Milarex is an international seafood company, focusing on salmon value-added products. The company was established in 2016 and has taken a leading position within value-added processing. Milarex seeks to advance sustainable production and consumption of salmon by ensuring a sustainable source-to-product process and providing a healthy and affordable source of protein through its fish products.
Milarex at a glance
Key developments 2022
Milarex continued to deliver solid growth (17%), driven by key growth markets such as North America, Italy, and the UK, amid a challenging year for the entire industry with raw material prices at all-time-high. Furthermore, Milarex strengthened the board with strong industry experience, and initiated multiple operational improvement projects.
Norway, Poland, Germany, Italy, France, UK, U.S.
Carbon intensity: Tons CO₂e per EUR m revenue
Total tons CO₂ emitted
Monetized climate impact
Full time employees
Gender balance, % females
Monetized employment impact (EURm)
Via Summa Compliance
✔ Code of conduct
✔ Supplier code of conduct
✔ Economic Sanctions
✔ Competition Law/Antitrust
✔ Data Protection/IT Security
How Milarex is advancing ESG
During 2022, Milarex became fully compliant to Via Summa policies and implemented the use of 100% green licensed energy to reduce its Scope 2 emissions. Going forward, Milarex will focus on energy & water reduction activities, circular solutions for plastics in its production and take action towards increased recyclable plastics in consumer packaging.
Science Based Targets
Milarex has initiated process to set Science Based Targets, with expected target validation by Q1 2024.
Board Gender Diversity
Milarex has reached its initial target of 40% board gender diversity and is currently reviewing targets.
What are the challenges Milarex addresses?
How does Milarex help?
Consumers have limited access to affordable and sustainable protein like salmon despite the increasing need to bolster sustainable food sources.
Milarex promotes sustainable practices from raw fish suppliers and oversees a highly efficient production process to produce healthy and affordable sources of protein through its salmon products.
Consumers primarily rely on salmon and other more sustainable proteins to meet food needs.
Conversion ratio raw material to edible product
Tons of edible product
Raw materials with sustainability certificate
Who is impacted?
Consumers across North America, Europe, Southeast Asia, and Australia who have a more affordable option for nutrient-dense and sustainable protein. The planet due to the option for a more sustainable alternative to other proteins.
What are the impact considerations?
Consumers are able to access a more sustainable protein alternative with a transparent value chain.
Milarex has limited control over the operations of its suppliers as well as consumer behavior related to end-product use and product end-of-life.