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CSRD Reference
G1 - Business Conduct
SalMar is committed to conducting all procurement activities with integrity, transparency, and sustainability. This policy ensures that procurement decisions support fair competition, ethical practices, and environmental responsibility throughout the value chain.
This policy applies to all employees authorized to engage in procurement on behalf of SalMar.
The Board of Directors holds ultimate responsibility for procurement governance. Executive management ensures compliance with SalMar’s Ethical Guidelines and sustainability principles. Only employees with proper authorization may enter into contracts or procurement agreements.
Employees involved in procurement must evaluate suppliers based on ethical standards, environmental performance, and compliance with SalMar’s requirements – such as the ones presented in the Group’s Supplier Code of Conduct. Managers are responsible for approving procurement decisions and ensuring adherence to this policy.
Procurement practices are monitored through internal audits, supplier evaluations, and risk-based screening. Compliance with environmental and ethical standards is documented and reviewed regularly.
SalMar’s procurement strategy emphasizes sustainability, transparency, and fair competition. The company prioritizes suppliers with strong environmental profiles and ensures that procurement decisions consider the full lifecycle impact of products and services, including production, transport, reuse, and safe disposal.
The following sections outline the Group’s most material impacts and risks, along with strategic targets established.
Established procedures to safeguard supplier payment
SalMar maintains clear internal control procedures for procurement and supplier payments, ensuring accuracy, fairness and predictability in all financial transactions. These procedures are regularly audited by an independent third party, strengthening trust with suppliers and supporting responsible business practices throughout the value chain.
Lack of information
Limited information flow from suppliers poses a risk, as SalMar may not be immediately aware of incidents or concerns that arise within the supply chain. Insufficient visibility can delay mitigation efforts, weaken oversight, and expose the company to operational, financial or reputational consequences. Transparency and communication with suppliers are therefore essential to effective supplychain risk management.
SalMar enforces zero tolerance for unethical procurement practices. All procurement decisions must comply with SalMar’s Ethical Guidelines and sustainability principles. The company commits to continuous improvement in supplier screening and lifecycle impact assessments.
Procurement processes include thorough evaluation of suppliers, environmental impact assessments, and compliance checks against SalMar’s standards. Supplier vetting is conducted before contracting, and lifecycle considerations such as reuse and safe disposal are integrated into decision-making. All procurement activities are documented and subject to internal review.