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Ethics and social responsibility
Lerøy's main activities take place in Norway, but we trade with numerous countries worldwide. It is therefore important for us to ensure that all our activities comply with our set of values.

Lerøy Seafood Group is a corporation involved in global business and working relationships with suppliers and subcontractors worldwide.

In order to safeguard all our activities, we have prepared a set of values that apply to us and our partners in our daily work. Our ethical code of conduct has been reviewed by the Board of Directors and implemented in every Group company. The Group is responsible for ensuring the ethical code of conduct is put into practice, but each employee also bears an individual responsibility to follow the code of conduct when carrying out tasks for the Group. The company management is responsible for ensuring full practice of and compliance with the ethical code of conduct.

 

Key words for the contents of the ethical code of conduct:

  • Ethical requirements for suppliers and subcontractors
  • Requirements on regulation of working conditions for employees
  • The rights of the company’s employees, and employees of suppliers and subcontractors 
  • Factors relating to HSE
  • Forced labour/discrimination
  • Exploitation of resources and impact on local environment
  • Corruption
  • Notification of censurable conditions
  • Ethical guides for employees representing the company outside the workplace

Lerøy Seafood Group has an international working environment. A number of our employees are from other countries, and several of our companies have a multinational workforce. Some of our companies are located close to local refugee centres. By employing residents at such centres, we make an important contribution to successful integration in the local community. A number of the people who live in such centres work at our facilities for short or longer periods of time. They contribute towards value creation and gain valuable experience of working life in Norway.

Companies in the Lerøy Seafood Group work closely with employee representatives. This is based on a close working relationship between local representatives and local management at each company. This cooperation is also very much evident at the core of the Group, where the corporate management and a working committee representing the majority of trade unionists exchange information and discuss shared challenges and opportunities, both at regular intervals and when required. If necessary, formal discussions and negotiations are conducted.

Lerøy has chosen to support various activities for children and young people locally, as well as larger regional and national sports organisations. To have a healthy and balanced diet is important for children and young people. We clearly see what positive effects seafood can contribute with through people´s diet. Therefore, we work actively with our collaborators to get seafood on the menu for children and young people through increased expertise and access to seafood at various sports and cultural events around the country. 

Ripple effect - support to local communities

Norwegian fisheries and the fish farming industry have been of great importance for Norway as a nation for past generations and will continue to be so in the future. The coast of Norway and its coastal communities would not be the same without fisheries and the fish farming industry.

What many do not realise however, is the importance of this industry for other municipalities in Norway. For every full-time equivalent within the fisheries and fish farming industry, 1.1 full-time equivalents are created in other industries nationwide. Local communities, previously facing the threat of rural depopulation, can now face the future with optimism. New jobs are being created not only in the fisheries and fish farming industry, but also in local and national businesses that supply products to our industry. Several municipalities are dependent upon the activity and jobs that are created and sustained with the help of the fisheries and fish farming industry. Local kindergartens and schools require teachers and personnel. New roads are built and new technology developed – to mention only a few major factors.

Lerøy Seafood Group reports according to the Global Reporting Initiative (GRI). This report can be downloaded from the company's website, www.lsg.no. As a corporation, Lerøy Seafood Group has decided to support various activities related to children and young people in local communities. Diet, health and healthy eating are important elements in our efforts to help children and young people, and are essential for young people if they want to achieve their goals. We are therefore always happy to see children and young people enjoying healthy seafood at different events.

Lerøy Seafood Group is fully committed to developing the local communities where the Group’s different facilities are located, and aims to generate increased earnings for these communities by purchasing local goods, equipment and services wherever possible. 

Lerøy Seafood Group's companies in Norway purchased goods, equipment and services totalling NOK 16.9 billion in 2018. The figures show that the Group purchased these goods, equipment and services from 300 different municipalities in Norway. In 2018, the Group had facilities located in close to 60 different Norwegian municipalities.

Our employees contributed NOK 525 million in income tax. Based on our activities over the past seven years, Lerøy Seafood Group has in total contributed to more than NOK 4 billion in tax. As such, we make an important contribution towards sustaining a number of local communities and workplaces in many different parts of Norway.

 

When measured in terms of value creation per full-time equivalent, the individual businesses made the following contributions in 2014*:

  • Fishing and catches NOK 1.082 million per full- time equivalent
  • Aquaculture NOK 2 663 million per full-time equivalent
  • Fish processing NOK 1.103 million per full-time equivalent

2018

  • Revenue: 19 837 637 (1,000 NOK)
  • Pre-tax profit: 4 448 961 (1,000 NOK)
  • Purchasing, excl. intragroup, in Norway: NOK 16,9 billion
  • Purchasing, incl. intragroup, in Norway: NOK 28,1 billion
  • Purchasing in Norway from 5,948 different suppliers
  • Purchasing from suppliers in Norway in 306 different municipalities
  • Tax payments by employees in Norway: More than 525 million NOK
  • Tax payments from the company: 839,5 million NOK
  • 4,589 full-time equivalents in Norway
  • Generates 5,507 full-time equivalents in other industries
  • NOK 1.340 million paid by the Group and its employees in Norway in taxes and duties
  • 1,295 places in nursing homes and 7,661 children in municipal kindergartens

UN sustainable development goals

The UN has adopted 17 global goals for sustainable development to transform the world over the next 15 years. The new goals for sustainable development encompass the environment, economy and social development all within the same context.

  • End extreme poverty
  • Eliminate social inequality
  • Combat climate change and its impacts

All the 193 UN nations have participated in compiling the goals. Lerøy has chosen to adopt some of these 17 goals. The goals we have selected are those most relevant to our processes, but we also have other goals that are closely associated with some of the other UN goals. Internal goals are established for these areas in our underlying companies.