Mowi has been ranked as the world’s most sustainable protein producer for the second year in a row by the FAIRR Initiative.
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 ranked as number one yet again 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 this shows that Mowi has managed to remain true to its values and stated commitments to be a sustainable protein producer and lead the Blue Revolution,” said Mowi CEO, Ivan Vindheim.
The primary purpose of Coller FAIRR Protein Producer Index is to enable and support investor decision-making on the protein sector. The Index is also a benchmark to help animal protein companies assess themselves against their peers in the sector and improve their management and reporting of risks.
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.”
You can read more about the Caller FAIRR Index results at https://www.fairr.org/index/.