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SUSTAINABILITY REPORT 2015

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certification to Best Aquaculture Practice (BAP) for our<br />

marine sites and wet processing.<br />

We have maintained our industry leading position<br />

in implementing a sustainability focus throughout<br />

the company – with WWF-Australia as our principal<br />

sustainability partner. Key to this focus is meaningful<br />

communication with all of our stakeholders, supporting<br />

our goal to develop significant environmental and social<br />

initiatives led by stakeholder input.<br />

Tassal in general adopts a conservative attitude towards<br />

risk taking. We strive to minimise risks (as much as<br />

possible) while pursuing strategic ambitions. Our<br />

robust Risk Management System is an enterprise wide,<br />

holistic system to mitigate risks and recognises that our<br />

appetite for risk differs for each area of the business (e.g.<br />

operational, strategic, financial, compliance). Our Risk<br />

Appetite Statement governs our strategic decisions and<br />

provides a level of ‘freedom within boundaries’ and is<br />

aligned with a precautionary approach.<br />

Overall, Tassal is mitigating risk via a focus on<br />

sustainability by:<br />

• Implementing best practice infrastructure and fish<br />

health capacity<br />

• Focusing on impact mitigation and stakeholder<br />

engagement<br />

• Forming collaborative, forward focused research<br />

partnerships, and<br />

• Implementing and resourcing compliance,<br />

communication, stakeholder, and wildlife<br />

management plans – together with transparency<br />

in reporting.<br />

Tassal Sustainability Report <strong>2015</strong> 21

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