THINGS ARE
GOING SIDEWAYS.
KEEP SCROLLING!
A long note
regarding
forward-looking statements
CEO STATEMENT (ABRIDGED VERSION)
CAN WE INTEREST YOU IN A CLIMATE SOLUTIONS PRODUCT?
THAT'S
A FIRST
Oatly’s products were the first in the world to qualify as Climate Solutions Products in the "milk category", as defined by the Exponential Roadmap Initiative (ERI).
GHG emissions (kg CO2e/L) from transportation, down 4%, and energy, down 3% from 2023.
In 2024, we met our goal in eliminating production waste to landfill, five years ahead of schedule!
Just over halfway toward the dead-line of 2029, we’ve reduced our water withdrawal 35% from our baseline of 4.3 L/L since 2019.
Together with our oat milling partner in Canada, we financially incentivize farmers to adopt regenerative practices across 1,500 acres in our supply region.
Avoided emissions per liter increased from 0.44 kg CO2e/L sold in 2019, to 0.53 kg CO2e avoided/L sold in 2024, thanks to the footprint of our products vs. comparable cow’s milk and increased conversion in some markets.
In 2024, our corporate climate footprint (reported as kg CO2e/L) increased approximately 15% from 2023.
Packaging emissions (kg CO2e/L) were up 30% from 2023.
Ingredient emissions (kg CO2e/L) increased 24% from 2023, mainly due to our use of Finnish oats
If you like to see us fail, keep reading! If you like to see us not give up also keep reading!
LCA FTW!
LCA WTF?
LCA stands for Life Cycle Assessment and is a systematic analysis of the environmental impacts of a specific product produced and consumed in a defined geographical space. For Oatly, LCA’s include raw materials to point of sale and recycling of used products.
Oatly Oat Drinks have between 44% and 80% lower climate impact than comparable milk from a cow according to multiple studies.*
*THIS IMPORTANT FOOTNOTE IS A MUST READ!
According to multiple studies, Oatly products have between 44 percent and 80 percent lower climate impact than comparable dairy products for currently operating products sold in China, Europe and the United States. Blonk Consultants (2022), LCA of Oatly Barista and comparison with cow’s milk; Blonk Consultants (2023), LCA of Oatly “No” Sugars and Oatly Oat Drink (Whole/Semi/Light), and comparison with cow’s milk; Blonk Consultants (2023), LCA of Oatly Original and comparison with cow’s milk. Blonk Consultants (2024), LCA of Oatly Batista China and comparison with cow’s milk. Blonk Consultants (2024), LCA of Oatly Barista for Poland, Ireland and France, and comparison with cow’s milk. Blonk Consultants (2024), LCA of Oatly Barista for Denmark, Norway, Belgium, Italy and Spain, and comparison with cow’s milk.
Stages include raw material to point of sale and packaging waste management for average liter sold in the respective markets and produced in the sites as indicated in the reports.
THE SOURCING
We continue to establish sourcing policies to improve sustainability performance and to address key sustainability risks with a new updated Supplier Code of Conduct. Also in 2024, we established formal global ingredient sustainability requirements for rapeseed oil, coconut and coffee.
OATS
For different reasons, like weather and pricing, we bought more oats than usual from Finland, whose agricultural soils emit more greenhouse gases than other countries we source from. That’s the main reason for our 24% increase in emissions from ingredients (kg CO2e/L) from 2023. In our F.A.R.M. project we’ve begun the work to see how we can decrease emissions from oat farming.
We broadened our FARM framework to more explicitly address nature-related impacts and dependencies, including biodiversity. In Canada, Sweden and China we joined forces with millers and suppliers to strengthen farm resilience, improving soil fertility and water quality through regenerative practices.
89% OF PACKAGING MADE FROM RENEWABLE OR RECYCLED SOURCES.
(2023: 90%)
The 1 percent decrease is a result of more fossil-based packaging for our products in China and the US. Due to supply issues – from disruption with the bio-based packaging from the sugar cane grown in South America, to quality concerns and affordability – we chose to use some fossil-based packaging in both regions for last year.
ENERGY
Our energy intensity in 2024 was 0.64 kWh per produced liter, a decrease of about 5% over 2023. We were able to improve our energy efficiency, thanks to increased production volumes and our factories implementing projects to improve energy use.
