BioMar Group Releases Integrated Sustainability Report
BioMar Group releases their Integrated Sustainability Report. Three years ahead of schedule, four out of five KPI's for raw materials have reached the 2020 target. BioMar has decided to raise the bar further and have now set new targets for 2020.
BioMar's Integrated Sustainability Report is a comprehensive report that is aligned with the UN Sustainable Development Goals and referencing the Global Reporting Initiative guidelines. It gives complete transparency on BioMar operations not only with their sustainability KPIs but their finances and growth ambitions. The report takes an in-depth look at the role and importance of traceability and data analytics in the future of sustainable aquaculture.
Traditionally, the feed comprises about 80% of the impacts in raising fish. The feed ingredients and operations account for most of the mass energy flows in the value chain and hence it plays a crucial role in the overall sustainable, and the environmental and social development of aquaculture.
"Sustainability in the aquaculture industry begins with the feed and in BioMar we believe it is our responsibility to provide our customers with innovative, high performance feed solutions that also reduce the impact on our environment", said Carlos Diaz, CEO BioMar Group.
In 2015 BioMar addressed the sustainability of their raw materials by setting ambitious targets for the use of certified products. These KPIs included 100% certification of all soy protein, krill and palm oil and 70% of all fish meal and fish oil. While soy protein remains on track to achieve its 2020 objective, all other ingredients have met or exceeded expectations. BioMar will now raise the bar on their targets for fish meal and fish oil to 80% certified material by 2020.
"Sustainability and responsible sourcing is an ongoing challenge. To continue to be leaders in sustainability we will look to set even more demanding targets beyond 2020 that will help drive us to new heights", stated Carlos Diaz.
BioMar will continue with their commitment to driving sustainability in 2018 and by year-end will have finalised a full source-to-market sustainability rating of their entire raw material portfolio. This comprehensive assessment tool will enable them to steer their raw material purchasing toward more sustainable solutions, and enable aquaculture farmers and the wider value chain to have a more complete understanding of the sustainability of every raw material found in aquaculture feed.