The survival of the Tlingit, Haida and Tsimshian people has long depended on a balanced view of the ecosystem inclusive of all living things. Sealaska is designing solutions to some of the planet’s greatest challenges by combining cultural values with modern, market-based, and technology-driven insights.
Following this strategic plan, Sealaska achieved $60.7 million in net income for 2021. Record investment income and continued growth from Sealaska’s ongoing business operations increased 2021 net income by $5 million year-over-year to nearly $61 million.
Sealaska net income includes the financial results of operating businesses; the results from investments and revenue sharing provided for by the Alaska Native Claims Settlement Act’s Section 7(i); and those items excluded from EBITDA — interest, taxes, depreciation, and amortization.
“Our business plan in the coming years is focused on two industries: sustainable seafood and hydro sciences,” said Sealaska President and CEO Anthony Mallott. “This combination is especially strong for us. We are working with international partners to build a supply chain that can deliver sustainably sourced seafood to the world’s growing population. Increasing consumer demand for sustainable seafood through attractive, approachable products will reduce demand for foods like beef and pork, which are responsible for high levels of carbon emissions. Our other focus is on hydro sciences, which support oﬀshore renewable energy development. Around the world, countries have made ambitious commitments to reducing their carbon footprints, which will lead to signiﬁcant demand for new renewable energy sources.”