Use this index to navigate through the Cermaq Sustainability Report 2011.

  • GRI reporting profile ( + )
    • 1. Strategy and analysis (+)
    • 2. Organisational profile (+)
      • 2.1.Name of the organisation
        Cermaq ASAFull
      • 2.2.Primary brands, products, and/or services.
        FullEWOSMainstream
      • 2.3.Operational structure of the organisation, including main divisions, operating companies, subsidiaries, and joint ventures.
        FullEWOSMainstream
      • 2.4.Location of organisation's headquarters.
        Grev Wedels Plass 5, P.O. Box 144 Sentrum, 0102 Oslo, NorwayFull
      • 2.5.Number of countries where the organisation operates, and names of countries with either major operations or that are specifically relevant to the sustainability issues covered in the report.
        FullCermaq - a global leader
      • 2.6.Nature of ownership and legal form.
        Cermaq ASA is a public company listed on the Oslo Stock Exchange. The Norwegian State is the principal shareholder in Cermaq ASA with a shareholding of 43,5 percent. FullShareholder Information
      • 2.7.Markets served (including geographic breakdown, sectors served, and types of customers/beneficiaries).
        FullEWOSMainstream
      • 2.8.Scale of the reporting organisation.
        FullAnnual accounts 2011 (Note 3)Key Figures
      • 2.9.Significant changes during the reporting period regarding size, structure, or ownership.
        FullAnnual accounts 2011 (Note 4)Highlights 2011
      • 2.10.Awards received in the reporting period.
        FullHighlights 2011
    • 3. Report Parameters (+)
      • 3.1.Reporting period (e.g., fiscal/calendar year) for information provided.
        Cermaq's reporting period follows the calender year 2011Full
      • 3.2.Date of most recent previous report (if any).
        The previous GRI report is included in Cermaq's Annual Report 2010 published in April 2011.FullAnnual Report 2010
      • 3.3.Reporting cycle (annual, biannual, etc.)
        Cermaq's GRI reporting cycle is annualFull
      • 3.4.Contact point for questions regarding the report or its contents.
        Please contact: Lise Bergan, Director Corporate Affairs. Email: cermaq@cermaq.com Full
      • 3.5.Process for defining report content.
        FullGRI Section 3.5
      • 3.6.Boundary of the report (e.g., countries, divisions, subsidiaries, leased facilities, joint ventures, suppliers)
        FullGRI Section 3.6
      • 3.7.State any specific limitations on the scope or boundary of the report
        We consider the boundary for our sustainability reporting (see 3.6) to be sufficient to comply with the GRI completeness principle.FullGRI Section 3.6
      • 3.8.Basis for reporting on joint ventures, subsidiaries, leased facilities, outsourced operations, and other entities that can significantly affect comparability from period to period and/or between organisations.
        Cermaq has in 2011 reported sustainability information for its subsidiaries, joint ventures, and leased facilities within the core business areas. Minority shareholdings are not included in our reporting.FullOrganisational Chart
      • 3.9.Data measurement techniques and the bases of calculations, including assumptions and techniques underlying estimations applied to the compilation of the Indicators and other information in the report. Explain any decisions not to apply, or to substantially diverge from, the GRI Indicator Protocols.
        FullGRI Section 3.9
      • 3.10.Explanation of the effect of any re-statements of information provided in earlier reports, and the reasons for such re-statement (e.g.,mergers/acquisitions, change of base years/periods, nature of business, measurement methods).
        Adjustments of historical data in the 2010 report due to Cermaq’s divestiture of its fish farming operation in Scotland in 2010 has been maintained. In addition the following indicators have been adjusted for historical data: EN3, EN16, EN28, LA4, LA7, SO8, PR2, PR9, CEQ2, CEQ4 and CEQ9Full
      • 3.11.Significant changes from previous reporting periods in the scope, boundary, or measurement methods applied in the report.
        The most significant change in Cermaq's sustainability reporting for 2011 is that we have included EWOS operations in Vietnam in our reporting. Cermaq has changed its reporting on the following indicators: EN28, SO8, PR2 and PR9Full
      • 3.12.Table identifying the location of the Standard Disclosures in the report.
        The location of standard disclosures is made clear through the links and content in this GRI index.Full
      • 3.13.Policy and current practice with regard to seeking external assurance for the report.
        Cermaq seeks limited external assurance for its 2011 sustainability reporting. The assurance is carried out in adherence to ISAE3000.FullAuditors review in Cermaq Sustainability Report 2011
    • 4. Governance, Commitments and Engagements (+)
      • 4.1. Governance structure of the organisation, including committees under the highest governance body responsible for specific tasks, such as setting strategy or organisational oversight.
        FullCorporate Governance: Corporate assembly and BoD composition and independence
      • 4.2. Indicate whether the Chair of the highest governance body is also an executive officer.
        The Chairman of the Board of Directors is not also an executive officer of Cermaq ASA. Full
      • 4.3.For organisations that have a unitary board structure, state the number of members of the highest governance body that are independent and/or non-executive members.
        FullCorporate Governance: Corporate assembly and BoD composition and independence
      • 4.4.Mechanisms for shareholders and employees to provide recommendations or direction to the highest governance body.
