Climate and nature risk

Financial risks driven by climate change or loss of biodiversity is on our agenda. Grieg Seafood is committed to reduce our impact on both climate and nature, and to utilize the opportunities of a low carbon economy.

Climate risk

Climate change and the world’s efforts to mitigate it will impact all industries in the years to come. Grieg Seafood is committed to mitigate physical and transitional risks, and to utilize the opportunities that a low carbon economy brings.

Grieg Seafood have identified climate risks both in our production and our supply chain. In our annual report of 2019, we started reporting on climate risk and mitigation in line with the Task Force on Climate-related Financial Disclosures (TCFD). Read our assessment here.

Grieg Seafood has set climate reduction targets approved by the Science Based Target initiative, and are developing our plan to deliver on the targets. Read more about our work on our main website.

We will work to continuously reduce our impact on nature.

Nature risk

Financial risks driven by loss of nature and biodiversity is a relatively new topic on the agenda in the financial world. For salmon farmers, however, reducing our impact on nature and protecting biodiversity have been part of our core operations for a long time.

Still, we are not satisfied with where we are yet, and need to continue to reduce our impact on nature. Especially material to Grieg Seafood is our impact on ocean ecosystems, wild salmon and other marine species. Read more about how we work to reduce our footprint in production and our value chain here.

Many initiatives are underway to establish a financial reporting and disclosure system to better report on risks related to nature and biodiversity loss. Grieg Seafood is following this development with the aim of reporting according to recognized standards once they are in place.

Other topics on the agenda