Mowi Nutrition (en)

This report, now in its fifth edition, assesses 60 of the largest publicly listed animal protein producers on ten environmental, social and governance themes aligned with the Sustainable Development Goals (SDGs)

This report, now in its fifth edition, found that the percentage of companies rated as ‘high risk’ has fallen significantly over time – from 70% in 2019 to 55% in 2022. Whilst there are no companies achieving a best practice score across all risk factors, many more are now securing a ‘low risk’ rank. Mowi, of course, has consistently achieved a ‘low risk’ rank, holding on to the top spot in the Index for four consecutive years.

Salmon and aquaculture stands out

The 2022 report found that aquaculture companies, primarily salmon companies, continue to perform better than land animal protein producers. Mowi retained the top spot and, in the 2022 edition of the Coller FAIRR Index, was subject to two new assessments. For the first time, aquaculture companies were assessed on waste and pollution and water use and scarcity, of which they were found to perform better than land-based protein producers.

On waste and pollution, aquaculture companies earned an average score of 21% – compared to 13% for their land-based counterparts and in water use and scarcity, aquaculture companies earned an average score of 23% – compared to 13% for their land-based counterparts. Mowi was called out as being the only aquaculture company to ask its feed suppliers to complete a water risk assessment and to have a target for reducing water use.

Mowi is joined in the top four 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 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

For further information about The Coller FAIRR Index, visit: https://www.fairr.org/index/