Green visions for
a blue future
ESG Report 2024, from page 50
ESG report 2024
The ESG report for 2024 is integrated in our Annual Report and covers the environmental, social, and governance initiatives implemented at Norcod. It reflects our ongoing commitment to sustainability, transparency and collaborative partnerships. Within the report, you will find efforts to minimise environmental impact, support communities and uphold ethical standards.
Integrated annual report 2024Sustainably from
fjord to fork
Our vision is to be the leading producer of sustainably raised cod. Rooted in this vision is an unyielding devotion to sustainability and transparency.
This means prioritising both the welfare of our cod and the impact on the marine environment, always striving for improvements and innovation to raise the bar for sustainable aquaculture practices.
· Zero use of antibiotics
· Certified feed ingredients
· Best possible score on seabed impact surveys
· Tools to prevent, detect and fully control maturation
· 98% cod utilisation
· Low carbon footprint, nutritious protein
Transparency Act
The purpose of the Norwegian Transparency Act is to promote businesses’ respect for basic human rights and decent working conditions regarding the production of goods and the provision of services. Furthermore, the Transparency Act must ensure the general public access to information about how businesses handle negative consequences for basic human rights and decent working conditions.
Norcod works actively to adapt to the requirements and expectations set by the Transparency Act. We are continuously in the process of assessing our own operations, suppliers and business partners. We will always answer all questions to the best of our ability in accordance with the obligation to provide information in the Transparency Act.
For more information about how Norcod works to ensure basic human rights and decent working conditions, send an e-mail to: apenhetsloven@norcod.no and we will reply as soon as possible.
“Through the production of sustainable protein from the sea, we take our responsibility to economic, social and environmental sustainability seriously. We believe that more of the world’s food production should come from the sea.”
Christian Riber Chief Executive Officer
Sustainable goals
Since its inception, Norcod has had an unwavering commitment to uniting productivity with animal welfare and minimal carbon emissions. Our mission is to ensure that a larger share of the world’s future food supply will be sustainably produced at sea. Our cod farming contributes towards seven of the UN’s 17 sustainable development goals:
SDG 2 - Zero hunger
Our scalable and efficient production method can produce and supply a high-quality protein source for a growing world population.
SDG 3 - Good health and well-being
Cod is an excellent source of high-quality protein, vitamins and minerals. Lean fish such as cod also has a low quantity of persistent organic pollutants.
SDG 5 - Gender equality
With our devotion to people, we strongly emphasise equality in all levels of our organisation. We focus on building a diverse workforce, creating fair employment, ensuring development and providing equal opportunities for both men and women.
SDG 8 - Decent work and economic growth
Growth and innovation are embedded in our business strategy. In this, we emphasise using new technologies and continuously improving our practices. This enables us to create more safe and meaningful jobs and allow us to be an inclusive and attractive employer providing its employees the best possible work environment.
SDG 12 - Responsible consumption and production
Farm raised cod is among the most efficient food sources in terms of required input, has a low carbon footprint compared to land raised animals, low feed conversion ratio, low freshwater consumption and a high edible yield.
SDG 13 - Climate action
We equip production sites with onshore power and invest in hybrid service vessels to reduce direct GHG emissions. We are continuously evaluating and developing our feeding strategy. This is part of our strategy to reduce our carbon footprint, by virtue of lowering our FCR.
SDG 14 - Life below water
Without healthy oceans our fish cannot thrive, hence we seek to minimise our impact on the environment. We have implemented new feeding technology to reduce the risk of microplastics pollution, we are certified with practices and reporting that monitor our work, and we continuously monitor our impact on local ecosystems.
Certifications
Norcod is the world`s first dedicated cod farming operation to secure GlobalG.A.P Aquaculture standard certification. Since its inception the organisation has served to build trust and integrity in agricultural practice generally, and is now the most widely accepted private-sector food safety certification in the world.
Additionally, our young company is in the process of securing ASC certification for responsible aquaculture practices relating to environmental impacts, workers’ rights and local engagements.
Always in season.
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