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Aquaculture Magazine reports:
The global company BioMar presented a few days ago its 2023 Sustainability Report, in which its executives highlight the commitment and activity of the leading company in the promotion of aquaculture worldwide. Among other things, the report reflects the strategic vision and focus on using innovative solutions and services.
In the report, BioMar Group CEO Carlos Diaz expressed his satisfaction with the strong financial performance in 2023, when his team achieved a record not only in financial results but also in its commitment to sustainability and innovation. “This proves that investment in these areas pays off!” he assured.
“Aligned with our strategic vision, we continued to advance our BioSustain program to bring sustainability metrics to our customers. We see the industry embracing sustainability data to truly understand the impact of aquaculture,” noted the Danish company executive, whose words open the BioMar report.
For him, 2023 was a landmark year for advancing the company’s sustainability goals and positively influencing its global footprint. “Our strategic initiatives focused on enhancing product innovation, optimizing sustainable feed solutions and strengthening our market presence worldwide,” he assured.
At the end of his participation on the report, Díaz extend his gratitude to our employees, partners and customers for your unwavering support and shared vision. “Together, we are not just building a business, we are shaping the future of global aquaculture.”
Dual Materiality Assessment
For his part, Chief Sustainability Officer, Vidar Gundersen, explains in the report that BioMar has recently completed a Double Materiality Assessment (DMA) to help enable a significant stride towards comprehensive sustainability governance. This pivotal analysis helps enhance the company sustainability strategy by ensuring that their actions and priorities align with the most material aspects for their business and stakeholders.
The DMA process is also a foundational first step for complying with the EU Corporate Sustainability Reporting Directive (CSRD) and the Environmental Sustainability Reporting Standards (ESRS) regulations.
By identifying the ESG factors (environmental, social and governance) that are most material to our operations and our stakeholders, we ensure that our sustainability reporting is relevant, robust and representative. This assessment underlines our proactive approach to meet and exceed regulatory expectations, embedding sustainability deeply into our corporate decision-making processes,” said Gundersen.
For the Sustainability Director, BioMar‘s commitment “to sustainability is driven by our people. We empower employees, partners and communities to drive change. Through targeted training and the promotion of an innovation culture, we enable each team member to contribute actively to our sustainability goals. By investing in people, we are advancing our sustainability agenda as we shape a more responsible aquaculture industry.”
BioSustain impact benchmarks
The report makes it clear that BioMar has taken decisive steps to define what sustainability means in its operational and product strategies through the creation of the BioSustain Impact Parameters. These include reducing their carbon footprint, improving the fish in fish out ratio, and significantly increasing the use of circular and restorative ingredients in their products.
“This strategic pivot not only enhances our sustainability profile, but also aligns with key areas where seafood can make a significant difference in reducing global environmental impacts. This sets a new benchmark for responsible and innovative aquafeed production,” he said.
Concluding his contribution in the report, Gundersen explains that, going forward, the company remains steadfast in their “steadfast in our Above & Beyond strategy, which integrates sustainability into the core of our business model. We have already sliced one third of our 2030 emissions reduction target. We will continue to engage with our suppliers to promote low impact and restorative practices throughout our supply chain.”
