Mowi

Sustainability strategy
Mowi discloses its process for identifying and prioritising its most relevant sustainability impacts, including ecosystems, traceability and social issues, as well as the outcome of this process, in relation to its sustainability strategy. Furthermore, it reports consistently against all its targets.

Stakeholder engagement
Mowi discloses the channels it uses to engage with its stakeholder groups. Furthermore, the company’s stakeholder engagement covers ecosystems, traceability and social issues.

Sustainable fisheries and aquaculture
With regards to its aquaculture product, Mowi discloses that 99% of the harvested volume in 2022 is sustainably certified by either the Aquaculture Stewardship Council (ASC), Best Aquaculture Practices (BAP), or GlobalGAP. In addition, Mowi has a target to achieve 100% of its harvested volumes to be sustainably certified. With regards of its marine feed ingredients, Mowi discloses that 100% of its marine raw materials were either MSC or MarineTrust certified or part of fisheries improvement projects aimed at achieving the MarineTrust certification.

Ecosystem impacts of fisheries
With regards of its marine feed ingredients, Mowi discloses that 100% of its marine raw materials were either MSC or MarineTrust certified or part of fisheries improvement projects aimed at achieving the MarineTrust certification.

Ecosystem impacts of aquaculture
Mowi discloses quantitative information about the use of marine ingredients in its aquaculture feed production in its annual report. The company provides evidence of its efforts for more efficient use and reductions in the use of marine ingredients in aquaculture feed using alternative ingredients to fulfil the omega-3 feed requirements in its Emerging Feed Raw Materials Policy and has a target to include 10-15% alternative feed products in its portfolio. Moreover, Mowi has a detailed approach to medicine use, particularly in its sea lice management and has implemented alternative medicinal treatments in all its operations.

Disclosure of the source of seafood products and marine feed ingredients
Mowi provides a disclosure encompassing an overview of its sourcing for fish meal and fish oil. This disclosure includes pertinent details such as species, country of origin or Food and Agriculture Organization (FAO) fishing area, volumetric data, and the company’s sustainabitliy approach for each species. Additionally, Mowi maintains transparency regarding its aquaculture operations, which are exclusively focused on the farming of Atlantic salmon within net pens situated in six farming locations.

No leading practices were identified in the social responsibility area.

Respect human rights
Mowi demonstrates a strong commitment to human rights, both in its own operations and across its supply chain, as evident in its publicly available policies and its engagement with stakeholders in France and Poland. It actively identifies and assesses human rights risks and shares the results transparently. Furthermore, the company’s engagement with charitable organizations and support for child refugees exemplify its dedication to social responsibility and contributing to communities in which it operates. The provision of a whistleblowing channel for all workers, with the option for anonymity, underscores the company’s commitment to ensuring a safe and transparent environment. Additionally, its accessible human rights grievance mechanism for external stakeholders reinforces its dedication to addressing concerns from those impacted by its activities, further emphasizing its commitment to human rights and corporate social responsibility.

Provide and promote decent work
Mowi demonstrates a strong commitment to worker health and safety through its publicly available policy statement and quantitative disclosure on worker well-being. It also holds its business relationships to the same high standards regarding health and safety. Its proactive approach to monitoring supplier health and safety compliance, along with the disclosure of supplier ratings, highlights its dedication to safety throughout its supply chain. Furthermore, the company’s commitment to paying a living wage, coverage of collective bargaining agreements, and gender diversity targets showcase its efforts to create an inclusive and equitable workplace, with a balanced representation of women in leadership and on the board. These initiatives reflect a comprehensive approach to promoting worker well-being and diversity and demonstrate a commitment to corporate social responsibility.

Act ethically
Mowi includes anti-bribery and anti-corruption clauses in its contracts with direct business relationships.

Sustainability strategy
While Mowi discloses some sustainability objectives/targets including climate and social inclusion, it has an opportunity to establish group-wide targets for the most material parts of its value chain.

Accountability for sustainability strategy
Mowi discloses a remuneration policy related to sustainability performance but can further link this policy to enhancements in nature-related objectives and social issues. While stating that the board of directors has the expertise in sustainability, there is an opportunity for the company to disclose whether its highest governance body has specific expertise with respect to the company’s most material sustainability topics including ecosystems, traceability and social issues.

