Potential offtaker

AAK AB

www.aak.com

Estimated electricity consumption

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Countries of production presence

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AAK AB is a Swedish company that operates in the packaged food sector. The company is a leading provider of specialty vegetable fats and oils, which are used in a wide range of food products. AAK AB has a strong focus on sustainability and has made significant efforts to reduce its carbon footprint and promote renewable energy.

Decarbonisation is a key priority for AAK AB, and the company has set ambitious targets to reduce its greenhouse gas emissions. AAK AB has committed to reducing its carbon footprint by 50% by 2025, compared to its 2016 baseline. The company has also set a long-term goal of achieving net-zero emissions by 2050. To achieve these targets, AAK AB has implemented a range of measures to reduce its energy consumption and promote renewable energy.

One of the key initiatives that AAK AB has implemented to reduce its carbon footprint is the use of corporate power purchase agreements (PPAs). A corporate PPA is an agreement between a company and a renewable energy provider, which allows the company to purchase renewable energy directly from the provider. By using corporate PPAs, AAK AB is able to source a significant portion of its energy from renewable sources, which helps to reduce its carbon footprint.

AAK AB has also invested in a range of renewable energy projects, including wind and solar power. The company has installed solar panels on the roofs of its production facilities, which generate renewable energy that is used to power the facilities. AAK AB has also invested in wind power projects, which provide a significant portion of the company's energy needs.

In addition to promoting renewable energy, AAK AB has also implemented a range of measures to reduce its energy consumption. The company has implemented energy-efficient lighting and heating systems in its production facilities, which help to reduce energy consumption and lower the company's carbon footprint. AAK AB has also implemented a range of measures to reduce waste and promote recycling, which helps to further reduce its environmental impact.

AAK AB's commitment to sustainability has been recognized by a range of organizations. The company has been included in the Dow Jones Sustainability Index for six consecutive years, which recognizes companies that demonstrate leadership in sustainability. AAK AB has also been recognized by the Carbon Disclosure Project, which rates companies on their efforts to reduce greenhouse gas emissions.

Overall, AAK AB is a leading provider of specialty vegetable fats and oils that has made significant efforts to reduce its carbon footprint and promote renewable energy. The company's commitment to sustainability is reflected in its ambitious targets to reduce greenhouse gas emissions, its use of corporate PPAs to source renewable energy, and its investment in renewable energy projects. AAK AB's efforts to reduce its environmental impact have been recognized by a range of organizations, and the company is well-positioned to continue to lead the way in sustainability in the packaged food sector.