        FullCorporate Governance: General meetings
      • 4.5.Linkage between compensation for members of the highest governance body, senior managers, and executives (including departure arrangements), and the organisation's performance (including social and environmental performance).
        FullCorporate Governance: Remuneration of BoD and Remuneration of the Executive Management
      • 4.6.Processes in place for the highest governance body to ensure conflicts of interest are avoided.
        FullCorporate Governance: Equal treatment of shareholders and transactions with close associatesEthical and corporate responsibility guidelines
      • 4.7.Process for determining the qualifications and expertise of the members of the highest governance body for guiding the organization's strategy on economic, environmental, and social topics.
        FullCorporate Governance: The work of the BoD
      • 4.8.Internally developed statements of mission or values, codes of conduct, and principles relevant to economic, environmental, and social performance and the status of their implementation.
        The following codes and guidelines have been fully implemented and widely distributed throughout the Cermaq group and are available at Cermaq.com.FullCermaq sustainability principlesEthical and corporate responsibility guidelinesWhistle blowing guidelines
      • 4.9. Procedures of the highest governance body for overseeing the organisation's identification and management of economic, environmental, and social performance, including relevant risks and opportunities, and adherence or compliance with internationally agreed standards, codes of conduct, and principles.
        As an output to the internal sustainability reporting cycle (see section 3.9), Cermaq's executive management receive a quarterly sustainability report outlining social and environmental performance for the preceding period and highlighting any emerging issues or concerns. This report is also issued to the Board of Directors on a semi-annual basis. In addition, Cermaq's quarterly risk analysis framework periodically includes an assessment of sustainability risk (see section 1.2) for the attention of the Board of Directors. FullGRI section 3.9GRI section 1.2
      • 4.10. Processes for evaluating the highest governance body's own performance, particularly with respect to economic, environmental, and social performance.
        FullCorporate Governance: The work of the BoD
      • 4.11. Explanation of whether and how the precautionary approach or principle is addressed by the organisation.
        Cermaq follows a precautionary approach to the management of all risk areas (including sustainability) through its routine risk assessment and reporting model. The model allocates responsibility for risk mitigating activities connected with any identified critical or significant risks (see section 1.2). Furthermore, the company’s guidelines for ethical and corporate responsibility explicitly state that "If doubts arise as to whether an activity is permitted or justifiable on the basis of the ethical and corporate responsibility guidelines, the person in question should seek advice from his/her immediate superior”FullGRI section 1.2
      • 4.12. Externally developed economic, environmental, and social charters, principles, or other initiatives to which the organisation subscribes or endorses.
        Cermaq is a member of UN Global Compact and of Transparency International, Norway. Cermaq complies with OECD guidelines for multinational enterprises. All Cermaq business units are working towards certification under International standards for quality management, environmental management, occupational health and safety and food safety management. An overview of the status in presented in the indicator CEQ 13. In addition, Cermaq has itself voluntarily developed a set of internal Sustainability Principles that are widely distributed both internally and externally to the organisation.FullBoard of Directors’ ReportCEQ 13
      • 4.13. Memberships in associations (such as industry associations) and/or national/international advocacy organisations in which the organisation: * Has positions in governance bodies; * Participates in projects or committees; * Provides substantive funding beyond routine membership dues; or * Views membership as strategic.
        Norwegian Seafood Federation (FHL) ; British Columbia Salmon Farmers Association (BCSFA) ; Canadian Aquaculture Industry Alliance (CAIA); International Salmon Farmers Association (IFSA); International Fishmeal and Fish Oil Organisation (IFFO) ; UK: Agricultural Industries Confederation (AIC); European Feed Manufacturers' Federation FEFAC etc.Full
      • 4.14. List of stakeholder groups engaged by the organisation.
        FullOur sustainability approach: Stakeholders
      • 4.15. Basis for identification and selection of stakeholders with whom to engage.
        FullOur sustainability approach: Stakeholders
      • 4.16. Approaches to stakeholder engagement, including frequency of engagement by type and by stakeholder group.
        FullOur sustainability approach: Stakeholders
      • 4.17. Key topics and concerns that have been raised through stakeholder engagement, and how the organisation has responded to those key topics and concerns, including through its reporting.
        More specifically, Cermaq has responded to the following key concerns during 2010: Section 4.17FullSustainability (materiality matrix)
    • 5. Management approach (+)
  • GRI performance indicators ( + )
    • Economic (+)
      • EC1. Direct economic value generated and distributed, including revenues, operating costs, employee compensation, donations and other community investments, retained earnings, and payments to capital providers and governments
