Mowi
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Mowi is a Norwegian seafood company that operates in the Finfish Farm & Fish Hatcheries sector. The company is one of the largest producers of Atlantic salmon in the world, with operations in Norway, Scotland, Canada, Chile, Ireland, and the Faroe Islands. Mowi is committed to sustainable aquaculture practices and has a strong focus on decarbonisation and renewable energy.
Decarbonisation is a key priority for Mowi, and the company has set ambitious targets to reduce its carbon footprint. In 2019, Mowi announced its plan to achieve carbon neutrality by 2050. To achieve this goal, the company is investing in a range of initiatives to reduce its greenhouse gas emissions. These include improving energy efficiency in its operations, reducing waste, and using renewable energy sources.
Corporate energy is another area of focus for Mowi. The company is committed to reducing its reliance on fossil fuels and transitioning to renewable energy sources. In 2019, Mowi signed a contract with Norwegian energy company, Statkraft, to supply renewable energy to its operations in Norway. Under the agreement, Mowi will purchase 100 GWh of renewable energy per year, which is equivalent to the annual electricity consumption of around 5,000 Norwegian households.
Corporate power purchase agreements (PPAs) are another tool that Mowi is using to transition to renewable energy. PPAs allow companies to purchase renewable energy directly from a generator, rather than through the grid. In 2020, Mowi signed a PPA with Scottish wind farm, Moy, to purchase 45 GWh of renewable energy per year. The agreement will help Mowi to reduce its carbon footprint and support the development of new renewable energy projects.
Renewable energy is a key focus for Mowi, and the company is investing in a range of initiatives to support the transition to a low-carbon economy. In addition to its corporate energy and PPA initiatives, Mowi is also investing in renewable energy projects. In 2020, the company announced plans to build a floating wind farm off the coast of Norway. The wind farm will have a capacity of up to 200 MW and will supply renewable energy to Mowi's operations in Norway.
Mowi is also investing in sustainable aquaculture practices to reduce its environmental impact. The company has a strong focus on fish welfare and uses innovative technologies to improve the health and wellbeing of its fish. Mowi's fish are raised in open-net pens, which allow for natural water flow and provide a healthy environment for the fish to grow. The company also uses advanced feeding systems to reduce waste and improve the efficiency of its operations.
In addition to its focus on sustainability, Mowi is also committed to social responsibility. The company has a strong focus on employee safety and wellbeing and has implemented a range of initiatives to support its workforce. These include training and development programs, health and safety initiatives, and employee engagement programs.
Mowi is a leader in the Finfish Farm & Fish Hatcheries sector and is committed to sustainable aquaculture practices. The company's focus on decarbonisation, corporate energy, corporate PPA, and renewable energy is helping to drive the transition to a low-carbon economy. With its strong focus on sustainability and social responsibility, Mowi is well-positioned to continue its growth and success in the years ahead.