The vision that inspires us
Together with our customers, suppliers and partners, we lead innovation to ensure access to more sustainable, healthier and safer seafood for the world’s growing population.
About Skretting
Skretting is the global leader in providing innovative and sustainable nutritional solutions for the aquaculture industry. Skretting has production facilities in 17 countries, and its 3,798 employees manufacture and deliver high-quality feeds from hatching to harvest for more than 60 species. In 2022, Skretting produced 3 million tonnes of aquaculture feed.
The head office is in Stavanger, Norway. Skretting is the aquaculture business line of Nutreco, which is headquartered in Amersfoort, the Netherlands. Nutreco is owned by SHV Holdings, a privately-owned Dutch trading company, regarded as one of the world’s largest private trading groups. SHV is a highly diversified company, with interests in transport, retail, oil, food and financial services. It currently employs around 60,000 people and operates in 58 countries.
Our purpose
Feeding the Future continues to be a meaningful purpose for us at Skretting. We hope that you see why after reading this report!
The values we live by
We updated our company-wide values in 2022. The new values of trust, inclusivity, curiosity, integrity and passion reflect our purpose of Feeding the Future and underpin our fundamental beliefs and the guiding principles of how we do business.
Our people
We updated our company-wide values in 2022. The new values of trust, inclusivity, curiosity, integrity and passion reflect our purpose of Feeding the Future and underpin our fundamental beliefs and the guiding principles of how we do business.
Ethics & Compliance
When the Russian army invaded Ukraine in February 2022, we were confronted with several ethical issues regarding Skretting’s business related to Russia.
Our primary concern was to ensure the safety and well-being of our Nutreco colleagues in both Ukraine and Russia. Second, the Skretting and Nutreco organisation strives to be a “good corporate citizen” in response to the war taking place in Ukraine. Having consulted some of our key stakeholders, we made the choice to stop selling our products to Russia and Russian-controlled territories.
During the year we made further efforts to embed Nutreco’s Ethics & Compliance (E&C) program in the Skretting business. We improved the method of E&C reporting from Operating Companies to the Managing Director (MD) of each Business Unit. The MDs are now provided with data and insight into risks as well as the effectiveness and embedding of our E&C program in their BU every six months. This ensures their full accountability and support for an effective E&C culture within their organisations.
The Code of Conduct and its accompanying e-learning course were revamped in the new branding with a new introduction of our CEO and a new part on HSE. We relaunched the Code of Conduct and the e-learning to all employees who had had not completed it in the last two years. We also conducted further risk assessments and training activities, particularly on topics covered by our Competition Law Compliance and Anti-Bribery and Corruption policies.
Furthermore, E&C has worked with the communications, procurement and sustainability departments to respond to the requirements of the Norwegian Transparency Act as well as various certification and prequalification initiatives focusing on responsible business conduct.
For more detailed information on our E&C efforts, please see the 2022 Nutreco Sustainability Report.
Occupational health and safe work
The efforts to enhance our reporting culture and transparency have resulted in an increase of our total recordable frequency rate (TRCF) and potential serious injury/fatality (PSIF) rates. Reliability on data has also improved with IT integration. In 2022, we have recorded 2.02 TRCF in the last twelve months. We expect to see an improvement in 2023.
The increase in PSIF and TRCF is mainly driven by a more transparent reporting culture and a more convenient way of reporting.
For more detailed information on our E&C efforts, please see the 2022 Nutreco Sustainability Report.
The loss of a colleague at work in 2022
A colleague lost his life at work in Ecuador in 2022. This has significantly impacted the way Nutreco operates. More than ever, safety has become a topic without compromise. Huge investments in training and equipment improvement have been made and driven by top management globally and locally. On a global level, the accident has accelerated the creation and review of our standards for safety and machine safety design. We have enhanced the skills of our operations in Hazard Identification and Risk Assessment. We have also strengthened the reporting of unsafe conditions and behaviours, to enhance our awareness to the risk.
Next: Our operations and certifications
In 2022, our OpCos continued to work closely with third party independent bodies, customers and local authorities to ensure compliance with standards, regulations and certifications to guarantee the consistent formulation and production of high-quality nutritional solutions for fish and shrimp.