CEO Roger Hofseth on ESG

– As the CEO of Hofseth BioCare, I believe responsibility and sustainability should be integrated in our business model and when making strategic decisions.

AFH2436 Tony Hall

– For us, sustainability and efficient use of marine resources are at the heart of everything we do and will contribute to making Hofseth BioCare a prof­itable company. We will also be open and transparent about the potential risks and negative aspects of our business op­erations and take the necessary steps to reduce such risks and impacts.

There is a growing demand for proteins in the world and providing sustainable high­ quality products to the market is the main goal for Hofseth BioCare. Through innovative production technology and logistics, we preserve the quality of protein, calcium and oil extracted from fish.

Products that previously were considered waste or could only be used for animal feed can now be made suitable for human nutrition and nutraceuticals. We are thus contributing to efficient use of marine resources by upcycling what others consider waste into high ­quality products.

At the same time, Hofseth BioCare has an economic, social and environmental impact on our surroundings and stake­holders. Some of these impacts are positive contributions to the economy and the societies in which we operate, others are potentially negative consequences of our operations and business relations such as waste and emissions, health and safety risks and the risk of corruption.

This impact comes with great responsibility and requires that we are in ongoing dialogue with our stakeholders and constantly strive to deliver quality products while at the same time fulfilling our commitments to business ethics and responsible operations.

For Hofseth BioCare, sustainability is about both the products we make and the raw materials we use, and the way we run our business operations. We strive to make sus­tainable products in a sustainable way, while ensuring profits for our shareholders.

Roger Hofseth2
For Hofseth BioCare, sustainability is about both the products we make and the raw materials we use, and the way we run our business operations. We strive to make sus­tainable products in a sustainable way, while ensuring profits for our shareholders. Roger Hofseth CEO of Hofseth BioCare

We also see an increased focus in society on sustainable business operations and investors and analysts increasingly ask for ESG information when assessing our company. Cus tomers and vendors also ask about the sustainability of our products and production processes, and our employees wish to work for a responsible employer.

The identified material topics which you can read about the ESG-report are:

  • Responsible business operations, including value creation, quality, job creation and anti­corruption.
  • Environmental and climate impact, including waste and pollution prevention, energy use and transportation.
  • Working environment: Worker’s rights, HSE and diversity and non­discrimination.

This year we report on core KPI’s for each topic, and we have set goals for how to improve our work in the year to come. Going forward, we will work to strengthen our governance re­garding systematic work on business ethics and working en­vironment. We will also look into improving management­-em­ployee dialogue and ensuring the appropriate channels for reporting concerns are put in place.

We look forward to sharing our goals and progress in our an­nual sustainability reports, and hope that this report will pro­vide our stakeholders with the information they need about how Hofseth BioCare works to deliver high­ quality products based on a sustainably sourced raw­ material, processed and distributed in an efficient and sustainable manner.

Roger Hofseth
CEO of Hofseth BioCare