GlobalData offers a comprehensive analysis of BioMar Group, 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 BioMar Group‘s ESG performance. GlobalData’s company profile on BioMar Group 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.
BioMar Group, a global leader in sustainable aquaculture feed, is committed to reduce its greenhouse gas (GHG) emissions. In 2022, BioMar total feed greenhouse gas footprint is 2.08 tonnes of CO2 per tonne of feed, reflecting a 5.5% reduction from the baseline established in 2020. The company's Scope 1 and 2 Science-Based Target Initiative (SBTi) reported a reduction of 7.6% from 2021 and an impressive decrease of 15.9% from the baseline established in 2020, while Scope 3 SBTi reported a reduction of 1.6% from baseline 2021. The company aims to achieve a 1/3 reduction in BioMar's total feed greenhouse gas footprint by 2030. The company aims to achieve carbon neutrality within its own operations for Scope 1 and 2 emissions by 2045, with the baseline set in 2020. Additionally, the company has set a goal of achieving a 4.2% year-on-year reduction in absolute greenhouse gas emissions for Scope 1 and 2.
In 2022, the total greenhouse gas emissions reported were 84,477 metric tons of CO2e for Location Based and 66,918 metric tons of CO2e for Market Based calculations. BioMar Group has taken steps to reduce its emissions and has decarbonized its electricity sources, implemented low-emission boiler technologies, and worked with suppliers to cut raw material emissions. It has also focused on water consumption reduction and responsible consumption policies to minimize waste and carbon emissions. The company has made investments in sustainability, such as using recycled materials for furniture and playgrounds and partnering with local communities for climate action and restoration projects. The company follows a cradle-to-gate assessment methodology to measure the environmental impacts of its feed production. It also discloses its scope 3 emissions breakdown, which includes emissions from marine oils, transport, plant ingredients, LAPs/PAPs, plant oils, and microingredients.
In conclusion, BioMar Group is committed to reduce its GHG emissions and has taken steps to reduce its emissions and has achieved a reduction in its feed carbon footprint. BioMar Group's sustainability efforts extend beyond emissions reduction, including water consumption reduction and responsible consumption policies.