Climate Change Data

Environmental Metrics

ESG Focus Areas

• Not disclosed

Environmental Achievements

• Not disclosed

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• New center drain design weakness resulted in March 23 mortality event.
• Splitting of growout systems increased financial impact of March 23 mortality event.
• Internal chiller plant breakdown caused temporary temperature instability and increased costs.
• Drum filter area, ozone, and protein skimmers not fully commissioned reduced Q1 2021 feeding and growth.
• Batch 1 maturation resulted in reduced growth, high FCR, and lower price achievement.
• Construction and commissioning-related issues caused suboptimal conditions, reduced growth, and increased cost in Q1 2021.

Mitigation Strategies

• New center drains will be gradually installed over the next 2-3 months.
• Splitting of growout systems is being completed.
• Internal chiller plant will be electrified by Q2 2021.
• Drum filter area, ozone, and protein skimmers will be fully commissioned by Q2 2021.
• Addressing Batch 1 maturation issues through improved operational practices.
• Implementing an action plan to address construction and commissioning challenges.

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

• Fish health
• Environmental impact of salmon feed
• Freshwater consumption
• Packaging
• By-product utilization
• Carbon sequestration
• Job creation

Environmental Achievements

• 25% of fish oil replaced with domestic land produced Algal Oil (Veramaris)
• Marine derived ingredients (FFIF1) down to under 0.75
• 50% reduction in use of Styrofoam due to compostable and recyclable shipping boxes
• Estimate ~120 tons of CO2 captured per day (Phase 1+2) with deep injection well
• ~95% of the water used is saline water from the Floridan aquifer

Social Achievements

• 100% of by-product from fileting operation sold as pet food ingredients
• American heart association "heart check" certified
• 166 employees as of December 31, 2021
• Local job creation

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Risk of mortality events
• Breakdown of the chiller plant (“PEC”) in Q1 2021
• Underutilized capacity

Mitigation Strategies

• All growout systems split in two, limiting individual incidents from six to three tanks
• Center drains modified throughout the facility, reducing the risk of initial smaller mortality disrupting the flow of new water into the tanks
• Key water quality parameters adjusted after a thorough vetting process, significantly reducing H2S toxicity and CO2 levels in the water
• Organizational restructuring with higher amount of staffing outside regular working hours
• The Facilities Operation Advisory Board (the “FOAB”) vetting activities outside standard operating procedures
• Additions and fine tuning of automation systems, including operational dashboards
• USD11.0m in temporary chiller and generator rental costs

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: American heart association "heart check" certified

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

• GHG emissions
• Renewable energy transition
• Recyclable packaging
• Feed sustainability
• Circular economy
• Community engagement

Environmental Achievements

• Reported Scope 1 & 2 GHG emissions based on management and supplier estimates for 2022. Commitment to include Scope 3 reporting in 2023 report.
• Engaged with Florida Power and Light to plan transition to renewable energy.
• 80% of finished product packed in compostable and recyclable shipping boxes.
• Maintained FIFO under 1, making us a net marine protein producer.

Social Achievements

• Supported several community initiatives with employee representation.
• American Heart Association "heart check" certified.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Production negatively impacted by higher-than-normal mortality requiring feeding and production to be put on hold while work was ongoing.
• Average price achievement in H2 2022 was reduced by a high share of small fish harvested, tied to biological challenges where fish growth was slower and harvest weights lower.

Mitigation Strategies

• Significant infrastructure improvements, including major biofilter upgrades and new water chiller system to ensure safe production environment.
• Focus on heavy infrastructure upgrades and operational improvements.

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: American Heart Association "heart check" certified

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

• Product Responsibility
• Economic Responsibility
• Environmental Responsibility
• Social Responsibility

Environmental Achievements

• Eliminated airfreight transportation of salmon, reducing carbon footprint.
• Achieved 99% water recirculation in Bluehouse.
• Reduced freshwater usage in farming operations.
• Introduced algal oil, replacing 25% of fish oil in feed.

Social Achievements

• Launched "Going Further" Employee Recognition Program.
• Increased Overall Workplace Experience score to 63%.
• Improved employee engagement score to 60%.
• Added two weeks of parental leave.

Governance Achievements

• Obtained SQF certification.
• Maintained American Heart Association Certification.
• Implemented a new remuneration policy.

Climate Goals & Targets

Environmental Challenges

• Biofilter reset project and insufficient water chiller reliability resulted in higher temperatures and mortality rates.
• Supply chain disruptions due to inflation.
• Elevated mortality rates due to temperature issues.

Mitigation Strategies

• Upgraded biofilter systems and installed new chillers.
• Adjusted procurement strategy and cost-cutting initiatives.
• Organizational restructuring and protocol improvements.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Code of Conduct adherence
• Collaboration with Skretting on sustainable feed.

Climate-Related Risks & Opportunities

Physical Risks

• Wind and water-related natural disasters

Transition Risks

• Increased feed costs
• Increased electricity prices

Opportunities

• Increased market demand due to limitations on sea-based salmon production.

Reporting Standards

Frameworks Used: GRI Standards, SASB, TCFD, UN Global Compact, UN SDGs

Certifications: Friend of the Sea, American Heart Association’s Heart Check, Parent Tested Parent Approved, SQF

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• SDG 2
• SDG 3
• SDG 5
• SDG 8
• SDG 9
• SDG 12
• SDG 13
• SDG 14

Atlantic Sapphire's initiatives contribute to these goals through sustainable aquaculture practices, healthy food production, gender equality, job creation, innovation, resource efficiency, climate action, and ocean conservation.

Sustainable Products & Innovation

• Bluehouse Salmon

Awards & Recognition

• Star of Innovation (2019)
• International Taste Institute Award