Data

Please note that the data for Scotland in 2019 cover the full-year 2019 and not only the period after Bakkafrost’s acquisition of The Scottish Salmon Company on 8 October 2019.

HEALTHY BUSINESS DATA

Markets Served

	Western Europe	North America	Asia	Eastern Europe
2017	44%	18%	17%	21%
2018	31%	20%	24%	25%
2019	37%	22%	29%	12%
2020	67%	18%	8%	5%
2021	61%	19%	11%	9%
2022	67%	18%	9%	5% (excl. Russia)
2023	69%	19%	9%	3% (excl. Russia)

Customer Net Promoter Score

This is calculated based on the average customer score.

	Customer net promoter score	Average customer rating
2017	39	8.4/10
2018	32	8.2/10
2019	56	8.8/10
2020	53	8.9/10
2021	51	8.6/10
2022	43	8.4/10
2023	36	8.3/10

HEALTHY PEOPLE DATA

Bakkafrost Workforce

Please note: this data includes data from the Bakkafrost Group from the Faroe Islands, Scotland, the UK and US operations, and from 2022 data also includes Denmark and France operations.

Employees by gender and region (FTE)

Region	Unit	2023	2022	2021
Female	Full time equivalent	427.74	449.41	401.50
Male	Full time equivalent	1,257.88	1,328.27	1,251.50
Total	Full time equivalent	1,685.62	1,777.68	1,653

Workforce by type of employment

Only employees with a fixed end date are included in temporary employment.

In this report, employee numbers for Faroe Islands include our smaller operations in Bakkafrost UK and Bakkafrost USA.

Calculated as FTE

Permanent employees by gender (FTE)

Region	2023	2022	2021
Permanent employment - Female		445.85	393.50
Permanent employment - Male		1,324.58	1,242.50
Total		1,770.4	1,636

Temporary employees by gender and region (FTE)

Region	2022	2021
Temporary employment - Female, Faroe Islands	1	3 (including US & UK)
Temporary employment - Male, Faroe Islands	0.02	0 (including US & UK)
Temporary employment - Female, Scotland	2.56	5
Temporary employment - Male, Scotland	3.67	9
Temporary employment - Female, USA	0	n/a
Temporary employment - Male, USA	0	n/a
Temporary employment - Female, Denmark	0	n/a
Temporary employment - Male, Denmark	0	n/a
Temporary employment - Female, France	0	n/a
Temporary employment - Male, France	0	n/a
Temporary employment - Female, UK	0	n/a
Temporary employment - Male, UK	0	n/a
Total	7.25	17

Full-time employees by gender and region (FTE)

Faroe Islands: Part time employment is calculated using data for employees on a monthly salary working fewer than 40 hours, or employees hourly paid working fewer than 35 hours (on average).

Scotland: All staff are salaried with guaranteed hours and part-time is calculated as less than 40 hrs per week. Processing & Harvesting Operative are guaranteed 30 hrs but expected to work 40 hrs if required, therefore calculated as full time FTE.

Region	2022	2021
Full-time employment - Female, Faroe Islands	312.85	152 (including US & UK)
Full-time employment - Male, Faroe Islands	1,157.5	570 (including US & UK)
Full-time employment - Female, Scotland	96.66	101
Full-time employment - Male, Scotland	491.23	504
Full-time employment - Female, USA	5	n/a
Full-time employment - Male, USA	58	n/a
Full-time employment - Female, Denmark	26	n/a
Full-time employment - Male, Denmark	10	n/a
Full-time employment - Female, France	0.25	n/a
Full-time employment - Male, France	0.5	n/a
Full-time employment - Female, UK	1	n/a
Full-time employment - Male, UK	1	n/a
Total	1,470.35	1,327

Part-time employees by gender and region (FTE)

Region	2022	2021
Part-time employment - Female, Faroe Islands	129.4	142 (including US & UK)
Part-time employment - Male, Faroe Islands	165.42	170 (including US & UK)
Part-time employment - Female, Scotland	4.99	5
Part-time employment - Male, Scotland	5.18	8
Part-time employment - Female, USA	0	n/a
Part-time employment - Male, USA	0	n/a
Part-time employment - Female, Denmark	2	n/a
Part-time employment - Male, Denmark	0	n/a
Part-time employment - Female, France	0	n/a
Part-time employment - Male, France	0	n/a
Part-time employment - Female, UK	0.17	n/a
Part-time employment - Male, UK	0	n/a
Total	307.16	325

Non-guaranteed hours employees

Gender	2023	2022
Non-guaranteed hours employees, Female	252	245.69
Non-guaranteed hours employees, Male	403	487.8
Total	655	733.49

Workforce by age (FTE)

Full-time equivalent	2023	2022	2021
Under 30 years old	371.85	425.8	446
30-50 years old	803.08	837.66	721
Over 50 years old	509.62	513.3	484
Total

Workforce by age (%)

%	2023	2022	2021
Under 30 years old	22%	24%	27%
30-50 years old	48%	47%	44%
Over 50 years old	30%	29%	29%

Diversity of governance bodies and employees (%)

Bakkafrost Board of Directors

Gender	2023	2022	2021
Female	33.3%	33.3%	16.6%
Male	66.6%	66.6%	83.3%

Directors reporting to the CEO

Gender	2023	2022	2021
Female	15.4%	25%	n/a
Male	84.6%	75%	n/a

Line Management (incl. Directors reporting to the CEO)

Gender	2023	2022	2021
Female	19.3%	19.9%	n/a
Male	80.7%	80.1%	n/a

Bakkafrost New Hires and Turnover

This includes all employees hired throughout the year, with the exception of seasonal temporary hires who have worked fewer than 173 hours (equal to one month), who have been excluded from this data.

Employee hires by gender (heads)

	2020	2021	2022	2023
Female	122	133	144	98
Male	273	333	453	221
Total	395	466	597	319

Employee hires by age (heads)

	2020	2021	2022	2023
Under 30 years old	221	249	299	170
30-50 years old	130	164	207	111
Over 50	44	53	91	38
Total	395	466	597	319

Employee turnover by gender (heads)

	2020	2021	2022	2023
Female	189	152	135	160
Male	342	412	399	368
Total	531	564	534	528

Employee turnover by age (heads)

	2020	2021	2022	2023
Under 30 years old	304	322	274	221
30-50 years old	149	151	170	188
Over 50	78	91	90	120
Total	531	564	534	528

Bakkafrost Employee Training

The data includes internal registered training hours, but excludes all training from external suppliers, and not organised by Bakkafrost.

