Salmones Austral, first Latin American salmon company with validated climate targets

Salmones Austral has become the first company in the salmon farming sector in Latin America and Chile to have its emissions reduction targets validated by the international Science Based Targets initiative (SBTi).

As part of this commitment, the company aims to reduce its absolute greenhouse gas (GHG) emissions by 56.4% in scopes 1 and 2, achieve a 32.5% reduction in scope 3 emissions, which include indirect emissions across its value chain, and cut land-related emissions (FLAG) by 39.4%.

"This is much more than a symbolic commitment. It is a clear signal to the market that we are integrating climate management into our business strategy, with concrete targets that are validated and planned to be achieved before 2033," said Claudio Melgarejo, Chief Financial Officer of Salmones Austral.

Only 26 companies in Chile have received SBTi validation

According to Salmones Austral, there are currently only 26 companies in Chile and 151 in Latin America that have had their targets validated by the SBTi.

The Chilean company dedicated two years of technical work and planning to achieve this milestone, with the support of the international consultancy Edge Impact Latam, which specializes in decarbonization and climate change adaptation.

In addition, Salmones Austral has worked closely with its value chain, recognizing that a significant portion of its carbon footprint is generated outside its direct operations.

"Having science-based targets enhances the resilience of our operations, strengthens our financial appeal, and facilitates access to sustainable instruments such as green bonds or climate performance-linked credit lines," Melgarejo concluded.