KEEPING IT 100
We continued to source 100% renewable electricity for all Oatly-operated factories — and for the first time, for all our production partners around the globe too!
HOT
TOPIC
We continue to source 100% biomethane for our factory in Landskrona using energy attribute certificates. Sourcing renewable heat outside Europe remains a challenge, with non-renewable heat making up the remaining 62% of our total energy use. Growing production volumes in China and the US, led to the decrease in our overall percentage of renewable energy. Renewable heat will continue to be a challenge. Challenge accepted!
Even though our distances increased by 6%, our emissions decreased by 4%. That’s mainly because we transported more by ocean and sea, so the routes became longer than with transportation by train and truck but also lower emissions. Road transportation remains our biggest impact and opportunity which is why we’re focused on achieving 100% sustainable ground transportation. Read more in the full report.
2024 SHARE OF TRANSPORTATION
GREENHOUSE GASES,
BY TYPE (T CO2E)
OATLY-OPERATED AND OUR
PRODUCTION PARTNERS
LESS
WATER
WASTE!
Our global operations in total used water that amounts to 2.8 liters per liter of Oatly finished goods equivalent (FGE). That means we’re now down 35 % from our 2019 baseline of 4.3 liters per liter FGE. If you’re interested, why not type ”Water used for one liter of cow’s milk.” into your favorite search engine.
OF OAT FIBER RESIDUE REPURPOSED!
The 76,500 tonnes of oat fiber residue we generated in 2024 was repurposed to feed animals and create energy.
WASTE TO LANDFILL!
In 2024, our production
waste to landfill was 0.1 %.
Most of it was recycled or
sometimes incinerated to create
energy to avoid going into landfills.
We’re not best in class when it comes to Diversity, Equity and Inclusion, but we strive to become better, and sometimes change is 50% Do It and 50% Slow Process. We want every employee to feel that they belong, just as they are —no matter their spiritual beliefs, country of origin, race, gender or sexual orientation. We actively engage in open dialogue, understand our areas for improvement and take meaningful actions to address them. We have implemented competency-based recruitment training for our hiring managers and recruitment teams, equipping them to recognize and counteract common biases throughout the hiring process. We have hosted an LGBTQIA+ focus group, creating space for the community to come together and share experiences of working at Oatly, including opportunities for how to better support and engage our LGBTQIA+ community. We have regional approaches to the activities and learnings we explore around DEI. Please look at the full report to learn more.
SAFE CO-WORKERS!
Recorded incidents and accidents decreased this year again, much thanks to the 647 Safety Observation Raised by our employees who, apparently, are looking out for each other. We’re not surprised, but glad. Read more about health and safety.
WE HAVE CLIMATE SOLUTIONS PRODUCTS NOW
We said this already, but it’s worth repeating. Oatly’s products were the first in the world to be qualified as Climate Solutions Products by the ERI, UN Race to Zero Partner in 2024. Much thanks to our products having a significantly lower footprint than market-weighted average of the milk category, but also for our ambition to incentivize consumers and other stake holders to make the plant-based switch.
OUR HANDPRINT!
When people switch from cow's milk to oats, fewer emissions are forced into our atmosphere. These avoided emissions, our "climate handprint," is the joint efforts of our own sustainability work and the good choices of consumers like you. Through our growing sales, consumer insight surveys, and Life Cycle Assessments (LCAs) of our products in comparison to dairy, we get an estimated volume converted from cow's milk to Oatly products, and the resulting climate emissions avoided measured using a methodology developed with Quantis, a leading environmental sustainability consultancy.
PRODUCT CLIMATE FOOTPRINT DECLARATION
By the end of 2024, 225 of our SKUs carried, on our packaging or website, a climate footprint declaration, which is calculated using the LCA methodology and verified by CarbonCloud. This accounts for 78% of our sales volume globally.
CHINA UPDATE!
In March 2024, Oatly completed the first-ever product carbon footprint assessment in China’s plant-based milk industry for our 1L Barista Edition Oat Milk produced at our Ma’anshan factory.
WALK & TALK
We led and participated in key conversations at both London Climate Action Week and NYC Climate Week, talking about the road to scaling regenerative agriculture and inserting food into the climate conversation. Together with Food Tank, Oatly helped gather over 100 like-minded purpose driven companies to discuss the issues facing brands such as ours, and how we can come together to amplify our message.
