Grieg Seafood believes that strong corporate governance is an essential element in achieving our overall objectives and acting as a responsible organization. Our vision “Rooted in nature – farming the ocean for a better future” demonstrates our commitment to corporate responsibility by operating profitably and sustainably in a manner that conforms with fundamental ethical norms and respect for the individual, society and the environment.

The Board of Directors is committed to sound corporate governance, and our governance structure helps enable the Board to fulfill its fiduciary duties to our shareholders and helps ensure our long-term success.

The Board and management annually review Grieg Seafood Group’s principles and code of practice for corporate governance. The company abides by the latest Norwegian Code of Practice for Corporate Governance as recommended by the Norwegian Corporate Governance Board (NUES), published 14 of October 2021.

Grieg Seafood´s principles for corporate governance are based on standards such as the Norwegian Code of Practice for Corporate Governance as recommended by the Norwegian Corporate Governance Board (NUES), the Institute of Internal Auditors Norway’s guidelines for governance, in addition to best practices from, for example, the Euronext guidance on ESG reporting, the OECD Guidelines for Multinational Enterprises and the Global Reporting Initiative (GRI).

The materiality assessment is fundamental to our holistic and integrated reporting. Together with our stakeholders, we have identified our current and future positive and negative impact on the environment, economy and people, including human rights. The topics listed under our pillars is identified as important to our organization and our stakeholders, and is covered by group policies. Find an overview of our pillars, targets and Group policies here.

The materiality assessment is reviewed annually and the last revision took place in 2022. See the list of material topics reported in line with the GRI standards here. In addition to a range of stakeholder input, ESG assessment bodies like Coller FAIRR’s Index, CDP and Sustainalytics inform the assessment. See the feedback we have received from different ESG assessment bodies here.

​ You can learn more about our principles and how we work to improve in different areas on our global website.

In pursuit of our vision, we will face risks to our business strategy, operational risks, and risks associated with nature, climate and the protection of our employees, other assets, and reputation.

The Board exercises oversight of strategic, operational and financial matters, including the elements and dimensions of our major risks. The Board of Directors holds the CEO and the group management team accountable for following its strategies, maintaining a high standard of ethical and responsible business conduct, taking care of our employees and safeguarding human rights, and for assessing risks related to climate change and the environment. Day-to-day risk implementation and assessment are a line management responsibility. This means that corporate social responsibility is an integral component of all our operations, for all management teams, units, and departments. . As a part of our improvement initiatives, additional risk assessments in various areas will be conducted. For instance, we will look at how the availability of feed ingredients used (including marine ingredients and soy) will in the coming years impact production.

Read our Risk overview here. ​

Our quarterly report also provides a summary our quarterly risk assessment.

​Read our TCFD report and climate related scenario analysis here.