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CEO of BioMar Carlos Diaz. (Photo: Biomar)

BioMar Takes a Value Chain Approach to Sustainability

  (DENMARK, 7/4/2016)

The Sustainability Report 2015 of the BioMar Group outlines the company’s ambitious targets and initiatives for shaping an efficient and sustainable global aquaculture in collaboration with the entire aquaculture value chain.

“We are particularly proud to present our annual global Sustainability Report this year, as it really documents our strategic focus on sustainability and demonstrates how we work with our partners around sustainability. We disclose not only our ambitions but also our achievements so far in shaping the future of a truly sustainable global aquaculture with an approach which incorporates the entire aquaculture value chain,” said Carlos Diaz, CEO of the BioMar Group at the launch of the new report.

BioMar's facilities in Myre, Norway.

Carlos Diaz pointed out that BioMar together with partners in the value chain has decided to take a proactive approach to sustainability. “We have in BioMar for long believed that this proactive path was the right way for the industry, whereas the industry approach in general has been rather reactive. The change we see now is that our partners across the value chain also realize the potential of collaboration around sustainability, and that we together actually manage to bring the message all the way to the end consumer with new product concepts based on sustainability.”

The Myre factory in the Lofoten Islands opened in 1987 and was the first BioMar's factory in Norway.

The CEO of the BioMar Group sees this as an extremely positive development: “The fact that we can now optimize diets based on sustainability and document it throughout the value chain allows our customers to better position their products in the growing market for sustainable food products and thereby finally achieve a positive payback on the investments in more sustainable production methods.” Carlos Diaz emphasized the importance of corporate transparency in a time when consumers start to realize that the fish they eat are produced in aquaculture: “We are as an industry being challenged by the media, by NGO’s, and by some authorities, but overall we do have a very good story to tell, so we have to document and show what we do, because only this way we can capture the value we create.”

BioMar supplies high performance feed to more than 30 different fish species from cold water species like salmon, trout, cod, and halibut to Mediterranean and tropical fish species like bass, bream, meagre, cobia, tilapia and shrimp.

The Sustainability Report 2015 of the BioMar Group is an integrated report. “It tells the story of BioMar; who we are and what we do, our purpose, strategy, governance and business model, along with our sustainability programme and ambitions. The report is referencing the GRI G4 guidelines and aims to give our stakeholders a holistic view of the company and its future,” concluded Carlos Diaz.

BioMar produces a number of different feed types certified for farming of organic fish to cover this growing need. New feed concepts are constantly being developed in order to cater for new consumer trends and help customers grow their business.

BioMar’s Sustainability Report 2015 can be downloaded from BioMar’s sustainability portal www.biosustain.world (pdf file).

About The BioMar Group

The BioMar Group is a leading supplier of high-performance feed to the global aquaculture industry. Currently, BioMar operates 12 feed factories in Norway, Chile, Denmark, Scotland, Spain, France, Greece, Turkey and Costa Rica. Roughly one out of five farmed fish produced in Europe, South and Central America is fed on BioMar fish feed.

Worldwide, the BioMar Group supplies feed to around 80 countries and for more than 45 different species. The BioMar Group is wholly owned by the Danish industrial group Schouw & Co, which is listed on the Copenhagen Stock Exchange.

Source: BioMar Group

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