Arctic: Austevoll Seafood - Strong Chilean development

Research evidence excerpt

Arctic: Austevoll Seafood - Strong Chilean development

ESG Considerations Key ESG risks

Sustainability at Austevoll Key risks How Austevoll is positioned

• The company continuously works through the portfolio companies on strengthening

Value chain environmental

sustainable fisheries, responsible farming and restricting their impact on the marine eco-

 Austevoll, as an active owner, has implemented compliance impact system-

reporting to closely monitor and follow up the portfolio companies

within the areas of environmental and social factors • Austevoll is committed to the Ten Principles of the United Nations Global Compact in the

Ecosystem

areas of human rights, labour, environment and anti-corruption

 During 2023 several of the portfolio companies, and the holding

company strengthened their team within the area of environmental,

social and governance by hiring new and skilled personnel • Austevoll is encouraging its subsidiaries to follow best practice for work on climate and energy GHG emissions

related matters.

 Austevoll, as a holding company, has a relatively limited footprint,

and the greatest opportunity to produce positive effects and reduce

negative impact is through the portfolio companies.

 In 2021, the Group’s largest portfolio company, LSG, set and

adopted science-based climate targets (SBTs) for its operations. The

remaining portfolio companies initiated TCFD reporting in 2022

 The CSRD regulatory framework was implemented from 1st of

January 2024 ESG performance data

ESG metric Unit 2020 2021 2022 2023 2024 Target

GHG emissions scope 1 tCO2e n/a 261,652 267,237 248,186 265,331 n/a

GHG emissions scope 2 tCO2e n/a 21,700 19,725 18,023 18,429 n/a

GHG emissions scope 3 tCO2e n/a n/a n/a n/a n/a n/a