Iceland Seafood Q1 2023 Investor Presentation slide image

Iceland Seafood Q1 2023 Investor Presentation

ICELAND ISI SEAFOOD Q1 2023 Presentation to Investors and Analysts ESG matters play a more significant role as we advance. Recycling waste is a key project for Iceland Seafood 12 RESPONSIBLE CONSUMPTION AND PRODUCTION 13 CLIMATE ACTION CO لام Recycled Waste Today 19%/69% 2026 60%/90% Today our recycling rate is 19% overall and 69% if we exclude the organic waste from Achernar. Our target for 2026 is that overall recycling rate will reach 60% and 90% if we exclude the organic waste from Achernar. Quantitative targets have been set for Key Performance Indicators (KPIs) - Published in the 2022 ESG report. One contributor to reaching our waste target for 2026 is our Waste Treatment Plant in Argentina. Achernar generates over 70% of our total waste - mostly organic waste. The treatment plant is designed with the circular economy in mind, aiming at upcycling waste for different value-added production processes. The solid waste, e.g., shrimps' heads and shells of shrimps, can be processed into shrimp flour and oil for animal feed. Ongoing project with YPF AGRO and Universidad Politécnica Nacional regarding developing fertilizer from the sludge. The liquid waste goes through specific filtration steps ending in a lagoon where the water can be reclaimed for various industrial processes. 8
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