Stakeholder engagement
Mowi discloses that the stakeholders identify the important and material topics of concern and states which ESG topics it interacts with each stakeholder. However, there is an opportunity for the company to clarify if these topics are raised by its stakeholders during its ongoing and regular stakeholder engagement activities.

Lobbying and advocacy
Mowi has an opportunity to disclose a list of trade associations of which it is a member. Furthermore, it could provide a clear and detailed framework for assessing the alignment of these trade associations with its sustainability targets and report any (potential) misalignments between the lobbying activities of its trade associations and its sustainability targets.

Ecosystem impacts of fisheries
Mowi disclosed that the entirety of its marine raw materials are either certified by MarinTrust or Marine Stewardship Council (MSC), or from a fishery improvement project (FIP). However, the company has an opportunity to improve its reporting by disclosing where the FIPs are located. Moreover, Mowi can provide a breakdown of what percent is certified vs. in a fishery improvement project.

Traceability systems and commitments for seafood products and aquaculture feed ingredients
Mowi discloses a traceability system in place for its marine ingredients used in salmon feed, tracking information such as the source fishery and the country of origin. Moreover, the company has a general statement on traceability within its sustainable salmon feed policy, which requires that its marine ingredients suppliers are able to track their feed ingredient. Nevertheless, there is an opportunity for Mowi to strengthen its commitments by developing a time-bound target to implement the Global Dialogue for Seafood Traceability standards across its seafood operations and supply chains.

Risk-based approach to illegal, unreported and unregulated (IUU) fishing
By sourcing some of marine ingredients from certified fisheries or involved in a fishery improvement project, Mowi mitigates risks for illegal, unreported and unregulated (IUU) fishing in those fisheries. However, the company could improve its performance by disclosing how assesses IUU risks, especially in fisheries that are not certified and deals with any identified risks.

Forced Labour
While the company prohibits the payment of recruitment fees or related costs in is operations, it could disclose similar commitment for its supply chain. Furthermore, it could disclose a prohibition to retain workers’ personal documents or to restrict workers’ freedom of movement in its value chain. To conclude, the company has an opportunity to indicate how it is building the capacity of its suppliers to prevent forced labour impacts.

Farmer and fisher livelihoods
The company has an opportunity to identify living income benchmarks and assess living income gaps for some commodities and regions. Also, it could adopt procurement practices and develop supply chain relationships that improve fisher and farmers’ income resilience.

Working and living conditions on board fishing vessels
Mowi has a Human Rights Policy and a Code of Conduct for its suppliers. Although the company farms salmon and does not own fishing vessels, the fish meal and fish oil needed for its salmon feed production requires large volumes of wild-caught fish. The company, however, does not demonstrate how it verifies decent working and living conditions on board fishing vessels within its supply chain. Mowi can improve its performance by ensuring that working and living conditions on vessels are monitored, monitoring results are disclosed, and demonstrate how risks are mitigated, and improvements are implemented, where needed.

Respect human rights
Mowi describes its process for assessing its human rights risks. However, it has an opportunity to disclose what it considers to be its salient human rights issues.

Provide and promote decent work
Mowi has various opportunities to enhance transparency. Firstly, it can disclose its process for determining a living wage in the regions it operates. Secondly, the company can reveal how it actively facilitates the payment of a living wage by its suppliers. Furthermore, it has the chance to publicly commit to promoting gender equality and women’s empowerment. Lastly, the company can disclose the ratio of basic salary and remuneration between women and men in its direct operations workforce, categorized by significant locations of operation.

Act ethically
Mowi could publicly disclose a policy statement prohibiting bribery and corruption. It also has an opportunity to provide a detailed description of its process for identifying bribery and corruption risks in its own operations, ensuring clarity and accountability. Furthermore, the company can improve its grievance mechanism for bribery and corruption concerns, ensuring accessibility and anonymity for all stakeholders. To strengthen its corporate governance, the company has the opportunity to develop a policy outlining its approach to lobbying and political engagement, which could include a clear statement of not making political contributions. Publicly disclosing its lobbying expenditures and the requirement for third-party lobbyists to comply with its policies would further demonstrate its commitment to ethical conduct.