INNOVATE & DEVELOP Our Ambition

In Milarex we take pride in actively promoting sustainable and affordable farmed raised salmon as a healthy protein source for a growing global population. We strive to be the benchmark for safe and sustainable salmon processing.

Thomas Farstad - CEO

Milarex sustainability ambition – Our goal

Our goal:

The benchmark for safe and sustainable salmon processing

What this means:

Make sustainable seafood affordable through sustainably sourced salmon efficiently processed in the best climate friendly way, in accordance with ethical business conduct, securing a healthy and safe food supply.

Our strategic approach and commitments

Milarex sustainability ambition - The four key themes in our sustainability strategy

We believe that sustainable business conduct drives superior performance and that this is the only way to create long-term value for all our stakeholders. Businesses that will be successful in the future will be those that serve society today. Our sustainability ambition is built on 4 key themes which covers the main priorities from the material assessment.

Our sustainability commitments

To us sustainability is a natural part in being a successful company and we always strive to act in an transparent, responsible and ethical way, expecting our business partners to do the same.
To always be in the forefront in sustainable practice and meet our ambitions we need to develop and make some commitments. Below you will find our key targets for the period 2020 – 2025.

We align with relevant SDGs

In September 2015 , the United Nations adopted 17 UN Sustainable Development Goals (SDGs) in an effort to end extreme poverty, reduce inequality and protect the planet by 2030. These goals were developed to guide society, governments and businesses to a join efforts in changing towards a more sustainable development. The SDGs highlighted below are the most relevant and material for Milarex.

How did we identify and prioritize the important ESG topics?

We engage with our stakeholders:

Stakeholder engagement is essential to grow our business and to reach our ambitious targets. By understanding the needs and interests of our stakeholders, our strategy aims to better meet their expectations and prioritize our reporting on the issues that our stakeholders take interest in. We have a dialogue with our stakeholders, we ask our stakeholders about what is important to them and we review and analyze what our stakeholders express through their own actions and publications..

We prioritize the important topics

We live in an uncertain and constantly changing world. A material assessment helps us identify and prioritize on the sustainability issues that matter most to stakeholders and our business. An issue is material to Milarex if it meets two conditions. Firstly, it impacts our business significantly in terms of growth, cost or risk. And secondly, it is important to our stakeholders. We revise our assessment to make sure it reflects changes in our business and the external environment. A major external revision and update is done in cycles of three years.