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SUSTAINABILITY LIBRARY
Governance and stakeholders

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.

Take action today, for a difference tomorrow
Governance and stakeholders

Value chain

We develop the world's most effective and sustainable value chain for seafood.
Governance and stakeholders

Vision and values

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.

Mission

“Take action today for a difference tomorrow”

Governance and stakeholders

Value chain analysis sustainability

Governance and stakeholders

Ownership

Governance and stakeholders

Management

The Board works purposefully with the company management to make the Group the most sustainable and profitable, fully integrated global seafood company.

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. This according to the Group`s strategy for long-term and sustainable value creation over time for shareholders, employees, customers, suppliers and society at large.

The Board of Directors of Lerøy Seafood Group ASA has one member who is assigned extended responsibility for the environment and sustainability.

In the Group, the CEO has main responsibility for this area. 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 at the different levels of the organisation are assigned job descriptions that contain different goals, including goals for sustainability.

Goal achievement contributes to the payment of bonuses.

Governance and stakeholders

Stakeholders

A stakeholder is a group, organisation, member or system who affects or can be affected by an organisation's actions.

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.

Keywords:

  • Acceptance of topics chosen
  • Different perspectives on impacts
  • Problem identification
  • External impression
  • Knowledge
Stakeholders
Governance and stakeholders

Reporting

Governance and stakeholders

Materiality analysis

Materiality Assessment

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 2020 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.  

Governance and stakeholders

External principles and initiatives

Governance and stakeholders

Membership of interest groups and associations

Governance and stakeholders

UN sustainability goals

The Group has adopted some of the Sustainable  Development Goals established by the UN, including  environmental, economic and social development goals.
Governance and stakeholders

Benchmarking & recognition

With its production of Atlantic salmon and trout, the Group is a globally competitive and sustainable food producer. The Group was therefore delighted to note that this has not only been measured according to the UN’s sustainability criteria but was substantiated last year, once again, in an international survey of sustainability conducted by Coller FAIRR.

Lerøy  also reports climate and environmental data to the Carbon Disclosure Project (CDP) where we received a climate change score B in 2020 of more than 9,600 companies assessed in 2020. We are also reporting for 2021.  

Also note that our annual sustainability report which is part of our overall annual report is prepared based on the GRI Framework.

Governance and stakeholders

Some R&D projects