BUNDESTAG BREAKFAST
We continued our work for mandatory climate labeling in Germany. In collaboration with the Together for Carbon Labelling (TCL) initiative and a bunch of smart people we hosted a parliamentary breakfast at the German Bundestag to put the topic on the agenda for the new government.
FIRST CLASS
Partnering with Yicai Global, we held a “Sustainable First Class” seminar about sustainable development, carbon management, climate change, sustainable food systems, and regenerative agriculture.
LOVE IS BLIND
The results of a blind taste study conducted by an independent market research institute, in which 53% of participants surveyed in Germany and 50% of those surveyed in Poland preferred Oatly Barista over cow’s milk in their filter coffee, confirmed that we can lead with taste to drive our vision for sustainable change.
TASTY CHANGE
We brought our soft serve ice cream to more college and university campuses and worked with the largest theme park in Southern California to help chefs make awesome plant-based recipes in their parks.
THE BARISTA
EXPANSION
We expanded our Oatly Barista range in Europe with tiny 20 ml cartons perfect for trains, hotels, and places who can avoid food waste through single serve packaging. An extra-large 1.5 liter pack , a Barista Lighter/Lighter taste for those that crave a lighter coffee experience, and Barista Organic.
GLOCAL
We joined the Spanish plant-based association Vegetales, reinforcing our global practice of partnering with local organizations and associations to promote plant-based diets, reduce emissions and push for policy change towards sustainable food systems.
TO THE XCREAM
We reintroduced Oatly creamers in North America and expanded to more stores, now more people have the chance to upgrade their coffee with tasty treats while keeping it plant-based.
A SMALL BATTLE
We published the Small Healthy Book in the EU and UK with evidence-based, accessible communication on key nutritional attributes of oat drinks and key topics in nutrition and health such as glycemic response and ultra processing, to educate and help battle popular misinformation in social media.
VOAT
Leading up to the 2024 European Parliament Elections, we joined forces with Patagonia to educate, mobilize and engage people in the elections, our VOAT campaign called on voters across Europe to make the climate heard at the ballot box.
SILENT BARISTA
Since the Silent Barista Project was launched in September 2020 in China, we have trained over 300 hearing-impaired baristas from more than 12 provinces. 112 trainees have earned Specialty Coffee Association certificates, and 82 individuals have secured full-time positions. Our community of over 600 silent baristas makes us the leading company in the coffee industry for training certified hearing-impaired baristas.
THIS IS THE
BEGINNING!
KEEP
SCROLLING!
OAT DEFAULT
In North America, we worked with colleges and universities to activate “Oat As Default” in schools around Earth Day, with Oatly being served as the default milk in all drinks unless a customer specifically requested otherwise.
THIS IS
NOT THE
END!
We're at an important time in history. As companies and governments across the globe are taking a step back, we choose to go in the opposite direction and broaden our sustainability goals. Read the updated sustainability plan here.
THINGS ARE
GOING SIDEWAYS.
KEEP SCROLLING!
A long note
regarding
forward-looking statements
CEO STATEMENT (ABRIDGED VERSION)
CAN WE INTEREST YOU IN A CLIMATE SOLUTIONS PRODUCT?
THAT'S
A FIRST
Oatly’s products were the first in the world to qualify as Climate Solutions Products in the "milk category", as defined by the Exponential Roadmap Initiative (ERI).
GHG emissions (kg CO2e/L) from transportation, down 4%, and energy, down 3% from 2023.
In 2024, we met our goal in eliminating production waste to landfill, five years ahead of schedule!
Just over halfway toward the dead-line of 2029, we’ve reduced our water withdrawal 35% from our baseline of 4.3 L/L since 2019.
Together with our oat milling partner in Canada, we financially incentivize farmers to adopt regenerative practices across 1,500 acres in our supply region.
Avoided emissions per liter increased from 0.44 kg CO2e/L sold in 2019, to 0.53 kg CO2e avoided/L sold in 2024, thanks to the footprint of our products vs. comparable cow’s milk and increased conversion in some markets.
In 2024, our corporate climate footprint (reported as kg CO2e/L) increased approximately 15% from 2023.
Packaging emissions (kg CO2e/L) were up 30% from 2023.
Ingredient emissions (kg CO2e/L) increased 24% from 2023, mainly due to our use of Finnish oats
If you like to see us fail, keep reading! If you like to see us not give up also keep reading!
