Alda Seafood publishes its fourth Sustainability Report

Baldvin Thorsteinsson, the Chairman of the Supervisory Board of Alda Seafood, addresses the changes in the regulatory environment for sustainability in his letter in the report.

“The EU Commission has proposed changes to the EU legal framework on sustainability and sustainability reporting, which were unveiled in February 2025. These include changes to the ESRS and the CSRD. The most significant change is that the number of undertakings in the EU subject to mandatory reporting requirements is significantly reduced by limiting this to companies with 1,000 employees or more on a group level. Our group does not meet the threshold, which means Alda Seafood is not obliged to report according to the CSRD and the ESRS. Still, we aim to continue to provide our stakeholders with detailed information about our impacts through the publication of sustainability reports, as we have done since 2022,” writes Thorsteinsson

The report provides a breakdown of Alda Seafood’s energy consumption and mix. The share of fossil sources in total energy consumption in 2024 exceeds 99%. Alda Seafood’s heavy reliance on fossil fuels is driven primarily by its fleet of fishing vessels powered by crude oil and petroleum products.

The report also includes a specific chapter on GHG emissions. The largest share of the group’s emissions is in the form of Scope 1 GHG emissions, covering more than 96% of the total. Almost all Scope 1 emissions originate from fuel usage on fishing vessels.

Given the nature of fisheries, where fishing grounds, fish stock patterns, and allocated quotas fluctuate, setting fixed annual numerical targets for GHG emissions is challenging, and Alda Seafood has not set targets for annual reductions. Still, as stated in the report, the company strives to lower its emissions and expects the most significant milestones in emissions reduction to be through the introduction of new technologies, equipment, and fuel types.

Alda Seafood’s Environmental Policy emphasises total utilisation of raw materials and recycling as key pillars of its approach to waste management. Even though Alda Seafood emphasises the full utilisation of raw materials, some biomass waste will always result from the catching and processing of wild species. Waste generated from own operations increased between 2024 and 2023, while the volume of non-recycled waste decreased to 9% of the total waste volume, down from 23% in the previous year.

The report can be accessed via the link below.