SUSTAINABILITY
Promoting sustainability is at the core of our values as a business. All of our activities are based on developing favorable solutions that will have a positive effect on the climate and environment for the NXT generations. Our company will continue with its research and development activities to find solutions that will meet the challenges of today – solutions that will improve efficiency while being climate and environmentally friendly. We expect them to show positive effects on all accounts and reports.
Climate and environmental goals:
If we can make a positive difference on the environment, we can certainly make a positive impact on the climate.
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We will implement solutions that will ensure that the fishermen's environmental impact will be as minimal as possible in safeguarding nature's diversity by eliminating the possibility of ghost fishing.
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We intend to comply with all legal requirements and regulations implemented by the authorities.
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We will make sure that our partners in our value chain operate:
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in an ethical manner
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in a climate and environmentally friendly way
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in a sustainable way
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and complies with human rights requirements
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with measures in place to prevent corruption
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We will make our climate and environmental efforts visible and there will be no doubt about what we expect from new partners if they want to be included in our value chain.
Climate and environmental effort:
Our digital SMART buoy system is mainly made to prevent ghost fishing, but we also included some sensors that collect a lot of unique data every time the SMART buoy is submerged. By preventing lost fishing gear, we can reduce the amount of microplastic in the sea. We assume that between 640,000 and 1,000,000 tons of fishing gear (the same amount that transforms into micro-plastics), is lost EVERY YEAR worldwide.
All data our buoys collect like temperature, and light penetration at certain depths can be used to observe changes in the sea over time. The same data that is collected, combined with other data like weather, ocean current, and so on, can be used to make the fishing industry smarter, more economical, and more environmentally and climate friendly.
Recycling and circular economics:
We will offer rentals for all types of buoys and in that way, we will try to keep the buoys active all year round. When a customer wants to upgrade their existing buoys to buoys with more options, their existing buoys must be returned to us. We will assess its remaining useful life to determine whether it is to be circulated to a new customer or whether it is to be recycled. Our most important goal is to be able to recycle and give new life to all parts used in the buoy. We are not quite there yet, but our developers have this as their highest priority when components or designs are being changed.
Environmental friendly packaging:
We will make conscious choices when it comes to packaging, both for dispatch and return arrangements. When choosing material for packaging, we shall only use recyclable materials. At the same time, we will constantly search for new options to optimize our package solutions. Our suppliers must also be challenged in this area and must be able to offer an alternative that leaves the smallest footprint on the environment.
Climate and environmental measures:
To achieve our objectives for safeguarding and improving the climate and environment, we will always:
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Take care of the environment by continuously looking for better solutions that will leave a smaller footprint on the climate and the environment.
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Take control samples of where we suspect there may be negative effects on the environment.
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Prevent our products and services from being used for environmental crimes.
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Have control over the amount of waste we create and always seek the best options for waste management.
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Use products that have the least possible climate and environmental impact by carrying out regular tests with alternative products to assess whether it would be justifiable and appropriate to make changes in the product's cycle from production to recycling.
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Avoid influencing the external environment, including any influence that would contribute negatively to the climate.
Measurement and control:
We will measure how our products and systems affect the climate and the environment by:
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Offering our customers an environmental account that also assesses the customer's risk profile for environmental impact. For example, is there a way for them to get cheaper "green loans," discounts on insurance, etc.
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Preparing statistics and measures for things like salvaged catch and gear.
THE PIN REPRESENTS A WAY OF RETRIEVING WHAT'S LOST BY KNOWING WHERE IT IS
