To align our efforts with global priorities, we have integrated the UN Sustainable Development Goals (SDGs) in our strategy. Our sustainability work is centered around five concrete focus areas, each describing our approach to contribute to achieving a corresponding SDG, including SDG14 Life below water. Our focus areas are:
- Healthy and nutritious food (linked with SDG2)
- Thriving oceans (SDG14)
- People leadership (SDG8)
- Responsible production (SDG12)
- Climate action (SDG13)
Cermaq's ambition is to produce healthy and nutritious food to a growing world population, and play a role in improving the environmental footprint of the global food system. By aligning our work with the SDGs which we can significantly impact, we can achieve more progress and pursue common opportunities in collaboration with our customers, local communities, public and private partners.
Our focus area Thriving Oceans are directly linked with SDG14, and we have targets and KPIs in place for the material topics of each focus area. Material topics include fish health and welfare, biodiversity, biosecurity, feed sourcing and incredients, and certifications. We report internally and externally on these topics quarterly and annually.
To support a sustainable blue economy, we need more data, accountability and the ability to measure progress and improve performance in own operations and in the industry. That is why we prioritize transparency, performance and partnerships in our work to drive progress on SDG14.
Our approach to achieving progress is thus based on three pillars:
- Transparency: We are transparent in our work to create trust, ensure traceability and be accountable to our stakeholders. Our audited annual sustainability reports and quarterly online performance updates are examples of how we work on transparency.
- Performance: We work continuously to create sustainable value through operational excellence, research and innovation. We focus on our highest impact areas and innovate across disciplines to create shared value with society for the long term. One measure to achieve this is ASC certification.
- Partnerships: We share knowledge and engage in partnerships to find solutions to common challenges. This means collaborating on key issues, sharing knowledge and engaging in dialogue. Our active engagement in the Global Salmon Initiative (GSI) and Seafood Business for Ocean Stewardship (SeaBOS) illustrates some of our partnership activities.