Member AUM
$75 trillion

Grieg Seafood ASA

GSF:NO NO0010365521
Key Information
HQ:
Norway
Market Cap:
$0.8bn
Primary Markets:
North America, Europe & Russia



Coller FAIRR Protein Producer Index

Analysis Overview

Greenhouse Gas Emissions Deforestation & Biodiversity Water Use & Scarcity Waste & Pollution Antibiotics Animal Welfare Working Conditions Food Safety Sustainability Governance Alternative Proteins

Analysis Breakdown

Risk Score

74/100
Low Risk



Greenhouse Gas Emissions

71/100

Scope 1, 2 & 3 Target
55/100
Type of Target
0/0
Strength of Target - SBT
2.75/5
Source(s): Annual Report 2022, page 43, 44, 45; Science-Based Target Webpage

Innovation on GHG Emission Reduction
60/100
Innovation to Reduce Agriculture Emissions
1/1
Feed Farming Innovation
1/2
Animal Farming Innovation
1/2
Source(s): Annual Report 2022, page 43; CDP Climate Change 2022, page 81; Grieg Seafood CDP Climate Change 2022, page 2, 76, 77; R&D Activities; Sustainable feed ingredients

Quality of GHG Inventory
80/100
Quality and scope of GHG inventory Completeness
1.5/1.5
Feed & Animal Farming Emissions
1/2
Transparency of GHG Inventory
1.5/1.5
Source(s): Annual Report 2022, page 44; CDP Climate Change 2022, page 47; Emissions Audited by PwC; Grieg Seafood CDP Climate Change 2022, page 47, 48, 58, 59, 60, 70

Emissions Performance
90/100
Overall Emission Performance
4.5/5
Source(s): 2022 CDP Climate Change, page 47; Annual Report 2022; CDP Climate Change 2021, page 40

Climate-related Scenario Analysis
70/100
Climate-related Scenarios Analysis Conducted
1/1
Disclosure of Analysis Results on Material Risks
2.5/3
Disclosure of Financial Material Events & Alignment of CAPEX
0/1
Source(s): 2022 CDP Climate Change, page 81; Annual Report 2022, page 12, 23, 27, 31; CDP Climate Change 2022, page 30; Grieg Seafood CDP Climate Change 2022, page 15, 16, 27; TCFD Report 2022, page 3, 6, 7



Deforestation & Biodiversity

83/100

Deforestation/Conversion-free Target - Soy for Animal Feed
100/100
Risk Assessment to Identify High-risk Locations
5/5
Source(s): Annual Report 2022, page 46, 47; Grieg Seafoods CDP Forests 2022, page 5, 6, 43; Zero deforestation and conversion Webpage

Engagement, Monitoring & Traceability - Soy for Animal Feed
100/100
Supplier Engagement
1.25/1.25
Compliance monitoring & Traceability
3.25/3.25
Feed Innovation
0.5/0.5
Source(s): Annual Report 2022, page 46, 47; CDP Forest Response 2022, page 85, 86; Grieg Seafoods CDP Forests 2022, page 40, 44, 76, 85, 86; Supplier Code of Conduct Webpage; Zero deforestation and conversion Webpage

Aquaculture Certification (ASC, BAP, GlobalGAP, SSP)
100/100
Proportion of Farms Certified
5/5
Source(s): Annual Report 2022, page 39

Feed Ingredients & Conversion Ratios
68/100
Feed Disclosure
2/2
Performance of Feed Metrics
1.38/3
Source(s): Annual Report 2022, page 24, 28, 32, 37, 46, 47; Sustainable marine ingredients Webpage

Feed Innovation
60/100
Strategy
1.5/2.75
Performance
1.5/2.25
Source(s): Annual Report 2022, page 46, 47, 146; Grieg Seafoods CDP Forests 2022, page 41, 84; Group Waste Management Policy 2022, page 2; Sustainable Feed Policy 2022, page 5

Sea Lice Management - Salmon (Fish at Sea Only)
80/100
Sea Lice Disclosure & Management
2/2
Cleaner Fish
2/3
Source(s): Annual Report 2022, page 9, 25, 29, 32; Cleaner fish health and welfare Webpage; Co-existence with wild salmon Webpage

Ecosystem Impacts
75/100
Escapes
2.5/3.25
Reducing Biodiversity Impacts
0.75/1.25
Algal Blooms
0.5/0.5
Source(s): Annual Report 2022, page 9, 36, 65; Co-existence with wild salmon Webpage; Co-existence with wildlife Webpage; Mitigating harmful algal blooms Webpage



Water Use & Scarcity

38/100


Water Use & Scarcity in Feed Farming
38/100
Supplier Engagement in Water Use in Feed Farming
1/2.5
Disclosure of Water Risks in Feed Farming
0.5/1.5
Source(s): Annual Report 2022, page 146; Grieg Seafoods CDP Forests 2022, page 87, 89; Nature-Related Risk Reporting for Investors 2022, page 11; Sustainable Feed Policy 2022, page 4; Zero deforestation and conversion



