SUSTAINABILITY REPORT 2015

Recommendations

Info

Our Approach to Governance Tassal’s governance approach has continued to evolve as the business matures. We have been moving towards a whole of organisation approach to governance during the reporting year. In highly regulated industries such as aquaculture, the move towards this model is not a large shift in approach, as compliance is already embedded across the business functional areas, but it is an approach that requires a focused coordinated approach. Our aim is to achieve best practice in governance to meet our requirements as per the traditional corporate governance model of compliance and to meet our obligations to our diverse stakeholder groups. We have adopted the Governance Institute of Australia’s guidelines on whole of organisation governance: transparency, accountability, stewardship, and integrity. Good governance is good business and adopting this model supports the achievement of Tassal’s strategic objectives by: • Clarifying that decision making is tied to risk and there is accountability for the exercise of authority • Empowering our employees and allowing them to respond to changing circumstances while ensuring that decisions are made within the risk appetite set by the Board • Improving productivity • Reducing risk, and • Facilitating enhanced responsiveness to the market and environment in which Tassal operates. For our investors, good corporate governance promotes investor confidence which is crucial to the ability of Tassal as a listed entity to compete for capital. Applying a long term view that social and environmental issues become financial issues means that Tassal has been pro-active in this space, has managed its business with due care and diligence and has ensured that appropriate governance arrangements are in place. This position aligns with the ASX Corporate Governance Principles and Recommendations. It also sends a powerful message to investors who can then factor this information into their decision on whether or not to invest in Tassal securities. Adopting a whole-of-organisation approach to governance has meant that we have found knowledge flows that challenge our traditional thinking and allow us to discover new ways of connecting and collaborating. This is vital to understanding the position of different stakeholders as well as investing in research and development that provides the science behind our decision making. Tassal Group Limited (ASX Listed Company) 'Whole of Organisation' Corporate Governance Model Workforce Health and Safety Compliance Tassal Operations Pty Ltd (Wholly owned subsidiary) Information Management and Record Keeping Aquatas Pty Ltd (Wholly owned subsidiary) Legal and Governance Board of Directors CEO and Executive Sustainability, Privacy Environment Compliance and Fish Health Compliance Renumerations and Nominations Committee Audit and Risk Committee Accounting and Financial COmpliance External Auditor General Counsel and Company Secretary Quality Assurance and Food Safety Compliance Traditional Corporate Governance Model Employment and Industrial Relations Compliance Business Divisions and Staff Functions 18 Tassal Sustainability Report 2015
Case Study: Good Governance - Senate Inquiry In March 2015 the Australian Government Senate referred the regulation of the fin-fish aquaculture industry in Tasmania to the Environment and Communications References Committee for inquiry and report. The terms of reference of the Inquiry were particularly focused on the: • Adequacy and availability of data on waterway health • Impact on waterway health, including to threatened and endangered species • Adequacy of current environmental planning and regulatory mechanisms • Interaction of state and federal laws and regulation, and • Economic impacts and employment profile of the industry We welcomed the Inquiry, and viewed it as a vehicle to share our story more broadly than with our primary stakeholder base. A written submission to the Inquiry was jointly prepared by the Tasmanian Salmonid Industry as a whole, and lodged by the Tasmanian Salmonid Growers Association (TSGA). Each Tasmanian Salmon farming company was integral to the development of this single industry submission which responded in full to the terms of reference. Tassal’s routine application of the principles of good governance that underpins our business and supports our internal management systems meant that the preparation