Mowi leads sustainability index for fourth year in a row
Seven salmon farmers in top 10 of new Coller FAIRR ranking
The world’s biggest salmon farmer, Mowi, has been ranked the most sustainable company among 60 of the world’s biggest animal protein producers for the fourth year in a row.
And six other salmon farmers are in the top 10 of the newly published 2022 Coller FAIRR Protein Producer Index which assesses producers on critical environmental, social and governance (ESG) issues.
Grieg Seafood (Norway) was listed second, and Lerøy Seafood (Norway), co-owner of Scottish Sea Farms, was fourth. Salmones Camanchaca (Chile) is in sixth place, Bakkafrost (Faroe Islands and Scotland) in eighth, Multi X (Chile) in ninth, and SalMar (Norway and Iceland) in 10th.
Tasmanian salmon and prawn farmer Tassal Group, which was recently bought by Canadian salmon farmer Cooke, is 13th.
Coller FAIRR's 10 key ESG areas
Greenhouse gas emissions
Deforestation & biodiversity
Water use & scarcity
Waste & pollution
The Index is designed to provide financial institutions with best-in-class data, analytics, and trends on the protein sector to integrate into their investment decisions and engagement strategies.
It aims to enable investors to assess how well key suppliers in the food chain are managing ESG risks and rates companies as high, medium, or low risk investments based on their ESG policies.
Mowi, Grieg, and Lerøy are all rated low risk, although no company achieved a good enough score to achieve Coller FAIRR’s Best Practice rating.
Salmones Camanchaca and Multi X, Bakkafrost, SalMar, and Tassal are all classed as medium risk.
The Japanese company Nippon Suisan, which owns Chilean fish farmer Salmones Antártica, is 26th on the list and is classed as high risk.
'At the forefront'
Speaking about Mowi’s achievement of coming top for the fourth year in a row, chief executive Ivan Vindheim said: “This shows again that Mowi is at the forefront of sustainable food production. I am proud and humbled to lead an organisation that is a recognised leader in sustainable food production.”
Mowi’s chief sustainability and technology officer, Catarina Martins, added: “Our ultimate goal is to unlock the potential of the ocean to produce more food for a growing world population in a way that respects our planet, so we are extremely proud to be named the most sustainable protein producer and see our hard work recognised once again.”
Read more about the Coller FAIRR Index and see the company rankings here.