Global Organization for EPA and DHA Omega-3s (GOED)
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Environmental
- Social
- Governance
- Economic
Climate Goals & Targets
Long-term Goals:
- Net Zero emissions by 2050 (mentioned as a goal for the industry)
Environmental Challenges
- Declining wild caught fish populations
- Increased price volatility and geopolitical instability
- Contaminants in the oceans
- Plastic pollution
- Scope 3 emissions
Mitigation Strategies
- Sustainable sourcing and certification (MSC, Friend of the Sea)
- Growth of algal and plant-based oil alternatives
- Circular economy approaches (using byproducts)
- Sustainable packaging
- Renewable energy transition
- Improved oil refining techniques
- Collaboration with suppliers to reduce scope 3 emissions
Supply Chain Management
Responsible Procurement
- Sustainable sourcing certifications (MSC, Friend of the Sea)
- Traceability and transparency
Climate-Related Risks & Opportunities
Physical Risks
- Climate change impacts on fisheries
Transition Risks
- Regulatory changes
- Market shifts towards sustainable products
Opportunities
- Development of sustainable alternatives (algae, plant-based oils)
Reporting Standards
Frameworks Used: UN Sustainable Development Goals
Certifications: MSC, Friend of the Sea
UN Sustainable Development Goals
- SDG 2
- SDG 3
- SDG 7
- SDG 8
- SDG 12
- SDG 13
- SDG 14
- SDG 17
The report details how various industry trends relate to these SDGs.
Sustainable Products & Innovation
- Algal and plant-based omega-3 oils