of our contribution towards the industry submission was relatively seamless. Documentation previously prepared to meet various certification requirements (voluntary and obligatory), our sustainability reports, various internal reports and papers as well as those written for individual stakeholders provided a strong foundation of information on which to draw. Tassal’s contribution was largely prepared by the Environment and Sustainability team under the guidance of our Head of Sustainability and Fish Health and our Managing Director & CEO. In the preparation of our submission, it was important that the team not only align with the company’s purpose, but also understand the underpinning social and political context which gave rise to the Inquiry in the first instance. This allowed for the right information to be provided for the right purpose and to answer the questions posed by the Inquiry in a robust manner. In essence, the Inquiry is about transparency of the industry – a principal which is at the core of Tassal’s ethos and for which we are clearly leading the way globally. The real benefit of the Senate Inquiry for Tassal has been to strongly highlight that our approach to transparency, ethics, integrity and environmental responsibility is the right approach and has stood us in good stead. All of these elements have been underpinned by good governance practice. Tassal Sustainability Report 2015 19
Page 1 and 2: SUSTAINABILITY REPORT 2015
Page 3 and 4: Contents Message from our Chairman
Page 5 and 6: “We achieved ASC certification fo
Page 7 and 8: At the same time we successfully im
Page 9 and 10: Message from Ian Miles Head of Safe
Page 11 and 12: Our Salmon Our Biological Assets Ta
Page 13 and 14: Our Network - Sites MELBOURNE, VICT
Page 15 and 16: from Tasmania, increased by 194% ($
Page 17: Key Enablers The key enablers for t
Page 21 and 22: certification to Best Aquaculture P
Page 23 and 24: Goal Description FISH HEALTH & WELF
Page 25 and 26: Description PEOPLE Impact on sustai
Page 27 and 28: Our Community Engagement Officer wo
Page 29 and 30: Description ENGAGEMENT ACTIVITIES I
Page 31 and 32: Our Material Issues We have streaml
Page 33 and 34: Linking Material Impacts to the GRI
Page 35 and 36: consumer label, the ASC promotes ce
Page 37 and 38: WWF is very proud to walk side by s
Page 39 and 40: At each meal, the following factors
Page 41 and 42: Tassal’s Fish-In / Fish-Out Ratio
Page 43 and 44: Description Breeding and genetics I
Page 45 and 46: Salmon Farming in Tasmania’s Mari
Page 47 and 48: Marine Reserves The D’Entrecastea
Page 49 and 50: Changing Ocean Conditions As a prim
Page 51 and 52: 1995. Freshwater hatchery facilitie
Page 53 and 54: Water Quality in Macquarie Harbour
Page 55 and 56: Wildlife Management Tassal is commi
Page 57 and 58: Bird Gate Innovation Bird gates wer
Page 59 and 60: across all sites. This program is i
Page 61 and 62: Anaesthetics are used in Tassal’s
Page 63 and 64: Energy used, and associated CO 2e a
Page 65 and 66: GHG by source (t CO 2 e) 0.48 0.47
Page 67 and 68: Recovery Description of nutrients f
Page 69 and 70:
packaging - pouches 1,219,355 units
Page 71 and 72:
“Our longer term vision for the f
Page 73 and 74:
▪ 71% feel comfortable in discuss
Page 75 and 76:
are provided under the wellness ban
Page 77 and 78:
“We place a strong emphasis on em
Page 79 and 80:
periodically reviewing compliance a
Page 81 and 82:
Gender Demographics Total number of
Page 83 and 84:
Percentage of employees who live an
Page 85 and 86:
Sport was an important part of my y
Page 87 and 88:
Phases of worker dependence A depen
Page 89 and 90:
Tassal's total recordable injury fr
Page 91 and 92:
WHS Innovations Standardisation In
Page 93 and 94:
Our Team Each of our processing fac
Page 95 and 96:
Number of positive reports 42 40 35
Page 97 and 98:
Promoting Healthy Lifestyles In add
Page 99 and 100:
Description Tassal certifications I
Page 101 and 102:
Memberships and Committees Tassal i
Page 103 and 104:
Biosecurity Procedures or measures
Page 105 and 106:
unsustainable fishing and safeguard
Page 107 and 108:
Tassal Sustainability Report 2015 1
Page 109 and 110:
GRI Content Index Page General Stan
Page 111 and 112:
Energy External Assurance Page G4-D
Page 113 and 114:
Category: Social (Sub-Category Labo
Page 115:
Tassal Sustainability Report 2015 1
show all

SUSTAINABILITY REPORT 2015

Create successful ePaper yourself

Delete template?

Save as template?