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BioMar doubles down on its net-zero pathway

BioMar has announced its commitment to the 1.5°C pathway for reducing carbon emissions under the Science Based Targets Initiative (SBTi) in its latest Integrated Sustainability Report – making it the first global aquafeed supplier to adopt the standard.

The Fish Site
by The Fish Site
27 June 2022, at 9:35am
Sustainability report
BioMar has become the first global aquafeed supplier to commit to ambitious GHG emissions reduction targets following 1.5°C pathway

To make these reductions a reality, BioMar has developed a long term masterplan focusing on operations and broader supply chain partners to create innovative solutions that make sustainability profitable. © BioMar

The IPCC has stated that greenhouse gas (GHG) emissions need to halve by 2030 and reach net-zero by 2050 to avoid the worst effects of climate change. To achieve this vision, private and public entities must follow an alignment of reductions to keep global warming to less than 1.5°C.

“As aquaculture feed represents around 80 percent of the carbon footprint of farming, it is essential to our farmers that BioMar makes a strong commitment and accelerates the drive to net-zero. In this year’s Sustainability Report, we lay out in detail our reduction pathway while disclosing where we are today. We thoroughly explain the robust scientific methodologies and reporting systems that we are using,” stated Vidar Gundersen, global sustainability director, BioMar.

In last year’s Sustainability Report, BioMar announced an ambition to reduce GHG emissions by one-third by 2030. To make this reduction a reality, BioMar has developed a long-term master plan focusing on operations and broader supply chain partners to create innovative solutions that allow us to reach our reduction targets. The new report states that in scope 1 and 2, a 4.2 percent year-on-year absolute GHG emissions reduction target will be achieved, while a 30 percent reduction in scope 3 is required.

Vidar Fundersen headshot
Vidar Gundersen serves as the global sustainability director for BioMar

© BioMar

The SBTi is a programme for driving and validating ambitious GHG reductions in the private sector. More than 2,200 organisations have committed to the SBTi, representing one-third of the global market capitalisation.

Circularity and restorative practices are the themes for this year’s Sustainability Report with numerous examples of upcycling and novel ingredients that will play a major role in the sustainable future of the aquaculture industry. BioMar has a strong focus on people and communities in this year’s report. Together with the launch of the new 2030 ambitions and a revised Code of Conduct, a strong commitment has been made in the areas of responsible pay, capacity building and diversity and equality.

Click here to read the Global Sustainability Report.