Climate change is one of the biggest challenges of our time. Orkla will take its share of responsibility for addressing the challenges related to climate change and biological diversity.
We are working in a long-term perspective based on the objectives set by the Paris Agreement to reduce greenhouse gas emissions. From a commercial standpoint, there are growth opportunities for us in consumers’ growing interest in a climate-friendly diet and sustainable consumption.
The environmental impact of Orkla’s own operations is limited. The greatest impact comes from raw material production and at the consumption stage. We therefore work to reduce emissions and environmental impacts in every part of our value chain. We have ambitious goals for transitioning to low-carbon operations by focusing on product innovation, investing in renewable energy and reducing energy use and waste. These efforts include important measures in the form of collaboration and joint initiatives in the supplier chain, such as the Sustainable Agriculture Initiative Platform (SAI Platform).
We have adopted a systematic, coherent approach to climate work and other key environmental factors, such as use of natural resources (raw materials, energy, water) and waste management. In autumn 2021, we held a Capital Markets Day where we presented our higher climate targets.
To ensure that we steer and improve the environmental work being done in our own businesses, we have drawn up an Orkla EHS standard. This standard defines the requirements and expectations that must be met by our businesses with regard to the external environment. It also specifies what is required to ensure a good, safe working environment. We conduct regular audits to monitor the companies’ efforts to implement the standard. The purpose of the audits is to ensure that the businesses are operating in compliance with laws and regulations, and that they have systems and procedures in place to control and reduce the risk of serious incidents.