Oy Karl Fazer AB 2024 Annual Report with Sustainability Disclosures
Company: Oy Karl Fazer AB
Sector: Manufacturing
Country: Finland
Year: 2024
Type: Annual Report with Sustainability Disclosures
Pages: 77
The report highlights Fazer's progress in 2024, focusing on its growth strategy and sustainability ambitions across climate, circularity, sourcing, and well-being. The company achieved a 34% reduction in Scope 1 and 2 emissions compared to its 2020 baseline, driven by investments in fossil-free heating and electrification. Additionally, Fazer reduced avoidable food loss by 13% against the 2020 baseline and successfully engaged 53% of its suppliers by spend to commit to the Science Based Targets initiative (SBTi). The company also advanced its sustainable packaging efforts, with 87% of its packaging materials designed for recycling.
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