Average training hours per Full Time Equivalent by gender

Gender	2020	2021	2022	2023
Female	2.4	5.2	10.0	10.8
Male	10.0	15.3	19.58	27.9

Percentage of employees receiving performance reviews (of FTE)

Gender	2022	2023
Female	1.67%	1%
Male	13%	10%

Annual compensation ratio

	2022	2023
Ratio of annual total compensation, highest-paid / median employee - Faroe Islands	7.24	8.6
Ratio of annual total compensation, highest paid / median employee - Scotland	n/a	9.2
Percentage increase, highest-paid / median employee - Faroe Islands	0 / 9.43%	28% / 9.84%
Percentage increase, highest-paid / median employee - Scotland	n/a	18.36% / 4.43%

Employees covered by collective bargaining agreements

Country	2022	2023
Faroe Islands	92.97%	93.2%
Scotland	0%	0%
Denmark	78%	85.71%
US	0%	0%
France	0%	0%

Employees covered by agreements with conditions based on similar agreements

Country	2022	2023
Faroe Islands	7.03%	6.77%
Scotland	100%	100%
Denmark	0%	14.29%
US	0%	100%
France	0%	100%

Bakkafrost Occupational Health & Safety

	2022 (FTE weighted)	2023
LTI	49	44
Lost days rate	56.77	26.55
Lost Time Injury Rate (LTIR)	14.88	13.98
Fatalities	0	0
Absence rate	4.53%	3.93%

Faroe Islands (incl. US & UK)

Year	Lost time injuries	Lost days rate	Lost time injury rate	Fatalities	Absence rate
2017	45	-	28.74	0	---
2018	19	19.8	13.07	0	---
2019	18	21.8	10.23	0	4.83%
2020	18	31.28	9.63	0	3.9%
2021	21	37.93	10.68	0	4.11%

Scotland

Year	Lost time injuries	Lost days rate	Lost time injury rate	Fatalities	Absence rate
2019	34	120.5	30.92	0	6%
2020	28	90.3	24.19	0	6%
2021	23	266	22.7	0	4.9%

Where applicable, data has been calculated according to industry standard GSI formulas.

NB this data is now restated for the whole company, not only the farming division, as has been previously reported to the Global Salmon Initiative.

In calculating ‘lost days’, Bakkafrost includes only scheduled work days, beginning the day after the accident or injury.

In calculation 'lost day rate', Bakkafrost includes the number of 'lost days' due to injury. Calculated as: (Total number of lost days/total number of working hours)x 180,000.

In calculating 'lost time injury rate', Bakkafrost includes the number of injuries at work and work-related, including fatalities, leading to unfitness for work and absence from the next working day or working shift between January – December. Calculated as: (Total number of lost time injuries/total number of working hours) x 1,000,000.

Number of fatalities of workers and contractors working at company premises between January – December.

All absence related to one's own personal health. Calculated as: Total number of absent days/Total work days

Occupational disease rate is not available.

Lost Day Rate by Business Area

Faroe Islands / USA / UK

Employee category	2018	2019	2020	2021	2022 (only Faroe Islands)
Seafarers	0	21.8	0	0	-
Sea farmers	14.5	111.6	151.24	0	137.43
Hatchery farmers	28.9	0	16.84	21.93	7.15
Processing (factory workers)	37.8	10.7	13.05	64.23	81.83
Havsbrún	0	0	0	47.44	-
Administration	0	0	0	10.73	22.37
USA	-	-	279.24	38.53	-
Total	19.8	21.8	31.28	37.93	55.54

Scotland

Employee category	2020	2021	2022
Sea farmers	182.3	510.6	32.3
Hatchery farmers	45.4	0	26.4
Processing (factory workers)	57.6	192.83	19.1
Administration	0	0	0
Other	6.9	0	23.4
Total	90.3	266	23.96

Lost Time Injury Rate by Business Area

Faroe Islands / USA / UK

Employee category	2018	2019	2020	2021	2022 (only Faroe Islands)
Seafarers	0	6.9	0	0	-
Sea farmers	11	35.7	23.76	0	26.72
Hatchery farmers	19.2	0	10.40	4.97	13.24
Processing (factory workers)	23.3	8.0	8.44	19.58	13.64
Havsbrún	0	6.0	0	5.38	-
Administration	0	0	0	7.45	16.57
USA	-	-	-	9.31	-
Total	12.8	10.2	9.63	10.68	12.22

Scotland

Employee category	2020	2021	2022
Sea farmers	30.7	32.2	26.6
Hatchery farmers	21.9	0	31.5
Processing (factory workers)	30.2	30.6	12.9
Administration	0	0	0
Other	9.5	0	14.4
Total	24.19	22.7	19.43

Absentee Rate by Business Area

Faroe Islands

Employee Category	2019	2020	2021	2022 (only Faroe Islands)
Seafarers	2.7%	2.3%	1.9%	-
Sea farmers	4.4%	3.8%	2.7%	3.67%
Hatchery farmers	2.7%	2.3%	2.6%	4.24%
Processing (factory workers)	7.4%	6.1%	6.7%	6.99%
Havsbrún	2.7%	1.1%	2.9%	-
Administration	0.8%	0.4%	0.3%	1.26%
USA	-	1.2%	1.5%	-
Packaging	-	-	4.5%	-
FØRKA	-	-	0.1%	-
UK	-	-	0.1%	-
Total	4.83%	3.9%	4.11%	4.47%

Types of injuries in 2022 included abrasions, bruising, burns, concussion, cuts, fracture, ligament damage, pain, swelling

Scotland

Employee Category	2020	2021	2022
Sea farmers	3.9%	3.6%	3.05%
Hatchery farmers	3.6%	2.6%	5.26%
Processing (factory workers)	11.3%	7.5%	8.7%
Administration	1.4%	1.3%	1.47%
Other	6.6%	3.6%	3.7%
Total	6.4%	4.9%	4.9%

Types of injuries in 2022 included abrasions, blinding, bruising, burns, concussion, cuts, fracture, ligament damage, pain, strain, swelling

Accidents are reported to line managers which then report this to HR.

