Member AUM
$75 trillion

Salmar ASA

SALM:NO NO0010310956
Key Information
HQ:
Norway
Market Cap:
$6.03bn
Primary Markets:
Europe & Russia, Asia, North America



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

62/100
Low Risk



Greenhouse Gas Emissions

82/100

Scope 1, 2 & 3 Target
75/100
Type of Target
0/0
Strength of Target - SBT
3.75/5
Source(s): Annual Report 2022, page 43, 44

Innovation on GHG Emission Reduction
80/100
Innovation to Reduce Agriculture Emissions
1/1
Feed Farming Innovation
1/2
Animal Farming Innovation
2/2
Source(s): Annual Report 2022, page 36, 37, 48, 49, 209; GRI Index 2022, page 1

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): Annual Report 2022, page 45, 47, 48, 63; GRI Index 2022, page 1; Salmar ASA - Climate Change 2022.pdf, page 3, 4, 55, 63, 65

Emissions Performance
100/100
Overall Emission Performance
5/5
Source(s): Annual Report 2022, page 45, 47, 49

Climate-related Scenario Analysis
55/100
Climate-related Scenarios Analysis Conducted
1/1
Disclosure of Analysis Results on Material Risks
1.75/3
Disclosure of Financial Material Events & Alignment of CAPEX
0/1
Source(s): Annual Report 2022, page 49; Salmar ASA - Climate Change 2022.pdf, page 14, 30; TCFD Report 2022, page 8, 9, 10, 17, 23



Deforestation & Biodiversity

71/100

Deforestation/Conversion-free Target - Soy for Animal Feed
80/100
Risk Assessment to Identify High-risk Locations
4/5
Source(s): Annual Report 2022, page 35, 36; Salmar ASA - Climate Change 2022.pdf, page 28

Engagement, Monitoring & Traceability - Soy for Animal Feed
75/100
Supplier Engagement
0.25/1.25
Compliance monitoring & Traceability
3.25/3.25
Feed Innovation
0.25/0.5
Source(s): Annual Report 2022, page 35, 36; Deforestation and responsible sourcing policy

Aquaculture Certification (ASC, BAP, GlobalGAP, SSP)
100/100
Proportion of Farms Certified
5/5
Source(s): ASC Certified Salmon Webpage; Annual Report 2022, page 25, 30

Feed Ingredients & Conversion Ratios
55/100
Feed Disclosure
2/2
Performance of Feed Metrics
0.75/3
Source(s): Annual Report 2022, page 30, 36; GRI Index 2022, page 1

Feed Innovation
30/100
Strategy
1.5/2.75
Performance
0/2.25
Source(s): Annual Report 2022, page 35, 36; TCFD Report 2022

Sea Lice Management - Salmon (Fish at Sea Only)
80/100
Sea Lice Disclosure & Management
2/2
Cleaner Fish
2/3
Source(s): Annual Report 2022, page 32, 33; Barents Watch Webpage

Ecosystem Impacts
80/100
Escapes
3.25/3.25
Reducing Biodiversity Impacts
0.75/1.25
Algal Blooms
0/0.5
Source(s): Annual Report 2022, page 30, 34, 53, 62



Water Use & Scarcity

6/100


Water Use & Scarcity in Feed Farming
6/100
Supplier Engagement in Water Use in Feed Farming
0.25/2.5
Disclosure of Water Risks in Feed Farming
0/1.5
Source(s): Annual Report 2022, page 51; Water Management Policy 2022, page 2



Waste & Pollution

40/100

Wastewater at Facilities
40/100
Disclosure & Targets for Wastewater Quality & Volume Discharged
1.25/1.5
Transparency on Water Pollution Risks
0.25/2
Performance on Wastewater Quality & Volume Discharged
0.5/1.5
Source(s): Annual Report 2022, page 43, 50, 51, 52, 56; GRI Index 2022, page 1; Water Management Policy 2022, page 1

Nutrient Management in Feed Farming
19/100
Supplier Engagement in Nutrient Pollution Risks
0.25/4
Innovation to Improve Nutrient Management in Feed Farming
0.68/1
Source(s): Annual Report 2022, page 35, 36; Deforestation and responsible sourcing policy; Supply Chain Management Policy 2022

Nutrient Management in Aquaculture
60/100
Disclosure of Pollution Risks in Animal Farming Operations
3/4.5
Performance on Pollution Management
0/0.5
Source(s): Annual Report 2022, page 50, 52



Antibiotics

100/100

Policy on Antibiotics Use
100/100
Policy on Antibiotics Use
5/5
Source(s): Annual Report 2022, page 30, 32; Antibiotics Policy 2022

Disclosure of Quantity of Antibiotics Used
100/100
Disclosure of Quantity of Antibiotics Used
5/5
Source(s): Annual Report 2022, page 30, 63



Animal Welfare

44/100


Aquatic Animal Welfare
38/100
Welfare Policy
1.25/2.5
Reporting on Animal Welfare Metrics
0.63/2
Reporting on Measures to Improve Welfare
0/0.5
Source(s): Annual Report 2022, page 12, 21, 23, 30, 31, 32; Fish Welfare Policy; Humane/Ethical Killing Policy 2022

Disease Management - All Fish
50/100
Mortality Rates
2/3.5
Disease Outbreak
0.5/1.5
Source(s): Annual Report 2022, page 30, 32, 34, 37, 90, 141



Working Conditions

70/100

Human Rights
70/100
Strength of Policy
1/1
Due Diligence Process
2.5/3
Evidence of Remediation
0/1
Source(s): Annual Report 2022, page 26, 61; Ethical Guidelines Webpage; Human Rights Policy 2023, page 1, 2; Sustainability and Social Responsibility with HSE in focus Webpage

Fair Working Conditions
72/100
Policy for Direct Operations
2.1/3
Monitoring & Discosure
1.5/2
Source(s): Annual Report 2022, page 58, 60, 61; Ethical Guidelines Webpage; Human Rights Policy 2023; Supply Chain Management Policy 2022; Whistleblowing Policy 2022

Safety & Turnover Data
80/100
Committee representation of workers
1.5/2
Disclosure of safety and turnover data
2.5/3
Source(s): Annual Report 2022, page 56, 59, 60; Ethical Guidelines Webpage; Policy on Antibiotics

Freedom of Association
58/100
Strength of Policies
1.5/3
Disclosure of Collective Bargaining Metrics
1.38/2
Source(s): Annual Report 2022, page 57, 59, 61; Human Rights Policy 2023; Supply Chain Management Policy 2022



Food Safety

75/100

Food Safety System
60/100
Certifications
2.5/3.5
Performance
0.5/1.5
Source(s): Annual Report 2022, page 30, 36, 38, 39, 41, 54, 63; Food Safety Policy 2022

Product Recalls & Market Bans
90/100
Product Recall Systems
2.5/3
Performance
2/2
Source(s): Annual Report 2022, page 41, 84; Food Safety Policy 2022



Sustainability Governance

68/100

Assessment of a Company's Sustainability Governance
68/100
Board Sustainability
1.5/2
Incentives & Policy Engagement
1.4/2.5
Innovation & Benchmarking
0.5/0.5
Source(s): Annual Report 2022, page 8, 10, 16, 23, 24, 26, 34, 39, 50, 53, 59, 61, 70, 76; Salmar ASA - Climate Change 2022.pdf, page 6, 9, 87, 88



Alternative Proteins

0/100

Diversification of Products to Alternative Protein Sources
0/100
Existing product portfolio
0/2.5
Investing for future growth
0/2.5
Source(s):

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