BioMar outlines plan to reach net-zero by ‘no later than 2050’

Report outlines plan to achieve 50% circular and restorative feeds by 2030

BioMar, a leading global supplier of aquaculture feed, has committed to a comprehensive plan for reducing carbon emissions by 2050.

Recently announced in its Integrated Sustainability Report, BioMar is the first global aquafeed supplier to adopt the 1.5 degrees-C pathway toward net-zero under the Science Based Targets initiative (SBTi) – a program for driving and validating greenhouse gas (GHG) reductions in the private sector.

“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,” 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.”

The report explains the “robust” scientific methodologies and reporting systems that BioMar will be using. Circularity and restorative practices play prominent themes, highlighting examples of how upcycling and novel ingredients 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,” the company stated in a release. “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.”

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In last year’s Sustainability Report, BioMar announced a goal to reduce GHG emissions by one-third by 2030. To make this reduction a reality, BioMar has developed a long-term plan focusing on operations and broader supply chain partners to create innovative solutions to help reach its reduction targets. The new report states that in scopes 1 and 2, a 4.2 percent year-on-year absolute GHG emissions reduction target will be achieved, while a 30 percent reduction in scope 3 is required.

The IPCC has stated that GHG emissions need to halve 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 degrees-C.

Read the full report.

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