Bakkafrost has formal agreements with national workers unions which cover salary during work-related injury absence. 100% of these cover health and safety topics.

HEALTHY SALMON DATA

Customer Product Quality Score

	Not satisfied	Somewhat satisfied	Satisfied	More than or very satisfied	Reflecting views of customers representing share of total revenue
2016	0%	8%	30%	62%	-
2017	0%	4%	19%	77%	42%
2018	0%	3%	38%	59%	32%
2019	0%	2%	38%	60%	69%
2020	0%	4%	25%	71%	72%
2021	0%	2%	33%	65%	57%
2022	0%	8%	31%	62%	47%
2023	1%	4%	36%	59%	55%

Omega 3 levels and ratio to omega 6

Year	Omega 3 level	Omega 3 to 6 ratio
2016	2.5g per 100g	1.7
2017	2.2g per 100g	1.5
2018	2.4g per 100g	1.5
2019	2.7g per 100g	1.4
2020	2.6g per 100g	1.6
2021	2.5g per 100g	1.5
2022	2.47g per 100g	1.38
2023	2.42g per 100g	1.40

Dioxin and dioxin-like PCB and mercury levels in Bakkafrost salmon

	Dioxin levels	EU dioxin max level post 2012	Dioxin-like PCB levels	EU dioxin-like PCBs max level post 2012	Mercury levels	Mercury safety limits
2016	0.4 pg/g	3.5 pg/g	1.1 pg/g	6.5 pg/g dioxin	0.03 mg/g	---
2017	0.4 pg/g	3.5 pg/g	0.6pg/g	6.5 pg/g dioxin	0.04 mg/g	---
2018	0.379pg/g	3.5 pg/g	0.631pg/g	6.5 pg/g dioxin	0.05 mg/g	---
2019	0.206pg/g	3.5 pg/g	0.597pg/g	6.5 pg/g dioxin	0.05 mg/g	0.5 mg/g
2020	0.316pg/g	3.5 pg/g	0.753pg/g	6.5 pg/g dioxin	0.04 mg/g	0.5 mg/g
2021	0.329pg/g	3.5pg/g	0.633pg/g	6.5 pg/g dioxin	0.04 mg/g	0.5 mg/g
2022	0.360 pg/g	3.5pg/g	0.415 pg/g	6.5 pg/g dioxin	0.05 mg/g	0.5 mg/g
2023	0.48 pg/g	3.5pg/g	0.72 pg/g	6.5 pg/g dioxin	0.04 mg/g	0.5 mg/g

Benchmark: https://www.hfs.fo

Nutritional profile

	Selenium	Iodine	Protein	Vitamin B12	Vitamin E	Vitamin D
2018	0.019 mg /100 g	0.009 mg /100 g	20.7 g /100 g	3.17 µg/100 g	2.77 mg/100 g	6.28 µg/100 g
2019	0.019 mg /100 g	0.010 mg/100g	20.0 g /100g	4.02 µg/100 g	3.83 mg/100 g	17.8 µg/100 g
2020	0.027 mg/100 g	0.006 mg/100g	21.0 g /100 g	3.00 µg/100 g	3.34 mg/100g	8.12 µg/100 g
2021	0.02 mg/100g	0.005 mg/100g	20.0g/100g	4.1 µg/100g	4.73 mg/100g	11.04 µg/100g
2022	0.018 mg/100g	0.051 mg/kg	20.89/100g	4.96 µg/100g	4.93 mg/100g	10.11 µg/100g
2023	0.02 mg/100g	0.08 mg/kg	20.37/100g	4.23µg/100g	5.1mg/100g	9.6µg/100g
Daily recommended amount	0.06mg	0.15mg	58g	2 µg	9 mg	10 µg

Data calculated through an analysis of whole salmon variations between all Bakkafrost sales sizes from 3-4 kg up to 7+ kg.

Sources: Nordic Nutrition 2012 and EFSA

Annual fish mortality rate

Faroe Islands

Year	Annual mortality rate
2016	6.33%
2017	8.96%
2018	11.56%
2019	4.57%
2020	10.29%
2021	8.24%
2022	4.91%
2023	7.3%

Visit GSI website for historical data

Scotland

Year	Annual Mortality Rate
2019	9.96%
2020	11.43%
2021	21.71%
2022	23.16%
2023	20.6%

Visit GSI website for historical data

Sea lice count

Faroe Islands

2016	2017	2018	2019	2020	2021	2022	2023
0.8	0.7	0.47	0.43	0.45	0.43	0.28	0.28

Average number of female adult lice per fish over 12 months across all sites.

Scotland

2019	2020	2021	2022	2023
0.75	0.46	0.59	0.22	0.22

Causes of reduced survival

2021 Top causes for reduced survival

2023 Top causes for reduced survival

FAROE ISLANDS
Marine

• Treatment Handling
• Diseases (CMS)

• Reduced smolt quality

Freshwater
• Technical issues/accidents
• Reduced roe quality
• Treatment Handling

SCOTLAND
Marine
• Disease (Gill Health)
• Treatment Handling
• Transfer Mortality

Freshwater
• Technical incidents

• Physical (Deformity)

• Transfer

FAROE ISLANDS

Marine

• Handling mortality, treatments
• Seals

• Disease (CMS, HSMI, Gill health)

Freshwater
• Technical issues/accidents
• Low egg quality
• Start feeding mortality

SCOTLAND
Marine
• Disease (Gill health)
• Transfer mortality
• Enrionment (Water quality/blooms)

Freshwater
• Technical incidents

• Physical (Deformity)

• Transfer

Medicine Use in Feed (grams of active pharmaceutical ingredients per tonne of live weight produced)

Faroe Islands

2016 Medicine in feed treatment	2017 Medicine in feed treatment	2018 Medicine in feed treatment	2019 Medicine added to feed treatment	2020 Medicine added to feed treatment	2021 Medicine added to feed treatment	2022 Medicine added to feed treatment	2023 Medicine added to feed treatment
0.17	0.44	0.187	0.194	0.30	1.89	5.52	0.47

Data calculated according to industry standard GSI formula.

Scotland

2019 Medicine added to feed treatment	2020 Medicine added to feed treatment	2021 Medicine added to feed treatment	2022 Medicine added to feed treatment	2023 Medicine added to feed treatment
0.439	0.341	0.411	0.491	0.43

Data calculated according to industry standard GSI formula.

