Impact
Why aquaculture, why now?
We believe that in aquaculture, sustainability and financial performance are inseparable.
As demand for healthy protein rises and wild fisheries face hard limits, aquaculture is becoming a larger share of the global food system.
The question is not whether it grows, but how it grows: with stronger governance, better biological performance, and lower pressure on marine ecosystems. At Björg, we invest in that transition.
- 50%+ Share of seafood
Seafood now comes from aquaculture
- ~90% Wild stocks
Biologically constrained
- 3bn+ People
Depend on seafood for protein
How We Drive Impact
We screen for sustainability from day one.
As demand for healthy protein rises and wild fisheries face hard limits, aquaculture is becoming a larger share of the global food system.
The question is not whether it grows, but how it grows: with stronger governance, better biological performance, and lower pressure on marine ecosystems. At Björg, we invest in that transition.
We underwrite real aquaculture risk.
Biological performance, regulatory alignment, and operational execution are priced into every mandate. We stress-test assumptions against operational reality—not just models—before capital is deployed.
That discipline continues through the life of each investment as biology, regulation, and markets evolve.
We set clear, measurable goals.
Impact and financial outcomes share the same discipline: explicit targets, timelines, and accountability. We agree upfront what success looks like and how it will be measured alongside returns.
Reporting ties impact metrics to financial outcomes so progress is visible in boardrooms and in the field.
We execute through active ownership.
We work with management and boards to close gaps in governance, reporting, and operations. Ownership means engagement where it moves outcomes—not passive observation from the sidelines.
We align incentives with management and use board-level oversight to reinforce accountability.
We institutionalize lasting improvements.
The aim is durable change: systems, policies, and capabilities that outlast any single investment. We focus on what can be embedded so progress survives turnover and market cycles.
Documentation, training, and policy updates help ensure improvements persist beyond any single holding period.
Our Mission
Support the scaling of aquaculture businesses that reduce environmental and biological risk while strengthening operational performance.
Contribute to food security and responsible resource use while delivering competitive, risk-adjusted returns.
Measuring and Reporting Progress
We focus on decision-useful KPIs that reflect operational reality. Metrics are defined at the investment level and tracked throughout the holding period. Performance against these indicators is reviewed regularly and reported transparently to investors alongside financial results. Material ESG events are disclosed with clarity, together with remediation actions where relevant.
Alignment with the UN Sustainable Development Goals
We align our strategy with four UN Sustainable Development Goals directly relevant to sustainable aquaculture: SDG 14 (Life Below Water), SDG 2 (Zero Hunger), SDG 12 (Responsible Consumption and Production), and SDG 13 (Climate Action).
Sustainable Investment Objective
Björg Blue Ocean Fund I is structured to qualify as an SFDR Article 9 fund with a sustainable investment objective.
Investments are required to follow the Do No Significant Harm (DNSH) principle and meet minimum governance safeguards, consistent with the SFDR framework.
Our Impact Memo
For a detailed overview of Björg’s sustainability framework, governance approach, and key indicators:
Download the Impact Memo