BioMar commits to Science Based Targets initiative carbon-reduction plan
Aquafeed manufacturer BioMar has released its 2022 Sustainability Report and announced a commitment to adopt a pathway under the Science Based Targets initiative (SBTi).
The SBTi has organized more than 2,200 commercial entities, representing one-third of the globe's market capitalization, in a collaboration to take action to limit global warming to 1.5 degrees Celsius. BioMar said it is the first global aquafeed firm to adopt the SBTi's carbon-reduction pathway.
“As aquaculture feed represents around 80 percent 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. 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,” BioMar Global Sustainability Director Vidar Gundersen said in a recent press release.
To combat climate change, the company aims to halve its greenhouse gas emissions by 2030 and reach net-zero by 2050.