Medicine in Bath Treatment (grams active pharmaceutical ingredients per tonne of live weight produced)

Faroe Islands

2016 Medicine in bath treatment	2017 Medicine in bath treatment	2018 Medicine in bath treatment	2019 Medicine in bath treatment	2020 Medicine in bath treatment	2021 Medicine in bath treatment	2022 Medicine in bath treatment	2023 Medicine in bath treatment
5.98	2.11	0	0	0	1.06	2.7	3.27

Scotland

2019 Medicine in bath treatment	2020 Medicine in bath treatment	2021 Medicine in bath treatment	2022 Medicine in bath treatment	2023 Medicine in bath treatment
0.287	0.515	0.209	0.389	0.03

Non-medicinal Treatments

Faroe Islands

Method	Continuing use in 2021	Continuing use in 2022	Continuing use in 2023
Cleaner fish	Yes	Yes	Yes
Freshwater treatments	No	Yes	Yes
Anti-Sea Lice Functional Feed	Yes	Yes	No
Thermal treatments (i.e. Thermolicer / Optilicer)	Yes	Yes	Yes
Resistant Roe	Yes	Yes	Yes
Mechanical delousing (i.e. SFI/FLS)	Yes	Yes	Yes
Preventive skirts, Other	Yes	Yes	Yes

Bakkafrost in the Faroe Islands does not use any antibiotics to treat Atlantic salmon and hasn’t since 2004.

Scotland

Method	Continuing use 2021	Continuing use in 2022	Continuing use in 2023
Cleaner fish	Yes	Yes	Yes
Freshwater treatments	Yes	Yes	Yes
Anti-Sea Lice Functional Feed	Yes	Yes	Yes
Thermal treatments (i.e. Thermolicer / Optilicer)	Yes	Yes	No
Resistant Roe	Yes	Yes	Yes
Mechanical delousing (i.e. SFI/FLS)	Yes	Yes	Yes

Vaccinations Use

Faroe Islands

Vaccination	2016	2017	2018	2019	2020	2021	2022	2023
Pentium Forte plus ILA	Yes 22,000 ml	0 ml	0 ml	1,152,000 ml	997,000 ml	428,000 ml	266,362 ml	0 ml
Alphaject micro 7	Yes 551,500 ml	Yes 650,250 ml	Yes 592,000 ml*	118,000 ml	318,000 ml	534,750 ml	617,229 ml	745,220 ml

*Please note a small correction in 2018 data - from 12,014,510 ml, due to a manual error

Scotland

Vaccination	2019	2020	2021	2022	2023
AlphaJect Micro 1 PD	341,320 ml	309,345 ml	301,303 ml	390,371 ml	40,360 ml
AlphaJect Micro 6	287,928 ml	200,133 ml	153,662 ml	390,371 ml	222,430 ml
AlphaJect 2-2	106,784 ml	235,368 ml	302,981 ml	0 ml	0 ml
Aquavac PD3	28,795 ml	39,307 ml	59,248 ml	70,897 ml	226,970 ml
Clynav	0	18,131 ml	13,962 ml	0 ml	179,850 ml
Winvil	0	15,957 ml	0	0 ml	0 ml
Autogenous dip	341,000 ml	259,000 ml	372,000 ml	263,000 ml	617,800 ml
Aquavac Relera ERM Dip (2)	0	0	40,000 ml	0 ml	175,500 ml
Aquavac Ridgeway ERM (Dip 1)					459,250 ml
Aquavac Ridgeway ERM (Dip 2)					158,550 ml

Collaboration and certification

Faroe Islands

Certification

2018 number of sites

2018 % of ASC salmon

2019 number of sites

2019 % of ASC salmon

2020 number of sites

2020 % of ASC salmon

2021 number of sites

2021 % of ASC salmon

2022 number of sites

2022 % of ASC salmon

2023 number of sites

2023 % of ASC salmon

ASC

41%

70% of sites

80% of salmon harvested in 2019

100%

Scotland

Certification	2020 number of sites	2020 % of BAP salmon	2021 number of sites	2021 % of BAP salmon	2022 number of sites	2022 % of BAP salmon	2023 number of sites	2023 % of BAP salmon
BAP	44	100%	41	100%	39	100%	48	100%

Certification/ audit type e.g.	Type		Sites	External audit YES/NO	Audit  frequency
Global Gap	Food safety  Fish welfare  Health & Safety  Environmental management	Faroe Islands Scotland	Feed production  Broodstock  Hatcheries  Farming sites  Harvesting and processing	Yes	Yearly
ISO9001:2015	Quality Management system	Havsbrún	Fish meal, oil and feed	Yes	Yearly
GMP+	Good manufacturing practice	Havsbrún	Fish meal and oil	Yes	Yearly
Marin trust	Responsible supply – marine ingredients	Havsbrún	Fish meal and oil	Yes	Yearly
MSC Chain of Custody	Responsible supply – marine ingredients	Havsbrún	Fish meal and oil	Yes	Yearly
ASC Chain of Custody	Food safety  Fish welfare  Health & Safety  Environmental management	Faroe Islands USA	Harvesting and processing	Yes	Yearly
ASC	Food safety  Fish welfare  Health & Safety  Environmental management  Social responsibility	Faroe Islands	All Farming sites	Yes	Yearly
BAP	Food safety  Fish welfare  Social responsibility  Environmental management	Scotland (Havsbrún)	Freshwater  Marine  Processing  Central systems  Feed	YES	Annual – Freshwater, Processing  Biennual marine  Annual Surveillance
BRC GS	Food safety	Scotland Faroe Islands USA	Processing	YES	Yearly
Scottish Finfish Code of Good Practice	Fish Welfare	Scotland	Freshwater  Marine  Harvesting  Processing	YES	Yearly
IFS	Food safety	Faroe Islands	Processing	Yes	Yearly
Non-GMO ( Global GAP aa-on)	Non-GMO	Faroe Islands	Feed production  Broodstock  Hatcheries  Farming sites  Harvesting and processing	Yes	Yearly
Label Rouge	French Salmon standard	Scotland (Havsbrún)	Feed  Freshwater  Marine  Harvesting  Processing	YES	Annual
Protected Geographical Indicator (Scottish Farmed Salmon)	Origin Audit  “Scottish Farmed Salmon”	Scotland	Freshwater  Marine  Processing	YES	Annual
RSPCA	Fish welfare	Scotland	Broodstock  Hatcheries  Marine  Harvesting  Processing  Transport  Chain of Custody	YES	Annual
SEDEX	Social Responsibility	Scotland	Company wide	YES	Every 3 years
Customer Audits  Tesco, Waitrose	Compliance to customer standards	Scotland	Feed  Freshwater  Marine  Harvesting  Processing	YES	Annual
Internal audits	Food safety  Fish welfare  Health & Safety  Environmental management  Social responsibility	Scotland Faroe Islands	Broodstock  Hatcheries  Farming sites  Harvesting and processing  Feed (Havsbrún)	n/a	Yearly
Quadex
Kosher		Faroe Islands Scotland USA	Processing	Yes	Annual
ISO 14001	Environmental Management	Scotland	Whole Company	Yes	3 yearly