        FullLink
      • EC2. Financial implications and other risks and opportunities for the organization's activities due to climate change.
        N/ANot
      • EC3. Coverage of the organization's defined benefit plan obligations.
        FullLinkPension costs and obligations (Note 8)
      • EC4. Significant financial assistance received from government.
        FullLink
      • EC5. Range of ratios of standard entry level wage compared to local minimum wage at significant locations of operation.
        Limited to Mainstream Chile.FullLink
      • EC6. Policy, practices, and proportion of spending on locally-based suppliers at significant locations of operation.
        N/ANot
      • EC7. Procedures for local hiring and proportion of senior management hired from the local community at significant locations of operation.
        FullLink
      • EC8. Development and impact of infrastructure investments and services provided primarily for public benefit through commercial, in-kind, or pro bono engagement.
        N/ANot
      • EC9. Understanding and describing significant indirect economic impacts, including the extent of impacts.
        N/ANot
    • Environmental (+)
      • EN1. Materials used by weight or volume.
        FullLink
      • EN2. Percentage of materials used that are recycled input materials.
        N/ANot
      • EN3. Direct energy consumption by primary energy source.
        FullLink
      • EN4. Indirect energy consumption by primary source.
        FullLink
      • EN5. Energy saved due to conservation and efficiency improvements.
        FullLink
      • EN6. Initiatives to provide energy-efficient or renewable energy based products and services, and reductions in energy requirements as a result of these initiatives.
        N/ANot
      • EN7. Initiatives to reduce indirect energy consumption and reductions achieved.
        N/ANot
      • EN8. Total water withdrawal by source.
        N/ANot
      • EN9. Water sources significantly affected by withdrawal of water.
        N/ANot
      • EN10. Percentage and total volume of water recycled and reused.
        N/ANot
      • EN11. Location and size of land owned, leased, managed in, or adjacent to, protected areas and areas of high biodiversity value outside protected areas.
        N/ANot
      • EN12. Description of significant impacts of activities, products, and services on biodiversity in protected areas and areas of high biodiversity value outside protected areas.
        FullLink
      • EN13. Habitats protected or restored.
        N/ANot
      • EN14. Strategies, current actions, and future plans for managing impacts on biodiversity.
        N/ANot
      • EN15. Number of IUCN Red List species and national conservation list species with habitats in areas affected by operations, by level of extinction risk.
        N/ANot
      • EN16. Total direct and indirect greenhouse gas emissions by weight.
        FullLink
      • EN17. Other relevant indirect greenhouse gas emissions by weight.
        N/ANot
      • EN18. Initiatives to reduce greenhouse gas emissions and reductions achieved.
        N/ANot
      • EN19. Emissions of ozone-depleting substances by weight.
        N/ANot
      • EN20. NOx, SOx, and other significant air emissions by type and weight.
        N/ANot
      • EN21. Total water discharge by quality and destination.
        N/ANot
      • EN22. Total weight of waste by type and disposal method.
        N/ANot
      • EN23. Total number and volume of significant spills.
        N/ANot
      • EN24. Weight of transported, imported, exported, or treated waste deemed hazardous under the terms of the Basel Convention Annex I, II, III, and VIII, and percentage of transported waste shipped internationally.
        N/ANot
      • EN25. Identity, size, protected status, and biodiversity value of water bodies and related habitats significantly affected by the reporting organization's discharges of water and runoff.
        N/ANot
      • EN26. Initiatives to mitigate environmental impacts of products and services, and extent of impact mitigation.
        FullLink
      • EN27. Percentage of products sold and their packaging materials that are reclaimed by category.
        N/ANot
      • EN28. Monetary value of significant fines and total number of non-monetary sanctions for non-compliance with environmental laws and regulations.
        FullLink
      • EN29. Significant environmental impacts of transporting products and other goods and materials used for the organization's operations, and transporting members of the workforce.
        N/ANot
      • EN30. Total environmental protection expenditures and investments by type.
        N/ANot
    • Social: Labor Practices and Decent Work (+)
      • LA1.Total workforce by employment type, employment contract, and region.
        FullLink
      • LA2.Total number and rate of employee turnover by age group, gender, and region.
        N/ANot
      • LA3.Benefits provided to full-time employees that are not provided to temporary or part-time employees, by major operations.
        N/ANot
      • LA4.Percentage of employees covered by collective bargaining agreements.
        FullLink
      • LA5.Minimum notice period(s) regarding significant operational changes, including whether it is specified in collective agreements.
        N/ANot
      • LA6.Percentage of total workforce represented in formal joint management-worker health and safety committees that help monitor and advise on occupational health and safety programs.
        N/ANot
      • LA7.Rates of injury, occupational diseases, lost days, and absenteeism, and number of work-related fatalities by region.
        FullLink
