The Group focuses on eco-friendly solutions and works on keeping both direct and indirect emissions as low as possible.

The Group reports its Greenhouse Gas emissions according to Greenhouse Gas Protocol and reports Its Scope 1 (Direct emissions from own or controlled sources), Scope 2 (Indirect emissions from the generation from purchased energy and Scope 3 (indirect emissions (not included in scope 1 and 2) that occur in the value chain of the reporting company, including both upstream and downstream emissions) emissions.

The  Group has set a Science Based Target which is approved by The Steering Committee of The Science Based Targets initiative.

By introducing Science Based Targets, The Group has set a clear direction for its emission reductions throughout the entire value chain. Both the company's Board, Group management and employees are supporting the goals that have been set and will work together through "One Lerøy" to ensure that we achieve the goals that have been set.

MAIN GOAL:

 “Lerøy Seafood Group ASA commits to reduce absolute scope 1, 2 and 3 GHG emissions 46% by 2030 from a 2019 base year.”

The target is aligned with a 1,5 degrees C pathway.

Greenhouse gas emissions

The tables provide a summary of  key consumption figures for fossil fuels and electricity as well as greenhouse gas emissions (tco2e) per segment and in total.

TOTAL CONSUMPTION OF FOSSILE FUELS (SCOPE 1)

TOTAL CONSUMPTION OF ELECTRICITY (SCOPE 2)

TOTAL TONNES OF CO2 EQUIVALENT (TCO2E)

CO₂e emissions for fish are in general low. When compared with other types of  proteins we eat, salmon has the lowest eco-footprint.

Emissions

Lerøy Seafood Group («Lerøy») is continuously working to improve its CO2e emission monitoring and reporting. Information regarding emissions is crucial for understanding and responding to environmental challenges. However, we acknowledge that we need to strive to improve the data quality and current reported numbers will be amended if we identify any deviations.   

The Group has completed a comprehensive analysis of climate related risks and opportunities which the Group is facing over short, medium and long term. This analysis has confirmed the importance of measuring, monitoring and reporting our environmental performance.

Lerøy has set ambitious science-based targets to reduce our carbon footprint: We aim to reduce our CO2e emissions by 46% by 2030 compared to 2019 levels. (ref: Climate Policy). Lerøy has defined 2019 as the base year for our science-based climate target as this was the first year all operating segments in the Group were conducting greenhouse gas emission reporting for Scope 1, 2 and 3. The Group’s operating segments are the following: 1) Wild Catch 2 ) Farming  and 3) Value Added Processing which also includes sales and distribution.

The reported emission figures have been collected throughout 2021 from relevant suppliers via invoices and direct monitoring and are based on the same data source as the figures reported in Lerøy’s 2020 annual report.   

Our emissions are reported in accordance with the GHG Protocol Corporate Accounting and Reporting Standard. The Group accounts for Scope 1 and 2 GHG emissions over which it has operational control. Reporting units account for their use of fossil fuels, refrigerants, electricity as well as district heating/cooling. Climate account statements are consolidated in the same manner as financial statements showing aggregated results for the Group’s entities (reporting units).

The Group’s Scope 3 is reported in accordance with GHG Protocol Corporate Accounting and Reporting Standard (Corporate Value Chain (Scope 3) Accounting and Reporting Standard. The Group has carried out mapping of its “carbon hotspots” identifying the main sources of greenhouse gas emissions which are included in the Group’s Scope 3 climate accounts. For more detailed information, please, see table Scope 3 Overview per Category below.

Emission factors

Emissions data for Scope 1, 2 and 3 covers reporting of the following greenhouse gases: carbon dioxide (CO2), methane (CH4), nitrous oxide (N2O), hydrofluorocarbons (HFCs) and perfluorocarbons (PFCs). The Group has not reported any biogenic CO2 emissions in Scope 1 or Scope 3 in 2021. 

Source for Scope 1 emission factors used for calculation of tCO2e is DEFRA (Department for Environmental Food and Rural Affairs, UK Government), 2021 as well as National Standard Emission Factors (Norwegian Environment Agency), 24^th February 2015.

Source for location-based Scope 2 emission factors used for calculation of CO2e is International Energy Agency (IEA) for 2019. The factors used are based on national gross electricity production mixes on 3 years rolling average. The Nordic electricity mix used to calculate the Group’s location-based Scope 2 emissions are based on 2019 factors. The Nordic electricity mix factor is developed by Cemasys (sustainability consultancy company and service provider for registration and calculation of climate accounts) covers the weighted production in Sweden, Norway, Finland and Denmark reflecting the common Nord Pool market area. Emission factors per fuel type are based on assumption in the IEA methodological framework. Factors for district heating/ cooling are either based on actual (local) production mixes, or average IEA stat.

The Group has not purchased Guarantees of Origin in 2021.

Regarding market-based emissions – the choice of emission factor using this method is determined by whether the business acquires Guarantees of Origin or not. For electricity without the Guarantee of Origin, the emission factor is based on the remaining electricity production after all Guarantees of Origin for renewable energy are sold. This is residual mix, which is normally substantially higher than the location-based factor.

Source for Scope 3 emission factors used for calculation of tCO2e is DEFRA (Department for Environmental Food and Rural Affairs, UK Government) 2021, International Energy Agency (IEA) 2021, Greenhouse gas emissions of Norwegian seafood products in 2017, SINTEF study, Emission factors from fish feed producers 2021, Database Ecoinvent 3.8 (2021).

Scope 3 Overview per category (2021)

*For more detailed information regarding the categories, please visit Corporate Value Chain (Scope 3) Accounting standard

**A Well-to-Tank emissions factor, also known as upstream or indirect emissions, is an average of all the GHG emissions released into the atmosphere from the production, processing and delivery of a fuel or energy vector.

GHG emissions calculations methodology (developed by Cemasys)

THREE  MAIN ACTIVITIES WHICH CAN HELP US TO REDUCE OUR EMISSIONS:

• Changing feed content/ ingrediences
• Less transportation by air
• Switching to alternative fuels

What causes our emissions?

GHG emissions intensity

The Group’s emissions ratio is calculated in the following manner: tCO2 (Scope 1 & Scope 2)/tons Produced volume

GHG emissions intensity Farming (Tons CO2/ tons gross growth): 0.057

GHG emissions intensity Wild Catch (Tons CO2/ tons headed/gutted fish): 1.127

GHG emissions intensity VAP, Sales & Distribution (Tons CO2/ tons products sold): 0.117

Climate accounts