Orkla one of the best at climate change leadership

The investor initiative CDP ranks Orkla among the best listed companies when it comes to climate change leadership. Orkla has reduced its greenhouse gas emissions by over 50% in the last five years*.

In 2019, 8 400 of the world’s largest companies reported on their climate performance to CDP. Orkla is one of 10 Norwegian companies ranked at the very top, scoring an A-. This means that the company takes a leadership role in addressing climate risks and has implemented best practices.

“We are delighted to have been awarded a top score, a ranking that will spur us to continue our efforts. There is an urgent need to find solutions to climate change challenges. Orkla has therefore set science-based climate change targets and will take its share of responsibility for limiting global temperature rise to a maximum of 1.5 degrees,” says Inger Johanne Eikeland, Senior Vice President EHS at Orkla.

Orkla has reported to CDP since 2008, prompting Orkla to set increasingly ambitious targets and continuously develop its climate change strategy to meet external demands and expectations.

Business mobilisation to achieve the 1.5ºC climate target Orkla has halved its greenhouse gas emissions in the last five years and set science-based climate targets. Along with many other international companies, Orkla backs the UN Global Compact campaign, “Business Ambition for 1.5°C: Our Only Future”. The aim is to mobilise businesses to raise their climate ambitions and set science-based climate targets in alignment with the 1.5ºC target.

CDPIn 2019, a total of 8 400 of the world’s largest companies disclosed their climate performance to CDP, an increase of 20% from the previous year. Globally, 530 companies were awarded the score of A/A-. CDP’s assessment attaches importance to companies’ ability to reduce their greenhouse gas emissions, set meaningful targets and monitor progress.

Orkla’s climate performance:

• All Orkla companies and factories work purposefully to lower their consumption of energy and water, optimise resource use and reduce food waste.
• Sustainable innovation is high on Orkla’s agenda, resulting in the launch of plant-based alternatives to meat and a wide range of products with a smaller environmental footprint.
• Orkla has reduced its greenhouse gas emissions by 54 per cent in the last five years. The reduction is in absolute figures, i.e. not adjusted for higher turnover.
• All the electric power that Orkla uses in Europe is renewable. Through Orkla’s own hydropower plants, we produce five times as much renewable electricity as we use.
• To document its renewable electricity, Orkla buys guarantees of origin linked to its own hydropower plants.
• Orkla also takes responsibility for the climate impacts of activities in its value chain by implementing measures that target production of raw materials, with the aim of reducing indirect greenhouse gas emissions by around 30% by 2025 and 77% by 2040

*2014-2018.