- High cost levels between January and March 2024 due to inflation, high costs of external services, general wage increases, and contingency arrangements for political strikes.
- Political strikes in March negatively impacted exports.
- Uncertainty about the availability and price of inputs and raw materials.
- Possible weakening of consumer demand due to high lending rates and economic uncertainty.
- Risk of impairment losses if financial performance does not improve as planned or if long-term interest rates rise again.
- Risk of animal diseases (African Swine fever and avian flu) reducing export potential.
- High risk of cyber-attacks.
HKFoods Oyj
Greenhouse gas emissions & sustainability report data
In its 2024-01 to 2024-03 reporting, HKFoods Oyj disclosed greenhouse gas emissions of 2.092 MtCO2e (Scope 3) + 0.014 MtCO2e (Scope 1 & 2) in 2023. By scope: Scope 1: 0.014 MtCO2e (2023); Scope 2: 0.014 MtCO2e (2023); Scope 3: 2.092 MtCO2e (2023). Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
2.092 MtCO2e (Scope 3) + 0.014 MtCO2e (Scope 1 & 2) in 2023
2024-01 to 2024-03
📊 Emissions by Scope (2024-01 to 2024-03)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 0.014 MtCO2e (2023) |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 0.014 MtCO2e (2023) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 2.092 MtCO2e (2023) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2024-01 to 2024-03 | 2.092 MtCO2e (Scope 3) + 0.014 MtCO2e (Scope 1 & 2) in 2023 |
| 2023-01 to 2023-03 | 2.22 MtCO2e (2022) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Revised climate target to reach net zero for all greenhouse gas emissions by 2050.
- Reduced greenhouse gas emissions by up to 38 tCO2e per year at the Danish business unit's Vinderup wastewater treatment plant.
- Replacing black packaging boxes with recyclable green boxes made from at least 80% recycled PET plastic.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce absolute Scope 1 and 2 GHG emissions from industrial operations and energy by 42 per cent by 2030 from the base year 2022.
- Reduce emissions in specific Scope 3 categories by 42 per cent by 2030 from the base year 2022.
- Reduce land-based absolute Scope 3 FLAG GHG emissions by 30.3 per cent by 2030 from the base year 2022.
🔭 Long-term
- Net zero for all greenhouse gas emissions by 2050.
🌱 ESG Focus Areas
Climate changeEmployee wellbeing and safety