June 14, 2021
BioMar launches its 2030 sustainability ambitions
BioMar has announced its 2030 sustainability ambitions on the back of the launch of its 2020 Sustainability Report on June 13.
The company's ambitious targets will seek to aid in the restoration of the environment, BioMar said. Two key areas will focus on reducing the impact of
aquaculture feeds while the third will enable capacity building in BioMar's communities.
"Humanity has burdened our planet and pushed beyond planetary boundaries. We must strive beyond sustainability and innovate with solutions that restore the planet while supporting its people. That is why we are setting forward this ambitious plan," said Carlos Diaz, chief executive officer of BioMar Group.
The three key areas that BioMar will deal with is Climate Action, Circular & Restorative and Enable People. Each category has several specific targets and objectives.
BioMar's 2030 ambitions are aligned with science-based solutions for restoration and the growth trajectory of the aquaculture industry for 2050. The company is setting verifiable science-based targets through the Science Based Targets initiative (SBTi), with emission reduction targets in line with a 1.5°C future, ensuring BioMar will achieve net-zero no later than 2050.
Aquaculture feed represents a significant proportion of the carbon footprint of farmed seafood. As such, BioMar's ambition is to reduce the carbon footprint per tonne of feed produced by one-third by 2030.
BioMar also commits to 50% of raw materials to be circular and restorative for both the planet and people by 2030. This will be achieved through innovation and sustainable sourcing with industry partners and is expected to redefine traditional aquaculture feed ingredients.
The Enable People category will focus on capacity building by committing to enable 100,000 people annually by 2030. These initiatives are designed to have a far-reaching effect across the world and will support the building of resilient societies.
"These new ambitions are intended to positively impact the environmental and social footprint of our feeds. Our farmers will directly benefit through these initiatives, for example with an additional reduction in their own on-farm carbon footprint," said Vidar Gundersen, global sustainability director at BioMar Group.