SUSTAINABILITY REPORT 2015
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“We achieved ASC<br />
certification for all our farm<br />
sites, a global first for any<br />
Salmon company”<br />
• Construction of the Triabunna fish<br />
by-product rendering plant, and<br />
• Construction of a second recirculation<br />
hatchery next to the existing<br />
Rookwood Road facility.<br />
We experienced some challenging<br />
times in the past year with a Federal<br />
Senate Inquiry into the ‘Regulation of the<br />
fin-fish aquaculture industry in Tasmania’<br />
in March <strong>2015</strong>. We chose to take a<br />
positive view on the issue and used<br />
the Inquiry as an opportunity to better<br />
communicate the good work Tassal is<br />
continuously undertaking to minimise<br />
environmental impacts, maximise<br />
positive social impact and continue to<br />
significantly contribute to the Tasmanian<br />
economy. The Inquiry allowed us<br />
to showcase the robustness of our<br />
regulatory framework and gain a greater<br />
understanding of our stakeholder’s<br />
concerns.<br />
The forum was not an inquiry into Tassal,<br />
but an inquiry into Tasmania’s finfish<br />
regulation. The outcomes of stakeholder<br />
views and representation will inform<br />
future material issues for Tassal.<br />
Our Board considers Tassal to be a<br />
sustainable aquaculture company from<br />
an environmental, operational and<br />
financial perspective. Part of our role<br />
is as a custodian of the environment –<br />
particularly the marine environment. We<br />
achieved ASC certification for all of our<br />
farm sites, a global first for any Salmon<br />
company. We have maintained our<br />
industry leading position by continued<br />
implementation of a sustainability focus<br />
throughout the company. Key to this<br />
focus is meaningful communication with<br />
all stakeholders, including customers.<br />
While we have moved from strength to<br />
strength from a financial perspective,<br />
we understand that it is not enough for<br />
Tassal to be just a ‘profitable company’.<br />
Investors, customers, consumers,<br />
employees and the public expect Tassal<br />
to be environmentally and socially<br />
responsible.<br />
In response, we intend to continue our<br />
responsible way of doing business by<br />
striding from strength to strength from<br />
an environmental and social perspective<br />
through our carefully managed risk<br />
management strategy by:<br />
• Maintaining ASC certification across<br />
our Salmon business<br />
• Implementing best practice<br />
infrastructure and fish health capacity<br />
• Focusing on impact mitigation and<br />
stakeholder engagement<br />
• Forming collaborative, forward<br />
focused research partnerships, and<br />
• Implementing and resourcing<br />
compliance, communication,<br />
stakeholder, and seal management<br />
plans – together with transparency in<br />
reporting.<br />
Of note, we received very positive<br />
feedback on our FY2014 sustainability<br />
report from Seafood Intelligence, an<br />
organisation that reviews a large volume<br />
of global sustainability information every<br />
year. Their observations, specifically:<br />
“...the report is written and carefully<br />
‘crafted’ in a frank, objective and<br />
‘humane’ way which both presents<br />
very specific/informative data whilst<br />
remaining seemingly very accessible for<br />
all stakeholders to read....the report’s<br />
seeming ‘simplicity’ conceals a very<br />
well-thought conception and realisation...<br />
This has also merit of conveying aptly<br />
the fact that the sustainability “ethos<br />
is now truly embedded within Tassal”,<br />
means a lot to us as we navigate the<br />
complexities of our business activities<br />
while reporting on these activities in a<br />
meaningful and transparent way.<br />
In our day to day communications we do<br />
in fact strive to be frank, objective and<br />
humane. This is how we publically show<br />
our respect for our stakeholders and<br />
their perspectives which actually may be<br />
quite different from ours.<br />
Moving forward, the core focus for<br />
Tassal is to further improve customer<br />
value and build stronger strategic<br />
relationships through optimising the<br />
supply chain and the value that we<br />
create through scale and national<br />
co-ordination of procurement,<br />
processing and distribution, which will<br />
result in improved availability of our<br />
product. We will also focus on insights<br />
led Seafood marketing, innovation and<br />
category management which will aim<br />
to increase domestic market per capita<br />
consumption for responsibly farmed<br />
Salmon and responsibly farmed and<br />
caught Seafood.<br />
Finally, we would like to thank our<br />
employees who effectively make<br />
Tassal the company that we are. Our<br />
staff uphold our values, deliver on our<br />
promises and targets and have made us<br />
the company we are today. Simply put,<br />
our people matter.<br />
We look forward to having you along<br />
with us for our exciting transition into the<br />
Seafood market.<br />
Allan McCallum<br />
Mark Ryan<br />
Tassal Sustainability Report <strong>2015</strong> 5
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