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Atlantic Sapphire As
4/21/2022
Good morning and good afternoon, everyone, and welcome to the Investor Call, in conjunction with the release of Atlantic Staffers 2021 ESG and Annual Report. My name is Johan Andreaten, and with me today to present is Karl-Erik. As we are reporting monthly on the operational development in the company, we will keep this presentation short, and it focuses wholly on the annual and ESG reports. The next monthly update will be in the beginning of May. The report is in mind you have a great deal of work that our team has spent months on preparing, and I encourage everyone that loves Authentic Summary and is interested in mandate standpointing to read it.
Hello everyone, this is Carl Oihals. We will go through the highlights of the report and open up the Q&A at the end of the presentation in the same fashion as we do it with our monthly updates. You can ask your question in the Q&A tab. And as with monthly updates, we will also only take questions. If you have any questions, please add your name.
Tom? Yes, before our CFO takes you through the highlights of the numbers, report. An Atlantic SAS tracker receives sustainability as an integrated part of our business and also works to always improve our reporting and transparency. Following a material assessment, we have identified four key areas that we believe are the most important to Atlantic SAS and its stakeholders. Our ESG report is structured along these four categories. product responsibility, economic responsibility, environmental responsibility, and social responsibility. Looking at our updated materiality matrix on this slide, we have this year elevated fish health to the top right quadrant. This is because we believe that the events of 2021 have increased the importance and impact of fish health and fish safety on our own internal decision-making, and on our stakeholders' assessment of our company, and that, but not least, on the profitability of the business. First, we're focused on lowering our salmon feed impact on the ocean. To Atlantic Farmer, one of our most important sustainability challenges is that the industry today still relies on a limited resource, which is marine ingredients, to feed the fish. Our mission is to lead the traditional industry into the ocean, sorry, out of the ocean. Last year, 25% of the fish oil in our feeds were replaced with domestic land-produced algae oil, naturally rich in omega-3s. This has taken our marine derived ingredient factor, FSIS, down to under 0.75%, and makes us a net marine coffee producer, and also taking the FCR into account. Further, reducing freshwater consumption is important, as freshwater is becoming a scarce resource in many places, and the focus on preserving fresh drinking water is just going to increase in the years to come. In 2021, approximately 95% of water use was saline, We see room to reduce the freshwater consumption even further in the future by, amongst other things, to use fresh water for some of our current freshwater consumptions. The next point is recyclable packaging. a 50% reduction in the styrofoam thanks to composable and recyclable shipping losses being introduced. This is something that we have a good opportunity achieving, and suppliers that rely on air freight. In air freight, you have to use styrofoam. Then another very interesting bullet point is carbon sequestration identified. One very exciting piece is that thanks to our unique Blue House water chemistry, in combination with our injection route into the boulder zone, we have been able to quantify the large amount of CO2 that we are capturing in the water, and later disposing safely into the ground. On phase 1 and phase 2 are both in operation, we estimate that we will inject approximately 150 tons of CO2 per day, which, of course, comes on top of the significant reduction in carbon footprint of not having to fly the fish to airplanes to reach the customer. Circular economy. Last year, 100% of our bioproducts from tilleting was sold as essential ingredients. We have even greater ambitions for the future, and we hope to also be able to turn our bioproducts into value-added products for human consumption. Our fish is not only delicious, it's also a very healthy protein. In 2021, we were granted the American Heart Association's project certification. Last, local job creation. Finally, we are proud of all our employees. As of December 31 last year, the company had 166 full-time employees.
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