Mowi

Agricultural Products

MHGVY

$ 19 0.3

Share price

$ 9.6 bn

Market Cap

$ 11 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

0.62x the weighted average for S&P 500

FY2021

Primary Climate Goal

Mowi aims to reduce Scope 1 + 2 by 35% by 2030 from a base year 2016

<2°C

Secondary Climate Goal

Proj. YOY change in GHG emissions (Scope 3)

Weaker than the -6% weighted average for S&P 500

FY2022

Mowi aims to reduce Scope 3 by 35% by 2030 from a base year 2018

<2°C

GHG emissions and Carbon intensity

Mowi reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 264 Kt (-59 /-18.3% y-o-y). Also positively, carbon intensity plunged to 53 t (-20 /-27.8% y-o-y).

Mowi's Scope 3 emissions was down at 1,826 Kt (-115 /-5.9% y-o-y). The decline accelerated compared to the CAGR of -2.7% since 4Q'19.

The company is committed to reducing Scope 3 by 35% by 2030 from a base year 2018, which translates into the estimated reduction of -76 Kt per annum over the period of FY2022 - FY2030. This science-based target is aligned with Paris Agreement to limit global warming to <2°C above pre-industrial levels.

Date	Total CO2e emissions (market-based Scope 1 & 2) (Kt)	Scope 1	Scope 2	Scope 3	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2021Q4	264	137	126	1,826	4,988	53
2020Q4	323	160	163	1,941	4,403	73
2019Q4	357	156	201	1,979	4,648	77
2018Q4	325	144	181	1,751	4,507	72