Salmones Camanchaca SA

SALMOCAM:CI CL0002409135
Key Information
HQ:
Chile
Market Cap:
$0.34bn
Primary Markets:
Asia, North America, LATAM



Company Information

Company Summary

Camanchaca is engaged in industrial fishing in northern and southern Chile as well as farming Atlantic salmon, mussels and abalone. The Company owns freshwater fish farms, processing plants, and more than 70 aquaculture concessions for sea farming within the national territory, operating along over 6,000 kilometres of coastline and exporting to more than 50 countries.
Salmones Camanchaca SA

Revenue

Total revenue:

$0.3bn

Revenue by Geography

Revenue by Protein

Revenue by Product Type

Note: This financial breakdown is based on Annual reports released in 2022, containing, in most cases, FY2021.


Disclosures

CDP ScoresLast Reviewed: 11/10/2023

CDP ClimateCDP ForestsCDP Water
NoNoNo

Science Based Target InitiativeLast Reviewed: 03/10/2023

Target classificationStatusDate
Has not set SBT--

Coller FAIRR Protein Producer Index

Analysis Overview

Index-Radar-2023
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

57/100
Medium Risk



Greenhouse Gas Emissions

35/100

Scope 1, 2 & 3 Target
20/100
Type of Target
0/3
Strength of Target - Non-SBT
1/2
Source(s): Fish Feed Sustainability Statement 2020; Green Gases Effect 2022_Salmones_English.pdf, page 3, 24; Integrated Annual Report 2022, page 24, 25, 37, 109, 184

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): Annual-Report-2022-Salmones-Camanchaca-web (1).pdf, page 184; Integrated Annual Report 2022, page 220, 254

Quality of GHG Inventory
90/100
Quality and scope of GHG inventory Completeness
1.5/1.5
Feed & Animal Farming Emissions
2/2
Transparency of GHG Inventory
1/1.5
Source(s): Annual-Report-2022-Salmones-Camanchaca-web (1).pdf, page 201; GHG inventory report 2023, page 16; Integrated Annual Report 2022, page 278

Emissions Performance
5/100
Overall Emission Performance
0.25/5
Source(s): Integrated Annual Report 2022, page 185

Climate-related Scenario Analysis
20/100
Climate-related Scenarios Analysis Conducted
0/1
Disclosure of Analysis Results on Material Risks
1/3
Disclosure of Financial Material Events & Alignment of CAPEX
0/1
Source(s): Annual-Report-2022-Salmones-Camanchaca-web (1).pdf, page 235; Integrated Annual Report 2022, page 79, 213, 235, 245



Deforestation & Biodiversity

71/100

Deforestation/Conversion-free Target - Soy for Animal Feed
75/100
Risk Assessment to Identify High-risk Locations
0/0.5
Strength of Deforestation Commitment
1.5/2
Regional & Operational Coverage of Commitment
1.25/1.25
Transparency - Progress Against Commitment
1/1.25
Source(s): Fish Feed Sustainability Statement 2020; Integrated Annual Report 2022, page 129, 194, 195, 201; List of main suppliers, page 1

Engagement, Monitoring & Traceability - Soy for Animal Feed
45/100
Supplier Engagement
0.5/1.25
Compliance monitoring & Traceability
1.75/3.25
Feed Innovation
0/0.5
Source(s): Annual Report 2022, page 121; Code of Conduct and Practices for Suppliers of Goods and Services to Salmones Camanchaca 2021, page 16; Integrated Annual Report 2022, page 194, 201; Salmones Camanchaca, BioMar and Skretting - FEB2021

Aquaculture Certification (ASC, BAP, GlobalGAP, SSP)
100/100
Proportion of Farms Certified
5/5
Source(s): Integrated Annual Report 2022, page 111, 114, 191

Feed Ingredients & Conversion Ratios
80/100
Feed Disclosure
2/2
Performance of Feed Metrics
2/3
Source(s): Integrated Annual Report 2022, page 194, 195, 196, 197, 254

Feed Innovation
30/100
Strategy
1.5/2.75
Performance
0/2.25
Source(s): Integrated Annual Report 2022, page 133, 206

Sea Lice Management - Salmon (Fish at Sea Only)
100/100
Sea Lice Disclosure & Management
2/2
Cleaner Fish
1/3
Source(s): Integrated Annual Report 2022, page 136

Ecosystem Impacts
68/100
Escapes
2.5/3.25
Reducing Biodiversity Impacts
0.38/1.25
Algal Blooms
0.5/0.5
Source(s): Environmental Plan; Integrated Annual Report 2022, page 31, 79, 198, 199, 200, 201, 202, 243, 254



Water Use & Scarcity

48/100

Water Use & Scarcity in Facilities
67/100
Monitoring Water Consumption & Withdrawals
0.75/0.75
Target to Reduce Water Consumption & Withdrawals
0.4/1
Disclosure & Performance of Water Risks in Facilities
2.2/3.25
Source(s): Annual Report 2022, page 188, 189; Integrated Annual Report 2021, page 172; Integrated Annual Report 2022, page 188, 189, 254, 282; Salmones Camanchaca reduces water consumption Webpage

