Sustainability

The fast-growing global population coupled with increasing demand for protein, is putting unprecedented pressure on the planet. In this scenario, there is a challenge to produce protein and valuable essential fish oils efficiently and sustainably – a challenge which the aquaculture industry is stepping up to meet.

As the largest salmon farmer in the Faroe Islands, at Bakkafrost we have a duty to ensure we also do this responsibly; which means thinking long-term on economic, social, and environmental issues.

While the industry benefits from the one of the most efficient feed-to-food conversion ratios and relatively low CO2 emissions compared to other sectors, reducing our environmental impact remains a priority. With the longest fully integrated value chain in the salmon industry, we are in an advantageous position to further limit our emissions and have almost total traceability.

Our significant contribution to the Faroese economy, through employment, taxes and returns, means we have a big responsibility to everyone with an invested interest in the company.

By investing in the health of our business, our people, our salmon, the environment and the communities in which we operate, we believe we will achieve our vision to enable healthy living for millions of people globally and create long-term value for our stakeholders and society at large.

The Bakkafrost Difference

  • We have the longest fully integrated value chain in the salmon industry, giving us full traceability from fish feed to the final product.

  • We benefit from excellent water quality and circulation due to strong currents, and cool steady sea temperatures which creates excellent conditions for farming high quality salmon.

  • We have not used antibiotics on our salmon since 2004, and every year we are making new commitments to phase out the use of medicine to treat our salmon.

  • We have a lower than average feed conversion ratio. 

  • We became the first company to start filtering all the fish oil we produce for our feed, of dioxins and dioxin-like PCBs.

  • We only use Pro-Terra certified soybeans, rapeseed oil and marine ingredients certified as sustainable, and plant proteins and oils that are non-GM, in our feed.

  • We have one of the highest levels of omega 3 in our salmon.

Our Approach

We believe that by investing in the health of our business, our people, our salmon, the environment and the communities in which we operate, we will promote healthy living.

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Collaboration and Certification

Collaborating with the salmon industry is critical if we are to address the systemic sustainability challenges we face.

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Read more about our approach to community investment in our Healthy Living Sustainability Report.

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Reporting

From 2018 onwards, we will publish a comprehensive account of progress against the series of commitments we’ve made in our Healthy Living Plan, in our annual sustainability report.

Please find our latest report below:

2017 Healthy Living Sustainability Plan

Visit our investor pages for all of Bakkafrost’s presentations and reports.

Link to presentations and reports

Data
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