Skretting Norway placed in top category of PwC’s Climate Index

In addition to transparent reporting, Skretting Norway was able to document reductions in absolute emissions which appear to be permanent.

December 6, 2022

The PwC Climate Index (West) is an annual audit of how the 50 largest companies in western Norway conduct their sustainability initiatives and environmental reporting. For 2022, only three out of 50 companies were placed in the top category, and Skretting Norway is one of them. PwC based its evaluations on publicly available information from each company’s website, and Skretting Norway was judged based on its fish feed footprint report for 2021.

“Skretting’s environmental impact on the value chain for the last three years was clearly presented and easy to understand. At the same time, they have impressive results to show for the work they’ve done in reducing emissions in line with the Paris Agreement,” said John Wikström, leader for strategy and sustainability in PwC Bergen.

Skretting Norway was included in the top category of the PwC Climate Index (West) because its report met the following requirements:

  • Open, solid reporting of the company's greenhouse gas emissions at least three years back in time.
  • Clear specifications on which sources of emissions are included in the calculations.
  • Reporting that includes all significant emissions in Scope 1, 2 and 3.
  • Able to demonstrate reductions in carbon intensity and/or absolute emissions.
  • The average reduction in emissions over the past three years is in line with the requirements and expectations of the Paris Agreement (>7% according to the EU's Low Carbon Benchmark Regulation).
  • Emission reductions appear to be permanent and not temporary.

“The fact that Skretting is recognized in PwC’s Climate Index demonstrates that we report our environmental impact in an accessible manner. We have worked hard to measure and reduce our greenhouse gas (GHG) emissions, not just from our own production but also with our suppliers. There is a lot to be gained from collaborating with others in the industry instead of trying to work alone,” said Leif Kjetil Skjæveland, Skretting Norway’s manager of sustainability and public affairs. “From 2018 to 2021, we’ve reduced the absolute CO2e emissions for the fish feed we manufacture by 24%. But if we were to measure up to the third quarter of 2022, the absolute reduction is around 35%.”