August 25, 2021


Cermaq to cut 35% of emissions


Cermaq will cut 35% of its total greenhouse gas emissions by 2030, the company announced this month.


More electric boats and facilities, renewable energy, climate-friendly transport and feed will be important measures, making Cermaq one of five aquaculture companies that use science-based climate targeting (SBT).


Cermaq will reduce the company's climate emissions with approximately 350,000 tonnes CO2e within 2030.


"Farmed salmon is a climate-friendly food source and with our new measures, we will make Cermaq salmon even more sustainable. Our promise, "Seafood for a healthy future", provides reduced greenhouse gas emissions, less environmental impact and a positive contribution to societies in which we operate," Geir Molvik, chief executive officer of Cermaq, said.


He stated that sustainable farming has always been important for Cermaq and is crucial for meeting the expectations of society and customers.


"However, it is also a precondition for the future development of the aquaculture industry. We have a great responsibility to contribute to a healthy ocean," Molvik added.


Cermaq's climate target is based on the Science Based Target Initiative's framework.


"The expectations are increased when it comes to mitigating the drivers of climate change. We contribute with changes in our operations, but also set goals and measures for the entire value chain from feed production to transport to customers," Molvik said. "Saying that, in some areas, we cut emissions from a low base. We are also calculating our commitments to the climate target with the intention to grow, making the target even more ambitious."


Feed production and transport to markets account for the majority of the company's total climate footprint.


"Cooperating with suppliers and partners is necessary to improve the climate footprint of feed and transport options. This also requires innovation from our side in products and processing. That's why we engage in international partnerships to improve climate work in aquaculture both globally and locally," Molvik said.


Cermaq has made plans for major changes to electrification, access to raw materials and transport.


"A simple, but important measure will be to reduce diesel use at facilities and move towards electrical and hybrid solutions. At the same time, energy efficiency measures will make solid contributions to our operations in Canada, Chile and Norway," Molvik said.


According to Cermaq, the most important measures to reduce climate emissions are:


- Electrification of facilities and workboats;


- Transition from fossil energy sources towards renewable energy sources/hybrid solutions;


- Energy efficiency to reduce overall energy consumption;


- Set climate requirements for feed;


- Improve feed efficiency through use of new technology development that further reduces the feed conversion ratio;


- Internal research and development projects to reduce emissions;


- Streamline production for using less resources;


- Optimise means of transport to markets;trains and trucks with hybrid energy solutions and lower greenhouse gas emissions.


Additionally, through the Global Salmon Initiative, which represents 40% of all salmon producing companies globally, Cermaq is developing a greenhouse gas reporting framework for the aquaculture salmon sector together with the World Wildlife Fund. Cermaq's intention is to provide a consistent framework for reporting across the sector, as well as make it possible to compare seafood more accurately with land-based proteins.


Cermaq also leads the Seafood Work Track of the Ocean Action Platform in the United Nations Global Compact, the world's largest corporate initiative, and is currently developing a seafood guide on how to set science-based goals to meet the Paris agreement goals. The guide is for seafood companies around the world to encourage more seafood companies to set climate targets.


- Cermaq

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