Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change
• Health and Safety
• Contamination Management
• Cultural heritage and communities
• Produced water

Environmental Achievements

• Completed emissions benchmarking across all operated assets
• Completed Fugitive Emissions Management Plan across all assets
• New Zealand Taranaki Regional Council assessed Beach’s environmental and consent administrative performance as ‘high’

Social Achievements

• Employee Engagement Survey completed with 87% participation rate showing significant improvements
• Launched Workplace Giving program
• Launched Wellbeing and Resilience program
• FY20 community investment contributions totalled $1.61m (64% increase on previous year), supporting 80 community organisations and directly benefitting 48,017 people.

Governance Achievements

• No reports received under the whistleblowing program in FY20
• No incidents of policy violations relating to bribery or corruption during the financial year
• Published an independent Tax Contribution Report and a Taxation Policy

Climate Goals & Targets

Environmental Challenges

• Devastating bushfires across Australia and the COVID-19 pandemic
• Volatility in the price of crude oil and natural gas
• Increased TRIFR (Total Recordable Injuries Frequency Rate) to 3.7

Mitigation Strategies

• Activated Crisis Management Team and established Business Continuity Team to ensure employee safety and minimal business disruption
• Implemented COVID-19 management plans across all operational sites
• Announced a prudent slowdown in investment activity
• Launched a ‘Finish Strong’ Campaign to support incident and injury-free performance
• Conducted a Safety Culture Survey to identify and address safety challenges

Supply Chain Management

Responsible Procurement

• Inclusion of appropriate commitments to not engage in modern slavery in contractor and supplier contracts

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards’ ‘Core’ option

Third-party Assurance: Ernst & Young (EY) - limited assurance

Environmental Metrics

ESG Focus Areas

• Better Society
• Better Environment
• Better Business

Environmental Achievements

• Reduced consumption of natural gas resulting in the reduction of 40,000 MTCO2e from greenhouse gas (GHG) inventory in Bangkok, Thailand.
• Reduction of 39,000 MTCO2e from GHG inventory in Sri Lanka by replacing furnace oil with biomass HWGs.
• 92% of waste from manufacturing sites diverted from landfill in FY21 (up from 86% in FY20).
• 100% renewable electricity at Lithuanian plant via a guarantee of origin power purchase agreement.

Social Achievements

• Repayment of recruitment fees to migrant workers in Malaysian manufacturing facilities.
• Lost time injury frequency decreased by 26%.
• Employee engagement rose to 70% (a four percentage point increase from 2019).
• Six-point improvement in Near Miss Frequency (per 100 employees per year).

Governance Achievements

• Developed a risk-based Supplier Management Framework to guide labour standards improvements in the supply chain.
• Further advancing alignment to the Task Force on Climate-related Financial Disclosures (TCFD) Recommendations and annual participation in the CDP assessment process.
• Established our Labour Standards Management System to set Ansell’s expectations and standards on labour rights at all sites.

Climate Goals & Targets

Environmental Challenges

• COVID-19 disruptions challenging supply chains and ways of doing business.
• Increased stakeholder emphasis on corporate impacts on biodiversity.
• Concerning incidents involving the supply chain and industry more broadly.
• Increased legislation relating to sustainability management.
• Energy consumption rose by 17% and water withdrawal by 13% due to increased production volumes during the COVID-19 pandemic.

Mitigation Strategies

• Implemented new safety protocols and partnered with public health authorities to protect workers during COVID-19.
• Developed a $23m portfolio of water, energy, and waste projects.
• Formalised senior responsibility and ownership of environmental measures by linking KPIs to environmental targets.
• Developed a Supplier Management Framework to improve labour practices and conditions for workers.
• Undertook foundational work to establish a strategy for significant longer-term reduction in carbon footprint, in line with the Paris Agreement.

Supply Chain Management

Supplier Audits: Third-party SMETA audits completed at 12 manufacturing sites; some suppliers also underwent four-pillar audits.

Responsible Procurement

• Supplier Code of Conduct
• Supplier Evaluation Form including questions on modern slavery
• Quality audit or third-party ethical audit as a pre-condition to onboarding for some suppliers

Climate-Related Risks & Opportunities

Physical Risks

• Droughts
• Storms and cyclones
• Floods

Transition Risks

• Increased climate-related regulatory requirements
• Increased stakeholder expectations
• Increased demand for low-carbon products
• Introduction of carbon pricing

Opportunities

• Increased demand for personal protection products
• Increased demand for low-carbon products
• Improvement in resource recovery and process efficiency

Reporting Standards

Frameworks Used: GRI Standards 2016, SASB

Certifications: ISO 14001

Third-party Assurance: Control Union International (GHG Inventory)

UN Sustainable Development Goals

• Goal 6 (Clean Water and Sanitation)
• Goal 7 (Affordable and Clean Energy)
• Goal 8 (Decent Work and Economic Growth)
• Goal 12 (Responsible Consumption and Production)
• Goal 13 (Climate Action)

Ansell's business is closely tied to healthcare; some raw materials and manufacturing processes are water-intensive; Ansell has a role to play in energy efficiency and renewables; Ansell makes a significant contribution to employment and economic growth; product stewardship is a focus area; Ansell supports the Paris Agreement.

Sustainable Products & Innovation

• HyFlex® 11-561 cut protection glove (30% lower carbon footprint)
• Gloves with recycled polyester yarn

Awards & Recognition

• Gold Award at Ansell Innovation Awards for recycled polyester yarn initiative.

