Sustainability and financial performance are inseparable.
Björg Capital is equally invested in two outcomes: strong returns for our investors, and a healthier ocean.
The ocean is under real pressure.
The share of wild fish stocks fished within biologically sustainable limits has fallen sharply in a generation, while global demand for aquatic protein keeps rising.
Share of wild fish stocks within biologically sustainable limits. Source: FAO.
Wild supply has reached its limit. Food security depends on investment in sustainable aquaculture.
Binding sustainability criteria are a condition of every investment. Across the portfolio, we promote five characteristics.
Sustainable use of ocean resources.
Business models that reduce pressure on wild fish stocks and support the responsible, long term use of marine resources across the value chain.
Reduced environmental and biological risk.
Sound environmental management in every business, and in production, biosecurity, animal health and welfare, containment and effluent control.
Resource efficiency.
More output from less input: feed, energy and water efficiency, and reduced emissions and waste intensity across production, processing and cold chain.
Traceability and responsible sourcing.
Verifiable data through the value chain, so claims can be proven rather than asserted, and responsible sourcing of raw materials including marine ingredients.
Safe, fair and well governed workplaces.
Health and safety performance, fair employment practices, and management accountability supported by real internal controls.
Two paths, one standard.
Already operating to a credible standard.
The company meets the bar on day one.
- Full regulatory compliance
- Robust environmental and, where relevant, biological risk management
- Responsible sourcing with documented chain of custody
- Recognized certifications where applicable
- Transparent governance and reporting
A feasible, time bound pathway to it.
Approval requires a transition plan agreed with management before investment.
- Baseline metrics
- Quantified targets
- Committed capital expenditure and resourcing
- Named ownership of each workstream
- A realistic timeline, reported to the board and the Manager
Much of the value we create is the transition: taking sound operators and lifting their environmental and operational performance.
Sustainability runs through every stage.
What we track, by sector.
A small set of indicators, auditable and directly linked to both sustainability outcomes and financial performance. Baselines are set at entry and progress is monitored quarterly.
Aquaculture and fisheries
Processing and cold chain
Aquafeed and alternative proteins
Marine ingredients, seaweed and algae
How we govern sustainability.
Björg Capital appoints a Head of ESG and Impact: a single, dedicated owner of the sustainability agenda, responsible for measurement, reporting and compliance, and the voice of ESG in every investment discussion and portfolio review. They are supported by specialist consultants and external advisors for the deeper environmental and biological questions. At each portfolio company, ESG accountability is anchored at board level, with targets and progress reported to the Manager.
Our strategy is aligned with the UN Sustainable Development Goals most relevant to the sustainable blue economy, operationalized through the indicators above rather than treated as a labeling exercise. Our measurement draws on leading ocean frameworks, including the Ocean Impact Navigator developed within the 1000 Ocean Startups coalition.
Sustainability, measured and reported.
Our ESG approach, on request.
The Fund is classified under Article 8 of the EU Sustainable Finance Disclosure Regulation (SFDR): it promotes environmental and social characteristics, applies binding criteria, and reports against defined indicators. Exclusions apply in addition to sector exclusions: no investment in illegal, unreported or unregulated (IUU) or destructive fishing; serious or persistent violations of the UN Global Compact; weapons or tobacco; or entities subject to applicable sanctions.