Climate Change Data

Royal Greenland A/S

Climate Impact & Sustainability Data (2015-2018, 2019)

Reporting Period: 2015-2018

Environmental Metrics

ESG Focus Areas

  • Sustainable fishing
  • Employee development, training and education

Environmental Achievements

  • Maintaining MSC certification of prawns and lumpfish
  • Working towards MSC certification of Greenland halibut and cod
  • Utilising by-products from primary production of fish and shellfish
  • Optimizing yields in fishing and production through experimental projects with new fishing equipment and exploring new technological possibilities

Social Achievements

  • Implemented workplace assessments and safety groups to improve working conditions
  • Prepared and implemented a code of conduct for employees
  • Improved communication in Greenland through website, intranet, and factory info boards
  • Strengthened personal development through courses and mentor schemes
  • Promoted professional competencies through training
  • Developed the company’s managers
  • Adopted a gender policy to focus on diversity

Governance Achievements

  • Signed and disseminated an anti-corruption policy
  • Transferred supplier management to the purchasing function, providing suppliers with information on Royal Greenland’s ethical requirements

Climate Goals & Targets

Environmental Challenges

  • Logistical and climatic challenges in efficient use of by-products from production and fishing
Mitigation Strategies
  • Long-term planning to create a sound basis for efficient use of by-products

Supply Chain Management

Responsible Procurement
  • Code of conduct for suppliers

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UN Global Compact, ISO 26000

Certifications: MSC (Marine Stewardship Council)

Reporting Period: 2019

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Sustainable Fisheries
  • Decent Work and Economic Growth
  • Responsible Consumption and Production
  • Life Below Water

Environmental Achievements

  • Increased the share of MSC-certified fisheries to 57%
  • Reduced trawlers’ energy consumption per tonne of finished product
  • Increased utilization of raw material in Greenland to 67%

Social Achievements

  • Launched Sulisa+ program for employee well-being, resulting in improved job satisfaction and loyalty scores
  • Established joint ventures with fishermen and employees in Northern Greenland
  • Reduced employee turnover rate

Governance Achievements

  • Maintained equal gender balance on the Board of Directors
  • Implemented anti-corruption training for 76% of the target group
  • Implemented a Supplier Code of Conduct and ethical supply chain management system

Climate Goals & Targets

Long-term Goals:
  • Achieve 95% MSC certification of important fisheries by 2030
Medium-term Goals:
  • Increase the number of trainees and apprentices to more than 50 per year
  • Reduce total energy consumption of land-based facilities
Short-term Goals:
  • Increase utilization of raw material in Greenland to minimum 80% within the next three years
  • Achieve MSC certification for inshore Greenland halibut and lobster fisheries

Environmental Challenges

  • Fluctuating quotas and catches
  • Declining cod volumes in Greenland's inshore waters
  • Increased competition and higher costs in Northern Greenland
  • Lower sales prices for cooked & peeled prawns in the second half of the year
  • Shortage of manpower in high season
  • Risk of breaches of human rights and employee rights among some suppliers
  • Shortage of skilled labor in Greenland
Mitigation Strategies
  • Diversification of raw material intake across several stocks and geographical areas
  • Value optimization of raw material and increased processing level
  • Investment in new trawlers with lower fuel consumption and increased capacity
  • Upgrading of facilities in Northern Greenland and establishment of joint ventures
  • Recruitment of manpower from other areas of Greenland and abroad
  • Implementation of Supplier Code of Conduct and ethical supply chain management system, including supplier audits
  • Offering traineeships and apprenticeships to develop skilled workforce

Supply Chain Management

Supplier Audits: Nine supplier audits conducted in China in 2019

Responsible Procurement
  • Supplier Code of Conduct
  • SMETA audits

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather conditions in Arctic regions
Transition Risks
  • Regulatory changes concerning energy consumption and emissions
Opportunities
  • Development of energy-efficient products and processes

Reporting Standards

Frameworks Used: Null

Certifications: MSC, BRC, IFS

Third-party Assurance: EY Grønland Godkendt Revisionsanpartsselskab

UN Sustainable Development Goals

  • Goal 4 (Quality Education)
  • Goal 8 (Decent Work and Economic Growth)
  • Goal 12 (Responsible Consumption and Production)
  • Goal 14 (Life Below Water)

Initiatives related to sustainable fisheries, employee well-being, ethical supply chain, and education

Sustainable Products & Innovation

  • Prawn meal from dried prawn shells
  • Nutaaq cod products
  • Chilled Selection range
  • Mini Fillet of Fish

Awards & Recognition

  • Not disclosed