LCA FTW!
LCA WTF?
LCA stands for Life Cycle Assessment and is a systematic analysis of the environmental impacts of a specific product produced and consumed in a defined geographical space. For Oatly, LCA’s include raw materials to point of sale and recycling of used products.
Oatly Oat Drinks have between 44% and 80% lower climate impact than comparable milk from a cow according to multiple studies.*
*THIS IMPORTANT FOOTNOTE IS A MUST READ!
According to multiple studies, Oatly products have between 44 percent and 80 percent lower climate impact than comparable dairy products for currently operating products sold in China, Europe and the United States. Blonk Consultants (2022), LCA of Oatly Barista and comparison with cow’s milk; Blonk Consultants (2023), LCA of Oatly “No” Sugars and Oatly Oat Drink (Whole/Semi/Light), and comparison with cow’s milk; Blonk Consultants (2023), LCA of Oatly Original and comparison with cow’s milk. Blonk Consultants (2024), LCA of Oatly Batista China and comparison with cow’s milk. Blonk Consultants (2024), LCA of Oatly Barista for Poland, Ireland and France, and comparison with cow’s milk. Blonk Consultants (2024), LCA of Oatly Barista for Denmark, Norway, Belgium, Italy and Spain, and comparison with cow’s milk.
Stages include raw material to point of sale and packaging waste management for average liter sold in the respective markets and produced in the sites as indicated in the reports.
THE SOURCING
We continue to establish sourcing policies to improve sustainability performance and to address key sustainability risks with a new updated Supplier Code of Conduct. Also in 2024, we established formal global ingredient sustainability requirements for rapeseed oil, coconut and coffee.
OATS
For different reasons, like weather and pricing, we bought more oats than usual from Finland, whose agricultural soils emit more greenhouse gases than other countries we source from. That’s the main reason for our 24% increase in emissions from ingredients (kg CO2e/L) from 2023. In our F.A.R.M. project we’ve begun the work to see how we can decrease emissions from oat farming.
We broadened our FARM framework to more explicitly address nature-related impacts and dependencies, including biodiversity. In Canada, Sweden and China we joined forces with millers and suppliers to strengthen farm resilience, improving soil fertility and water quality through regenerative practices.
89% OF PACKAGING MADE FROM RENEWABLE OR RECYCLED SOURCES.
(2023: 90%)
The 1 percent decrease is a result of more fossil-based packaging for our products in China and the US. Due to supply issues – from disruption with the bio-based packaging from the sugar cane grown in South America, to quality concerns and affordability – we chose to use some fossil-based packaging in both regions for last year.
ENERGY
Our energy intensity in 2024 was 0.64 kWh per produced liter, a decrease of about 5% over 2023. We were able to improve our energy efficiency, thanks to increased production volumes and our factories implementing projects to improve energy use.
KEEPING IT 100
We continued to source 100% renewable electricity for all Oatly-operated factories — and for the first time, for all our production partners around the globe too!
HOT
TOPIC
We continue to source 100% biomethane for our factory in Landskrona using energy attribute certificates. Sourcing renewable heat outside Europe remains a challenge, with non-renewable heat making up the remaining 62% of our total energy use. Growing production volumes in China and the US, led to the decrease in our overall percentage of renewable energy. Renewable heat will continue to be a challenge. Challenge accepted!
Even though our distances increased by 6%, our emissions decreased by 4%. That’s mainly because we transported more by ocean and sea, so the routes became longer than with transportation by train and truck but also lower emissions. Road transportation remains our biggest impact and opportunity which is why we’re focused on achieving 100% sustainable ground transportation. Read more in the full report.
2024 SHARE OF TRANSPORTATION
GREENHOUSE GASES,
BY TYPE (T CO2E)
OATLY-OPERATED AND OUR
PRODUCTION PARTNERS
LESS
WATER
WASTE!
Our global operations in total used water that amounts to 2.8 liters per liter of Oatly finished goods equivalent (FGE). That means we’re now down 35 % from our 2019 baseline of 4.3 liters per liter FGE. If you’re interested, why not type ”Water used for one liter of cow’s milk.” into your favorite search engine.
OF OAT FIBER RESIDUE REPURPOSED!
The 76,500 tonnes of oat fiber residue we generated in 2024 was repurposed to feed animals and create energy.
