Clean water
and sanitation
Ensure availability and sustainable management of water and sanitation for all. We align with this goal by progressively reducing the use of potable water for processing crude oil at our factory.
Read more how >A company with the right values
Our sustainability strategy
Epax takes its responsibilities seriously. For us, caring about healthy oceans, strong communities and fair working practices is personal – and we hold ourselves accountable.
We believe in the responsible management of marine resources and oceans, and our unwavering commitment to sustainability has been evidenced by our business practices for many years. The crude oil we use comes only from fisheries managed in compliance with the United Nation's Food and Agriculture Organization (FAO) Code of Conduct for Responsible Fisheries. To avoid placing pressure on local fisheries, we match our requirements for crude oil supplies to each unique fishery system’s operations.
In 2010, we launched our first official environmental stewardship policy, Epax EcoVision. This three-fold approach to sustainable and ethical business incorporates the ESG (Environment, Social and Governance) concepts and includes commitments to:
Sustainability
with strict adherence to fishing regulations, environmentally friendly ways to create concentrates and a commitment to never take fish from unregulated or unsustainable sources.
Traceability
knowing where and by whom our natural resources are harvested.
Accountability
accountability to our employees and our community, with third-party audits of our products and processes to ensure we are acting responsibly and fulfilling our obligations.
Since we developed Epax EcoVision, sustainability has become a more comprehensive concept, particularly since the formulation of the UN’s Sustainable Development Goals (SDGs) in 2015 as a blueprint for overcoming critical global challenges.
We stand alongside our parent company Pelagia in supporting these SDGs, which are a universal call to action to end poverty and inequality, protect the planet, and ensure peace and prosperity for all by 2030.
Focus on:
Five specific SDGs
Following analysis of the SDG targets, we have identified five specific SDGs on which to focus our ESG sustainability strategy.
The SDGs chosen are clean water and sanitation, decent work and economic growth, responsible production and consumption, climate action, and life below water. This allows us to set clear goals that are within our sphere of influence and most relevant to our business, operations, and stakeholders. Given that the 17 SDGs are integrated, the actions we take in these five specific areas will inevitably impact others. Therefore, throughout this report we will highlight where our efforts also positively impact any of the other SDGs.
Decent work and
economic growth
Promote sustained, inclusive and sustainable economic growth, full and productive employment, and decent work for all. We contribute to this goal by providing employment opportunities and supporting the local communities we operate in.
Read more how >
Responsible consumption
and production
Ensure sustainable consumption and production patterns.
We focus on this goal by ensuring our ingredients are sustainably sourced and produced.
Climate action
Take urgent action to combat climate change and its impacts.
We are addressing this goal by reducing our energy consumption and carbon footprint.
Life below water
Conserve and sustainably use the oceans, seas, and marine resources for sustainable development. We are helping to protect marine biodiversity and promote sustainable fishing practices by sourcing our Omega-3 ingredients only from certified sustainable fisheries.
Read more how >How are we doing?
Check our 2023 ESG report for the latest updates!
Planning for a more sustainable future
We will use our ESG framework as a driving force for continuous improvement that has a positive impact on our chosen SDG areas:
- Energy conservation will be a key part of projects in the company. We will strive to ensure that growth and development do not create a corresponding increase in energy consumption.
- We will ensure that Epax continues to utilise environmentally-friendly start materials and that waste is handled safely and efficiently.
- By-products from our production lines shall be utilised at the highest possible level in the value chain.
- Through continuous focus on environmentally friendly production and transport, we aim to create as small a CO2 footprint as possible.
- We will conduct our business as considerately as possible towards our neighbours and the local community.
- Through training and communication, we will encourage understanding of environmental issues in the workplace and environmental awareness among all employees.
- Through research and development and process improvements, we will pioneer responsible production and responsible products.
We will comply with the requirements of the MarinTrust (CoC) and Friend of the Sea standards.
The Transparency Act / Åpenhetsloven
We consider it our due diligence to make sure that fundamental human rights and good working conditions is carried out for all of Epax's connected collaborators.
We take the commitment of the The Transparency Act seriously, and with dedication and extensive work we have prepared the organisation to fullfill the requirements of the new law. Our statement (in Norwegian) is available for download by following the link below.
