Lerøy Seafood Group´s strategy is based on an eternal perspective and comprises specific and continuous sustainable improvement measures throughout the value chain.
The Group aim to be a little bit better every day and we are focused on making the right decisions each day to reach this goal.
Our focus areas
For Lerøy Seafood Group as a corporation, maintaining a constant focus on areas where we have the greatest influence in terms of sustainability is essential. Based on a critical evaluation of the value chain and our processes, we have concluded that we currently have the greatest influence within our work on the different areas related to our fish-farming activities. A major share of our efforts related to the environment and sustainability will therefore focus on fish farming.
Vision for the Group
«We shall be the leading and most profitable global supplier of sustainable high-quality seafood.»
Quality and sustainability vision
Safe, sustainable, quality seafood
Quality and sustainability policy
We live by what is produced in the ocean and rely on sustainable management of resources. This enables us to produce and sell quality seafood in the future. Through close cooperation with professional bodies, customers and suppliers, we will deliver: a safe working environment, high professional competence, the right quality and sustainable solutions throughout the value chain.
“Take action today for a difference tomorrow”
The Board of Directors of Lerøy Seafood Group ASA underlines the importance of having sound corporate governance that clearly states the distribution of roles between shareholders, the Board of Directors and the company management.
The goal for Lerøy Seafood Group ASA is for all parts of the Group`s value chain to operate and achieve growth and development. The Board of Lerøy Seafood Group ASA emphasizes the importance of having good corporate governance, which clearly establishes the division of roles between shareholders, the Board and the Group's management. The Board has its own dedicated board member who has special responsibility for the environment and sustainability.
The goal of Lerøy Seafood Group ASA is that all parts of the Group's value chain will operate and create growth and development. This is in accordance with the Group's strategy for long-term and sustainable value creation for shareholders, customers, suppliers and society as a whole.
The Board of Lerøy Seafood Group ASA has the overall responsibility for sustainability work within the Group.
In the Group, the CEO has main responsibility for this area. Matters related to sustainability are approved by the Group management before they are sent to the audit committee / board. The Head of ESG & Quality is responsible for coordinating work involving the environment/ sustainability for all the companies within the Group. Responsibility is delegated to the Managing Director of each subsidiary.
Managers and other employees, at the various levels in the organization, have different goals related to sustainability included in their job descriptions. The company also works with goal management where goals related to sustainability are included. Goals related to job descriptions and goal achievement are included in the basis for the payment of bonuses.
Lerøy Seafood Group has various stakeholders and communicates with these via meetings, annual reports, environmental reports, GRI reports, CDP reports, communication in the media, announcements, registrations, public reporting, joint projects, partnership agreements, the stock exchange, websites etc.
Good communication with stakeholders is important in our daily work. In a new process, we analyse our stakeholders on the basis of their influence on our organisation. This helps us to identify how to engage them more effectively and, more importantly, ensures shared value on both sides of the table.
Lerøy's values are open, honest, responsible and creative, and it is very important for us to have a good and open dialogue with all our stakeholders. In this way, Lerøy gets knowledge of which areas our stakeholders are concerned about, Lerøy get the possibility to communicate how we work within the different areas.
In new processes, we work actively to include relevant stakeholders so that we can ensure value creation for all parties. Through a smooth and good dialogue, we work together on improvements within individual areas and also strengthen the competence in the individual company. Stakeholder dialogue is important and helps us to lift Lerøy further on our path to becoming the most sustainable supplier of quality seafood.
Through our daily activities, we believe we have a good overview of what our most important stakeholders are concerned with. The various stakeholders are selected on the basis of the impact they have on our business and on the basis of the impact Lerøy has on the stakeholders in finance, society and the environment.
In order to meet the various stakeholders' reporting requirements, we have implemented indicators for the various areas. These are referred to in the company's GRI table.
Materiality assessment is the principle of defining the social and environmental topics that matter most to our business and our stakeholders. Lerøy Seafood Group ASA conducted it’s first materiality analysis in 2016 which we updated in 2020. The results are based on feedback from our key internal and external stakeholders through interviews and meetings. The updated materiality assessment is included as part of the annual report for 2021 which has been approved by the group management and the Board of Directors.
We have also received feedback from customers, authorities and NGOs. During the last few years there has been an increasing focus on sustainability issues, which has influenced which indicators are most important to our stakeholders and where we need to focus going forward.
The updated assessment identified 6 key indicators, and the end result is shown in the matrix graph below that plots how each indicator ranks in significance. The relative importance to these six indicators will vary between the different stakeholders.
The group has selected specific sustainability goals, where we focus on the environment and climate, economy, and society.
The UN has developed 17 global goals for sustainable development to restructure the world over the next 15 years.
All 198 member nations of the UN have participated in the preparation of the 17 sustainability goals. The group has selected the goals that are most relevant to our businesses, which we will work towards in our daily activities and focus on in the group's strategy work. All the companies in the group have internal sub-goals related to the work with the selected sustainability goals.
External alert channel:
The group has established a digital channel for notification, for all our stakeholders or other external persons who wish to contact the group, or report a case or situation. They can contact the group through the group's website: www.leroyseafood.com/ contact us.
External notification is handled and coordinated by the group's central external notification committee.
How different cases are followed up will depend on the type and nature, extent and severity of the case. Various matters will be followed up with resources such as local management, COO for the segment, CEO or in special cases the board of the company. Notification matters are reported to the group management and the board.
Number of external notification cases: 2021: 0
Number of feedback from neighbours: 2021: 54
Internal alert channel:
The group has established a digital channel for notification, which is a secure electronic system that allows the notifiers to be anonymous.
Notification is initially handled by an independent third party and further follow-up is coordinated by the group's notification committee.
Cases will be followed up depending on the type of case, scope and severity. Various matters will be followed up with resources such as local management, COO for the CEO segment or in special cases by the company's board. Notification matters are reported to the group management and the board.
Number of internal notification cases:
With its catch of whitefish and the production of Atlantic salmon and trout, the Group is a globally competitive and sustainable food producer.
This is also confirmed through international surveys where the company's work related to ESG is assessed.
Coller FAIRR is that of the companies that assess how listed companies work in accordance with sustainability. In this survey, 60 different protein-producing companies are measured specifically on the UN's sustainability criteria and the stakeholders' perception of our work. In this survey, Lerøy is considered the 4th best company.
The group's sustainability reporting has been prepared in accordance with the GRI framework, and is part of the group's annual report.
Link: GRI report