WASTE TO LANDFILL!
In 2024, our production
waste to landfill was 0.1 %.
Most of it was recycled or
sometimes incinerated to create
energy to avoid going into landfills.
We’re not best in class when it comes to Diversity, Equity and Inclusion, but we strive to become better, and sometimes change is 50% Do It and 50% Slow Process. We want every employee to feel that they belong, just as they are —no matter their spiritual beliefs, country of origin, race, gender or sexual orientation. We actively engage in open dialogue, understand our areas for improvement and take meaningful actions to address them. We have implemented competency-based recruitment training for our hiring managers and recruitment teams, equipping them to recognize and counteract common biases throughout the hiring process. We have hosted an LGBTQIA+ focus group, creating space for the community to come together and share experiences of working at Oatly, including opportunities for how to better support and engage our LGBTQIA+ community. We have regional approaches to the activities and learnings we explore around DEI. Please look at the full report to learn more.
SAFE CO-WORKERS!
Recorded incidents and accidents decreased this year again, much thanks to the 647 Safety Observation Raised by our employees who, apparently, are looking out for each other. We’re not surprised, but glad. Read more about health and safety.
WE HAVE CLIMATE SOLUTIONS PRODUCTS NOW
We said this already, but it’s worth repeating. Oatly’s products were the first in the world to be qualified as Climate Solutions Products by the ERI, UN Race to Zero Partner in 2024. Much thanks to our products having a significantly lower footprint than market-weighted average of the milk category, but also for our ambition to incentivize consumers and other stake holders to make the plant-based switch.
OUR HANDPRINT!
When people switch from cow's milk to oats, fewer emissions are forced into our atmosphere. These avoided emissions, our "climate handprint," is the joint efforts of our own sustainability work and the good choices of consumers like you. Through our growing sales, consumer insight surveys, and Life Cycle Assessments (LCAs) of our products in comparison to dairy, we get an estimated volume converted from cow's milk to Oatly products, and the resulting climate emissions avoided measured using a methodology developed with Quantis, a leading environmental sustainability consultancy.
PRODUCT CLIMATE FOOTPRINT DECLARATION
By the end of 2024, 225 of our SKUs carried, on our packaging or website, a climate footprint declaration, which is calculated using the LCA methodology and verified by CarbonCloud. This accounts for 78% of our sales volume globally.
CHINA UPDATE!
In March 2024, Oatly completed the first-ever product carbon footprint assessment in China’s plant-based milk industry for our 1L Barista Edition Oat Milk produced at our Ma’anshan factory.
WALK & TALK
We led and participated in key conversations at both London Climate Action Week and NYC Climate Week, talking about the road to scaling regenerative agriculture and inserting food into the climate conversation. Together with Food Tank, Oatly helped gather over 100 like-minded purpose driven companies to discuss the issues facing brands such as ours, and how we can come together to amplify our message.
BUNDESTAG BREAKFAST
We continued our work for mandatory climate labeling in Germany. In collaboration with the Together for Carbon Labelling (TCL) initiative and a bunch of smart people we hosted a parliamentary breakfast at the German Bundestag to put the topic on the agenda for the new government.
FIRST CLASS
Partnering with Yicai Global, we held a “Sustainable First Class” seminar about sustainable development, carbon management, climate change, sustainable food systems, and regenerative agriculture.
LOVE IS BLIND
The results of a blind taste study conducted by an independent market research institute, in which 53% of participants surveyed in Germany and 50% of those surveyed in Poland preferred Oatly Barista over cow’s milk in their filter coffee, confirmed that we can lead with taste to drive our vision for sustainable change.
TASTY CHANGE
We brought our soft serve ice cream to more college and university campuses and worked with the largest theme park in Southern California to help chefs make awesome plant-based recipes in their parks.
THE BARISTA
EXPANSION
We expanded our Oatly Barista range in Europe with tiny 20 ml cartons perfect for trains, hotels, and places who can avoid food waste through single serve packaging. An extra-large 1.5 liter pack , a Barista Lighter/Lighter taste for those that crave a lighter coffee experience, and Barista Organic.
GLOCAL
We joined the Spanish plant-based association Vegetales, reinforcing our global practice of partnering with local organizations and associations to promote plant-based diets, reduce emissions and push for policy change towards sustainable food systems.
