GlobalData offers a comprehensive analysis of AAK, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on AAK‘s ESG performance. GlobalData’s company profile on AAK offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
AAK, a global provider of vegetable oils and fats, is taking steps to reduce its GHG emissions as part of its sustainable development strategy. Scope 1 emissions refer to direct emissions from AAK's operations, scope 2 emissions include indirect emissions from purchased electricity, and scope 3 emissions encompass all other indirect emissions from the company's value chain.
In 2022, AAK generated 343,936 metric tonnes of CO₂e including Scope 1 and 2 emissions. Scope 1 emissions increased with 2.4% (6,769 metric tonnes) and the Scope 2 emissions had decreased by 9.5% (7,095 metric tonnes). The company has taken significant steps to reduce its carcon emissions these steps include embedding policy commitments, implementing processes to remediate negative impacts, and complying with laws and regulations. AAK also engages with stakeholders, seeks advice, and addresses concerns related to its emissions reduction efforts.
To further reduce emissions, AAK has made investments in sustainable practices and technologies. The company focuses on sourcing raw materials sustainably and has supplier commitments to avoid deforestation, peat, and exploitation.
In conclusion, AAK is committed to reduce its carbon emissions across all scopes. The company has implemented various measures to address its environmental impact, including sustainable sourcing, supplier commitments, and employee development. AAK's efforts align with its sustainable development strategy and demonstrate its commitment to responsible business conduct.