GSI

Bakkafrost is a proud member of the Global Salmon Initiative (GSI)

GSI objectives
i. Bring together global farmed salmon producers and other industry stakeholders to strive towards significantly improving the sustainability of salmon farming

ii. Cooperation to continue to outperform other sources of animal protein in terms of contribution to human health, environmental responsibility and efficient feed conversion rate, and to be widely recognized for this accomplishment

iii. Achieve the highest standards of corporate citizenship in the regions where members operate

iv. Translate environmental and social sustainability into greater economic sustainability through enhanced social license and market acceptance.

GSI sustainability focus areas
GSI is focused on the three pillars of sustainability: reducing environmental impact, increasing social contribution and maintaining economic growth.

GSI approach to establishing progress and sustainability for the salmon farming industry
Through global collaboration and research, pooling of resources and sharing of knowledge, GSI will aim to make significant improvements across the industry in terms of environmental impact, social responsibility, and economic growth. GSI unites approximately 70% of farmed salmon producers globally and through combined effort and full transparency seeks to make significant improvements on industry sustainability. This initiative is about significant improvement in sustainability. It is not about satisfaction with the status quo. Transparent reporting will drive accountability for results.

Current GSI projects
GSI is committed to making significant improvements in industry sustainability. In order to be successful member companies understand that real action is required. Currently, GSI is focusing on three areas of interest; biosecurity, feed sourcing and meeting industry standards.

GSI has chosen to focus attention on these three areas where we will strive to make significant improvements and progress through combined efforts and by working with partners and institutions such as Aquaculture Stewardship Council (ASC), the World Wildlife Fund (WWF) and Food and Agriculture Organization (FAO) of the United Nations.

GSI has already begun working on a number of projects within these focus areas:

Biosecurity: GSI has highlighted the issue of sea lice as a major risk to the sustainability of the industry. Through sharing of best practices and knowledge, GSI hopes to have a substantial impact on decreasing lice levels

Feed: In partnership with FAO, GSI is exploring initiatives to support the expansion of sustainable aquaculture, including obtaining sustainable sources of feed, and improving the global understanding of sustainable aquaculture through a process knowledge dissemination and transfer.

Standards: GSI recognizes the importance of transparency, and understands that our progress in achieving our goals requires evaluation. As GSI, we support each other in reaching the highest possible standards. The ASC standard for salmon aquaculture provides a framework to guide and report on the progress GSI is making, and the group is adopting the ASC framework as its primary reference point for its work and progress.

GSI project selection process
GSI will re-evaluate the status of the industry and their current projects at each of our bi-annual meetings and will decide on a project by project basis which initiatives to assign resources to.

GSI will seek the advice of stakeholders and aim to focus our attention on issues affecting the whole of the industry. GSI are committed to projects where we can make significant improvements and improve the sustainability of the industry.

Measuring progress
GSI recognizes the importance of transparency and understands that progress in achieving sustainability goals requires evaluation. GSI is working with the ASC standard as a framework to help guide and report on the progress GSI is making. As part of this process, GSI will also work closely with the WWF. The industry has already made progress towards greater sustainability, and has met the requirements of other demanding standards. While the ASC standards are very tough to achieve, GSI will use the ASC as a reference point for further sustainable progress.

Using ASC as a framework, GSI will ensure greater transparency through regular reporting on the following sustainability indicators:

i. Feed and raw materials
ii. Number of escapes per year
iii. Nutrient loading and carrying capacity
iv. Local environmental impact
v. Disease and parasite transfer
vi. Chemical inputs
vii. Social impacts (i.e. labor and community impacts).

Timeline for success
GSI is working towards continuous industry improvements, with the aim of implementing significant change as soon as appropriate. Working with existing sustainability initiatives GSI is focused on significant industry improvements and understands this will only come with the support of existing initiatives and stakeholders in order to maximize forward progress.

Working with national/regional associations/industry bodies? GSI has been working with national associations/industry bodies from the outset of the initiative and will continue to do so. We see collaboration with the national associations as crucial to the success of improving the sustainability of the industry as a whole.

Partnerships
GSI fully realizes that success will only come through cooperation and involvement with other stakeholders in every stage of the decision-making and planning process. Currently, GSI is in various stages of conversations and project initiatives with groups such as FAO, ASC and WWF.

GSI funding structure
Each member of GSI contributes to financing the initiative.

Corporate affiliations
GSI is an independent initiative which consults with global stakeholders who provide an advisory role towards GSI projects.

Further information
Further information may be received by contacting the GSI secretariat, AXON, at or by visiting www.globalsalmoninitative.org