Mara Makes 2023 Canada’s Sustainability Changemaker’s List

HALIFAX, Nova Scotia--(BUSINESS WIRE)--Mara Renewables Corporation (Mara) is delighted to announce they have made the Sustainable Development Technology Canada (SDTC) Canada’s Sustainability Changemakers list for 2023. The list is comprised of the top ten Canadian companies showing outstanding growth and a track record of delivering on SDTC’s mandate of environmental and economic benefits for Canada. Mara was chosen because of their commitment as a leading organization that has challenged the status quo to provide Canadian-made solutions with potential global impact.

“We are honored and proud to be recognized as one of Canada’s Sustainability Changemakers among such an elite group of companies. Mara’s mission has always been to be a leader in sustainability and the preservation of earth’s most precious natural resources. Implementing our patented processing technologies and using biomass that does not disrupt nature’s ecosystems is one of the ways in which we demonstrate our commitment to minimal impact on the planet while providing the highest quality ingredients to improve human health on a global scale,” said Dr. Mark Scaife, Managing Director and Chief Operating Officer of Mara. “We are very grateful to be on this esteemed list of companies who share our vision for a better future.”

Canada’s Sustainability Changemakers is the first made-in-Canada list recognizing homegrown innovation in sustainable technologies. The companies were chosen as Canada’s Sustainability Changemakers following a rigorous evaluation process consisting of five criteria:

• Steady annual revenues of over $10 million;
• A compound annual growth rate of 20% or more over the last three years;
• Sustainable benefits and impact measured per SDTC’s proprietary methods of quantifying environmental benefits;
• A global footprint; and
• A Canadian presence and contribution to the local economy: at least 50% of the workforce and significant operations must be Canada-based, and the company must demonstrate job growth.

“For a second year in a row, SDTC is pleased to recognize Mara Renewables as one of Canada's Sustainability Changemakers for 2023. This distinction is a testimony to Mara’s continued leadership, excellence, and commitment to sustainability in Canada and globally. SDTC is thrilled to support Mara Renewables in their leadership toward Net Zero and economic prosperity in Canada,” said Leah Lawrence, CEO of SDTC.

About Mara Renewables

Mara Renewables, from Dartmouth, Nova Scotia, is a world-class Canadian biotechnology company, manufacturer and leading global supplier of its patented ingredients, including algal-derived omega-3 oil DHA. It meets the growing needs of plant-based and environmentally conscious brands and consumers, providing functional, innovative ingredients that improve human nutrition without depleting our planet’s most valuable natural resources. In 2021 alone, Mara supplied enough DHA-rich fatty acids to the nutritional supplement, and food and beverage markets to offset an estimated 7.3 billion fish (anchovy). In recent years, Mara has expanded its operations in Canada as well as in the UK and has seen high revenue growth through exports. They plan to continue to accelerate the commercialization of new products and to expand into new markets.