Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change
• Environmental Sustainability

Environmental Achievements

• Reduced CO2 emissions through freezing method and efficient cooking processes in the FRoSTA kitchen

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Sustainability
• Transparency
• Environmental Protection
• Social Commitment
• Responsible Sourcing

Environmental Achievements

• Reduced greenhouse gas emissions by 13% from 2007 to 2015
• Switched to 100% certified green electricity from Norwegian hydropower plants
• Reduced CO2 emissions per ton of finished product (specific figures not provided but mentioned as a success)
• Switched all FRoSTA brand products to “single frozen” and “frozen-at-sea” quality for Alaska pollock
• Packed FRoSTA Schlemmerfilets in environmentally friendly cardboard trays instead of aluminum trays

Social Achievements

• Donated 2% of the annual dividend sum to charitable projects since 2015
• Implemented a Code of Conduct based on ILO and ETI conventions for suppliers, focusing on decent working conditions
• Became a member of Sedex in 2015 to obtain detailed information about supplier working conditions and environmental effects
• Opened a transparent fish production facility in Bremerhaven allowing public viewing of production processes

Governance Achievements

• Increased transparency by printing the country of origin of each ingredient on all FRoSTA packaging
• Published the carbon footprint of FRoSTA products regularly on their website

Climate Goals & Targets

Environmental Challenges

• Weak euro impacting buying-in costs for fish (traded globally in US dollars)
• Increased amount of goods transported between plants

Mitigation Strategies

• Cost-cutting measures and price increases (partially offsetting the impact of the weak euro)
• Analysis and evaluation of investments for environmental impact (to address increased transportation)

Supply Chain Management

Responsible Procurement

• Strict standards for suppliers to avoid additives
• Long-term relationships and sustainability agreements with suppliers
• Regular visits by sourcing colleagues to ensure adherence to specifications
• Code of Conduct based on ILO and ETI conventions

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• New vegetable products from Lommatzsch

Environmental Metrics

ESG Focus Areas

• Sustainability
• Environment
• Social Responsibility

Environmental Achievements

• Introduced vegan dishes with plant-based meat alternatives, contributing to a better carbon footprint.
• Set goals to reduce CO2 emissions by 6% and water consumption by 5% by 2023.

Social Achievements

• Maintained operations during the pandemic, prioritizing employee health and safety with 2.7 mEUR spent on prevention measures.
• Employee stock ownership program with 536 employees participating (2020: 450).

Governance Achievements

• Implemented a code of conduct for all employees to promote responsible behavior towards each other, business partners, data, and the environment.
• Regular internal and external audits and penetration tests to address cyber risks.

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions due to raw material shortages and delays.
• Increased raw material, energy, and logistics costs.
• Reduced Handelsmarken production due to some trading partners not extending contracts with necessary price increases.

Mitigation Strategies

• Increased material stockpiles to better prepare for supply chain challenges.
• Implemented timely price adjustments to offset cost increases.
• Focused on cost management and positive margin mix between segments.
• Concentrated fish raw material purchases in Bremerhaven for efficiency and currency hedging.

Supply Chain Management

Supplier Audits: Regular audits of suppliers, including those in BSCI risk countries.

Responsible Procurement

• Sourcing raw materials from over 30 countries.
• Requiring BSCI risk country producers to be certified according to an internationally recognized social standard (SA 8000, SMETA, or similar) since 2020.

Climate-Related Risks & Opportunities

Physical Risks

• Climatic harvest failures in vegetable and fruit procurement.

Transition Risks

• Increased energy and logistics costs.

Opportunities

• Development of energy-efficient products and processes.

Reporting Standards

Frameworks Used: Null

Certifications: IFS (International Food Standard), BRC (British Retail Consortium)

Third-party Assurance: BDO AG Wirtschaftsprüfungsgesellschaft

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Vegan dishes with plant-based meat alternatives
• Benessere & Gusto product line with recyclable eco-pouch

Awards & Recognition

• Not disclosed