      • LA8.Education, training, counseling, prevention, and risk-control programs in place to assist workforce members, their families, or community members regarding serious diseases.
        N/ANot
      • LA9.Health and safety topics covered in formal agreements with trade unions.
        N/ANot
      • LA10.Average hours of training per year per employee by employee category.
        FullLink
      • LA11.Programs for skills management and lifelong learning that support the continued employability of employees and assist them in managing career endings.
        N/ANot
      • LA12.Percentage of employees receiving regular performance and career development reviews.
        N/ANot
      • LA13.Composition of governance bodies and breakdown of employees per category according to gender, age group, minority group membership, and other indicators of diversity.
        N/ANot
      • LA14.Ratio of basic salary of men to women by employee category.
        N/ANot
    • Social: Human rights (+)
      • HR1.Percentage and total number of significant investment agreements that include human rights clauses or that have undergone human rights screening.
        N/ANot
      • HR2.Percentage of significant suppliers and contractors that have undergone screening on human rights and actions taken.
        N/ANot
      • HR3.Total hours of employee training on policies and procedures concerning aspects of human rights that are relevant to operations, including the percentage of employees trained.
        N/ANot
      • HR4.Total number of incidents of discrimination and actions taken.
        N/A Not
      • HR5.Operations identified in which the right to exercise freedom of association and collective bargaining may be at significant risk, and actions taken to support these rights.
        N/ANot
      • HR6.Operations identified as having significant risk for incidents of child labor, and measures taken to contribute to the elimination of child labor.
        FullLink
      • HR7.Operations identified as having significant risk for incidents of forced or compulsory labor, and measures to contribute to the elimination of forced or compulsory labor.
        N/ANot
      • HR8.Percentage of security personnel trained in the organization's policies or procedures concerning aspects of human rights that are relevant to operations.
        N/ANot
      • HR9.Total number of incidents of violations involving rights of indigenous people and actions taken.
        FullLink
    • Social: Society (+)
      • SO1.Nature, scope, and effectiveness of any programs and practices that assess and manage the impacts of operations on communities, including entering, operating, and exiting.
        N/ANot
      • SO2.Percentage and total number of business units analyzed for risks related to corruption.
        N/ANot
      • SO3.Percentage of employees trained in organization's anti-corruption policies and procedures.
        FullLink
      • SO4.Actions taken in response to incidents of corruption.
        N/ANot
      • SO5.Public policy positions and participation in public policy development and lobbying.
        N/ANot
      • SO6.Total value of financial and in-kind contributions to political parties, politicians, and related institutions by country.
        N/ANot
      • SO7.Total number of legal actions for anti-competitive behavior, anti-trust, and monopoly practices and their outcomes.
        N/ANot
      • SO8.Monetary value of significant fines and total number of non-monetary sanctions for non-compliance with laws and regulations.
        FullLink
    • Social: Product Responsibility (+)
      • PR1.Life cycle stages in which health and safety impacts of products and services are assessed for improvement, and percentage of significant products and services categories subject to such procedures.
        N/ANot
      • PR2.Total number of incidents of non-compliance with regulations and voluntary codes concerning health and safety impacts of products and services during their life cycle, by type of outcomes.
        FullLink
      • PR3.Type of product and service information required by procedures, and percentage of significant products and services subject to such information requirements.
        N/ANot
      • PR4.Total number of incidents of non-compliance with regulations and voluntary codes concerning product and service information and labeling, by type of outcomes.
        N/ANot
      • PR5.Practices related to customer satisfaction, including results of surveys measuring customer satisfaction.
        N/ANot
      • PR6.Programs for adherence to laws, standards, and voluntary codes related to marketing communications, including advertising, promotion, and sponsorship.
        N/ANot
      • PR7.Total number of incidents of non-compliance with regulations and voluntary codes concerning marketing communications, including advertising, promotion, and sponsorship by type of outcomes.
        N/ANot
      • PR8.Total number of substantiated complaints regarding breaches of customer privacy and losses of customer data.
        N/ANot
      • PR9.Monetary value of significant fines for non-compliance with laws and regulations concerning the provision and use of products and services.
        FullLink
  • CEQ indicators ( + )
    • CEQ 01 - Fish Mortality
      Link
    • CEQ 02 - Sea Lice
      Link
    • CEQ 03 - Fallow Time
      Link
    • CEQ 04 - Medicine Use
      Link
    • CEQ 05 - Vaccination Program
      Link
    • CEQ 06 - Area Management Agreements
      Link
    • CEQ 07 - Escapes
      Link
    • CEQ 08 - Marine Index and Nutrient Ratios
      Link
    • CEQ 09 - Functional Feeds
      Link
    • CEQ 10 - Supply Chain Auditing
      Link
    • CEQ 11 - Local Community Complaints
      Link
    • CEQ 12 - Whistle Blower Incidents
      Link
    • CEQ 13 - International Management Standards
      Link

