PROTECTING THE ENVIRONMENT

As the effects of climate change become more frequent, more severe and more challenging for communities and businesses, High Liner Foods is committed to helping the world mitigate the most severe effects by managing our greenhouse gas emissions. We also recognize that the effects of climate change, like adverse weather conditions and natural disasters, could impact the quality of various seafood species and other non-seafood products and our ability to procure and sell them.

GHG Emissions

Calculating our emissions

In 2021, we began creating a GHG Inventory Management Plan (IMP) aligned with the Greenhouse Gas Protocol Corporate Standard. We leveraged the IMP to complete our first GHG inventory for Scope 1 direct emissions and Scope 2 indirect emissions from our North American operations in 2022. We also worked with external GHG accounting experts to assess the assurance-readiness of our IMP. That assessment, in conjunction with our Internal Audit team, helped create key controls and an audit program to provide future assurance regarding the completeness and accuracy of our GHG disclosures.

2022 Summary of GHG Emissions Reduction Achievements

  • GHG inventory management plan for Scope 1 and Scope 2 emissions completed
  • Kicked off a feasibility study for 16 emissions reduction projects identified by Siemens
  • Established reduction targets for Scope 1 and Scope 2 emissions with a 2021 baseline year

Waste Reduction

Food waste reduction

Reducing food waste is an essential component of global food security and sustainability. One-third of all food products are wasted before consumption, resulting in almost $1T in economic losses and between 6% and 8% of global GHG emissions.

We embarked on a refreshed journey to eliminate food waste in 2019 when we joined Kroger in the 10x20x30 program, which sets a target for at least 10 of the world’s largest food retailers to engage at least 20 of their suppliers to halve food loss and waste by 2030. We committed to reducing food loss and waste in our operations by 50% by measuring and publishing our food loss and waste inventories and taking action to reduce our waste.1

In 2022, our food waste was 23% less than in 2018 (down 15% vs. 2021). We believe we can achieve our 2030 food waste goal through continuous improvement, capital investment and a team-driven approach to finding solutions.

15%
Food loss waste reduced 15% versus 2021
11%
GHG Emissions Intensity reduced 11% versus 2021

1 Food waste is defined as any food/inedible parts sent to landfill or other waste facilities – goal is a reduction in food waste as a percentage of production pounds.