Mowi ASA

MOWI:NO NO0003054108
Key Information
HQ:
Norway
Market Cap:
$8.8bn
Primary Markets:
LATAM, North America, Europe & Russia



Company Information

Company Summary

Mowi ASA is one of the biggest seafood companies in the world, operating in 25 countries, and it is the world's largest producer of Atlantic salmon, supplying one-fifth of the global demand for farm-raised Atlantic salmon. Mowi’s farming operations and some primary processing and filleting activities are in Norway, Scotland, Canada, Chile, Ireland and the Faroe Islands.
Mowi ASA

Revenue

Total revenue:

$5.0bn

Revenue by Geography

Revenue by Protein

Revenue by Product Type


Disclosures

CDP ScoresLast Reviewed: 11/10/2023

CDP ClimateCDP ForestsCDP Water
YesNoNo

Science Based Target initiativeLast Reviewed: 03/10/2023

Target classificationStatusDate
2°CTargets Set2019

Coller FAIRR Protein Producer Index

Analysis Overview

Greenhouse Gas Emissions Deforestation & Biodiversity Water Use & Scarcity Waste & Pollution Antibiotics Animal Welfare Working Conditions Food Safety Sustainability Governance Alternative Proteins

Analysis Breakdown

Risk Score

84/100
Low Risk



Greenhouse Gas Emissions

75/100

Scope 1, 2 & 3 Target
55/100
Type of Target
0/0
Strength of Target - SBT
2.75/5
Source(s): Integrated Annual Report 2022, page 1, 4, 5, 49, 304, 306; SBTi Webpage - Companies Taking Action

Innovation on GHG Emission Reduction
40/100
Innovation to Reduce Agriculture Emissions
1/1
Feed Farming Innovation
0/2
Animal Farming Innovation
1/2
Source(s): Code of Conduct for Suppliers 2019, page 3; Integrated Annual Report 2022, page 50; Mowi ASA CDP Climate Change 2022.pdf, page 92, 93; Policy on Climate Change and Energy Use 2023, page 2; Policy on sustainable salmon feed 2023, page 1, 4

Quality of GHG Inventory
100/100
Quality and scope of GHG inventory Completeness
1.5/1.5
Feed & Animal Farming Emissions
2/2
Transparency of GHG Inventory
1.5/1.5
Source(s): Integrated Annual Report 2022, page 48, 50, 51, 312; Mowi ASA CDP Climate Change 2022.pdf, page 2, 60, 61, 73, 87; Policy on Climate Change and Energy Use 2023

Emissions Performance
80/100
Overall Emission Performance
4/5
Source(s): Integrated Annual Report 2022, page 48, 50, 312; Mowi ASA CDP Climate Change 2022.pdf, page 46, 47, 48, 49, 50, 51, 75, 76

Climate-related Scenario Analysis
100/100
Climate-related Scenarios Analysis Conducted
1/1
Disclosure of Analysis Results on Material Risks
3/3
Disclosure of Financial Material Events & Alignment of CAPEX
1/1
Source(s): Integrated Annual Report 2022, page 47, 48, 304, 307, 310, 397; Mowi ASA CDP Climate Change 2022.pdf, page 19, 30, 31, 32; Policy on Climate Change and Energy Use, page 3; Policy on Climate Change and Energy Use 2023, page 3



Deforestation & Biodiversity

90/100

Deforestation/Conversion-free Target - Soy for Animal Feed
100/100
Risk Assessment to Identify High-risk Locations
5/5
Source(s): Annual Report 2021, page 307; Integrated Annual Report 2022, page 47, 68, 69, 71, 72, 73, 76, 314; Mowi ASA CDP Climate Change 2022.pdf; Policy on sustainable salmon feed 2023, page 2, 3, 4; Proterra Webpage