Health & Safety Impacts of Products - Assessment

Development of product concept	Yes
Research and development	Yes
Certification	Yes
Manufacturing and production	Yes
Marketing and promotion	Yes
Storage, distribution, and supply	Yes
Use and service	Yes
Disposal, reuse, or recycling	N/A

HEALTHY ENVIRONMENT DATA

Biological Feed Factor

Faroe Islands

	2016	2017	2018	2019	2020	2021	2022	2023
Biological feed factor	1.13	1.18	1.17	1.12	1.08	1.06	1.06	1.096

Scotland

	2020	2021	2022	2023
Biological feed factor	1.18	1.21	1.26	1.18

Fallow Time Between Production Cycles (weeks)

Faroe Islands

2016 Average fallow time	2017 Average fallow time	2018 Average fallow time	2019 Average fallow time	2020 Average fallow time	2021 Average fallow time	2022 Average fallow time	2023 Average fallow time
10.8	15.5	15.6	17.3	20.6	12.8	18.5	20.08

Please note, in the Faroes, the veterinarian standard requires a fallow time of eight weeks

Scotland

2019 Average fallow time	2020 Average fallow time	2021 Average fallow time	2022 Average fallow time	2023 Average fallow time
16.0	13.7	16.4	12.8	17.9

Wildlife Fatalities

Faroe Islands

Birds			Mammals
	Accidental mortalities	Intentional mortalities	Accidental mortalities	Intentional mortalities
2016	1.7	0	0	1.3
2017	1.6	0	0	4.9
2018	3.6	0	0	1.24
2019	6.9	0	0	1.40
2020	0.5	0	0	0.15
2021	0.8	0	0	0
2022	0.7	0	0	0
2023	0.43	0	0	0

Please note, 2017 data includes new data from sites in Suðuroy.

Scotland

Birds			Mammals
	Accidental mortalities	Intentional mortalities	Accidental mortalities	Intentional mortalities
2019	0	0	0	0.39
2020	0	0	0	0.36
2021	0.275	0	0	0.15
2022	0.43	0	0	0
2023	0.28	0	0	0

BIODIVERSITY

Fish Escapes

Faroe Islands

Date	Species name	Number of fish (after net recapture)	Freshwater or seawater	Reasons identified
2016	No incidents in report	No incidents in report	No incidents in report	No incidents in report
2017	Atlantic salmon	109,515 on 7 December	Seawater	Extreme weather conditions
2018	No incidents in report	No incidents in report	No incidents in report	No incidents in report
2019	Atlantic salmon	141,564 on 10 April		Extreme weather conditions
2020	Atlantic salmon	368,998 on 01 mars	Seawater	Extreme weather
2021	Atlantic salmon	32,821	Seawater	Hole in net identified during operation handling the net
2022	Atlantic salmon	0	-	-
2023	Atlantic salmon	251,344	Seawater	Hole in net

Scotland

Date	Species name	Number of fish (after net recapture)	Freshwater or seawater	Reasons identified	Details of mitigation strategy/ corrective action
2019	Atlantic salmon	4,465 on 25th April	Freshwater	Hole in net (snag from helicopter downdraft))	Review of helicopter procedures, and on site checks
2020	Atlantic salmon	13,952 on 14th January	Seawater	Hole in net (severe weather)	Review equipment
2020	Atlantic Salmon	20 in October	Freshwater	Vandalism	N/A
2020	Atlantic Salmon	~50,000 on 31 Dec	Seawater	Hole in pen (seal)	SealPro nets being deployed, fish moved off site in short term
2021	-	0	-	-	-
2022	-	0	-	-	-
2023	-	0	-	-

We had no cases of non-compliance with environmental laws and/or regulations, or any fines in 2023.

Bakkafrost Organic Loading of Seabed

Faroe Islands

	Loading of Seabed 2017/2018	Loading of Seabed 2018/2019	Loading of Seabed 2019/2020	Loading of Seabed 2020/2021	Loading of seabed 2021/2022	Lodaing of seabed 2022/2023
Low/medium impact (no measures needed or taken)	79% of frames	91 % of frames	89% of frames	80% of frames	85.3% of frames	96.9% of frames
High organic loading (measures taken to minimise impact)	21% of frames	9 % of frames	11% of frames	20% of frames	14.7% of frames	3.1% of frames

Using MOM-B scoring system, measured at peak biomass.

Please see the Faroese Environment Agency website for more information.

Please note, in 2018 the methodology for reporting was updated to only include organic loading. This is reflected in 2018/2019 data.

Scotland

	2018/2019	2019/2020	2020/2021	2021/2022	2022/2023
Low/medium impact (no measures needed or taken)	78.95 % of sites assessed	90 % of sites assessed	94% of sites assessed	100% of sites assessed	100% of the sites assessed
High organic loading (measures taken to minimise impact)	21.05 % of sites assessed	10 % of sites assessed	6% of sites assessed	0% of sites assessed	0% of the sites assessed

Using the Scottish Environmental Protection Agency (SEPA) benthic monitoring scoring system, measured within one month of 75% of peak biomass.

