Sumary of Seaspiracy prompts a deep dive into ASX aquaculture sustainability:
- This is disconcerting if you’re a shareholder in an ASX-listed aquaculture company, thinking it was an ethical investment..
- And I’ll admit, the film made me jump back on the computer to have a look at what the salmon producer ‘sustainable’ initiatives really are..
- Sustainability of our ASX salmon shares Getting to the point – there are three dominant ASX-listed players when it comes to salmon production in Australia and New Zealand..
- NZK) The New Zealand-based King salmon producer is the smallest ASX-listed company on the list, with a market capitalisation of $195 million..
- Yet, New Zealand King Salmon still has a whole section in its annual report dedicated to environmental sustainability..
- The report found that improvements could be made in its feed conversion ratios (FCR) and reducing animal by-products in the Salmon feed..
- Due to the unique nutritional needs of King salmon, the only way to decrease land animal proteins is to increase marine protein, which poses a conundrum..
- HUO) Huon is the next largest ASX-listed salmon producer on the list, with a market capitalisation of $290 million..
- Additionally, it is the only seafood producer participating in the RSPCA Approved Farming Scheme, meeting detailed animal welfare standards….