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Aquaculture FAIRRs well in protein production rankings

Atlantic Salmon Sustainability +3 more

Salmon farming firms have taken four of the top seven places in an index that assesses the sustainability levels of 60 of the world's key protein producers.

A Mowi salmon farm near Salten in Norway

The Coller FAIRR Protein Producer Index, which has been published today, assesses the world’s 60 largest publicly-listed animal protein producers, worth a combined $338 billion. Firms are ranked against ten environmental, social and governance (ESG)-related criteria - including greenhouse gas (GHG) emissions, deforestation, antibiotic usage and working conditions.

Mowi topped the index for the second year running, while Bakkafrost (3), Grieg (6) and Lerøy Seafood Group (7) – also made the top 10. Other seafood producers in the top 20 included CP Foods, Thai Union, Multiexport, Camanchaca and Salmar.

The primary purpose of the index is to enable and support investor decision-making on the protein sector. It is also a benchmark to help animal protein companies assess themselves against their peers in the sector and improve their management and reporting of risks.

The authors of the index were disappointed by the overall progress made by other sectors, especially meat and dairy suppliers, towards climate commitments. 86 percent of major meat and dairy suppliers failed to declare or set meaningful reduction targets for all greenhouse gas emissions.

Catarina Martins, Mowi’s chief sustainability officer, explained the company’s progress against stated climate commitments in a press release.

“We have adopted a global approach to climate change, through the development of a low-carbon business model. We have developed a low carbon transition plan which includes a comprehensive evaluation of our impact on climate change, relevant climate-related risks and opportunities, as well as proposals for climate change mitigation measures. We continue to work towards these targets and be transparent about our progress,” she said.