Climate Change Data

Environmental Metrics

ESG Focus Areas

• Circular Economy
• Climate Change
• Biodiversity
• Resource Efficiency
• Waste Management

Environmental Achievements

• Estimates that Europe can save around 650 Mt of CO2e from otherwise hard-to-abate sectors by 2040 through circularity initiatives.
• Projects a 55% reduction in material emissions by 2040 through circular economy initiatives.

Social Achievements

• Research suggests net job creation as a result of the circular transition.
• Improved consumer purchasing power in food, mobility, and durable consumer goods.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• The current linear resource use causes large economic and environmental problems. Some 850 Mt of CO2 emissions (equivalent to 22% of Europe’s total) are released from material production for European use and waste management.
• Serious consequences for biodiversity through large claims on land.
• Value losses of at least EUR 70 billion annually for the economy.
• Significant import dependency for key products and raw materials.

Mitigation Strategies

• Shifting to a more circular economy could reduce material emissions by 55%, in total saving over half a gigaton of CO2e.
• Implementing a circular material system often makes economic sense and can help address some of the most pressing societal challenges—from increased productivity to climate objectives, biodiversity, and strategic autonomy.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Sustainable Aquaculture
• Resilient Food Systems
• Climate Change
• Biodiversity
• Animal Welfare

Environmental Achievements

• Reduced CO2 footprint by 67% in farmed salmon (compared to current challenge)
• Reduction in aquafeed shortage by substituting soy protein concentrate and reducing air freight

Social Achievements

• Improved fish welfare through enhanced harvesting methods and preventative measures
• Investments in Nofitech and STIM to support sustainable aquaculture practices

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Escape of farmed salmon threatening biodiversity
• Animal welfare issues from parasite treatments
• Unsustainable sourcing of feed ingredients
• Global climate impact of feed production and transportation
• Pathogens and parasites in salmon farming

Mitigation Strategies

• Investment in land-based and closed-pen farming
• Development of alternative feed ingredients
• Preventative measures to improve fish health (vaccines)
• AI operational control systems
• Improved harvesting methods to reduce stress and mortality

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Sustainable sourcing of feed ingredients

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Development of energy-efficient products

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• SDG 2 (Zero Hunger)
• SDG 3 (Good Health and Well-being)
• SDG 13 (Climate Action)
• SDG 14 (Life Below Water)

Sustainable aquaculture contributes to food security, improved nutrition, climate change mitigation, and marine ecosystem health.

Sustainable Products & Innovation

• Alternative feed ingredients, land-based farming systems, closed containment systems, vaccines

Awards & Recognition

• Not disclosed