- Introduction of resource tax negatively impacted activity level for Land Based and parts of Sea Based business.
- Market for post smolt in Norway remained challenging and uncertain.
- High cost base in Land Based compared to current activity level.
- Low profitability on parts of the project portfolio in Land Based.
- High investments in Digital impacting profitability.
- Climate change affecting production, transport, and supply chains.
- Political risks in Chile and Canada regarding fish farming licenses.
- Uncertainty in Norway regarding the newly implemented resource tax.
AKVA group ASA
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, AKVA group ASA disclosed greenhouse gas emissions of 2.2K tCO2e/year (Scope 1 and 2 location-based). By scope: Scope 1: 1.7K tCO2e/year; Scope 2: 469 tCO2e/year; Scope 3: 34.4K tCO2e/year (limited to plastic and steel purchases and waste). Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
2.2K tCO2e/year (Scope 1 and 2 location-based)
2023
Renewable Energy
70%
of total energy
Waste
2.2K tCO2e/year (from net washing)
2023
Energy Use
27.3K MWh/year
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 1.7K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 469 tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 34.4K tCO2e/year (limited to plastic and steel purchases and waste) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Developed the world’s first recycled pen based on discarded pens from fish farming
- Established an innovation project with the aim of developing circular farming nets using recycled nylon and ropes from discarded nets from fish farmers
- Commercialized the deep farming solution Nautilus for lower lice pressure and better fish health
- Further developed waterborne feeding systems with effective energy systems for new and existing feed barges
- Reduced copper oxide use by 79% in the last four years.
- Recycled 1,424 tons of nets, regenerating 854 tons of nylon filaments for reuse in 2023.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Establish a complete Scope 3 GHG accounting during 2024.
📅 Medium-term
- Reduce GHG emissions by 35% by 2030.
- Achieve a revenue of minimum BNOK 3.6 in 2024 and an EBIT margin of 4-5%.
🌱 ESG Focus Areas
Climate and environmentInnovationPeopleSocietyBusiness ethics