For over 97 years, Oceana has developed a deep respect for the relationship between fishing rights and sustainable value. This informs every aspect of our business; how we fish, who benefits, the efficiency with which fishing is done and the sustained flow of social and economic benefit to participants. Together these elements represent the cornerstones of Oceana’s Sustainability Strategy and our ability to optimise the delivery of societal value through the business.

2015 performance summary

  • 99,5% of our targeted South African commercial fishing rights are on the SASSI green list
  • Included on the JSE SRI Index for 10 consecutive years
  • Promotion and facilitation of an Ecosystems Approach to Fishing
  • Addressing the impact of climate change on the business and actively engaging the group in reducing our impact on climate change through energy reduction initiatives
  • Recommitment to the UNGC
  • Hake deep-sea trawl fishery MSC-accredited
  • Hake operations retained MSC chain of custody certification
  • ISO 14000 compliant Environmental Control System
  • Disclosure score on CDP of 98% (2014: 97%)

In fulfilling our commitment to reducing our environmental impact and use natural resources more sustainably, we have focussed on the following key performance areas:

Promoting and enhancing a responsible ecosystems approach to fishing (EAF)

  • We recognise that promoting EAF is critical to enhancing our global competitiveness, ensuring long-term sustainability and maintaining our ability to create shared value.
  • To this end we have participated in a number of initiatives which promotes EAF within our fishery: these initiatives include: partnering with the WWF and RFA to determine the ecological state of our fishing resource, assisting DAFF with scientific research and driving our zero tolerance to illegal and unregulated fishing.
  • Oceana conforms to the requirements of two, strategic certification bodies: The Marine Stewardship Council (MSC) and the International Fishmeal and Fish Oil organisation (IFFO). Our hake operation has the MSC custody of chain certification, which is considered the world’s premier ecolabelling initiative for fishing.

Climate change awareness and adaptation measures

  • In 2014 we compiled a climate change risk and vulnerability report. The risks identified through this process have been incorporated into the Oceana Risk Register, and are being integrated into the various functional and division level risk registers. By doing so we hope to promote the inclusion of climate change risk into the business strategy and long-term decisions.

Improving energy efficiency and reducing consumption of non-renewable energy

  • A group-wide energy reduction plan – with short, medium and long-term targets linked to energy efficiency projects and renewable energy projects – was developed to ensure that the targets set can be met. Each division’s targets differ as the utilisation of energy varies by division.
  • The promotion of the efficient use of non-renewable energy resources is the foundation of the energy reduction plan.
  • The year saw a pleasing response to the implementation of the short term energy reduction and efficiency projects such as – energy use audits, implementation of monitoring measures and system, shift to energy efficient lighting systems.

Maintaining our position on the Carbon Disclosure Leadership Index

  • We have participated in the CDP (formally known as the Carbon Disclosure Project) for six consecutive years and have achieved year-on-year increases to our disclosure score: 2015: 98%; 2014: 97%; 2013: 95%.
  • To maintain our high level of CDP disclosure, we introduced quarterly reporting on energy costs, environmental expenditure and cost savings from environmental initiatives in 2014. This will be further enhanced by a monthly reporting system for energy costs and environmental expenditure, scheduled for implementation in the 2016 reporting period.

United Nation Global Compact (UNGC) Signatory

  • The UNGC, of which Oceana has been a signatory since 2012, identifies universal human rights best practice associated with labour, health and safety, procurement environment, land management, security and anti-corruption and requires that we annually report on our progress made in meeting the ten principles associated with the aforementioned focus areas.
  • In 2015 we reassessed our human rights compliance in terms of the requirements on the UNGC. Compared to our 2014 assessment, we have improved our compliance level across the 10 principles with significant strides made in the Environmental and Health, Corruption and Bribery and Supply Chain Management focus areas. From a legislative perspective, we are compliant with all applicable legislation within the countries we operate.

Responsible use and disposal of water

  • We regularly monitor and report on our water use and disposal quantities and qualities. We have submitted the required Coastal Water Discharge Permits application and are actively engaging with the Department of Environmental Affairs to expedite issuing of the relevant permits. In the interim we continue with our existing monitoring programme.

Minimising waste generation and responsible disposal of waste

  • We are committed to the responsible management and disposal of waste, and to decreasing the amount of waste generated by our operations and products. This commitment delivers on our efficiency as a business, may help to reduce costs and enables us to improve our positive contribution to society.
  • We continue to identify and implement recycling and reuse initiatives across the business, to reduce the volume of waste that is sent to landfill. We seek to ensure that all waste for landfill is suitably disposed of at a licensed landfill site.
  • Quantitative data on the waste recycled at each of our divisions this year, as well as the solid waste sent to landfill, has been included in our Sustainable Development Report.