Waste & Pollution

47/100

Wastewater at Facilities
40/100
Disclosure & Targets for Wastewater Quality & Volume Discharged
0.5/1.5
Transparency on Water Pollution Risks
1/2
Performance on Wastewater Quality & Volume Discharged
0.5/1.5
Source(s): Annual Report 2022, page 15, 71, 145; Group Policy Freshwater Use 2022, page 2; Waste management Webpage

Nutrient Management in Feed Farming
25/100
Supplier Engagement in Nutrient Pollution Risks
1.25/4
Innovation to Improve Nutrient Management in Feed Farming
0/1
Source(s): Annual Report 2022, page 145; Grieg Seafoods CDP Forests 2022, page 87, 89; Nature-Related Risk Reporting for Investors 2022, page 11; Sustainable Feed Policy 2022, page 4

Nutrient Management in Aquaculture
75/100
Disclosure of Pollution Risks in Animal Farming Operations
3.75/4.5
Performance on Pollution Management
0/0.5
Source(s): Algal Bloom Management Plan (Aug 2022).pdf, page 1; Annual Report 2022, page 26, 30, 32, 34, 37, 67; Environmental Impact Webpage



Antibiotics

100/100

Policy on Antibiotics Use
100/100
Policy on Antibiotics Use
5/5
Source(s): Annual Report 2022, page 27, 31, 58; Use of Antibiotics 2021, page 1

Disclosure of Quantity of Antibiotics Used
100/100
Disclosure of Quantity of Antibiotics Used
5/5
Source(s): Annual Report 2022, page 9, 23, 31, 147; Fish health and welfare Webpage



Animal Welfare

72/100


Aquatic Animal Welfare
53/100
Welfare Policy
2/2.5
Reporting on Animal Welfare Metrics
0.66/2
Reporting on Measures to Improve Welfare
0/0.5
Source(s): Annual Report 2022, page 14; Fish density on our farms Webpage; Fish health and welfare Webpage; Group Policy- Fish welfare of salmon and cleanerfish 2021, page 3

Disease Management - All Fish
90/100
Mortality Rates
3.5/3.5
Disease Outbreak
1/1.5
Source(s): Annual Report 2022, page 9, 14, 25, 29, 31, 33, 57; Survival rate in freshwater 2022, page 1



Working Conditions

76/100

Human Rights
90/100
Strength of Policy
1/1
Due Diligence Process
3/3
Evidence of Remediation
0.5/1
Source(s): Annual Report 2022, page 48, 49; Group Policy Human Rights 2022, page 2, 5; Human Rights Progress Report, page 3, 5, 7; Human rights Webpage

Fair Working Conditions
81/100
Policy for Direct Operations
2.35/3
Monitoring & Discosure
1.68/2
Source(s): Annual Report 2022, page 48, 49, 67, 68; Code of Conduct Webpage; External Whistleblowing Channel; Group Policy Human Rights 2022, page 2, 3; Human Rights Progress Report, page 5; Human rights Webpage; Supplier Code of Conduct Webpage

Safety & Turnover Data
70/100
Committee representation of workers
0.73/2
Disclosure of safety and turnover data
2.75/3
Source(s): Annual Report 2021, page 75; Annual Report 2022, page 48, 51, 52; Grieg Seafood Integrated Annual Report 2021.pdf, page 74; Grieg Seafood_Annual Report_2020_Single page version.pdf, page 110; Health and Safety Webpage

Freedom of Association
62/100
Strength of Policies
1.8/3
Disclosure of Collective Bargaining Metrics
1.3/2
Source(s): Annual Report 2022, page 49, 50; Group Policy Human Rights 2022, page 2; Supplier Code of Conduct Webpage



Food Safety

100/100

Food Safety System
100/100
Certifications
3.5/3.5
Performance
1.5/1.5
Source(s): Annual Report 2022, page 39, 41; Our certifications; Q2 2023 Report, page 21; Safe Food Webpage

Product Recalls & Market Bans
100/100
Product Recall Systems
3/3
Performance
2/2
Source(s): Safe Food Webpage; Withdrawal and recall.pdf



Sustainability Governance

83/100

Assessment of a Company's Sustainability Governance
83/100
Board Sustainability
1.75/2
Incentives & Policy Engagement
1.88/2.5
Innovation & Benchmarking
0.5/0.5
Source(s): 2022 CDP Climate Change; Annual Report 2022, page 13, 15, 16, 56, 68, 70, 75, 139; Corporate Governance; ESG Corporate Governance Table; ESG Indexes; Management Webpage; Partnerships and Collaboration Webpage; Principles of Corporate Governance; R&D Activities



Alternative Proteins

5/100

Diversification of Products to Alternative Protein Sources
5/100
Existing product portfolio
0.25/2.5
Investing for future growth
0/2.5
Source(s): TCFD Report 2022

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