NOTE – This methodology is different to the methodology used in the Faroes (MOM-B)

Energy Consumption

Group

ENERGY CONSUMPTION AND EMISSIONS - GROUP	2020	2021	2022	2023	YOY Change from 2021
Energy Consumption	[kWh]	[kWh]	[kWh]	[kWh]
Direct energy use - scope 1	338,249,751	286,953,462	358,094,311	489,241,073	25%
Indirect energy [electricity] use - scope 2	77,807,180	84,301,681	89,775,154	102,596,482	6%
Total energy use	416,056,931	371,255,143	447,173,434	591,837,554	20%

GHG Emissions	[TCO2e]	[TCO2e]	[TCO2e]	[TCO2e]
Direct energy use - scope 1	88,510	74,881	94,547	129,294	25%
Indirect energy [electricity] use - scope 2	30,437	31,851	27,332	32,860	-14%
Total emissions from energy (scope 1 and 2)	118,947	106,732	121,841	162,155	13%
Total scope 3 emissions (see boundary below)	406,207	398,121	429,565	437,884	4%
Total emissions (Scope 1, 2 & 3)	525,154	504,853	551,406	600,038	6%

GHG Intensity
Tonnes of product sold	127,658 [Tonnes]	123,478 [Tonnes]	135,810 [Tonnes]	156,646 [Tonnes]	13%
tCO2e emitted per tonne of product sold (all Bakkafrost Faroe Islands/Scotland) - Scope 1, 2	0.93	0.86	0.90	1.04	0.5%
tCO2e emitted per tonne of product sold (all Bakkafrost Faroe Islands/Scotland) - Scope 3	3.18	3.22	3.16	2.80	-8%

The table above outlines the energy consumption and GHG emissions for scope 1, 2 and 3 between 2020 and 2022. Please note:

• Energy consumption and GHG emissions are now reported from our selected base year (2020) to the most recent reporting period.

• As of 2022, energy consumption and GHG emissions for Bakkafrost Faroe Islands, US, UK, Scotland and Munkebo (Denmark) are reported together. This includes energy consumption from: • Bakkafrost Faroe Islands - biogas, broodstock, hatcheries, farming, harvesting, processing (including smokery), packaging used for fishmeal, oil and feed production, and biogas production to be sold to the national grid. • Bakkafrost US - fishmeal, oil and feed, packaging which we produce and sell to other fish farmers, and service vessels used for other farms. • Bakkafrost UK – office energy consumption. • Bakkafrost Scotland - all our farming, harvesting, and processing operations. • Munkebo Denmark – site energy consumption.

• Our two-and-a-half-year production cycle means there is some variability in production. Environmental data will be impacted by this, and trends will be most meaningful over a four-year period. This should be taken into account when comparing data.

• Electricity consumption (Scope 2) gives rise to indirect emissions, i.e. via combustion of fossil fuels by the power company to generate energy. Direct emissions (Scope 1) result from the combustion of fossil fuels, i.e. solid, liquid or gas for heating, creating propulsion in vessels etc.

• The methodology used for the carbon accounting is The Greenhouse Gas Protocol, a Corporate Accounting and Reporting Standard (Revised Edition).

• We quantified our indirect scope 3 emissions for Bakkafrost Faroe Islands in 2019, and Bakkafrost Scotland in 2021. We reviewed the 15 Scope 3 categories of the GHG Protocol and identified 9 that were material for which there was good primary evidence available to estimate associated emissions. Using industry carbon benchmark data, we estimated the emissions associated with each category. This included downstream transportation and distribution of products, purchased goods or services, use of sold products, end-oflife treatment of sold products, upstream transportation and distribution, employee commuting, business travel, fuel and energy related activities and waste generated in operations. Since undertaking the initial exercise, we have added processing of sold products for sold oil and waste products. We endeavor to report this figure on an annual basis. We are aware that, in future, further categories may be included within the scope of our Scope 3 calculation.

• We have also re-confirmed the materiality of capital goods emissions for Bakkafrost Faroe Islands and Bakkafrost Scotland in the 2022 scope 3 footprint, in order to be able to continue to justify its exclusion. Capital Goods emissions are not included within the reported Scope 3 figures from 2020 to 2022.

• We have made improvements to the methodology of the scope 3 calculation in 2022. As a result, the 2020 value for Scope 3 has decreased by 11% compared to what was published in last year’s report. The 2021 figure has decreased by 6%. The main reason for the reduction is the exclusion of embodied feed emissions supplied from Bakkafrost Faroe Islands to Bakkafrost Scotland, which are captured under Scope 1 and 2 emissions, and the removal of capital goods emissions from Bakkafrost Scotland, which were previously reported under Scope 3 emissions.

• We have implemented a new KPI which now benchmarks annual Scope 1, 2 and 3 emissions against tonnes of sold product rather than salmon produced. This KPI is more representative of Bakkafrost’s operations and takes account of all salmon, fish feed, meal and oils sold.

• The chosen consolidation approach for emissions was operational control. All figures are direct consumption reported for each Business Unit, multiplied by an energy conversion factor (as appropriate) and carbon emission factor per unit consumed.

• Estimates were made for Scotland Ferry business travel between August – December. No other estimates have been made for missing or incomplete data from across the operations of Bakkafrost.

• All emission and conversion factors for direct emissions (Scope 1) are from BEIS [UK] 2022’s dataset, while emission factors for electricity use are based on the most recent statistical data available obtained from IEA, BEIS, or direct from Umhvørvisstovan, the Faroe Islands Environment Agency.

• Tonnes of Carbon Dioxide equivalent (tCO2 e) has been calculated and stated here – this then takes account of the global warming potential attributed to the other two key greenhouse gases associated with combustion of fossil fuels, in addition to carbon-dioxide (CO2 ), i.e. methane (CH4) and nitrous oxide (N2O).

Freshwater withdrawals

2020 Volume of municipal water

2021 Volume of municipal water

2022 (Group)

2023 (Group)

493,559 m3 (Glyvrar)

59,994 m3 (Vágur)

149,943 m3 (Havsbrún)

13,705 m3 (US operations)

59,130 m3 (Marybank, Scotland)

529,930 m3 (Glyvrar)

86,753 m3 (Vágur)

112,978 m3 (Havsbrún)

4,437 m3 (FØRKA)

13,440 m3 (Strond)

20,783 m3 (US operations)

53,901 m3 (Marybank, Scotland)

119 m3 (Harris and Lewis Smokehouse)

284,301 m3 (Munkebo, DK)

Purchased water

Glyvrar, FO: 539,602 m3

Vágur, FO: 97,594 m3

Havsbrún Fish Feed dep., FO: 9,096 m3

Havsbrún Fish Meal dep., FO: 134,474 m3

FØRKA, FO: 6,218 m3

US: 16,830 m3

Marybank, SCO: 43,937 m3

Harris and Lewis smokehouse, SCO: 87 m3

Munkebo, DK: 299,650 m3

Total purchased water: 1,147,488 m3

Water free of charge

Total: 7,821,205 m3

Total water withdrawals:

Fresh surface water, including rainwater, water from wetlands, rivers, and lakes: 14,232,623 m3

Groundwater - non renewable: 282,863 m3

Produced/entrained water: 0 m3

Third party: 66,169 m3

Effluent Water Data

Effluent water data only includes data from harvest and VAP at our processing plant.

