AquaBounty Announces Launch of Environmental, Social, and Governance (ESG) Integrated Reporting Initiative
October 13 2021 - 8:30AM
AquaBounty Technologies, Inc. (Nasdaq: AQB) (“AquaBounty” or the
“Company”), a land-based aquaculture company utilizing technology
to enhance productivity and sustainability, today announced that it
has launched its Environmental, Social, and Governance (ESG)
integrated reporting initiative.
AquaBounty has engaged MZ Group, one of the largest independent
investor relations and ESG advisory groups, to conduct its ESG
assessment, develop an ESG reporting strategy and carry out
reporting in line with selected sustainability accounting
principles. AquaBounty will utilize MZ’s proprietary reporting tool
ESGiQ to collect, manage and analyze data in accordance with
selected reporting standards, as well as score quality and depth of
disclosure based on guidelines accepted by AquaBounty’s management
and the Board, to generate an ESG score for the Company.
The Company has chosen Sustainability Accounting Standards Board
(SASB) as its primary reporting standard and will make a voluntary
commitment to support the United Nations’ Sustainable Development
Goals to drive global improvement towards objectives such as Zero
Hunger, Clean Water & Sanitation, Industry Innovation,
Responsible Consumption & Production, improved Life Below Water
and others goals set forth by the United Nations. In future years,
AquaBounty will seek to add reporting figures for Global Reporting
Initiative (GRI) and Task Force on Climate-Related Financial
Disclosures (TCFD), in addition to its ESG reporting to SASB
standards.
“The very essence of AquaBounty’s mission is to contribute to
the sustainability of our planet, relieve pressure on the oceans
and provide nations with healthy, antibiotic-free and disease-free
affordable fish protein,” said Sylvia Wulf, Chief Executive Officer
of AquaBounty. “While we have always conducted business as a good
neighbor, working to give back to the local communities in which we
operate, we are excited to add material ESG aspects into our
corporate strategy and Key Performance Indicators (KPIs). We
believe such integrated reporting will play an instrumental role in
enhancing our profitability and risk oversight going
forward.” “We will
implement changes to our decision-making process over the next 3-5
years to include most material aspects of ESG reporting - setting
up the methodology for proper tracking and analysis of identified
metrics,” said David Frank, Chief Financial Officer of AquaBounty.
“I am pleased that our Board, management and other stakeholders are
backing our ESG reporting initiative and I look forward to sharing
our first report with the market later this year.”
About AquaBounty:
AquaBounty Technologies, Inc. (NASDAQ: AQB) is a leader in
aquaculture leveraging decades of technology expertise to deliver
game-changing solutions that solve global problems, while improving
efficiency, sustainability and profitability. AquaBounty provides
fresh Atlantic salmon to nearby markets by raising its fish in
carefully monitored land-based fish farms through a safe, secure
and sustainable process. The Company’s land-based Recirculating
Aquaculture System (“RAS”) farms, located in Indiana, United States
and Prince Edward Island, Canada, are close to key consumption
markets and are designed to prevent disease and to include multiple
levels of fish containment to protect wild fish
populations. AquaBounty is raising nutritious salmon that is
free of antibiotics and other contaminants and provides a solution
resulting in a reduced carbon footprint and no risk of pollution to
marine ecosystems as compared to traditional sea-cage farming. For
more information on AquaBounty, please
visit www.aquabounty.com or follow us on Facebook,
Twitter, LinkedIn and Instagram.
Forward Looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934, each as
amended. All statements other than statements of historical fact
contained in this release are forward-looking statements,
including, but not limited to, statements regarding ESG reporting
initiatives; anticipated growth in market size; anticipated
productivity, the expected benefits of AquAdvantage salmon and
land-based production to consumers and the environment, including
consistency of supply, disease- and antibiotic-free production,
resource conservation, and reduced carbon footprint;.
Forward-looking statements may be identified with words such as
“will,” “may,” “can,” “expect,” “plan,” “anticipate,” “upcoming,”
“believe,” “estimate,” or similar terminology, and the negative of
these terms. Forward-looking statements are not promises or
guarantees of future performance and are subject to a variety of
risks and uncertainties, many of which are beyond our control,
which could cause actual results to differ materially from those
contemplated in these forward-looking statements. Forward-looking
statements speak only as of the date hereof, and, except as
required by law, we undertake no obligation to update or revise
these forward-looking statements. For additional information
regarding these and other risks faced by us, please refer to our
public filings with the Securities and Exchange Commission (“SEC”),
available on the Investors section of our website
at www.aquabounty.com and on the SEC’s website
at www.sec.gov.
Company Contact:AquaBounty TechnologiesDave
ConleyCorporate Communications(613) 294-3078
Investor Relations:Greg Falesnik or Luke
ZimmermanMZ Group - MZ North America(949)
259-4987AQB@mzgroup.us
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