ESG indexes
Carbon Disclosure Project (CDP) Climate
2020 result: A-
Comment: Grieg Seafood has engaged with CDP Climate since 2018.
Carbon Disclosure Project (CDP) Forests
2020 result: A-
Comment: Grieg Seafood reported on CDP Forest actions for the first time in 2020.
FAIRR Index - Coller Fairr Protein Producer Index
2020 result: 5th place (2020)
Comment: Grieg Seafood is engaging with the index to better understand the concerns of our stakeholders and issues we should address in our reporting.
Sustainalytics ESG Risk Rating
2021 result: 29.5 - Medium Risk (where 0 is best)
Comment: We have been actively engaging with Sustainalytics during 2021 and managed to achieve a significant improvement in our overall ESG Risk Rating, even though the industry’s general risk exposure has seen an increase. We are going to continue our dialogue with Sustainalytics to better understand the concerns and issues we should address in our reporting and to make sure our efforts are reflected in the ESG Risk Rating.
MSCI ESG ratings
2020 result: A
Comment: Grieg Seafood started looking into the ESG Ratings’ methodology and criteria in 2020.
The Governance Group - EG 100 - the Oslo Stock Exchange
2020 result: A
Comment: Since 2019, Grieg Seafood has engaging with The Governance Group, which published its first “ESG 100 - The Oslo Stock Exchange” report in 2018. The report assesses the 100 largest listed companies on the Oslo Stock Exchange based on the three ESG dimensions. In 2020, Grieg Seafood maintained our top score from 2019.
GRI Global reporting initiative
2020 result: Audited
Comment: This is our second annual report prepared in accordance with the GRI Standards.
GSI Global salmon initiative
2020 result: Audited
Comment: We have reported to the GSI for several years. The GSI issues an annual sustainability report covering approximately 40% of the salmon farming industry.
NUES Norwegian code of practice for corporate governance
2020 result: In compliance
Comment: We adopted the Norwegian Code of Practice for Corporate Governance in 2007.
OECD guidelines for multinational enterprises
2020 result: -
Comment: We adhere to principles and standards for responsible business conduct.
OSE Oslo Stock Exchange
2020 result: -
Comment: We follow the Euronext guidance on ESG reporting.
TCFD Task force on climate-related financial disclosures
2020 result: -
Comment: Our second TCFD report has been published in connection with this annual report. We have also performed climate-related scenario analysis in 2020.
TNFD Task force on nature-related financial disclosures
2020 result: -
Comment: We are a member of the Observer Group to the TNFD. TNFD will build awareness and capacity to reduce the negative impacts of the financial sector on biodiversity.
EU Sustainable Finance Taxonomy
2020 result: n/a
Comment: From 2022, the EU taxonomy will provide a classification system for which economic activities can be considered environmentally sustainable. Aquaculture has not yet been included in the list of industries covered by the taxonomy. We are constantly monitoring developments in this area.