Borregaard among Financial Times climate leaders

The Financial Times Europe's Climate Leaders 2024 list contains the 600 European companies who has most successfully reduced their core greenhouse gas emissions over the past five years. Transparency around reporting, sustainability targets, cooperation with interest organisations and other indicators of the companies' commitment to reducing emissions are also assessed.

Borregaard is listed among a total of 37 companies within the Chemistry & Materials sector. The company operates one of the world's most advanced and sustainable biorefineries. By using natural, renewable raw materials, Borregaard produces advanced and environmentally friendly biochemicals that can replace oil-based products for a variety of applications in sectors such as agriculture and aquaculture, construction, pharmaceuticals and cosmetics, foodstuffs, batteries and biofuels. Borregaard employs 1100 man-years in plants and sales offices in 13 countries throughout Europe, Asia and the Americas.

Borregaard has developed a transition plan to reduce Borregaard's direct greenhouse gas emissions by 42% by 2030 as well as reaching net zero emissions by 2050. The plan is in line with the 1.5°C goal in the Paris Agreement and the targets have been approved by the Science Based Targets initiative.

- In 2023, we reduced our greenhouse gas emissions by 8% and we are currently making climate investments of NOK 230 million which will further reduce emissions towards 2030, says Per A. Sørlie.

For more information:

Europe’s Climate Leaders 2024: interactive listing (ft.com)

Direct greenhouse gas emissions = occur from sources that are controlled or owned by an organisation, such as emissions linked to plants, cars and machinery.

Indirect greenhouse gas emissions = the result of activities from assets not owned or controlled by the reporting organisation, such as purchased goods and services.