Cermaq's sustainability strategy

With our new strategy in place since 2016, Cermaq has geared up and refocused its vision as a driver for sustainable aquaculture.

The past decade the focus on sustainable development in the salmon industry has moved to the core of our operations. It has been a spectacular journey, and the next big ambition is to contribute to achieve global priorities. By aligning our strategy with the UN Sustainable Development Goals (SDGs), we are focusing on areas where we can have a significant impact and make a difference.

The most recent engagement is the UN GC Action Platform for Sustainable Ocean Business where Cermaq was the first business partner to for the initiative. This initiative focuses on SDG14 Life Below Water, and will engage UN partners, private sector partners, government partners, academia, and NGOs. 

Cermaq’s important work in the Global Salmon Initiative (GSI) since 2013 continues and is going forward, and we are expanding our efforts also outside the salmon industry.

As a consequence of our strategy, Cermaq has entered into selected partnerships with the seafood industry and the wider food sector within the areas of ocean stewardship and responsible food production. In 2016, we started a comprehensive dialogue with seven of the largest seafood companies in the world in the initiative Seafood Business for Ocean Stewardship (SeaBOS), and established clear commitments and work programs to transparency, ocean sustainability, innovation and responsible supply chains.

In 2017, we joined the FReSH program initiated by EAT and the World Business Council on Sustainable Development. Our goal is to contribute to reshape the global food system and develop frameworks for healthy and sustainable food production, and integrating sustainable seafood in diets worldwide.

Cermaq’s approach to sustainability is based on the pillars of transparency, partnerships and performance. We believe a company which openly reports its results also has a better overview of its risk and opportunities, a stronger basis for dialogue with stakeholders, and a better ability to actually make progress on material topics. At the same time, strong partnerships enable us to achieve more progress on common challenges such as the SDGs, and be at the forefront of innovation. We are the only company in the industry to have audited sustainability reports, and the only seafood company with quarterly performance updates online. We hope there will be more companies who follow.

Our efforts have not gone unnoticed, and we are proud to have been ranked #1 of 100 seafood companies in Seafood Intelligence’s flagship report on transparency in the global seafood industry in 2017. In 2016, we were recognized as a corporate champion on SDG14: Life below water by DNV GL in their report "The future of spaceship earth", projecting progress towards the SDGs.

As one of the world’s largest seafood companies, we recognize that we are a part of a small but very influential group. And we have a responsibility to ensure that the seafood industry is not only profitable but also sustainable, working to achieve progress on the SDGs, in particular those related to the sea. With our partners, we represent a global force that can – and intend to – make a positive difference.

 

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