Climate Change Data

The Kingfish Company N.V.

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

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:88% of total energy use
Total Energy Consumption:10.1 MWh/year per ton of production
Water Consumption:4 m3/year per ton of biomass produced
Waste Generated:35 kg/year per ton of biomass produced
Carbon Intensity:Not disclosed

ESG Focus Areas

  • People and Community
  • Fish Health and Welfare
  • Environment and Innovation
  • Product Quality and Safety

Environmental Achievements

  • 7.5% reduction in carbon footprint (compared to 2022)
  • 33% reduction in marine resource dependency (compared to 2022)
  • 77% of the 25x25 Sustainability Campaign targets met
  • Residual waste per ton of biomass produced decreased to 35 kgs (a 52% reduction compared to 2020)

Social Achievements

  • Launched a new digital notification system to improve the reporting of incidents and near misses
  • Updated Human Resources Manual, Code of Conduct and Reward and Remuneration Policy
  • Established a Works Council
  • Provided 952 hours of skills development (51 training sessions)
  • Started offering English courses

Governance Achievements

  • Implemented sound organizational governance, resulting from ethical leadership, social responsibility, compliance and accountability
  • Maintained all certifications (ASC, BAP, Friend of the Sea, BRCGS Food Safety)

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Continued market development
Short-term Goals:
  • Work towards zero lost-time incidents
  • Complete Phase 2 processing facility
  • Fully operational wastewater treatment plants

Environmental Challenges

  • Higher production costs
  • Competition in the U.S. frozen market
  • Appeals against permits for Kingfish Maine project
  • 51% staff turnover rate
Mitigation Strategies
  • Enhanced operational efficiency, driven by lower FCR and new feed formulations
  • Strengthening sales and marketing capabilities
  • Continued operation of a research hatchery in Franklin, Maine
  • Review and update of HR systems, policies and procedures
  • Hiring of a procurement manager to improve sustainable procurement practices

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Sustainable alternatives to Styrofoam packaging
  • Sustainable feed sourcing

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: GRI

Certifications: ASC, BAP, Friend of the Sea, BRCGS Food Safety

Third-party Assurance: Baker Tilly (Netherlands) N.V.

UN Sustainable Development Goals

  • SDG 4
  • SDG 5
  • SDG 8
  • SDG 12
  • SDG 13
  • SDG 14
  • SDG 15
  • SDG 7
  • SDG 9

Details provided in the Sustainability Report for each SDG.

Sustainable Products & Innovation

  • Dutch Yellowtail

Awards & Recognition

  • Shortlisted for the National Entrepreneurship Prize