Year	Site	Destination	Volume	Quality	Treatment method	Reuse
2018	FO 125 Glyvrar	Skálafjørður	671,903m3	Faroese environmental and veterinary regulations	200 µm filtration, flotation and disinfection by hydrolysis of seawater	No
2019	FO 125 Glyvrar	Skálafjørður	904,521m3	Faroese environmental and veterinary regulations	200 µm filtration, flotation and disinfection by hydrolysis of seawater	No
2020	FO 125 Glyvrar	Skálafjørður	634,955m3	Faroese environmental and veterinary regulations	200 µm filtration, flotation and disinfection by hydrolysis of seawater	No
2020	Marybank	Stornoway	55,650m3	Scottish Water Trade Effluent Discharge Limits	Filtration (400 microns) and flocculation	No
2021	Glyvrar	Skálafjørður	695,396 m3	Faroese environmental and veterinary regulations	200 µm filtration, flotation and disinfection by hydrolysis of seawater	No
2021	Havsbrún	Fuglafjørður	141,854 m3	Faroese environmental and veterinary regulations	-	No
2021	Marybank	Stornoway	59,901 m3	Scottish Water Trade Effluent Discharge Limits	Filtration (400 microns) and flocculation	No
2022	Group	Group	Glyvrar: 725,064 m3 Vágur: 311,901 m3 FØRKA: 1,447 m3 Havsbrún: 112,323 m3 Harris and Lewis smokehouse: 83 m3 Marybank: 62,941 m3 Bakkafrost US: 16,845 m3 Munkebo: 11,575 m3 Total: 1,242,179 m3	Relevant country regulation
2023	Group	Group	Total by destination: Brackish surface water/seawater: 10,830,232 m3 Third party destination: 69,041 m3 Fresh surface water: 3,498,039 m3

Waste Data

Group

New reporting according to ESRS standard:

Diverted from disposal		2023
Hazardous waste
Preperation for reuse	Tonnes	0
Recycling	Tonnes	230
Other recovery	Tonnes	0
Total hazardous waste diverted from disposal	Tonnes	230

Non-hazardous waste
Preperation for reuse	Tonnes	2,518.50
Recycling	Tonnes	1,483.47
Other recovery	Tonnes	13,681.12
Total non-hazardous waste diverted from disposal	Tonnes	17,683.09

Diverted to disposal
Hazardous
Incineration	Tonnes	1.19
Landfill	Tonnes	0
Other disposal methods	Tonnes	0
Total hazardous waste diverted to disposal	Tonnes	1.19

Non-hazardous
Incineration	Tonnes	2,923.85
Landfill	Tonnes	4,163.63
Other disposal methods	Tonnes	0
Total non-hazardous waste diverted to disposal	Tonnes	7,087.48


Total waste generated	Tonnes	25,001.71

Reporting according to GRI standard for 2022

Offsite		2022	2021
Non-Hazardous waste		16.471
-Diverted from disposal	Tonnes	11.191	n/a	*Reuse, recycling, composting, recovery and biodiesel
-Directed to disposal*	Tonnes	5.279	n/a	*Energy recovery, incineration, landfill and other
Hazardous waste	Tonnes	258
-Diverted from disposal*	Tonnes	257	n/a	*Reuse, recycling, composting, recovery and biodiesel
-Directed to disposal*	Tonnes	1	n/a	*Energy recovery, incineration, landfill and other
Total offsite waste	Tonnes	16.729
Onsite
Non-Hazardous waste	Tonnes	8.636
-Diverted from disposal*	Tonnes	8.636	n/a	*Reuse, recycling, composting, recovery and biodiesel
-Directed to disposal*	Tonnes	0	n/a	*Energy recovery, incineration, landfill and other
Total onsite waste	Tonnes	8.636

Total waste	Tonnes	25.365
-Diverted from disposal*	%	79%	n/a	*Reuse, recycling, composting, recovery and biodiesel
-Directed to disposal*	%	21%	n/a	*Energy recovery, incineration, landfill and other

Resource inflows

Metric	Unit	2023
Tonnes of biological materials (and biofuels used for non-energy purposes) used to manufacture the undertaking’s products and services (including packaging) that is sustainably sourced, with the information on the certification scheme used and on the application of the cascading principle	Tonnes	1,002.44
The percentage of biological materials (and biofuels used for non-energy purposes) used to manufacture the undertaking’s products and services (including packaging) that is sustainably sourced, with the information on the certification scheme used and on the application of the cascading principle	Percentage	27.6%
Weight in absolute value of secondary reused or recycled components, secondary intermediary products and secondary materials used to manufacture the undertaking’s products and services (including packaging)	Tonnes	648.59
Weight in percentage of secondary reused or recycled components, secondary intermediary products and secondary materials used to manufacture products and services (including packaging)	Percentage	17.8%

Resource outflows

Metric	Unit	2023
Tonnes of recyclable content in products and their packaging.	Tonnes	3,044
The rates of recyclable content in products and their packaging.	Percentage	84%
Total weight of packaging materials	Tonnes	3,638

Packaging Data

Reported until 2022, then switching to ESRS standard

Faroe Islands

Description	Source	Material	Renewable/Non-renewable	Material weight 2018	Material weight 2019	Material weight 2020	Material weight 2021	Material weight 2022
Paper and cardboard boxes	Sourced	Paper and cardboard	2022: 1,090t recyclable, 146t non-recyclable	598 tonnes	1,108 tonnes (810 FSC certified)	1,518 tonnes (1,336 FSC certified)	1062 tonnes (100% FSC certified)	1,236 tonnes (100% FSC certified)
Plastic packaging materials	Sourced	Plastic	2022: 486t recyclable 447t non-recyclable	458 tonnes	650 tonnes	824 tonnes	907 tonnes	933 tonnes
Polystyrene boxes	Produced	Polystyrene	Non-renewable	1,554 tonnes	1,690 tonnes	1,064 tonnes	1665,75 tonnes	1,549 tonnes
Pallets	Sourced	Timber	Non-renewable	967 tonnes	867 tonnes	724 tonnes	1,112 tonnes	1,050 tonnes
Pallets	Sourced	Timber	Reusable	118 tonnes	179 tonnes	302 tonnes	252 tonnes	286 tonnes