Water Use & Scarcity in Feed Farming
25/100
Supplier Engagement in Water Use in Feed Farming
0/2.5
Disclosure of Water Risks in Feed Farming
1/1.5
Source(s): Annual Report 2022, page 190; BioMar and Skretting inks deal with Salmones Camanchaca to incorporate sustainability standards The agreement, a pioneer in the Chilean industry, aims to contribute to sustainability on GHG emissions, use of raw materials and the use of renewable energy. https://www.aquafeed.com/regions/latin-america/biomar-and-skretting-inks-deal-with-salmones-camanchaca-to-incorporate-sustainability-standards/; Camanchaca Salmon Water Footprint, page 10

Water Use & Scarcity in Animal Farming
51/100
Supplier Engagement in Water Use in Animal Farming
2.55/3
Disclosure of Water Risks in Animal Farming
0/2
Source(s): Annual Report 2022, page 188; Integrated Annual Report 2022, page 188; Policies and Commitments Healthy Ecosystems 2022



Waste & Pollution

19/100

Wastewater at Facilities
57/100
Disclosure & Targets for Wastewater Quality & Volume Discharged
0.5/1.5
Transparency on Water Pollution Risks
1.45/2
Performance on Wastewater Quality & Volume Discharged
0.9/1.5
Source(s): Annual Report 2022, page 192; Integrated Annual Report 2022, page 188, 191, 193, 208, 254, 276

Nutrient Management in Feed Farming
0/100
Supplier Engagement in Nutrient Pollution Risks
0/4
Innovation to Improve Nutrient Management in Feed Farming
0/1
Source(s):

Nutrient Management in Aquaculture
0/100
Disclosure of Pollution Risks in Animal Farming Operations
0/4.5
Performance on Pollution Management
0/0.5
Source(s): Integrated Annual Report 2022, page 166, 167, 168, 198; Policies and Commitments Healthy Ecosystems 2022, page 12, 13



Antibiotics

94/100

Policy on Antibiotics Use
90/100
Policy on Antibiotics Use
4.5/5
Source(s): Integrated Annual Report 2021, page 131; Integrated Annual Report 2022, page 130, 131, 132, 134

Disclosure of Quantity of Antibiotics Used
98/100
Disclosure of Quantity of Antibiotics Used
4.9/5
Source(s): Integrated Annual Report 2022, page 131, 132, 134, 183, 254, 282



Animal Welfare

55/100


Aquatic Animal Welfare
63/100
Welfare Policy
2/2.5
Reporting on Animal Welfare Metrics
1.16/2
Reporting on Measures to Improve Welfare
0/0.5
Source(s): Animal Welfare Policy 2021; Integrated Annual Report 2022, page 122, 124, 126, 129, 254

Disease Management - All Fish
47/100
Mortality Rates
2/3.5
Disease Outbreak
0.35/1.5
Source(s): Annual-Report-2022-Salmones-Camanchaca-web.pdf, page 128, 137; Integrated Annual Report 2022, page 111, 129, 130



Working Conditions

59/100

Human Rights
50/100
Strength of Policy
1/1
Due Diligence Process
1.5/3
Evidence of Remediation
0/1
Source(s): Code of Conduct and Practices for Suppliers of Goods and Services to Salmones Camanchaca 2021, page 9; Human Rights Policy 2021, page 1, 4; Integrated Annual Report 2022, page 75

Fair Working Conditions
74/100
Policy for Direct Operations
2.3/3
Monitoring & Discosure
1.4/2
Source(s): Code of Conduct and Business Ethics 2020, page 4, 5, 9, 25; Code of Conduct and Practices for Suppliers of Goods and Services to Salmones Camanchaca 2021, page 4, 5, 9, 10, 11; Complaints Channel webpage; Human Rights Policy 2021, page 2, 3, 4; Integrated Annual Report 2022, page 73, 74, 146, 214, 215, 216; Occupational Health and Safety 2022, page 2

Safety & Turnover Data
53/100
Committee representation of workers
0.65/2
Disclosure of safety and turnover data
2/3
Source(s): Integrated Annual Report 2021, page 131, 236; Integrated Annual Report 2022, page 16, 113, 139, 148, 149, 157, 159, 162, 254; Occupational Health and Safety 2022, page 1

Freedom of Association
60/100
Strength of Policies
1.5/3
Disclosure of Collective Bargaining Metrics
1.5/2
Source(s): Code of Conduct and Business Ethics 2020, page 11; Code of Conduct and Practices for Suppliers of Goods and Services to Salmones Camanchaca 2021, page 3, 7, 10; Integrated Annual Report 2022, page 140, 156, 254



Food Safety

90/100

Food Safety System
85/100
Certifications
3.25/3.5
Performance
1/1.5
Source(s): Code of Conduct and Practices for Suppliers of Goods and Services to Salmones Camanchaca 2021, page 3; Integrated Annual Report 2022, page 109, 111, 112, 114, 115, 116, 117, 194, 228

Product Recalls & Market Bans
95/100
Product Recall Systems
2.75/3
Performance
2/2
Source(s): Integrated Annual Report 2022, page 117



Sustainability Governance

46/100

Assessment of a Company's Sustainability Governance
46/100
Board Sustainability
1.13/2
Incentives & Policy Engagement
0.65/2.5
Innovation & Benchmarking
0.5/0.5
Source(s): Corporate Governance - Board of Directors Webpage; Integrated Annual Report 2022, page 15, 36, 59, 67, 70, 90, 91, 174, 202, 205, 222, 229, 231, 254, 255



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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