High Liner Foods Acquisition and Financial History
ESG at High Liner Foods
High Liner Foods began our responsible sourcing journey over a decade ago and has made steady gains since that time, working toward a goal of delivering
products that are 100% responsibly sourced. In 2021, High Liner Foods took its next step in the ESG journey and completed a comprehensive engagement
program to better understand the environmental, social and governance needs and priorities of its stakeholders and how stakeholder needs intersect with the
Company's refreshed purpose of Reimagining Seafood to Nourish Life.
In conversation with our stakeholders, and supported by supplemental survey data, we heard loudly and clearly that the issues High Liner Foods' stakeholders
care most about are high standards of responsible sourcing where we have a long legacy of leadership, environmental stewardship and corporate governance.
These priorities align well with existing programs at High Liner Foods.
Responsible sourcing
Sustainable seafood continues to be among the highest priorities for High Liner Foods as we look to feed a growing world population now and in the
future.
We have a long legacy of leadership in the responsible sourcing, transparency and traceability of our seafood
In 2022, 96% of seafood was responsible sourced (2021: 98%)
Committed to sourcing all our seafood from "certified sustainable or responsible" fisheries and aquaculture
Recognized as a global leader in driving best practice improvements in wild fisheries and aquaculture
Environmental stewardship
In 2022, the Company continues to advance its food waste reduction efforts as it works toward its goal of 50% less food waste by 2030 (compared to
2018).
The urgency with which the world needs to address climate change requires more action, as a result the Company has committed to a '30 by 30' goal -
which means that we are driving to reduce Scope 1 and Scope 2 greenhouse gas emissions by 30% versus the 2021 baseline.
Corporate governance
Three committees of the Board provide oversight to ensure management is implementing the Company's ESG framework responsibly, environmental
practices are rigorously monitored for both compliance and effectiveness, and the health and safety of employees is protected and prioritized.
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