has SalMar reduced its Scope 2 emissions over time?

Since 2020, SalMar's Scope 2 greenhouse gas (GHG) emissions (Location-Based)have increased by 30.27%, reflecting a rising long-term trend in Scope 2 emissions over time.a

Compared to the previous year(2023), SalMar's Scope 2 emissions(Location-Based) rose by 23.96% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya

What methodology does SalMar use for Scope 2 reporting?

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

SalMar's Scope 2 Emissions Over Time

20202021202220232024015 k30 k45 k60 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into SalMar's Value Chain Emissions

In 2024, SalMar reported 1,166,194 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 SalMar includes a breakdown across 5of 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

SalMar's Scope 3 Emissions Over Time

202020212022202320240400 k800 k1.2 M1.6 MtCO2e-10%-13%+5%-11%
  • Total Scope 3
  • Year-over-Year Change

What are SalMar's Scope 3 emissions?

In 2024, SalMar reported total Scope 3 emissions of 1,166,194 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).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

Has SalMar reduced its Scope 3 emissions over time?

Since 2020, SalMar's Scope 3 emissionshave decreased by 25.89%, reflecting a declining long-term trend in Scope 3 emissions over time.ab

Compared to the previous year (2023), SalMar's Scope 3 emissions decreased by 10.99%, highlighting the company's efforts to lower indirect emissions from its value chain.a

What categories of Scope 3 emissions does SalMar disclose?

In 2024, SalMar 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.

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

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

  • Purchased Goods and Services (Cat. 1): 587,733 tCOâ‚‚e(50.4%)
  • Upstream Transportation and Distribution (Cat. 4): 567,307 tCOâ‚‚e(48.65%)
  • Fuel- and Energy-Related Services (Cat. 3): 9,401 tCOâ‚‚e(0.81%)

SalMar's Scope 3 Emissions by Categories

UpstreamTransportation andDistribution(Cat. 4)(48.6%)Purchased Goods andServices (Cat. 1)(50.4%)

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

In 2024, SalMar reported Scope 1 greenhouse gas (GHG) emissions of 27,887 tCOâ‚‚e and total revenues of USD 2,321 millions. This translates into an emissions intensity of 12.01 tCOâ‚‚e per millions USD.a

SalMar's Scope 1 Emissions Intensity Compared to Peers

2050020,0001,000,00020,000,000Scope 1 Emissions (tCO2e)505005,00020,000200,000Revenues (Millions of USD)GDWMBunge GlobalYear: 2024Scope 1: 1,665,988 tCO2eRevenue: $M 53,108Scope 1 Intensity: 31.37 tCO2e/$MCharoen Pokphand IndonesiaYear: 2024Scope 1: 184,365 tCO2eRevenue: $M 4,195Scope 1 Intensity: 43.95 tCO2e/$MAustevoll SeafoodYear: 2024Scope 1: 265,331 tCO2eRevenue: $M 3,119Scope 1 Intensity: 85.07 tCO2e/$MGGGraincorpYear: 2025Scope 1: 54,254 tCO2eRevenue: $M 4,821Scope 1 Intensity: 11.25 tCO2e/$MMowiYear: 2024Scope 1: 139,739 tCO2eRevenue: $M 66,986Scope 1 Intensity: 2.09 tCO2e/$MJapfa Comfeed IndonesiaYear: 2024Scope 1: 89,754 tCO2eRevenue: $M 3,469Scope 1 Intensity: 25.87 tCO2e/$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: $M 1,214Scope 1 Intensity: 0.03 tCO2e/$MMuyuan FoodsYear: 2024Scope 1: 5,668,500 tCO2eRevenue: $M 18,902Scope 1 Intensity: 299.89 tCO2e/$MFresh Del Monte ProduceYear: 2024Scope 1: 799,054 tCO2eRevenue: $M 4,280Scope 1 Intensity: 186.69 tCO2e/$MMMMhpYear: 2024Scope 1: 578,534 tCO2eRevenue: $M 3,046Scope 1 Intensity: 189.93 tCO2e/$MBrasilAgroYear: 2024Scope 1: 155,910 tCO2eRevenue: $M 185Scope 1 Intensity: 842.08 tCO2e/$MSLC AgricolaYear: 2024Scope 1: 1,032,866 tCO2eRevenue: $M 1,263Scope 1 Intensity: 817.69 tCO2e/$MSalMarYear: 2024Scope 1: 27,887 tCO2eRevenue: $M 2,321Scope 1 Intensity: 12.01 tCO2e/$M

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

In 2024, SalMar reported a Scope 1 emissions intensity of 12.01 tCOâ‚‚e per millions USD. Compared to the peer group median of 68.83, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a

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

In 2024, SalMar ranked 4 out of 22 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a

This places SalMar among the top performers, with one of the lowest emissions intensities relative to peers.a

Insights into SalMar's Total Carbon Footprint

In 2024, SalMar reported a total carbon footprint of 1,198,458 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 10.64% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a

The largest contributor to SalMar's total carbon footprint was Scope 3 emissions, accounting for 97.31% of the company's total carbon footprint, followed by Scope 1 emissions at 2.33%.a

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