Veramaris released its Sustainable Development Report (SDR) for 2024 which shows it is on track to meet its Science Based Targets initiative (SBTi) commitments. The company is reducing its GHG emissions while dramatically increasing production, supporting the long-term growth and sustainability demands of the aquaculture industry.

“In 2024, we operated at full capacity for the first time, proving that aquaculture can expand responsibly – without deepening its reliance on wild fish stocks for essential long-chain omega-3s,” said Veramaris CEO Gertjan de Koning.

As the report shows, however, sustainability is about more than just emissions. Aquaculture has long relied on wild-caught forage fish stocks for omega-3s alone, but the supply gap is challenging, and the volatility of fish oil prices continues to disrupt the market, especially as climate change continues to disrupt global fisheries. Veramaris has helped fill the supply gap, showing it can provide a viable, reliable, sustainable, and scalable source of high-quality omega-3s for aquaculture.

“Our algae oil has moved from an alternative to a mainstream ingredient, and our goal is to secure its long-term place in aquafeed formulations to support the sustainable growth of the industry. Only with further commitment from the entire value chain can we realize our vision of growth that sustains the future and we’re working with our partners to achieve this,” said de Koning.

Veramaris’ new report summarizes its achievements in 2024 and provides more details about the company’s sustainability-related partnerships. The full report is available here.