TO THE XCREAM
We reintroduced Oatly creamers in North America and expanded to more stores, now more people have the chance to upgrade their coffee with tasty treats while keeping it plant-based.
A SMALL BATTLE
We published the Small Healthy Book in the EU and UK with evidence-based, accessible communication on key nutritional attributes of oat drinks and key topics in nutrition and health such as glycemic response and ultra processing, to educate and help battle popular misinformation in social media.
VOAT
Leading up to the 2024 European Parliament Elections, we joined forces with Patagonia to educate, mobilize and engage people in the elections, our VOAT campaign called on voters across Europe to make the climate heard at the ballot box.
SILENT BARISTA
Since the Silent Barista Project was launched in September 2020 in China, we have trained over 300 hearing-impaired baristas from more than 12 provinces. 112 trainees have earned Specialty Coffee Association certificates, and 82 individuals have secured full-time positions. Our community of over 600 silent baristas makes us the leading company in the coffee industry for training certified hearing-impaired baristas.
THIS IS THE
BEGINNING!
KEEP
SCROLLING!
OAT DEFAULT
In North America, we worked with colleges and universities to activate “Oat As Default” in schools around Earth Day, with Oatly being served as the default milk in all drinks unless a customer specifically requested otherwise.
THIS IS
NOT THE
END!
We're at an important time in history. As companies and governments across the globe are taking a step back, we choose to go in the opposite direction and broaden our sustainability goals. Read the updated sustainability plan here.
THINGS ARE
GOING SIDEWAYS.
KEEP SCROLLING!
A long note
regarding
forward-looking statements
CEO STATEMENT (ABRIDGED VERSION)
CAN WE INTEREST YOU IN A CLIMATE SOLUTIONS PRODUCT?
THAT'S
A FIRST
Oatly’s products were the first in the world to qualify as Climate Solutions Products in the "milk category", as defined by the Exponential Roadmap Initiative (ERI).
GHG emissions (kg CO2e/L) from transportation, down 4%, and energy, down 3% from 2023.
In 2024, we met our goal in eliminating production waste to landfill, five years ahead of schedule!
Just over halfway toward the dead-line of 2029, we’ve reduced our water withdrawal 35% from our baseline of 4.3 L/L since 2019.
Together with our oat milling partner in Canada, we financially incentivize farmers to adopt regenerative practices across 1,500 acres in our supply region.
Avoided emissions per liter increased from 0.44 kg CO2e/L sold in 2019, to 0.53 kg CO2e avoided/L sold in 2024, thanks to the footprint of our products vs. comparable cow’s milk and increased conversion in some markets.
In 2024, our corporate climate footprint (reported as kg CO2e/L) increased approximately 15% from 2023.
Packaging emissions (kg CO2e/L) were up 30% from 2023.
Ingredient emissions (kg CO2e/L) increased 24% from 2023, mainly due to our use of Finnish oats
If you like to see us fail, keep reading! If you like to see us not give up also keep reading!
LCA FTW!
LCA WTF?
LCA stands for Life Cycle Assessment and is a systematic analysis of the environmental impacts of a specific product produced and consumed in a defined geographical space. For Oatly, LCA’s include raw materials to point of sale and recycling of used products.
Oatly Oat Drinks have between 44% and 80% lower climate impact than comparable milk from a cow according to multiple studies.*
*THIS IMPORTANT FOOTNOTE IS A MUST READ!
According to multiple studies, Oatly products have between 44 percent and 80 percent lower climate impact than comparable dairy products for currently operating products sold in China, Europe and the United States. Blonk Consultants (2022), LCA of Oatly Barista and comparison with cow’s milk; Blonk Consultants (2023), LCA of Oatly “No” Sugars and Oatly Oat Drink (Whole/Semi/Light), and comparison with cow’s milk; Blonk Consultants (2023), LCA of Oatly Original and comparison with cow’s milk. Blonk Consultants (2024), LCA of Oatly Batista China and comparison with cow’s milk. Blonk Consultants (2024), LCA of Oatly Barista for Poland, Ireland and France, and comparison with cow’s milk. Blonk Consultants (2024), LCA of Oatly Barista for Denmark, Norway, Belgium, Italy and Spain, and comparison with cow’s milk.
Stages include raw material to point of sale and packaging waste management for average liter sold in the respective markets and produced in the sites as indicated in the reports.
