Skretting Norway named PwC climate winner for third consecutive year

NORWAY – PwC, the second-largest professional services network in the world and one of the Big Four accounting firms, has recognised Skretting Norway as a climate winner for the third consecutive year, bestowing a spot in the prestigious Climate Index 2024. 

Skretting is Nutreco’s aquaculture business and the world’s largest feed producer for farmed fish. 

This recognition by PwC underscores the company’s ongoing commitment to sustainability and reducing its environmental impact. 

The Climate Index, prepared annually by PwC, assesses the climate performance and reporting of Norway’s largest companies, with Skretting again among the top performers.

This year, 18 of Norway’s 100 largest companies met PwC’s stringent criteria, doubling the number from the previous year.

Skretting’s Head of Sustainability, Leif Kjetil Skjæveland, expressed pride in maintaining the company’s position as a leader in climate action. 

“We are pleased to maintain our position as a climate winner in Norway,” said Skjæveland. “But we are also happy to see that more large companies outside the seafood industry are meeting the requirements of the Climate Index, though our ultimate goal is for all 100 companies to become climate winners.”

Skretting’s consistent performance in reducing emissions stems from its concerted efforts across its supply chain, particularly in raw material sourcing. 

The company has nearly halved its climate footprint compared to its base year of 2018, achieving an impressive 48% reduction in emissions. 

Much of this success is attributed to raw material production, where Skretting has forged long-term partnerships with suppliers to lower its environmental impact further.

Despite increasing production by 2.2% last year, Skretting reduced its total emissions by 3.9%. 

Skjæveland noted that the company’s growth has made meeting the Paris Agreement’s commitments even more challenging, but he emphasised that Skretting remains dedicated to surpassing its climate goals year after year.

This year, Skretting also significantly shifted to green energy, deciding that all electricity used in its factories would come from renewable sources. 

While this transition brings added costs, Skjæveland reaffirmed the company’s climate commitments to both its customers and the environment. 

“Green energy is still more expensive, but it’s a cost we are willing to bear for the sake of our climate responsibilities,” he stated.

In addition to these efforts, Skjæveland has been appointed to a national steering group to ensure that all feed for farmed fish and livestock is sourced sustainably by 2034. 

He also represents Skretting in the “Blue-Green Feed Forum,” which unites the feed industries from the agricultural and aquaculture sectors in a shared mission toward sustainability.

This year’s other climate winners include Atea, Europris, Storebrand, Yara, and Norsk Hydro, among others, as more of Norway’s largest companies step up to meet the growing demands of climate responsibility.

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