| Invested through |
|
|---|---|
| Asset Classes | Listed equity |
| Impact strategy | Impact Equities and Bonds |
| ISIN code | FO0000000179 |
| Industry group | Food, Beverage & Tobacco |
| Aligned with SDGs |
Bakkafrost is a fish farming company focused on salmon. The company is active in three segments:
• Farming - Faroe Islands and Scotland
• Value-added Products
• Fishmeal, Oil & Feed
The first segment focuses on growing salmon and selling to wholesalers, whereas the Value-added Products business packs and sells portions to retail clients. The third division produces fish feed. This is mainly used for the two farming segments, as feed is important for the quality of the salmon.
Bakkafrost operates mainly on the Faroe Islands, but also in Scotland. Revenue is derived from selling to customers in Europe, North America and Asia. The company was founded in 1968 by the Jacobsen brothers and is based in Glyvrar, Faroe Islands.
Investment rationale
Bakkafrost plays a key role in the transition to sustainable food systems by producing salmon - a healthy animal protein rich in omega-3 fatty acids, vitamin D, and high-quality proteins - with a much lower environmental footprint than other meats. By focusing on responsible farming practices, such as sourcing sustainable feed (including a high proportion of trimmings and by-products) and achieving ASC certification, Bakkafrost supports healthier diets and helps reduce the environmental impact of food production. This approach not only promotes human health but also advances more ethical and environmentally friendly food choices.
Alignment with Triodos Transitions:
59% of the company's revenues is aligned with the Food Transition theme. The contribution to the Food Transition comes from 59% of revenues related to the impact objective Food Security.