THE SOURCING
We continue to establish sourcing policies to improve sustainability performance and to address key sustainability risks with a new updated Supplier Code of Conduct. Also in 2024, we established formal global ingredient sustainability requirements for rapeseed oil, coconut and coffee.
OATS
For different reasons, like weather and pricing, we bought more oats than usual from Finland, whose agricultural soils emit more greenhouse gases than other countries we source from. That’s the main reason for our 24% increase in emissions from ingredients (kg CO2e/L) from 2023. In our F.A.R.M. project we’ve begun the work to see how we can decrease emissions from oat farming.
We broadened our FARM framework to more explicitly address nature-related impacts and dependencies, including biodiversity. In Canada, Sweden and China we joined forces with millers and suppliers to strengthen farm resilience, improving soil fertility and water quality through regenerative practices.
89% OF PACKAGING MADE FROM RENEWABLE OR RECYCLED SOURCES.
(2023: 90%)
The 1 percent decrease is a result of more fossil-based packaging for our products in China and the US. Due to supply issues – from disruption with the bio-based packaging from the sugar cane grown in South America, to quality concerns and affordability – we chose to use some fossil-based packaging in both regions for last year.
ENERGY
Our energy intensity in 2024 was 0.64 kWh per produced liter, a decrease of about 5% over 2023. We were able to improve our energy efficiency, thanks to increased production volumes and our factories implementing projects to improve energy use.
KEEPING IT 100
We continued to source 100% renewable electricity for all Oatly-operated factories — and for the first time, for all our production partners around the globe too!
HOT
TOPIC
We continue to source 100% biomethane for our factory in Landskrona using energy attribute certificates. Sourcing renewable heat outside Europe remains a challenge, with non-renewable heat making up the remaining 62% of our total energy use. Growing production volumes in China and the US, led to the decrease in our overall percentage of renewable energy. Renewable heat will continue to be a challenge. Challenge accepted!
Even though our distances increased by 6%, our emissions decreased by 4%. That’s mainly because we transported more by ocean and sea, so the routes became longer than with transportation by train and truck but also lower emissions. Road transportation remains our biggest impact and opportunity which is why we’re focused on achieving 100% sustainable ground transportation. Read more in the full report.
2024 SHARE OF TRANSPORTATION
GREENHOUSE GASES,
BY TYPE (T CO2E)
OATLY-OPERATED AND OUR
PRODUCTION PARTNERS
LESS
WATER
WASTE!
Our global operations in total used water that amounts to 2.8 liters per liter of Oatly finished goods equivalent (FGE). That means we’re now down 35 % from our 2019 baseline of 4.3 liters per liter FGE. If you’re interested, why not type ”Water used for one liter of cow’s milk.” into your favorite search engine.
OF OAT FIBER RESIDUE REPURPOSED!
The 76,500 tonnes of oat fiber residue we generated in 2024 was repurposed to feed animals and create energy.
WASTE TO LANDFILL!
In 2024, our production
waste to landfill was 0.1 %.
Most of it was recycled or
sometimes incinerated to create
energy to avoid going into landfills.
We’re not best in class when it comes to Diversity, Equity and Inclusion, but we strive to become better, and sometimes change is 50% Do It and 50% Slow Process. We want every employee to feel that they belong, just as they are —no matter their spiritual beliefs, country of origin, race, gender or sexual orientation. We actively engage in open dialogue, understand our areas for improvement and take meaningful actions to address them. We have implemented competency-based recruitment training for our hiring managers and recruitment teams, equipping them to recognize and counteract common biases throughout the hiring process. We have hosted an LGBTQIA+ focus group, creating space for the community to come together and share experiences of working at Oatly, including opportunities for how to better support and engage our LGBTQIA+ community. We have regional approaches to the activities and learnings we explore around DEI. Please look at the full report to learn more.
SAFE CO-WORKERS!
Recorded incidents and accidents decreased this year again, much thanks to the 647 Safety Observation Raised by our employees who, apparently, are looking out for each other. We’re not surprised, but glad. Read more about health and safety.
WE HAVE CLIMATE SOLUTIONS PRODUCTS NOW
We said this already, but it’s worth repeating. Oatly’s products were the first in the world to be qualified as Climate Solutions Products by the ERI, UN Race to Zero Partner in 2024. Much thanks to our products having a significantly lower footprint than market-weighted average of the milk category, but also for our ambition to incentivize consumers and other stake holders to make the plant-based switch.
