The job is not done until the person you are doing it for is satisfied
CSRD Reference
G1 - Business Conduct
SalMar is committed to ensuring that its supply chain operates in accordance with high ethical, social, and environmental standards. This policy outlines SalMar’s approach to supplier management, emphasizing compliance, transparency, and continuous improvement throughout the value chain.
This policy applies to all suppliers, contractors, and strategic partners engaged in business with SalMar. It also governs subcontractors and any third parties linked to SalMar’s operations.
The Board of Directors holds ultimate responsibility for supply chain governance. Executive management ensures that contractual requirements and compliance standards are implemented and monitored. Procurement teams and managers are responsible for supplier vetting, follow-up, and corrective actions when necessary.
Suppliers must comply with SalMar’s contractual standards, including human rights, labor rights, health and safety, and environmental practices. Employees involved in procurement and supplier management must ensure compliance through evaluations and follow-ups.
SalMar conducts supplier assessments prior to procurement, covering financial reliability, social compliance, environmental performance, and quality standards. Continuous monitoring is carried out through audits, reporting requirements, and SalMar’s whistleblowing channel, which is available to suppliers. Breaches are documented and addressed promptly.
SalMar’s strategy focuses on building a responsible supply chain by enforcing contractual standards, requiring climate and safety reporting, and ensuring transparency in line with the Norwegian Transparency Act. SalMar expects suppliers to uphold these standards throughout their own supply chains.
The following sections outline the Group’s most material risks, along with strategic targets established.
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 child labour, forced labour, and unsafe working conditions in its supply chain. All suppliers must comply with contractual standards and report on relevant environmental and safety performance.
Supplier vetting is conducted before contracting, including checks on financial stability, social compliance, and environmental practices. Contracts include clear requirements on human rights, labour standards, and health and safety. SalMar reserves the right to monitor compliance and take corrective actions, including contract termination if necessary. Suppliers are required to report relevant data, and SalMar encourages input from NGOs and other stakeholders to improve supply chain practices.