Veramaris has published its new Sustainable Development Report for 2024, which shows that it is on track to meet its Science Based Targets initiative commitments. The report showcases a reduction in the company’s greenhouse emissions while production increases dramatically.
Veramaris’ new Sustainable Development Report (SDR) for 2024 outlines how, despite increasing algae oil production by 61% in 2024, the company reduced its absolute greenhouse (GHG) emissions by 5.6% (Baseline 2021). Looking ahead, the company states that its next phase of scale-up needs commitment from aquafeed markets and the downstream seafood value chain. With this support, Veramaris is ready to grow, so that global aquaculture can also continue to grow with less risk of short-term Omega-3 supply shocks.
“In 2024, we operated at full capacity for the first time, proving that aquaculture can expand responsibly – without deepening its reliance on wild fish stocks for essential long-chain Omega-3s,” said Gertjan de Koning, CEO of Veramaris.
As the report shows, however, sustainability is about more than just emissions. Aquaculture has long relied on wild-caught forage fish stocks for Omega-3s alone, but the supply gap is challenging, and the volatility of fish oil prices continues to disrupt the market, especially as climate change continues to disrupt global fisheries. Veramaris points out it has helped fill the supply gap, showing it can provide a viable, reliable, sustainable, and scalable source of high-quality Omega-3s for aquaculture.
“Our algae oil has moved from an alternative to a mainstream ingredient, and our goal is to secure its long-term place in aquafeed formulations to support the sustainable growth of the industry. Only with further commitment from the entire value chain can we realize our vision of growth that sustains the future and we’re working with our partners to achieve this,” continued de Koning.
Veramaris’ new report summarizes its achievements in 2024 and provides more details about the company’s sustainability-related partnerships. The full report is available on the company’s website.
