Roquette

Carbon per million dollars of revenue. The legacy industry-standard reference (CDP, MSCI). Useful for cross-sector context, but distorted by margin — high-margin firms appear artificially efficient. Read alongside the operational and asset intensities for the full picture.

OpEx (operating expenditure) is the running cost of the business — staff, services, energy, materials. This shows how carbon-intensive operations are per million dollars of spend. Removes the margin distortion that revenue-based ratios introduce.

EVIC (Enterprise Value Including Cash) is the firm's total capital footprint — equity + debt + cash + minority interest. The EU's standard intensity measure (SFDR PAI 3) — answers: how much carbon does each million of capital deployed in this business produce?

PP&E (Property, Plant & Equipment) plus leased real-estate assets is the firm's physical infrastructure on the balance sheet. This shows the carbon intensity of that physical footprint — uses Scope 1+2+3 for consistency with the other headline intensities. Surfaces stranded-asset risk for asset-heavy firms.

Roquette is gradually increasing renewables in its energy mix. Six European, Indian and Chinese sites use biomass-fired boilers (wood, bagasse, rice bale) to produce heat/electricity. Many sites produce biogas from plant wastewater that replaces natural gas. In 2021, Panevezys (Lithuania) signed a PPA with Enefit Green for wind electricity (43 MW farm inaugurated Sept 2024). In 2024, 43,920 MWh of renewable electricity was purchased in Europe via PPAs. Total renewable energy consumption: 1,997,718 MWh (17% of total) in 2024. Planned biomass boiler at Lestrem (work starts 2025) replacing natural gas.

Roquette does NOT have a medium-term offsetting strategy via carbon credits — focused on reducing emissions first. The group invests in 'insetting' (offsetting within own value chain) via regenerative agriculture programs. In 2024, purchased certificates associated with low-carbon wheat and corn from French supply zones via Soil Capital, resulting in 2,945 tCO2eq of GHG elimination and reduction. Goal: 20 regenerative agriculture programs globally by 2030.

• Coal-to-gas conversion and biomass fuel switching

  In 2024, Roquette converted a coal-fired boiler to natural gas, ceasing coal use on all US sites, reducing emissions by ~75,000 tCO2eq/year vs 2021. Planned biomass boiler at Lestrem (France) using waste wood instead of natural gas, starting 2025 — funded by €33.5M ADEME grant.

• Energy efficiency 30@30 program (-30% specific energy by 2030)

  Group-wide energy efficiency program targeting 30% reduction in specific energy consumption (MWh/t) by 2030 vs 2021. Annual budget of €3-10M via internal project call. In 2024 generated 13,650 tCO2eq/year savings. Includes smart metering, more efficient equipment, optimization.

• Process electrification (MVR, electric boilers, heat pumps)

  Electrification of industrial processes in countries with low-carbon electricity. In 2024 built first group of Mechanical Vapor Recompression (MVR) systems in France (commissioned end Dec 2024) saving ~40,000 tCO2eq/year by reducing steam from natural gas combustion.

• Purchased chemicals: consumption reduction and low-carbon sourcing

  Three levers: optimize consumption (R&D reducing enzymes and processing aids); purchase low-carbon chemicals (e.g., 2024 study on low-carbon hydrogen — green H2 by electrolysis+renewables, pink H2 by electrolysis+French nuclear, blue H2 by gas reforming+CCS); supplier selection based on LCA carbon profile.

• Purchased agricultural raw materials: regenerative agriculture and certified sustainable supply

  Agricultural raw materials are the largest Scope 3 category. Targets: 20 regenerative agriculture programs by 2030 (joined Vivescia Transitions program in France, Truterra in US, PADV); 60% certified sustainable supplies (SAI, 2BSVS, ISCC) by 2030; purchase of agricultural carbon certificates via Soil Capital (2,945 tCO2eq in 2024).

• Low-carbon transport (HVO biofuel, multimodal, SAF, low-emission carriers)

  Four levers: optimize loading rates, reduce distances, multimodal/alternative fuels, low-carbon carriers. In 2024 Roquette France switched to HVO biofuel (saving 5,150 tCO2eq), Italy switched to HVO (-1,500 tCO2/year), Spain deployed first electric truck, China shifted to multimodal sea-road (-200 tCO2eq). Roquette Frères reduced transport emissions by 7% (4,425 tCO2eq) from 2021 to 2023.