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Cermaq Named Number One on Sustainability Reporting

Lucy Towers
23 August 2012, at 1:00am

NORWAY - For the second time Cermaq has been ranked as number one in Seafood Intelligence global survey on communication of sustainability.

Seafood intelligence has released a benchmark of the sustainability reporting of the 36 largest salmon farming companies globally. The companies were ranked and assessed against more than 200 indicators and principles.

The main rating dimensions were comprehensiveness, relevance and frequency of reporting. Cermaq, including its farming division Mainstream, was number one in all the three dimensions and was ranked as number one with a total score of 7.19 out of 10.

"Through transparent reporting we tell openly about our sustainability results and invite our stakeholders to make up their own opinion. Transparent reporting is the best basis for dialogue with stakeholders and continuous improvement. I encourage everyone to look at our reporting and results at www.report2011.cermaq.com," says CEO Jon Hindar.

Cermaqs largest shareholder is the Norwegian Ministry of industry and trade. The Norwegian government has clear expectations that companies with state ownership should be leading in social responsibility within their industries and in their areas.

"It is very good news that Cermaq for the second year has been rated as no 1of the worlds leading farming and feed producers in the benchmark report about communication of the companys social responsibility. It is my hope that Cermaqs sustainability report can be an inspiration for others," says Minister of Industry and Trade Mr Trond Giske.

Cermaqs integrated annual and sustainability report is based on the Global Reporting Initiative (GRI), and expanded with customized indicators for aspects where GRI does not have indicators for fish farming and fish feed production, such as medicine use, sea lice, marine index etc. The report is reviewed by Cermaqs auditors based on ISEA 3000 as a GRI B+ report.

"Comprehensive reporting requires systematic work and contribution from all parts of our operations. All employees can be proud of this recognition," underlines Jon Hindar.