Global salmon giant Grieg Seafood has excluded Cargill Aqua Nutrition from the proceeds of its NOK 1 billion ($103 million/$92 million) green bond until its parent company Cargill has significantly reduced its soy-related deforestation risk in Brazil.
The move means that Grieg cannot use any money from the bond -- meant for commercializing new feed ingredients or innovative feed that improves fish health and welfare -- on Cargill, despite the large number of interesting projects the feed giant has in this area.
