Environmental Footprint Assessment
The aim of the assessment was to establish a baseline for the company’s environmental performance and determine the actions required to meet ambitious sustainability goals in the coming years. The carbon footprint for Forever Oceans fish is estimated to be less than 1/14 of that for beef. The farm-gate footprint of Forever Oceans Kanpachi is estimated at less than 5kg of carbon per kilogram of fish produced, which is less than global average emissions for farmed salmon, and is therefore a comparatively low emissions form of animal protein.
The assessment also confirmed that Forever Oceans’ approach to raising fish is likely to have a negligible impact on the ocean floor—a point of differentiation in one of the key areas of environmental concern for finfish aquaculture.
- Food production is a major contributor to environmental challenges, accounting for nearly one quarter of global greenhouse gas (GHG) emissions, 70% of freshwater usage, and 80% of habitat degradation (Poore and Nemecek, 2018).
- Forever Oceans, open ocean Panama site and unique grow out technology have the potential to produce S. rivoliana in a way that may avoid or substantially reduce many of the environmental issues commonly associated with coastal net pen finfish aquaculture, especially the effects of fish and feed waste.
- The GHG emissions impact of Forever Oceans, Panama operations are an estimated 7.13 kg CO2 equivalent per kg fish, inclusive of GHG emissions to the farmgate and land use, basic processing, and distribution to international markets…. a ‘farmgate’ indicator of GHG emissions, Forever Oceans Panama operations’ impact is an estimated 4.26 kg CO2 equivalent per kg fish. Scope 1 and 2 GHG emissions account for an estimated 0.38 kg CO2 equivalent per kg fish.
- The results of farm waste and nutrient modelling suggest that under the modelled conditions, Forever Oceans, operations will not have a significant impact on the marine aquatic environment (water and sediment).
- This assessment has identified that if Forever Oceans in Panama can implement restorative aquaculture approaches, the company could be influential in sustainable seafood production and the transformation needed to overcome growing threats from the environmental burden of food production.
Below is a link to download the full report of The Nature Conservancy’s findings.