ANNUAL REPORT

+SUSTAINABILITY REPORT

=CERMAQ INTEGRATED
REPORT 2011

Cermaq creates value for its shareholders through engaging in sustainable aquaculture. We recognise that the key to achieving improved business performance is to demonstrate our respect for each other, the consumer, and the communities and environment in which we operate. Navigate among the financial or sustainability key figures.

 

Graf

Due to well-run operations, successful product launches and good biological performance, Cermaq experienced one of its best years ever with a total operating profit of NOK 1 369 million.

The board’s annual report for 2011

BoD report 2011

Cermaq saw its highest ever operating profit in 2011 at NOK 1 369 million. EWOS improved its operating profit. The price of salmon fell sharply in the second half of 2011, but Mainstream still generated a solid profit for the year, good biological results in all regions, and a very good performance by Mainstream Chile. The board proposes to pay a dividend of NOK 4.63 per share.

Board of Directors

Sustainability and Reporting Profile

Our ambition is to continue reporting on the most important indicators.

Management Approach

The way we manage environmental, social and economic aspects of our business.

GRI-Navigator

Use the GRI Navigator to navigate through the complete GRI report. Here you can also find Cermaq's customized indicators and information tagged according to UN Global Compact's principles.

UN Global Compact

This report is tagged according to Global Compact's ten Principles. Our hope is the symbols will guide and assist the reader finding the most relevant information.

Anticorruption Community Engagement Environmental impact Fish health Human rights Labour standards