The Board of Lerøy Seafood Group ASA emphasizes the importance of having good corporate governance, which clearly establishes the division of roles between shareholders, the Board and the Group's management. The Board has its own dedicated board member who has special responsibility for the environment and sustainability (ESG related matters).

The Board of Lerøy Seafood Group ASA has the overall responsibility for sustainability work within the Group.

In the Group, the CEO has main responsibility for this area. Matters related to sustainability are approved by the Group management before they are sent to the audit committee / board. 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 and other employees, at the various levels in the organization, have different goals related to sustainability included in their job descriptions. The company also works with goal management where goals related to sustainability are included. Goals related to job descriptions and goal achievement are included in the basis for the payment of bonuses.

Entities included in the organization's sustainability reporting

The company has audited consolidated financial statements on public record. For information regarding the list of entities included in financial reporting, please, visit Lerøy Annual Report 2023.

All reporting entities report relevant ESG data in the reporting system Cemasys which consolidates the information on a Group level. There are no adjustments to information for minority interests as it is not relevant in the given context. If mergers and/or acquisitions occur it is taken account into reporting and the reporting is accordingly adjusted to ensure completeness. The approach does not differ across disclosures in this Standard and/ or across material topics.

An overview over entities included in the organization’s sustainability (ESG) reporting can be found below. A change compared to previous reporting period is that a new reporting entity (Lerøy Ausevoll) is added to ESG reporting. Lerøy Austevoll is an acquisition acquired in 2023.

NB! Lerøy completes reporting for single Farming region (Norway). Scottish Sea Farms (the UK) is not included in Lerøy Seafood Group ASA  sustainability (ESG) reporting scope since Lerøy holds 50% of shares of the company. 

Lerøy Seafood Group ASA sustainability (ESG) reporting scope includes companies where Lerøy holds more than 50% of shares of a company.