CEO About Sustainability

CDP and SBTi – two recognitions to the quality of oursustainability work

We included sustainability in our strategy as far back as in 2010. We have gradually worked more intensively and in a more structured manner with this area and today we are at the absolute forefront with regard to sustainability and sustainable food, now with a particular focus on plant-based products. Over the year, we received two recognitions to the quality of our
work when the Science Based Targets initiative (SBTi) approved our targets for reduced emissions, and the environmental initiative CDP ranked us as one of the best listed companies in the world reporting to them. We have set ambitious targets and have achieved a great deal in recent years, although we remain humble and are aware that much remains to be done. We have built an internal organisation and structure to handle sustainability
issues efficiently. We have, among other things, applied a special reporting system for several years, which is fundamental for effective internal efforts.

Major investments in plant-based products

A paradigm shift is taking place in the food market, entailing consumers switching from meat to plant-based protein sources. Demand is increasing steadily as more and more people are seeing the benefits of a plant-based diet, not least because plant-based products are one of the most
effective ways of reducing the climate impact of food. We have made major investments in our manufacturing unit in Spain, and the plant is now the hub of our plantbased meat-alternatives. We have increased our capacity
and can now work with new product formats and exciting products under our brands, generating new market opportunities. Towards the end of the year, we received a breakthrough order for plant-based meat-alternatives from
Spain’s largest grocery chain Mercadona.

Midsona ranks among the best listed companies reporting to the CDP

During the year, Midsona also gained recognition for its climate strategy and our leadership of the global, non-profit environmental initiative CDP. By achieving an A- grade, Midsona ranks among the best listed companies in the world. The CDP’s annual process is considered the gold standard
for corporate environmental transparency because it measures actions and performance in mitigating climate related risks and reducing greenhouse gas emissions. We are very proud to have gained this recognition from
CDP, as it demonstrates that we maintain a globally high level in our climate work. Work continues to accelerate the reduction of Midsona’s climate impact with the goal of reaching net-zero emissions by 2045.

SBTi approves Midsona’s target for reduced emissions

In 2021, our emissions reduction targets were approved by the international cooperative body Science Based Targets initiative (SBTi). This means that Midsona’s targets agree with the levels required to achieve the objectives of the Paris agreement. We signed our commitment to the SBTi back in the
autumn of 2020, committing to establishing ambitious and scientifically-based emissions targets for 2021 in accordance with the SBTi’s criteria. Midsona’s emissions mapping and emissions targets are in line with the longterm objective of achieving zero emissions in the second half of the century and represents a significant milestone for Midsona. We are now continuing the process of assessing the measures necessary to accelerate Midsona’s reduction of its climate impact.

Dedicated employees uphold oursustainability work

Midsona will remain a sustainability leader in its industry and, thanks to the dedication of our employees, we have had a positive development towards our sustainability targets. We continue to manage Midsona sustainably by developing our long-term sustainability processes and offering additional healthy and sustainable products, focusing on plantbased alternatives.

Peter Åsberg
President and CEO