Green Bond Impact Report 2020
As the first seafood company to issue a green bond, we are proud to present Mowi’s Green Bond Impact Report for the year 2020, detailing the environmental impact of EUR 200 million of green bond proceeds. Proceeds have been allocated and their impact measured based on the criteria set out in our Green Bond Framework, published in January 2020. Mowi’s Green Bond Framework was reviewed by CICERO Shades of Green and received a Medium Green Shading together with the highest governance rating.
With the allocation of our green bond proceeds, we support the Paris Agreement and progress towards UN Sustainable Development Goals #6 on clean water and sanitation, #13 on climate action and #14 on life below water in particular. Proceeds from Mowi’s inaugural green bond have been allocated to producing sustainable fish feed using only certified deforestation-free soy, essential for reducing the carbon footprint of salmon, and to investing in freshwater facilities employing recirculating aquaculture systems (RAS) that drastically reduce dependency on external freshwater resources and can reduce time in sea.