Why Grieg Seafood is dedicated to sustainability

A fish farmers´ main cost drivers, risks and opportunities are increasingly connected to successfully managing our impact on the environment, our personnel and the local communities where we operate. Systematic efforts to secure balanced sustainability are therefore fundamental in order to facilitate long-term, profitable growth. These efforts are increasingly material for the industry´s viability.

Fish farming is based on the management of shared natural resources. Professional management of these resources is of high interest to our stakeholders and is essential for our own profitability. The clearest example is fish biology, where operational challenges like disease, sea lice and escapes are central to the local ecosystem. The handling of these issues then has consequences for product quality, treatment costs and fish loss.

Fish farming requires that the local communities accept salmon farming in their areas. Hence it is important for Grieg Seafood to contribute with positive effects to the local communities where salmon is produced and processed, both with regard to environmental impact and in terms of social consequences.

We are an active member of the Global Salmon Initiative (GSI). GSI is a group currently comprising 17 companies which represent approximately 70 % of the global production of salmonids. The companies have committed to cooperation and transparency, in order to reach a shared goal of producing a sustainable and healthy product. A product that meets a growing population´s need for protein, whilst minimizing any negative environmental impacts, and positively contributing to a better society.

This initiative obliges us to seek ambitious goals relating to:

  • Minimising environmental impact
  • Securing sustainable feed
  • Continuing to improve our contributions to the development of local communities
  • Supporting economic growth and stability
  • Producing a healthy and nutritious product in a sustainable way

In 2014 we have, in collaboration with the other GSI members, continued to develop the focus of the initiative through regular meetings between the CEOs of the member companies. One priority has been to develop common performance indicators and approaches to transparency and communication.

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FAO predict growth in the world’s population to reach 9 billion by 2015.

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The need for protein is expected to increase by 70% world wide.

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Farmed fish could provide a daily food supply for more than 500 million people by 2050.