2020 Green Bond Impact Report Released

The 2020 Impact Report on Green Bonds As the pioneering seafood firm to launch a green bond, we are delighted to unveil Mowi's 2020 Green Bond Impact Report. This report provides a comprehensive overview of the environmental implications of EUR 200 million in green bond funds. The allocation and impact of these funds have been assessed based on the guidelines established in our Green Bond Framework, which was released in January 2020. Mowi's Green Bond Framework underwent a review by CICERO Shades of Green and was awarded a Medium Green Shading, along with the top governance rating. By allocating our green bond funds, we are endorsing the Paris Agreement and advancing towards the UN Sustainable Development Goals #6 (clean water and sanitation), #13 (climate action), and #14 (life below water). The funds from Mowi's first-ever green bond have been directed towards the production of sustainable fish feed using only certified deforestation-free soy, which is crucial for minimizing the carbon footprint of salmon. Additionally, the funds have been invested in freshwater facilities that utilize recirculating aquaculture systems (RAS), significantly reducing reliance on external freshwater sources and potentially decreasing time in the sea.