Mowi has been ranked the most sustainable protein producer for the third year in a row by the award-nominated Coller FAIRR Protein Producer Index, published December 1st.

This research, now in its fourth edition, assesses 60 of the largest listed global meat, dairy and aquaculture companies on ten environmental, social and governance themes aligned with the Sustainable Development Goals (SDGs).

Overall, Mowi scored 81 out of 100 and was rated ‘Industry Best’ against many of the criteria aligned to the SDGs, including greenhouse gas emissions, deforestation and biodiversity, use of antibiotics, animal welfare, working conditions, food safety and governance.

Speaking about Mowi’s ranking on the Coller FAIRR Protein Producer Index, CEO Ivan Vindheim said: “This shows again that Mowi is at the forefront of sustainable food production. I am proud and humbled to lead a company and an organisation that is a recognised leader in sustainable food production. Importantly, the Index highlights that aquaculture and salmon farming is part of the solution toward shifting to a green economy.”

Chief Sustainability and Technology Officer, Catarina Martins, added: “I am delighted to see Mowi’s sustainability strategy and achievements being recognised in this global rating. For three years in a row now, Mowi is considered the most sustainable animal protein producer in the world. This achievement is the result of hard work and passion for what we do every day: producing food that is good for people and good for the planet!”

Focus on aquaculture

The 2021 report found that aquaculture companies, primarily salmon companies, continue to perform better than land animal protein producers on all risk factors, especially deforestation and biodiversity and antibiotics. On average, aquaculture also shows the most improvement year on year, demonstrating the sector’s focus on managing its sustainability risks versus its land-based peers. Companies headquartered in Europe are paying more attention to deforestation and antibiotic risks, making them the strongest performing region. In fact, Mowi is joined in the top five ranked companies by fellow aquaculture companies Grieg Seafood ASA and Lerøy Seafood Group ASA, both headquartered in Norway, who are ranked 2nd and 4th respectively.

About the Coller FAIRR Index

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 and is positively shaping trends in the $1.6 trillion global protein market, by shedding light on where corporate policy or disclosure is behind the curve. It has become the go-to resource for investors to assess how well key suppliers in the food chain are managing environmental, social and governance (ESG) risks:

1. Greenhouse gas emissions
2. Deforestation & biodiversity
3. Water use & scarcity
4. Waste & pollution
5. Antibiotics
6. Working conditions
7. Animal welfare
8. Food safety
9. Governance
10. Sustainable proteins

Click here for more information about the Coller FAIRR Index

We’re proud to report that we have held our position at the top of the league table of sustainable protein producers compiled by the FAIRR Initiative, published recently.

Coller FAIRR Protein Producer Index assesses the world’s 60 largest publicly-listed animal protein producers, worth a combined USD 338 billion. Firms are ranked against ten environmental, social and governance (ESG)-related criteria including GHG emissions, deforestation, antibiotic usage and working conditions.

“The fact that Mowi is one of only three companies to be ranked as low risk is a testament to the vision of our leadership team and the commitment of everybody at Mowi to execute this vision. 2020 has been and continues to be a challenging year for all businesses but as we approach the end of the year, I hope that this achievement instils a sense of pride with every member of staff,” says our CEO Ivan Vindheim.

Climate commitments

The authors of the Index were disappointed by the overall progress made by other sectors, especially meat and dairy suppliers, towards climate commitments. 86% of major meat and dairy suppliers failed to declare or set meaningful reduction targets for all greenhouse gas emissions.

Catarina Martins, Chief Sustainability Officer, explained Mowi’s progress against stated climate commitments: “We have adopted a global approach to climate change, through the development of a low-carbon business model. We have developed a low carbon transition plan which includes a comprehensive evaluation of our impact on climate change, relevant climate-related risks and opportunities, as well as proposals for climate change mitigation measures. We continue to work towards these targets and be transparent about our progress.”

Click here for a summary report of the FAIRR Index