OUR HANDPRINT!
When people switch from cow's milk to oats, fewer emissions are forced into our atmosphere. These avoided emissions, our "climate handprint," is the joint efforts of our own sustainability work and the good choices of consumers like you. Through our growing sales, consumer insight surveys, and Life Cycle Assessments (LCAs) of our products in comparison to dairy, we get an estimated volume converted from cow's milk to Oatly products, and the resulting climate emissions avoided measured using a methodology developed with Quantis, a leading environmental sustainability consultancy.
PRODUCT CLIMATE FOOTPRINT DECLARATION
By the end of 2024, 225 of our SKUs carried, on our packaging or website, a climate footprint declaration, which is calculated using the LCA methodology and verified by CarbonCloud. This accounts for 78% of our sales volume globally.
CHINA UPDATE!
In March 2024, Oatly completed the first-ever product carbon footprint assessment in China’s plant-based milk industry for our 1L Barista Edition Oat Milk produced at our Ma’anshan factory.
WALK & TALK
We led and participated in key conversations at both London Climate Action Week and NYC Climate Week, talking about the road to scaling regenerative agriculture and inserting food into the climate conversation. Together with Food Tank, Oatly helped gather over 100 like-minded purpose driven companies to discuss the issues facing brands such as ours, and how we can come together to amplify our message.
BUNDESTAG BREAKFAST
We continued our work for mandatory climate labeling in Germany. In collaboration with the Together for Carbon Labelling (TCL) initiative and a bunch of smart people we hosted a parliamentary breakfast at the German Bundestag to put the topic on the agenda for the new government.
FIRST CLASS
Partnering with Yicai Global, we held a “Sustainable First Class” seminar about sustainable development, carbon management, climate change, sustainable food systems, and regenerative agriculture.
LOVE IS BLIND
The results of a blind taste study conducted by an independent market research institute, in which 53% of participants surveyed in Germany and 50% of those surveyed in Poland preferred Oatly Barista over cow’s milk in their filter coffee, confirmed that we can lead with taste to drive our vision for sustainable change.
TASTY CHANGE
We brought our soft serve ice cream to more college and university campuses and worked with the largest theme park in Southern California to help chefs make awesome plant-based recipes in their parks.
THE BARISTA
EXPANSION
We expanded our Oatly Barista range in Europe with tiny 20 ml cartons perfect for trains, hotels, and places who can avoid food waste through single serve packaging. An extra-large 1.5 liter pack , a Barista Lighter/Lighter taste for those that crave a lighter coffee experience, and Barista Organic.
GLOCAL
We joined the Spanish plant-based association Vegetales, reinforcing our global practice of partnering with local organizations and associations to promote plant-based diets, reduce emissions and push for policy change towards sustainable food systems.
TO THE XCREAM
We reintroduced Oatly creamers in North America and expanded to more stores, now more people have the chance to upgrade their coffee with tasty treats while keeping it plant-based.
A SMALL BATTLE
We published the Small Healthy Book in the EU and UK with evidence-based, accessible communication on key nutritional attributes of oat drinks and key topics in nutrition and health such as glycemic response and ultra processing, to educate and help battle popular misinformation in social media.
VOAT
Leading up to the 2024 European Parliament Elections, we joined forces with Patagonia to educate, mobilize and engage people in the elections, our VOAT campaign called on voters across Europe to make the climate heard at the ballot box.
SILENT BARISTA
Since the Silent Barista Project was launched in September 2020 in China, we have trained over 300 hearing-impaired baristas from more than 12 provinces. 112 trainees have earned Specialty Coffee Association certificates, and 82 individuals have secured full-time positions. Our community of over 600 silent baristas makes us the leading company in the coffee industry for training certified hearing-impaired baristas.
THIS IS THE
BEGINNING!
KEEP
SCROLLING!
OAT DEFAULT
In North America, we worked with colleges and universities to activate “Oat As Default” in schools around Earth Day, with Oatly being served as the default milk in all drinks unless a customer specifically requested otherwise.
THIS IS
NOT THE
END!
We're at an important time in history. As companies and governments across the globe are taking a step back, we choose to go in the opposite direction and broaden our sustainability goals. Read the updated sustainability plan here.