June 27, 2022

BioMar commits to most ambitious pathway toward net-zero

BioMar announced its commitment to a '1.5°C' pathway for reducing carbon emissions in its recently launched Integrated Sustainability Report.

The company said it is the first global aquafeed supplier to adopt the 1.5°C pathway toward net-zero under the Science Based Targets initiative (SBTi).

The United Nations' Intergovernmental Panel on Climate Change (IPCC) stated that greenhouse gas (GHG) emissions need to be halved 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% 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," said Vidar Gundersen, global sustainability director at BioMar. "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."

In last year's 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 the company to reach its reduction targets.

This year's report stated that, in scope 1 and 2, a 4.2% year-on-year absolute GHG emissions reduction target will be achieved, while a 30% reduction in scope 3 is required.

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, the company said.

- BioMar