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BLUMAR STANDS OUT AS A COMPANY WITH THE HIGHEST SUSTAINABILITY STANDARDS

BLUMAR STANDS OUT

Blumar stands out as a company with the highest sustainability standards. The Chilean firm’s scores also position it as the best fishing company and among the top two salmon producers in the country with the best performance in the Corporate Sustainability Assessment.

Blumar has achieved a score of 73 points in the Corporate Sustainability Assessment (CSA), an annual evaluation of companies in the food category conducted by the risk rating agency S&P Global. This represents a 17-point improvement in just one year, reinforcing the company’s corporate purpose: We nurture people by embracing the ocean.

The CSA annually recognises industry leaders by measuring them across environmental, social, and governance dimensions. Since Blumar began participating in the CSA in 2021, its total score has increased from 42 to 73 points, a 74% improvement in three years.

Specifically, Blumar’s environmental score rose from 42 to 75 points, its social score from 44 to 73 points, and its governance score from 39 to 69 points.

This significant improvement positions Blumar as the top-performing fishing company in Chile and the second-best performing salmon producer. In fact, these results place Blumar among the top 2% of food companies worldwide (98th percentile).

“This assessment has allowed us to test our sustainability strategy, which is integrated into our overall business strategy, and to give meaning to our ESG efforts through measurable goals that impact society and our business. Undoubtedly, these results reflect the hard work of our entire team”, said the CEO of Blumar, Gerardo Balbontín.

Blumar’s approach is innovative. Led by the company’s People and Sustainability department, Blumar has implemented a strategy that is both business-oriented and focused on key stakeholders. Social and environmental objectives have been integrated into economic and financial measures, such as sustainability-linked loans, which offer more favourable financing terms tied to the company’s ESG commitments.

“This is a journey of continuous improvement. We are proud to be one of the companies with the highest sustainability standards, and we are committed to driving further advancements in best practices to support the future growth of our business”, said Sustainability Manager, Felipe Hormazábal.

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