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"Our customers show a growing attention and interest in the transparency about the products and our production", says CEO Geir Molvik.

Cermaq Ranked #1 in Transparency Benchmark of Top 100 Seafood Companies

  (NORWAY, 2/9/2017)

Again, Cermaq has been rated as the most transparent company in the seafood business, providing customers with insight and building trust based on the company's leadership in sustainability.

Seafood Intelligence has released its report where the 100 largest seafood companies are rated for its transparency.

“We are pleased to comment on Cermaq’s performance as the firm has consistently displayed an outstanding level of transparency, since we started monitoring the salmon farming industry’s performance seven years ago” comments Bertrand Charron, Editor of Seafood Intelligence and author of the yearly 'Top 100' seafood sustainability reporting & transparency benchmark.

Cermaq's company structure is based on operating companies in Chile, Canada and Norway, and a lean head office located in Oslo, Norway.
 
Sustainability, transparency, and comprehensive reporting are key parts of Cermaq’s operations.
 

“Our customers show a growing attention and interest in the transparency about the products and our production. Our comprehensive and audited reporting provides customers insight and trust which is key for building partnerships” says Geir Molvik, CEO of Cermaq.

The Business Idea of Cermaq is “to bring sustainable salmon from egg to plate”, which effectively means that the company is focused on salmon farming in the entire value chain. 
 
Cermaq’s sustainability engagement goes beyond the company’s own reporting. Cermaq has been a driver for industry sustainability as one of the founding members of the 'game-changing' Global Salmon Initiative (GSI) in 2013.
 

In the past months, Cermaq has selected a few key engagements to actively contribute to the United Nations Sustainable Development Goals (SDGs), and in particular Goal 14, Life below water. Prioritized partnerships include the ‘Keystone Dialogues’ together with seven of the largest global seafood companies including Cargill and Thai Union. The partner companies are committed to lead the way on ocean sustainability through concrete commitments to transparency and sustainable practices in their operations and in their supply chains.

Cermaq’s policies and guidelines are key elements for corporate governance that enables the company to operate efficiently and consistently, while maintaining the necessary oversight.
 
In January, Cermaq also joined the FReSH initiative to integrate sustainable aquaculture in the ongoing work to define healthy and sustainable diets, and roadmaps for responsible food production. This initiative is led by EAT and the World Business Council for Sustainable Development, and includes 25 companies e.g. Danone and Unilever.

The new hatchery at Forsan, Steigen was inaugurated in October 2016, enabling Cermaq to be self-sufficient with smolt.
 
“These initiatives, and several others, are a clear demonstration of the firm’s dedication to ‘Sustainability’ issues in the realm of aquaculture and fisheries. Furthermore, the seafood industry and its stakeholders – from suppliers to retailers and consumers – should take stock of the fact that Cermaq is currently the world’s only seafood company tohave embarked upon – not only annual but also – quarterly sustainability reporting” says Bertrand Charron.
 
 Established in 1995, the history of Cermaq is a tale of transformation; from a grain trading company, to a global leader of salmon farming.
 
Cermaq will publish its quarterly results for Q4 2016 shortly and the full GRI sustainability report for 2016 in April. An executive summary of the 2016 report will be available in a hardcopy.

About Cermaq

Cermaq is the world's second largest companies in farming of salmon and trout, with operations in Norway, Chile and Canada. Cermaq is a fully owned subsidiary of Mitsubishi Corporation with head office in Oslo, Norway.

Source: Cermaq

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Address: Grev Wedels plass 5, Sentrum - P.O. Box 144
City: Oslo
State/ZIP: (NO-0102 )
Country: Norway
Phone: +47 23 685 000
Fax: +47 23 685 099
E-Mail: [email protected]
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