Lerøy - Material topics

Process to determine material topics

In order to identify which issues are the most significant to Lerøy and determine material topics, the company has undertaken a materiality assessment.

In order to determine material topics, Lerøy completed the following steps:

Identified the stakeholders which are the most important to the organization. The most important stakeholders included customers, suppliers, business partners, employees’, regulators and community representatives;
Identified a range of potential material topics, based on own materiality assessment, GRI 13 Sector Standard, Coller Fairr Protein Producer Index, EU Taxonomy and other relevant frameworks, which the stakeholders had to assess with regard to their relevance to them and Lerøy;
Conducted materiality assessment by identifying potential materiality topics and requesting stakeholders to prioritize and assess the importance and impact of issues that are relevant Lerøy seen from their perspective. Stakeholder feedback is gathered in a form of questionnaire which is distributed to relevant stakeholders;
Prioritized material issues based on their actual and potential, negative and positive, impacts on the economy, environment, and people, including impacts on their human rights. The material topics that were defined as relevant are those which the organization has or can have the greatest positive or negative impact on. The organization has not tested the topics on other stakeholders than the Management Team and Audit Committee after they have been concluded as it sees the assessment process to be sufficient in defining the material topics;
Reported on the materiality issues and how they are being managed.

Stakeholders whose views and feedback has been collected

PWC: Audit and assurance, consulting and tax services
Løvold: Supplier of systems for mooring fish farms and other floating installations in the sae
The Norwegian Seafood Federation – interest organization for fisheries and aquaculture companies in Norway
ScaleAQ: Supplier of aquaculture systems (such as mooring systems, pens and pen accessories, barges, nets and net service, camera systems, LED lights and sensors, feeding systems etc.)
OneOcean – Supplier of software solutions for informed and compliant voyage decision making;
Söderberg & Partners: Supplier for risk assessment and financial advice
Ettiketto: Packaging supplier
Marel: Food processing machinery and software solution
Zoetis: Producer of medicine and vaccinations for pets and livestock
Atradius: Supplier of trade credit insurance, surety and collections services
ICA: Swedish retailer franchise
Wikborg Rein: one of the biggest law firms in Norway
Akvagroup: Supplier of solutions and services to global aquaculture
DNV: an international accredited registrar and classific
Ahlsell: supplier of products and services within electrical, tools, personal protective equipment etc.
Rema: grocery chain in Norway and Danmark
Morenot: provider of solutions to fishing-, aquaculture- and seismic industries
IKEA: Swedish chain selling ready-to-assemble furniture and houseware supplier
Aquatiq: Supplier of process equipment, chemistry and hygiene solutions to global food industry
Bellona: Independent non-profit organization that aims to meet and fight climate changes
Båtsfjord municipality: municipality in northern Norway (Lerøy runs a processing plant in the municipality)
Bewi: international provider of packaging, components and insulation solutions
Vard: full-service ship builder and designer
Norgesgruppen: Norwegian grocery wholesaling group
DNB: Financial services company (bank)
Danske bank: private Nordic banking company
Optimar: automated fish processing company
Skretting: world’s largest producer of feeds for farmed fish
Selstad: International supplier of competence and equipment for sea-based commerce
NMBU: Norwegiosn University of Life Sciences (research institution)
Employees of Lerøy

Material topic 2022	Is the topic new or has it been included in ESG reporting in previous reporting period?
BIODIVERSITY	The topic has been included in Lerøy’s ESG reporting in previous reporting period. Fish Escapes, Sea bed conditions was material topics in 2021 but is now included in biodiversity.
WATER AND EFFLUENTS	New material topic in 2022
WASTE	New material topic in 2022, however the company chose to include GRI 306 “Waste” (2020) in its reporting for 2021
FISH HEALTH AND WELFARE	The topic has been included in Lerøy’s ESG reporting in previous reporting period. Sea Lice, Use of Drugs and Chemicals, was material topics in 2021 but is now included in fish health and welfare.
CLIMATE EMISSIONS	The topic has been included in Lerøy’s ESG reporting in previous reporting period; In the previous reporting period the name of the topic was “Emissions”
RAW MATERIALS FISH FEED	The topic has been included in Lerøy’s ESG reporting in previous reporting period. Deforestation was a material topic in 2021 but is now included in raw materials fish feed.
HEALTH, SAFETY AND ENVIRONMENT	The topic has been included in Lerøy’s ESG reporting in previous reporting period; In the previous reporting period the name of the topic was “Health, Safety and Environment (HSE)”
FOOD SAFETY	New material topic in 2022. Product Traceability and Product Recall was a material topic in 2021, but is now included in Food Safety.
FOOD SECURITY	New material topic in 2022 We reported food waste in 2021
RESULTS	The topic has been included in Lerøy’s ESG reporting in previous reporting period; In the previous reporting period the name of the topic was “Earnings and Returns for Owners”
SUPPLIER MANAGEMENT	The topic has been included in Lerøy’s ESG reporting in previous reporting period
CUSTOMER PERSPECTIVE	New material topic in 2022
COMPLIANCE	The topic has been included in Lerøy’s ESG reporting in previous reporting period; In the previous reporting period the name of the topic was “Compliance and Business Code of Conduct”
ANTI- CORRUPTION	New material topic in 2022, however the topic was partly reported on under “Compliance and Business Code of Conduct”
LEARNING AND ORGANISATIONAL DEVELOPMENT	New material topic in 2022

Topics which we reported on in 2021 that are not included in 2022 reporting:

Plastic Management
Certifications

In 2022 Lerøy has chosen to report on material topics which reflect the content in GRI Sector Standard 13. The material topics for 2022 implicitly cover the topics listed above.

Material topics

Process to determine material topics

Stakeholders whose views and feedback has been collected

For full overview of all 2021 Material topics, please visit Lerøy’s Annual Report 2021