Sustainability is a journey, pursued together with others. In 2023, we made considerable progress towards our sustainability targets while enabling our customers and suppliers to evolve towards greener practices. Our sustainability efforts focus on three key areas—climate, biodiversity, and people—where we believe we can deliver the most substantial impact, driving transformation across the industry and achieving enduring, scalable outcomes.
Highlights from our 2023 sustainability efforts and report include:
· Science Based Targets Initiative (SBTi) approved our emission reduction targets. AAK is among the first to receive approval for the Forest, Land, and Agriculture (FLAG) targets, which align with the objectives of the Paris Agreement.
· Our verified deforestation-free status for palm reached 83 percent. The progress reaffirms our commitment to sustainable practices and responsible sourcing throughout our value chain.
· Traceability to plantation for palm reached 93 percent, bringing us nearer to our 2025 target of 100 percent.
· Improvement in employee engagement score with 8 percentage points since 2017.
· In 2023, we completed the installation of new bio-boilers at our production site in Aarhus, Denmark. This development is a crucial step in our commitment to reducing carbon emissions. The plant is expected to decrease the site’s carbon footprint by 90 percent.