GlobalData offers a comprehensive analysis of Valio, 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 Valio’s ESG performance. GlobalData’s company profile on Valio 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.
Smarter leaders trust GlobalData
Valio, a Finnish dairy company, has set net-zero targets for its greenhouse gas (GHG) emissions. The company aims to achieve carbon footprint of milk to zero by 2035. Valio has set ambitious targets for reducing its climate impacts. By 2025, the aim is to decrease the climate impacts of Valio dairy farms by 30%. Looking ahead to 2030, the goal is to achieve a substantial reduction in greenhouse gas emissions from electricity and heat energy at Valio production plants (Scope 1 and 2), aiming for a reduction of 47%.
In 2022, the greenhouse gas emissions stemming from operational activities in Finland accounted for approximately 2.48 million carbon dioxide equivalent tonnes (Mt CO2e). These emissions were categorized across three distinct scopes: Scope 1 reported 43,600 metric tons of CO2e, Scope 2 accounted for 59,000 metric tons of CO2e, and Scope 3 registered a significant volume of 2,378,700 metric tons of CO2e. Between 2019 and 2021, there was a notable 8.5% reduction in total emissions associated with milk production, with the exclusion of any new emissions arising from wholesale operations in 2022. Additionally, within the production plant, significant progress was achieved in emissions reduction. Scope 1 emissions, linked to heat energy and refrigerant leaks, witnessed a remarkable 42% decrease from 2019 to 2022. Simultaneously, Scope 2 emissions, pertaining to heat energy and electricity, saw a substantial decline of 34% over the same period.
Valio has made investments in waste management and uses a Zero Waste Tool to estimate emissions from the treatment of its waste. The company also considers the circular economy in its emission calculations. Valio has implemented measures to reduce emissions in its packaging materials, wholesale products, and cleaning services. It has also taken into account the emissions from employee commuting and business travel.
In conclusion, Valio implements a multifaceted approach to emission reduction, utilizing diverse data sources and emission factors to calculate and monitor its environmental impact. Collaborating with logistics partners, the company tracks transportation-related greenhouse gas emissions by detailing mileage and fuel usage, while also estimating emissions from product processing and end-of-life treatment using emission factors. With a Science-Based Target in place, Valio aims to decrease Scope 1 and 2 greenhouse gas emissions (from electricity and heat energy) by 47% by 2030. Investments in waste management and the use of various tools for accurate emission calculations exemplify Valio's commitment to achieving net-zero targets and minimizing its environmental footprint.
Data Insights
From
The gold standard of business intelligence.
Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.
GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Company Filings Analytics uses machine learning to uncover key insights and track sentiment across millions of regulatory filings and other corporate disclosures for thousands of companies representing the world’s largest industries. This analysis is combined with crucial details on strategic and investment priorities, innovation strategies, and CXO insights to provide comprehensive company profiles.
