Cermaq joins UN Global Compact
Cermaq formally joined the UN Global Compact (GC) by sending a letter of commitment to the Secretary General of the UN. However, adhering to the principles of Global Compact is not new; these principles are basic and already integrated in Cermaq’s operations, the company said. The ten principles of Global Compacts cover the four areas; Human Rights, Labour, Environment, and Anti-Corruption.
"Formally joining Global Compact does not change our way of operating, we are already adhering to these universal principles. We believe that when entering new markets like Vietnam it is useful to demonstrate our recognition of the UN initiative", said CEO of Cermaq Geir Isaksen.
In December 2010, Cermaq entered feed production in Vietnam by obtained 51 percent of the shares in a joint venture company with the local partner, Anova Corporation. By this agreement the feed division, EWOS, entered the feed market for farmed Pangasius.