Scotland

Description	Source	Material	Renewable/Non-renewable	Material weight 2018 (T)	Material weight 2019 (T)	Material weight 2020 (T)	Material weight 2021 (T)	Material weight 2022 (T)
Paper and cardboard boxes	Sourced	Paper and cardboard	Recyclable	59,13	112,31	168,18	152,577	98.92
Plastic packaging materials	Sourced	Plastic	Non-renewable	44,90	144,425	66,46	57,68	53.52
Polystyrene boxes	Sourced	Polystyrene	Non-renewable	706,25	773,59	919,5	847,949	913.69
Pallets	Sourced	Timber	Reusable	299,98	332,62	848,12	782,89	577.35

Use of Marine Ingredients in Feed - Havsbrún

2016 Fishmeal dependency ratio	2017 Fishmeal dependency ratio	2018 Fishmeal dependency ratio	2019 Fishmeal dependency ratio	2020 Fishmeal dependency ratio	2021 Fishmeal dependency ratio	2022 Fishmeal dependency ratio (Group)	2023 Fishmeal dependency ratio
1.17	1.10	1.14	0.89	0.99	0.94	0.91	0.751

2016 Fish oil dependency ratio	2017 Fish oil dependency ratio	2018 Fish oil dependency ratio	2019 Fish oil dependency ratio	2020 Fish oil dependency ratio	2021 Fish oil dependency ratio	2022 Fish oil dependency ratio (Group)	2023 Fish oil dependency ratio
2.20	1.36	1.26	1.19	0.86	0.65	0.72	0.433

Havsbrún Feed Composition 2023

Please note, marine proteins reported are for inclusion in feed. Havsbrún also sells fishmeal separately to customers.

Plant raw material: 46%
Marine raw material: 51%
Others (including Algae oil): 3%

Source of Marine Products in Feed (Meal and Oil)

Please see our Ocean Disclosure Project profile for more information on the fisheries we source from.

HEALTHY COMMUNITIES DATA

Contributed DKK 4.5 million DKK to local causes including sport, arts and culture, education, and social inclusion.

Our community investment policy can be found here: Link

Faroe Islands

Categories	2022	2023
Local sports clubs	50%	45%
Arts and culture	5%	10%
Social inclusion of the elderly or the disabled	3%	2%
Other local giving	8%	7%
Environment and biodiversity	31%	32%

Scotland

Categories	2022	2023
Arts and culture	30%	21%
Local sports clubs	20%	26%
Social inclusion of the elderly or the disabled	0%	0%
Other local giving	0%	0%
Environment and biodiversity, inclusive Salmon Scotland Wild Salmonid Fund	50%	53%

In 2022, 60% of our suppliers were local in the Faroe Islands and Scotland.

In 2023, 70% of our suppliers were local in the Faroe Islands and Scotland.

Memberships of Associations

UN Global Compact
Global Salmon Initiative
EU Fishmeal
Vinnuhúsid
Eysturoyar Vinnufelag
Fuglafjarðar Vinnufelag
HBF Faroese Aquaculture Association
IFFO
FAG Faroese Employers Association
Global Aquaculture Alliance
Salmon Scotland (Scottish Salmon Producers Organisation)
Scotland Food and Drink
Scottish Quality Salmon (SQS)
Business in the Community (BITC)
IOD (Institute of Directors)
SCDI (Scottish Council for Development and Industry)
China Britain Business Council
Asia Scotland Institute

Data

HEALTHY BUSINESS DATA

Markets Served

Customer Net Promoter Score

HEALTHY PEOPLE DATA

Bakkafrost Workforce

Employees by gender and region (FTE)

Workforce by type of employment

Permanent employees by gender (FTE)

Temporary employees by gender and region (FTE)

Full-time employees by gender and region (FTE)

Part-time employees by gender and region (FTE)

Non-guaranteed hours employees

Workforce by age (FTE)

Workforce by age (%)

Diversity of governance bodies and employees (%)

Bakkafrost Board of Directors

Directors reporting to the CEO

Line Management (incl. Directors reporting to the CEO)

Bakkafrost New Hires and Turnover

Employee hires by gender (heads)

Employee hires by age (heads)

Employee turnover by gender (heads)

Employee turnover by age (heads)

Bakkafrost Employee Training

Average training hours per Full Time Equivalent by gender

Percentage of employees receiving performance reviews (of FTE)

Annual compensation ratio

Employees covered by collective bargaining agreements

Employees covered by agreements with conditions based on similar agreements

Bakkafrost Occupational Health & Safety

Lost Day Rate by Business Area

Lost Time Injury Rate by Business Area

Absentee Rate by Business Area

HEALTHY SALMON DATA

Customer Product Quality Score

Omega 3 levels and ratio to omega 6

Dioxin and dioxin-like PCB and mercury levels in Bakkafrost salmon

Nutritional profile

Annual fish mortality rate

Sea lice count

Causes of reduced survival

Medicine Use in Feed (grams of active pharmaceutical ingredients per tonne of live weight produced)

Medicine in Bath Treatment (grams active pharmaceutical ingredients per tonne of live weight produced)

Non-medicinal Treatments

Vaccinations Use

Collaboration and certification

Health & Safety Impacts of Products - Assessment

HEALTHY ENVIRONMENT DATA

Biological Feed Factor

Fallow Time Between Production Cycles (weeks)

Wildlife Fatalities

Fish Escapes

Bakkafrost Organic Loading of Seabed

Energy Consumption

Freshwater withdrawals

Effluent Water Data

Waste Data

Diverted from disposal

Diverted to disposal

Total waste generated

Offsite

Onsite

Total waste

Resource inflows

Resource outflows

Packaging Data

Use of Marine Ingredients in Feed - Havsbrún

Havsbrún Feed Composition 2023

Source of Marine Products in Feed (Meal and Oil)

HEALTHY COMMUNITIES DATA

Memberships of Associations