Saving Seafood

2025 global salmon growth forecasts overestimated, new paper argues

December 17, 2019 — Global salmon growth forecasts to 2025 could be overestimated by 6 to 8 percent, according to a new briefing paper from financial think tank Planet Tracker. The culprit is global warming, the paper argues.

In “Salmon Feels the Heat,” researchers analysed reported fish losses attributed to recurring environmental shocks over the past nine years, as reported by the 10 largest publicly listed salmon producers in Norway, Chile, and the United Kingdom. They found that the aggregated production and earnings losses relative to forecast production reached 5 percent for the period between 2010 to 2019.

Read the full story at Seafood Source

Bakkafrost joins Ocean Disclosure Project

April 1, 2019 — The following was released by the Sustainable Fisheries Partnership:

Sustainable Fisheries Partnership (SFP) is pleased to announce that Faroese salmon farming company Bakkafrost has become a participant in the Ocean Disclosure Project (ODP).

Bakkafrost has published a seafood sourcing disclosure to coincide with the publication of its latest Healthy Living Sustainability Report. The disclosure contains a list of the main wild-catch fisheries from which Bakkafrost sources marine ingredients for use in its fish feed, which is produced in-house for its salmon farming operations. The source list is published alongside information on fishery management, catch method, and environmental impact.

“Good access to local marine sources has enabled us to maintain a high nutritional content in our feed. Ensuring these sources are sustainable is a priority for us. We are very pleased to be increasing transparency about our sourcing through the Ocean Disclosure Project,” said Odd Eliasen, Managing Director of Havsbrún, the Bakkafrost subsidiary that produces the fish feed.

SFP started the ODP in 2015 to provide a valuable information resource for responsible investors, seafood consumers, and others interested in sustainable seafood. To date, 18 other companies in North America and Europe have participated. Other ODP participants include fish feed manufacturers Biomar Norway, Cargill/EWOS, and Skretting Norway.

“We are pleased to welcome Bakkafrost to the Ocean Disclosure Project,” said Tania Woodcock, ODP Project Manager. “Thanks to its fully vertically integrated value chain, Bakkafrost has full control over production and is able to trace its use of marine ingredients from North Atlantic fisheries to feed to the final salmon product. This enables them to be completely transparent about their sourcing.”

Bakkafrost’s full profile can be viewed at: https://oceandisclosureproject.org/companies/bakkafrost

Bakkafrost’s latest sustainability report can be viewed at: https://www.bakkafrost.com/media/2012/2018-sustainability-report.pdf