Scale Aquaculture Group AS
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:158,043.34 tCO2e/year
Scope 1 Emissions:2,796.34 tCO2e/year
Scope 2 Emissions:833.75 tCO2e/year
Scope 3 Emissions:155,774.25 tCO2e/year
Waste Generated:1,093 tons/year (Norway Seabased)
ESG Focus Areas
- Circular economy
- Technology for zero emissions and good animal welfare
- People and interaction
Environmental Achievements
- Avoided emissions of 846 tons of CO2 equivalent by not purchasing virgin plastic through lifespan extension of floating collars.
- Published two EPDs: floating collar and sinker tube.
- Reduced copper impregnation used at net service station to 33% (from 53% in 2022).
Social Achievements
- Launched a new training platform (LMS) to deliver consistent training across the organization.
- Improved Total Recordable Injury Frequency (TRIF) from 34 in 2022 to 22 in 2023 (Group).
- Increased number of women in leading positions to 38% (from 24% in 2022).
Governance Achievements
- Implemented a software solution to increase control and monitoring of important and strategic suppliers.
- Addressed two compliance breaches during 2023.
Climate Goals & Targets
Long-term Goals:
- Achieve net zero emissions by 2050
- Achieve 100% recycled or non-fossil raw materials by 2030
- Achieve 40% women in leading positions by 2030
- Achieve >90% waste to material recycling by 2030
- Achieve all products with EPDs by 2030
Medium-term Goals:
- Achieve >70% waste to material recycling by 2025
- Achieve >50% recycled or non-fossil raw materials by 2025
- Achieve 30% women in leading positions by 2025
- Achieve TRIF of 5 or lower by 2025
- Achieve 100% of suppliers responding to questionnaires by 2025
Short-term Goals:
- Reduce water consumption by 10% by 2025
- Reduce the accident rate for our employees
- Increase the degree of circularity in our business models
- Fine tune the new operational concepts to combat sea lice
- Launch the ScaleAcademy 2.0
Environmental Challenges
- Uncertainty and reduced investments in the fish farming industry due to the new resource tax regime in Norway.
- Sea lice infestations and general fish health issues.
- Supply chain disruptions due to geopolitical factors (e.g., war in Ukraine).
Mitigation Strategies
- Developed new technologies to combat sea lice (Vortex® and Subsea systems).
- Implemented cost control and proactive cash management.
- Closely monitored and managed risks related to raw material availability and cost.
Supply Chain Management
Supplier Audits: 47% response rate to questionnaires sent to 100 prioritized suppliers.
Responsible Procurement
- Code of Conduct for suppliers
- ESG responsibilities included in supplier contracts
Climate-Related Risks & Opportunities
Physical Risks
- Flooding
- Extreme weather events (storms, strong winds)
- Rising sea temperatures
- Sea level rise
Transition Risks
- New regulations and changes to existing regulations to constrain actions that negatively affect the climate
- Increased focus on resource productivity
Opportunities
- Development of lower-emission technology
- Increased circularity
Reporting Standards
Frameworks Used: WEF ‘Measuring Stakeholder Capitalism’ framework, GRI, SASB, TCFD
Certifications: ISO 9001, ISO 14001, Global GAP
UN Sustainable Development Goals
- Goal 7 (Affordable and clean energy)
- Goal 13 (Climate action)
- Goal 8 (Decent work and economic growth)
- Goal 3 (Good health and well-being)
- Goal 12 (Responsible consumption and production)
- Goal 14 (Life below water)
Initiatives contribute to these goals through reduced emissions, improved animal welfare, safe workplaces, and circular economy practices.
Sustainable Products & Innovation
- Vortex® semi-closed system
- Subsea submerged system
- eBox green retrofit solution for vessels
- New automated vaccination machine from Maskon
Awards & Recognition
- Best Buddies Award (ScaleAQ Chile)