Reducing our carbon footprint

Reducing emissions across the value chain, minimizing emissions from our own operations, and increasing resource efficiency all play a central role in lowering our carbon footprint. Our goal is to achieve carbon neutrality in our own operations by 2030 and across the entire value chain by 2040. 

Own operations

Olvi Iisalmi production siten achieved carbon neutrality of own operations as first Olvi Group carbon neutral production plant in 2023. Carbon neutrality is achieved by using renewal energy and electricity. Small amount of non-avoidable emissions from bioenergy plant are offset by certified projects. We continue working to enhance energy efficiency, for example by replacing old brewhouse consuming lot of energy with new brewhouse.  

Value chain

Olvi’s climate emissions originate from the value chain. Four-fifths of these emissions come from purchased materials and services. The next most significant sources are inbound and outbound transportation. 

We can best reduce emissions from purchased materials through joint development efforts with our value chain partners.  We reduce material-related emissions by lightening packaging, increasing the use of renewable materials, minimizing waste, and developing our product portfolio. 

Transport emissions are reduced through daily efforts such as route planning and increasing the use of renewable fuels. We started pilot use of biofuels in 2023 and have increased the usage since, also to biogas. Biofuels reduce emissions ~80 – 90 %. 

We Operate with High Standards 

In addition to improving our operations, we are also developing our emissions reporting to better identify impacts generated at different stages of production and other activities. We report our emissions in more detail through the CDP Climate Disclosure, where we achieved a score of B in 2024, compared to the industry average of C. We also participate in the EcoVadis sustainability assessment, where our sustainability work received a Gold rating (top 5% of responding companies). In addition, in 2024, Olvi was recognized by Time magazine by being included in the global list of 500 sustainably growing companies. 

To ensure the effectiveness of our emission reductions, we submitted our science-based climate targets (Science Based Targets, SBT) for approval in 2023, and we will publish the updated targets once they are approved. In 2024, we will, if necessary, update our transition plan to meet the approved science-based climate targets, particularly in relation to forestry, land-use and agriculture-based emissions (FLAG).