April 21, 2023

BioMar's carbon targets approved as most ambitious

At the launch of BioMar's Sustainability Report on April 19, the group announced that it became the first aquafeed company to have its ambitious carbon reduction targets independently validated to meet the 1.5°C trajectory.

This is currently the most ambitious designation available through the Science Based Targets Initiative (SBTi) process.

"As around 80% of the carbon emissions of aquaculture farming come from the feed, our customers expect BioMar to take ambitious steps quickly to reduce our emissions," said Vidar Gundersen, global sustainability director at BioMar Group.

BioMar's 2022 Sustainability Report outlines the ambitious reduction targets validated by the SBTi initiative. In 2022, the total reduction was at 5.5% from the commitment to reduce emissions by one-third by 2030.

Together with suppliers, BioMar launched improvement programmes to reduce environmental impacts and increase circular and restorative practices, as most of aquafeed's carbon footprint comprises of Scope 3 emissions related to the raw materials.

"Applied, science-based sustainability is a mantra at BioMar, and data quality is key," said Gundersen. "We have skilled global and local teams working with cutting-edge tools and methodologies for optimised sustainability solutions. We will all reach our targets sooner by collaborating together through the value chain."

Last year, BioMar turned 60 years and celebrated this milestone by undertaking environmental and social community projects across the group. These are showcased in the report along with a new corporate strategy.

"We undertook the biggest strategy process in the history of BioMar. An outcome of our new strategy is to go beyond feed and, hopefully, pave the way for BioMar to become an even better solutions provider," said Carlos Diaz, chief executive officer of BioMar Group. "Our new strategy, "ABOVE & BEYOND," will guide our actions and initiatives until 2028. It is an ambitious strategy with exciting opportunities, and sustainability is no longer just a part of the strategy – it is the strategy."

- BioMar