Climate changes can cause several negative impacts such as:

Rising sea levels: As global temperature rise, glaciers and ice sheets melt, and sea levels rise. This could lead to  flooding of low-lying areas and displacement of millions of people.

Extreme weather events: Climate change leads to more frequent and severe weather events, including hurricanes, droughts, heatwaves and wildfires. These events can cause  significant damage to infrastructure, homes and ecosystems.

Loss of biodiversity: As temperatures rise, many species may be unable to adapt to changing conditions and may go extinct. This could have cascading effects on ecosystem and food chains.

Water scarcity: Climate change is expected to lead to more frequent and severe droughts, which could lead to water scarcity in many regions. This can potentially cause  conflicts over water resources and harm agriculture and food production.

Health impacts: Climate change could lead to increased incidence of several diseases. This could have significant impacts on public health and healthcare systems.

Economic impacts: Climate change could lead to significant economic impacts, including damage to infrastructure, lost productivity, and higher costs for disaster relief. These impacts could be particularly severe for low-income communities and developing countries.

Lerøy, as any other organization, has an impact on the climate in several ways:

The organization emits GHG through our operations. Lerøy is performing GHG reporting (Scope 1, 2 and 3) in order to monitor and control its own and relevant supply chain emissions in order to be able to take appropriate measures for reducing its GHG emissions.

The organization also implicitly contributes to deforestation by purchasing fish feed. Lerøy is working proactively with its business partners (including fish feed suppliers) to develop alternative fish feed ingredients.

The organization generates waste, including plastic waste, however its is taking appropriate steps to reduce its contribution to pollution.

Lerøy has developed Climate policy which sets out a range of actions and measures aimed at addressing climate change and introducing sustainable business practices. The goal of the policy is to mitigate the negative impacts of climate change and reduce risks associated with it.

Actions taken to manage the topic and related impacts:

• Regular reporting and monitoring of GHG in order to be able to reduce its GHG emissions as well as follow developments and trends and manage the organization’s impact on climate change
• Committing to a Science Based Target to reduce its GHG emissions. The organization has committed to reducing 46% of its Scope 1, 2 and 3 GHG emissions from base year 2019. The target is aligned with a 1,5 degrees C pathway. NB! The Group is currently re-calculating its Science Based Target base year (2019) and will deliver its re-calculated application to Science-Based Targets Initiative. Lerøy Seafood Group will also set a Forest, Land and Agriculture (FLAG) science-based target and deliver an application to Science Based Targets Initiative according to Science Based Targets recommendations and given time frameworks.
• Adapting to the impacts of climate change – climate changes occur as a result of any organizational activity. The organization is adapting to the impacts of these changes by implementing appropriate measures.
• Participating in different research and development activities which is critical to addressing climate change. Lerøy is participating in several initiatives to help developing new technologies that can help reducing climate change.
• Promote sustainable business practices and increase organizational awareness about climate change and informing stakeholders about what actions Lerøy is taking in order to reduce its GHG emissions. Stakeholders are informed via  annual and quarterly reports, web-page updates as well as news articles on social media. The effectiveness of the actions taken is discussed in the company’s annual report