Salmar

ABOUT THE COMPANY

Founded in 1991, SalMar emerged through the acquisition of a salmon farming license and a liquidated company’s whitefish processing plant. Since its establishment, SalMar has grown from a small, local company in Norway into a vertically integrated global player in the aquaculture industry. SalMar's shares were listed on the Oslo Stock Exchange on 8 May 2007.

Today, SalMar is the world’s second largest producer of Atlantic salmon and one of the world’s largest and most efficient producers of farmed salmon. With farming activity along the coast of Norway, the company is a pioneer in the development of offshore farming through SalMar Aker Ocean, which are two semi-offshore projects in operation: Ocean Farm 1 and Arctic Offshore Farming. SalMar owns 52% of Icelandic Salmon AS, which owns 100% of Arnarlax Ehf., Icelands largest salmon farmer. SalMar also holds 50% stake in Norskott Havbruk AS, which owns 100% of Scottish Sea Farms Ltd, Great Britain’s second-largest salmon farmer. SalMar has production in Scotland, Shetland and Orkney Islands. The company’s vision is “passion for salmon” which guides SalMar in its strategic decisions. Its two strategic objectives are producing fish at the lowest cost and achieving the best price for their fish, which allow for increased operational efficiency and yield. These objectives have supported the company’s growth over the years and will remain a core part of SalMar in the future. Most recently, in June of 2024, SalMar was named as one of the world’s most sustainable companies by Time magazine.

Looking to the future, SalMar will continue to invest in biology with its Salmon Living Lab initiative. This initiative draws on collaboration from the entire aquaculture industry to evaluate and solve challenges the industry faces. Additionally, SalMar will continue to prioritize sustainability while achieving its strategic objectives.

SUSTAINABILITY

Sustainability is essential for SalMar as it ensures the longevity and profitability of our business while promoting environmental and social balance. The transition and maintenance of sustainable practices, such as minimizing environmental impacts and preserving natural resources, can help maintain healthy ecosystems and promote fish welfare. This, in turn, can lead to a reliable and consistent supply of high-quality salmon for our consumers, as well as the long-term viability of the industry. Furthermore, practicing sustainability can also build consumer trust and ensure long-term success in an increasingly eco-conscious market.

Today, the world's population is consuming resources at a rate that surpasses the planet's ability to generate them. Notably, food production is accountable for a significant fraction of the ecological and climate burden on the planet. To sustain the ever-expanding global populace, we require sustainable approaches to food production that minimize environmental impacts. Salmon farming stands out as one of the most sustainable techniques for producing food, primarily due to its eco-friendliness in terms of space utilization, freshwater consumption, and greenhouse gas emissions. Consequently, aquaculture and salmon farming hold great potential to provide the world's growing population with healthy, protein-rich food in the foreseeable future.

Environmental:

SalMar is at the forefront of the battle against climate change and has made a firm commitment to reducing greenhouse gas emissions in alignment with the 1.5°C target of the Paris Agreement. Over the course of this decade, we aim to achieve a 42% reduction in emissions, both within our own operations and throughout the value chain. Our climate targets have undergone verification by the esteemed Science Based Targets initiative, ensuring that our commitments are firmly grounded in the latest scientific advancements.