Congratulations to Mowi to a successful green debut! Danske Bank is proud to have participated in Mowi's EUR 200m inaugural Green Bond and in the structuring of the first Green Bond Framework ever from a seafood company.
How will the proceeds be used? The Framework is rated Medium Green by CICERO, and will target projects that support the company’s ambitious goals of e.g. 100% ASC certified fish farms by 2025 and reducing absolute emissions by 35% in 2030 and 72% in 2050, throughout the value chain. Green projects will include investments in sustainable feed production meeting strict requirements on freshwater, seawater and organic and sustainably sourced feed material, and a new freshwater hatchery plant using technology that will save approximately 99% of freshwater and reduce production time in sea – thereby reducing biological risks and the overall environmental footprint of the production.