Green visions for
a blue future
ESG Report 2023
ESG Report 2023
The ESG report for 2023 benchmarks 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 minimize environmental impact, support communities, and uphold ethical standards.
ESG Report 2023Sustainably from
Fjord to Fork
How do we increase the world’s food supply without causing extra strain on a planet that is already under immense pressure?
Sustainable aquaculture is essential to solving this global challenge. And our solution is grounded in a responsible 360-approach covering every part of our operation.
Stock health: No antibiotics used
Minimal impact: From fish, feed, and waste
Sustainable feed: Natural and highly digestible
High efficiency: Up to 98% fish utilization
Low emissions: Electric vessels instead of diesel
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 related to economic, social and environmental sustainability. 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. Farmed cod meets 7 of the UN’s 17 sustainable development goals:
2 - Zero hunger
Our scalable and efficient production method can produce and supply a high-quality protein source for a growing world population.
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.
5 - Gender equality
With our devotion to people, we strongly emphasize equality in all levels of our organization. We focus on building a diverse workforce, creating fair employment, and ensure development and providing equal opportunity for both men and women.
8 - Decent work and economic growth
Growth and innovation are imbedded in our business strategy. In this, we emphasize 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.
12 - Responsible consumption and production
Farmed 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.
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.
14 - Life below water
Without healthy oceans our fish cannot thrive, hence we seek to minimize 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 mentor our work, and we continuously monitor our impact on local ecosystems.
Certifications
Norcod is the world`s first dedicated cod-farming operation to sercure Global GAP Aquaculture standard certification. Since its inception the organisation has served to build trust and integrity in arricultural practice generally, and is now the most widely accepted private-sector food saftey certification in the world.
«We are very pleased and proud to be the first within our industry to obain this certification. It demonstrates the clear operational focus we`ve had from the outset on sustainability, and that Norcod is a responsible player in the aquaculture industry», said Norcod CSO Hilde Storhaug.
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.
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