Taskforce on Nature-related Financial Disclosures (TNFD) will develop a risk management and financial disclosure framework on nature-related risks. Alongside global financial institutions and businesses, Grieg Seafood will take part in the initiative as a Taskforce Member.
The aim of TNFD is to support a shift in global financial flows away from nature-negative outcomes and towards nature-positive outcomes.
33 senior executives from financial institutions, corporates, and service providers have so far been appointed as Taskforce Members to drive work on the TNFD framework. More than 100 institutions have also signed up to provide support to the Taskforce by joining the TNFD Forum, a consultative grouping of institutional supporters, making available their global, cross-sector expertise when required.
The finalized framework is earmarked for release in late 2023.
Andreas Kvame, CEO of Grieg Seafood, said:
“As sea farmers, healthy oceans are at the heart of our operations. As such, understanding and addressing nature-related risks is important for us. Responsible aquaculture has the potential to reduce the ecological footprint caused by global food production, but we may also be the cause of impacts if we do not get it right.
Grieg Seafood recognizes these challenges and we work continuously to reduce our footprint and improve animal welfare throughout our business. We look forward to working with global financial institutions and corporations to develop a framework that will help ocean businesses like us mitigate risks and grasp opportunities in this area.”
The company is rated second place for the second year in a row by the Coller FAIRR Protein Producer Index. Seven out of the ten top performers are salmon farming companies.
The consortium aims to reduce the environmental impact and improve fish welfare through innovations within offshore and closed technologies, biology, fish feed, electrification, digitalization, and logistics.