The world’s population is growing exponentially: by 2050 we will gain another 2 billion people. It will take all types of protein to feed that many human beings. Seafood is already playing a critical role in that equation. It’s complex: market dynamics, geopolitical uncertainty and a changing climate are making the global aquaculture sector ever more nuanced. So, Cargill is stepping forward and helping our customers navigate these challenging waters.
This is our 15th year in reporting our continued progress in making a positive impact from the center of the aquaculture value chain and building on our transparency on fundamental sustainability topics.
Key highlights from the 2023 report include:
- We are working with salmon farmers and suppliers to lower greenhouse gas emissions in the value chain, aiming to cut carbon emissions from our customers’ farmed salmon by at least 30% by 2030.
- In 2023, we greatly expanded regenerative agricultural practices, capturing over 15,000 tonnes of CO2 equivalents, a significant increase from the 1,000 tonnes captured the previous year.
- To further our commitment to sustainable marine ingredients, we supported the launch of the Fisheries Improvement Fund by Finance Earth and WWF. This initiative will help us establish and fund more fishery improvement projects (FIPs) toward our goal of sourcing marine ingredients sustainably.
- Currently, 84% of our marine ingredients across the group are sourced from certified supply chains or FIPs.
- We continue to diversify our raw material sources and enhance sustainable feed production by increasing our use of alternative ingredients such as insect meal and algae oil. Additionally, we're developing improved feed packaging solutions to reduce plastic waste.
- Underwater feeding systems improve efficiency but can lead to nutrient loss. Our FLOW technology reduces nutrient loss by coating feed pellets, cutting nutrient leakage into water by 50%.