Cermaq group as Review

About Cermaq group as

Cermaq Group AS: A Global Leader in Sustainable Salmon Farming

Cermaq Group AS is a Norwegian-based company that has established itself as a global leader in sustainable salmon farming. With operations in Chile, Canada, and Norway, Cermaq is committed to producing high-quality salmon while minimizing its environmental impact.

Founded in 1985, Cermaq has grown to become one of the largest producers of Atlantic salmon in the world. The company's success can be attributed to its focus on sustainability and innovation. Cermaq was one of the first companies to adopt closed containment systems for salmon farming, which reduces the risk of disease and pollution.

Cermaq's commitment to sustainability extends beyond its farming practices. The company is also dedicated to reducing its carbon footprint and promoting biodiversity. In 2019, Cermaq became the first aquaculture company to join the Science Based Targets initiative, which aims to reduce greenhouse gas emissions.

One of Cermaq's core values is transparency. The company believes that consumers have a right to know where their food comes from and how it was produced. To this end, Cermaq provides detailed information about its farming practices on its website.

In addition to being environmentally responsible, Cermaq also prioritizes animal welfare. The company adheres to strict standards for fish health and welfare throughout all stages of production.

Cermaq's commitment to sustainability has earned it numerous accolades over the years. In 2020, the company was named one of Canada's Greenest Employers by Mediacorp Canada Inc., recognizing its efforts towards environmental stewardship.

Despite challenges posed by COVID-19 pandemic restrictions on travel and logistics worldwide during 2020-21 period ,the Company managed well with strong financial performance .The Company reported Q1-2021 revenues at NOK 4 billion ($480 million), up from NOK 3 billion ($360 million) YoY.The increase was driven by higher sales volumes due mainly due increased harvest volumes from Chile operations .

In conclusion,Cermaqs' dedication towards sustainable practices ,innovation ,transparency & animal welfare makes it stand out among other players in Salmon industry .With strong financial performance even during challenging times like Covid pandemic ,it continues leading way forward for others .