Oat milk brand Oatly has published an updated sustainability plan featuring goals to reduce climate emissions and contribute to societal net zero. The plan also outlines new commitments to protecting nature, promoting nutritious diets, and empowering people to help futureproof the food system.
With the publication of the plan, Oatly has become the first food and drink brand to qualify as a Climate Solutions Company, according to the Exponential Roadmap Initiative (ERI) framework. The ERI acknowledges that Oatly has reduced consumers’ climate impact by encouraging them to shift away from dairy.
Along with updating its targets to reduce greenhouse gas emissions across Scopes 1, 2, and 3, Oatly says it has become the first company to trial a new model called “Spheres of Influence” in partnership with Futerra and Oxford Net Zero. The model will determine how Oatly sets targets, measures, and reports on impacts outside of its direct value chain.
“To shift the global economy, we must scale climate solutions exponentially,” said Johan Falk, CEO of the Exponential Roadmap Initiative. “Companies delivering these solutions should be recognised for their low-emission alternatives to conventional products — helping shift industries, societies and countries onto a science-aligned path to net zero. We are proud to recognise Oatly as a climate solutions company in the Exponential Roadmap Initiative, and we applaud their willingness to lead boldly when it matters most.”
“Most comprehensive sustainability plan to date”
As part of its sustainability plan, Oatly has set updated emissions reduction targets aligned with the ERI climate solutions framework and global Carbon Law concept. These goals include contributing to societal net zero, reducing greenhouse gas emissions by 89% in 2050, counterbalancing remaining residual emissions with durable removals from 2050 onwards, and updating interim targets to achieve a 40% reduction in emissions by 2030, followed by a 70% reduction by 2040.
The news comes after Oatly published its financial results for the first quarter of 2025, which revealed a slight decrease in revenue. Despite this, the company says it is on track for its first full year of profitable growth in 2026.
“As we launch our most comprehensive sustainability plan to date, we’re proud to be recognised as the first food and drink ‘Climate Solutions Company’ for our role in transforming the broken food system,” said Jean-Christophe Flatin, CEO at Oatly. “It’s a responsibility we don’t take lightly.
“Our plan acknowledges the deep interconnections between climate, nature, people, and nutrition, and we’re calling on experts from these fields to work with us and pioneer the way forward. We do not have all the answers, and we’re committed to working with like-minded partners to keep us on track, as well as share our learnings along the way.”
