News
26.09.2025
Cermaq Sustainability report for fiscal year 2024 is out
The global focus has changed dramatically over the past year, and in many ways the world is less stable than before. At the same time, climate change and loss of biodiversity are happening at high speed. Hence, sustainable food systems are as important as ever before.
We are proud to share how we’ve progressed in this context. Transparency is needed for having common facts which is the basis for common truth and building trust.
We present our performance, which is great in many areas and lags our ambitions in other areas. We are happy to share our results in, for example, health and safety, GHG intensity from the feed, and special recognition for welfare practices for humane slaughter. And we are equally transparent in areas where we lag our ambitions, for example reduction in total GHG emissions.
This report covers our salmon farming operations in Canada, Chile, and Norway, with consolidated data at group level. It also includes selected insights from our commercial offices.
In line with the CSRD regulations, we focus on opportunities in addition to risks. There are truly many opportunities in salmon farming. Technology development in general and digitalization in particular represent exciting potential, novel ingredients in feed spanning from better use of resources to GMO and CRISPR technology are encouraging, and new ways of cooling and transportation of salmon may broaden market opportunities.
EU has decided to postpone the implementation of CSRD regulations, and our report is not compliant with CSRD. Hence, the entire report is not audited, but key performance indicators have limited assurance.
Cermaq’s fiscal year 2024 is 1. April 2024 – 31 March 2025.
