Mowi has been ranked the most sustainable protein producer for the third year in a row by the award nominated Coller FAIRR Protein Producer Index, published days ago. This report, now in its fourth edition, assesses 60 of the largest listed global meat, dairy and aquaculture companies on ten environmental, social and governance themes aligned with the Sustainable Development Goals (SDGs).
One of the largest seafood companies in the world, and the world’s largest producer of Atlantic salmon, scored 81 out of 100 and was rated ‘Industry Best’ against many of the criteria aligned to the SDGs including greenhouse gas emissions, deforestation and biodiversity, use of antibiotics, animal welfare, working conditions, food safety and governance.
Speaking about Mowi’s ranking on the Coller FAIRR Protein Producer Index, Ivan Vindheim, CEO of the company, said that “this shows again that Mowi is at the forefront of sustainable food production. I am proud and humbled to lead a company and an organisation that is a recognised leader in sustainable food production. Importantly, the Index highlights that aquaculture and salmon farming is part of the solution toward shifting to a green economy.”
Mowi claims to be the only salmon producer with full internal control of our genetics, feed, farming operations, harvesting, processing, logistics, sales and marketing. In that regard, Catalina Martins , Chief Sustainability and Technology Officer, added: “I am delighted to see Mowi’s sustainability strategy and achievements being recognised in this global rating. For three years in a row now, Mowi is considered the most sustainable animal protein producer in the world. This achievement is the result of hard work and passion for what we do every day: producing food that is good for people and good for the planet!”
The salmon market continues on the road to full recovery
Another Mowi achievement is that the company recorded record high revenues of 1035 million euros. Operational EBIT was 131 million euros, compared with 80 million euros in the third quarter of 2020.
Demand for salmon continued to recover from Covid-19 lockdown measures during the third quarter as foodservice activity improved further and retail demand remained at strong levels. This led to a significant rebound in salmon prices compared with last year and increased earnings by 64% year-over-year.
“It’s positive to see that the salmon market continues on the road to full recovery. The estimated value of salmon consumed globally in the third quarter increased by more than 30% compared with last year and reached a new record-high level for a quarter. This is particularly impressive given that not all markets have yet fully recovered from the Covid-19 pandemic,” Vindheim said.
Grieg Seafood ASA and Lerøy Seafood Group ASA, ranked 2nd and 4th
The 2021 Coller FAIRR Protein Producer Index report found that aquaculture companies, primarily salmon companies, continue to perform better than animal protein producers on all risk factors, especially deforestation and biodiversity and antibiotics. On average, aquaculture also shows the most improvement year on year, demonstrating the sector’s focus on managing its sustainability risks versus its land-based peers.
Companies headquartered in Europe are paying more attention to deforestation and antibiotic risks, making them the strongest performing region. In fact, Mowi is joined in the top five ranked companies by fellow aquaculture companies Grieg Seafood ASA and Lerøy Seafood Group ASA, both headquartered in Norway, who are ranked 2nd and 4th respectively.
The Index is designed to provide financial institutions with best-in-class data, analytics and trends on the protein sector to integrate into their investment decisions and engagement strategies and is positively shaping trends in the $1.6 trillion global protein market, by shedding light on where corporate policy or disclosure is behind the curve. It has become the go-to resource for investors to assess how well key suppliers in the food chain are managing environmental, social and governance (ESG) risks.
Some of them are: greenhouse gas emissions, deforestation & biodiversity, water use & scarcity, waste & pollution, antibiotics, working conditions, animal welfare, food safety, governance and sustainable proteins.