Carbon-neutral by 2040: Paving the way for a sustainable future
HKScan together with KPMG has calculated the CO2 emissions of its entire food value chain, in order to create permanent and more climate-friendly operating models. Corporate responsibility work has long been a key part of HKScan’s business, which has paved the way for their ambitious carbon neutrality targets.
A sign of commitment
Food company HKScan has presented their Zero Carbon climate plan, where they aim to reach important sustainability objectives. They have set ambitious targets such as carbon neutrality of their own industrial production by 2025, and carbon neutrality throughout the entire farm-to-consumer value chain by the end of 2040 at the latest. The company has already implemented initiatives that work towards a sustainable future. From 2014 to 2020, HKScan has reduced the emissions of its own industrial production by 70% through the introduction of green, renewable electricity in its production units, and by improving energy efficiency. By the end of 2020, all of HKScan’s production units had already switched to renewable electricity.
Cooperation is the foundation of the Zero Carbon plan. HKScan and its contract farmers are working together in order to establish measures that reduce the environmental impacts of agriculture. Measures such as reducing the climate impact of feed production by optimising the use of fertilisers, increasing the circular use of manure, and promoting carbon sequestration in the fields, are all steps towards a carbon-neutral future.
The significance of building local carbon sinks
HKScan has a significant potential to enhance carbon sequestration, by increasing the carbon sinks in fields and forests owned by its contract farmers. Plant species selection and farming methods play an important role in this process. The company is working together with its contract farmers by developing methods to measure and increase the carbon sinks in the fields and increasing the carbon sequestration in the forests. By doing this, HKScan is creating additional opportunities to curb climate change throughout all levels of the food chain.