Aquaculture for all

Cermaq Number One In Survey

Salmonids Sustainability +2 more

NORWAY - Cermaq was ranked number one in a benchmark report on the communication over environmental, corporate and social responsibility (CSR) amongst top salmonid farming and feed-producing companies worldwide.

Cermaq is also recognised for its pro-activeness which was demonstrated in the company’s Joint statement on Sustainable Aquaculture with two Norwegian environmental NGOs.

The benchmark report published by Seafood Intelligence on 11 August aims to assess the quality and quantity of CSR information intentionally and pro-actively communicated by the top salmonids farming and feed producing companies worldwide.

Cermaq was ranked as number one in the report, achieving a score of 8.5 of a total of 10.

The report states: "The main Oslo Børs-listed players have in the past two to three years made great progress and some began reporting by GRI Indexing standards."

"But even in Norway, many are still sorely lagging ‘behind’ the three firms which clearly come ahead of the ranking/grading. We believe other salmon farmers would do well to study how those firms report on sustainability indicators."

Acting CEO, Tore Valderhaug, says: 2We are happy for this recognition of the quality of our reporting. An important purpose of our reporting is to be transparent about our operations and to reach out to our stakeholders".

Cermaq reported for 2010 an integrated annual and sustainability report. The report was based on Global reporting Initiative (GRI) and expanded with customised indicators where GRI does not provide relevant indicators for the fish farming and feed operations.

The sustainability report was externally reviewed by KPMG according to, ISEA 3000 and AccountAbility’s standard AA1000 as a GRI report at level B+.

"We recognise that excellent reporting requires systematic and comprehensive contribution from all operating companies and all part of our organisation. The assessment in this report inspires us and encourages us to improve further," Mr Valderhaug continues.

The benchmark report was launched at the same day as Cermaq published the Joint Statement on Sustainable Aqcuaculture together with the two NGOs; ForUm and Friends of the Earth Norway, and the survey therefore includes a comment: " The Joint statement regarding ‘sustainable aquaculture’ by Cermaq, Friends of the Earth Norway and Forum for Environment and Development (ForUM), further strengthens the company’s sustainability commitment and will, we estimate, constitute a landmark statement in aquaculture industry/corporate communication on sustainable salmonfarming/aquaculture."

"This Joint statement further comforts – we believe – Cermaq’s co-leadership position in terms of social, corporate and sustainability reporting/environmental responsibility in the realm of global aquaculture."

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