Engagement, Monitoring & Traceability - Soy for Animal Feed
100/100
Supplier Engagement
1.25/1.25
Compliance monitoring & Traceability
3.25/3.25
Feed Innovation
0.5/0.5
Source(s): Code of Conduct for Suppliers 2019, page 3; Integrated Annual Report 2022, page 65, 72, 73, 74; Policy on sustainable salmon feed 2023, page 2, 4

Aquaculture Certification (ASC, BAP, GlobalGAP, SSP)
80/100
Proportion of Farms Certified
4/5
Source(s): Integrated Annual Report 2022, page 53

Feed Ingredients & Conversion Ratios
95/100
Feed Disclosure
2/2
Performance of Feed Metrics
2.75/3
Source(s): Integrated Annual Report 2022, page 72, 74, 76, 314; Policy on sustainable salmon feed 2023, page 6

Feed Innovation
100/100
Strategy
2.75/2.75
Performance
2.25/2.25
Source(s): Emerging Feed Raw Materials Policy 2023, page 3; Integrated Annual Report 2022, page 73, 74, 103; Policy on sustainable salmon feed 2023, page 1

Sea Lice Management - Salmon (Fish at Sea Only)
80/100
Sea Lice Disclosure & Management
2/2
Cleaner Fish
2/3
Source(s): Integrated Annual Report 2022, page 62, 63, 64, 313; Policy on salmon welfare 2023

Ecosystem Impacts
75/100
Escapes
2.5/3.25
Reducing Biodiversity Impacts
0.75/1.25
Algal Blooms
0.5/0.5
Source(s): Escapes Webpage; Integrated Annual Report 2022, page 46, 57, 59, 65, 70, 297, 310



Water Use & Scarcity

76/100

Water Use & Scarcity in Facilities
72/100
Monitoring Water Consumption & Withdrawals
0.75/0.75
Target to Reduce Water Consumption & Withdrawals
0.4/1
Disclosure & Performance of Water Risks in Facilities
2.45/3.25
Source(s): Green Bond Impact Report 2022, page 3, 4; Integrated Annual Report 2022, page 66, 67, 68, 297, 313; Policy on freshwater use and wastewater discharge 2023, page 2

Water Use & Scarcity in Feed Farming
75/100
Supplier Engagement in Water Use in Feed Farming
1.5/2.5
Disclosure of Water Risks in Feed Farming
1.5/1.5
Source(s): Integrated Annual Report 2022, page 67, 68, 297; Policy on freshwater use and wastewater discharge 2023, page 1, 2, 3

Water Use & Scarcity in Animal Farming
80/100
Supplier Engagement in Water Use in Animal Farming
3/3
Disclosure of Water Risks in Animal Farming
1/2
Source(s): GSSI - including Water stewardship; GSSI Benchmarking Webpage; Integrated Annual Report 2022, page 66, 67



Waste & Pollution

61/100

Wastewater at Facilities
74/100
Disclosure & Targets for Wastewater Quality & Volume Discharged
1.25/1.5
Transparency on Water Pollution Risks
1.45/2
Performance on Wastewater Quality & Volume Discharged
1/1.5
Source(s): Integrated Annual Report 2022, page 66, 67, 68; Policy on freshwater use and wastewater discharge 2022, page 3; Policy on freshwater use and wastewater discharge 2023, page 2, 3, 4

Nutrient Management in Feed Farming
30/100
Supplier Engagement in Nutrient Pollution Risks
0.5/4
Innovation to Improve Nutrient Management in Feed Farming
1/1
Source(s): Code of Conduct 2021; Code of Conduct for Suppliers 2019; Integrated Annual Report 2022, page 68, 69, 74, 130, 138; PAN International List of Highly Hazardous Pesticides 2021, page 13; Policy on sustainable salmon feed 2023, page 2

Nutrient Management in Aquaculture
79/100
Disclosure of Pollution Risks in Animal Farming Operations
3.45/4.5
Performance on Pollution Management
0.5/0.5
Source(s): Biodiversity and Natural Capital Policy 2023, page 2, 4, 6; Code of Conduct 2021, page 45; Integrated Annual Report 2022, page 19, 69, 70



Antibiotics

100/100

Policy on Antibiotics Use
100/100
Policy on Antibiotics Use
5/5
Source(s): Integrated Annual Report 2022, page 63; Policy on use of antimicrobial agents 2023, page 1, 2

Disclosure of Quantity of Antibiotics Used
100/100
Disclosure of Quantity of Antibiotics Used
5/5
Source(s): Integrated Annual Report 2022, page 64, 80, 174, 300, 313; Policy on use of antimicrobial agents 2023, page 1, 3



Animal Welfare

74/100


Aquatic Animal Welfare
63/100
Welfare Policy
2/2.5
Reporting on Animal Welfare Metrics
0.66/2
Reporting on Measures to Improve Welfare
0.5/0.5
Source(s): Policy on salmon welfare 2023, page 1, 2, 3, 4, 6

Disease Management - All Fish
85/100
Mortality Rates
3.5/3.5
Disease Outbreak
0.75/1.5
Source(s): Integrated Annual Report 2022, page 46, 59, 60, 61, 200, 297; Policy on salmon welfare 2023, page 2, 3



Working Conditions

87/100

Human Rights
80/100
Strength of Policy
1/1
Due Diligence Process
3/3
Evidence of Remediation
0/1
Source(s): Code of Conduct 2021, page 11; FILE 1 , page 108, 111, 113; Integrated Annual Report 2022, page 108; Mowi Human Rights Program 2021-2025, page 3, 4; Policy on human rights 2023, page 1; Supply Chain due dilligence process 2022, page 4, 7, 8

Fair Working Conditions
81/100
Policy for Direct Operations
2.17/3
Monitoring & Discosure
1.85/2
Source(s): 230519-Mowi-Sustainability-Governance-Policy.pdf, page 4; ASC Audit Manual; Health and Safety Policy 2023, page 1, 2, 3; Integrated Annual Report 2022, page 109, 113, 116, 312; Online Whistleblowing Webpage; Policy on human rights 2023; Whistle-blower Policy 2023, page 1, 2

Safety & Turnover Data
100/100
Committee representation of workers
2/2
Disclosure of safety and turnover data
3/3
Source(s): Certification Table 2022; Health and Safety Policy 2023, page 1, 3; Integrated Annual Report 2022, page 12, 116, 117, 315, 317; Mowi Certifications

Freedom of Association
89/100
Strength of Policies
3/3
Disclosure of Collective Bargaining Metrics
1.45/2
Source(s): Code of Conduct for Suppliers 2019, page 2; Integrated Annual Report 2022, page 109, 297, 314; Policy on human rights 2023, page 1, 2



Food Safety

95/100

Food Safety System
90/100
Certifications
3/3.5
Performance
1.5/1.5
Source(s): Certification Table 2022, page 1; Integrated Annual Report 2022, page 40, 99, 101

Product Recalls & Market Bans
100/100
Product Recall Systems
3/3
Performance
2/2
Source(s): Integrated Annual Report 2022, page 98, 99



Sustainability Governance

100/100

Assessment of a Company's Sustainability Governance
100/100
Board Sustainability
2/2
Incentives & Policy Engagement
2.5/2.5
Innovation & Benchmarking
0.5/0.5
Source(s): Integrated Annual Report 2022, page 18, 19, 20, 22, 23, 48, 50, 51, 60, 125, 126, 132, 136, 137, 139, 142, 143, 162, 163, 164, 192, 306; Policy on Climate Change and Energy Use 2023, page 2; Policy on use of antimicrobial agents 2023; SeaBOS-progress-report-2017-2022.pdf, page 26, 37, 40



Alternative Proteins

15/100

Diversification of Products to Alternative Protein Sources
15/100
Existing product portfolio
0.25/2.5
Investing for future growth
0.5/2.5
Source(s): Mowi Products webpage

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