Environmental Metrics

ESG Focus Areas

• Team
• Community
• Responsible Sourcing
• Circular Economy
• Climate

Environmental Achievements

• 2.4% Reduction in GHG emissions (Scopes 1 & 2) from FY21
• 58% recycling rate for waste material in Australian and New Zealand stores, support offices and distribution centres
• Increased Dow Jones Sustainability Index score from 60 to 62

Social Achievements

• Awarded the WGEA’s Employer of Choice for Gender Equality Citation for the second consecutive period
• Donated $150,000 to flood-affected communities
• One of only 12 ASX 300 companies awarded a B grade for Modern Slavery Statement

Governance Achievements

• Set a new target of zero emissions for Scopes 1 and 2 by 2030
• Enhanced vision, mission, and values to steward the organisation sustainably and inclusively

Climate Goals & Targets

Environmental Challenges

• COVID-19 impacts to logistics, absenteeism and consumer purchasing created peaks in workload raising the risk of manual handling injury
• Access to Factories severely restricted due to the pandemic, resulting in delays for audits
• Wide range of materials and limited access to consistent resource recovery options

Mitigation Strategies

• Implemented mandatory COVID-19 vaccinations
• Extended deadlines for Factories to demonstrate progress against corrective action plans
• Working with circular economy consultants to develop a Waste Strategy Roadmap and Waste Management Plan

Supply Chain Management

Supplier Audits: 91% of high-risk factories audited in the past two years

Responsible Procurement

• Responsible Sourcing Policy and Code
• Supplier self-assessments
• Independent audits

Climate-Related Risks & Opportunities

Physical Risks

• Floods
• Fires

Transition Risks

• Regulatory changes
• Market shifts

Opportunities

• Energy efficiency improvements
• Renewable energy investment

Reporting Standards

Frameworks Used: GRI Standards: Core option, TCFD, UNGC, SASB, APCO

Certifications: ISO 45001:2018

Third-party Assurance: EY

Sustainable Products & Innovation

• Ell&Voo activewear made with recycled materials
• Degradable gift cards

Awards & Recognition

• National Retail Association’s Sustainability Champion of the Year (Macpac)

Environmental Metrics

ESG Focus Areas

• Safety
• Community Impact
• Climate Change
• Employee Attraction and Retention
• Water Availability
• Animal Welfare
• Waste Management
• Corporate Governance
• Innovation and Technology

Environmental Achievements

• Achieved 100% renewable electricity in all Australian sites by 2025 (ahead of target)
• Decommissioned diesel-fueled boiler at Killara Feedlot, eliminating up to 2,000 tCO2e per annum
• Killara Feedlot 500kW solar farm in development (operational in early FY23)
• 41,000+ agricultural chemical containers collected for reuse or recycling
• 9.9 tonnes of plastic bags collected for recycling through Big Bag Recovery
• 1,600 drums collected for drumMUSTER

Social Achievements

• Record high employee engagement, enablement, and effectiveness scores
• $2.69 million in sponsorships and donations, including over $1 million to agriculture industry and innovation
• 658 new employees hired
• 201 rural and regionally based employees supported through Retail Academy
• Launched practical training for manual handling and livestock handling
• Reviewed risk controls around psychosocial hazards and trained selected staff in mental health first aid

Governance Achievements

• Evolution of Board Work Health and Safety Committee to Board Safety and Sustainability Committee (meeting quarterly from 2023)
• Joined the Australian Packaging Covenant Organisation (APCO)
• Completed qualitative climate change scenario analysis
• Identified and quantified select categories of Scope 3 emissions

Climate Goals & Targets

Environmental Challenges

• Increase in Lost Time Injuries (LTIs) to 6 (from 3 in FY21)
• Reducing emissions from cattle
• Managing waste comprehensively across geographically diverse operations
• Increasing representation of women in management
• Climate change impacts on crop yields, livestock production, and severe weather events
• Water availability impacting farm operations
• Managing risks associated with agricultural chemical use

Mitigation Strategies

• $3.3 million invested in safety capital expenditure
• Implementation of a plan for all branches to host a defibrillator
• Industry collaboration on beef supply chain emissions mapping
• Development of a waste management strategy to track group-wide performance
• Internal gender pay equity review and salary increases
• Introduction of paid family and domestic violence leave
• Implementation and improvement of WHSMS
• Agronomic and livestock production advisory services to support clients in adapting to climate change
• Diversification of product range
• Partnerships with AgTech providers for efficient water use
• Risk assessments and extended due diligence on high-risk suppliers

Supply Chain Management

Supplier Audits: 163 ethical contracting risk assessments, 13 site audits on key suppliers in China and India

Responsible Procurement

• Ethical Contracting Framework
• Responsible Sourcing Code

Climate-Related Risks & Opportunities

Physical Risks

• Crop yield impacts from drought, heat, pests, and diseases
• Livestock production affected by drought, heat stress, and floods
• Severe weather events damaging infrastructure and assets
• Water scarcity impacting farm operations

Transition Risks

• Policy and legal changes (e.g., carbon charges)
• Market shifts to 'green' products
• Liability risks

Opportunities

• Development of climate-resilient products and services
• Growth in carbon farming advisory services
• Expansion of consultancy services for herd stocking strategies

Reporting Standards

Frameworks Used: GRI Standards (Core option), TCFD Recommendations

Third-party Assurance: Ernst & Young (limited assurance)

UN Sustainable Development Goals

• 2.4
• 3.8
• 5.5
• 7.2
• 8.7
• 8.8
• 9.5
• 12.5
• 13.1
• 13.3

Elders' initiatives contribute to these SDGs through supporting sustainable food production, health and wellbeing, gender equality, renewable energy, ethical labor practices, innovation, waste reduction, climate change resilience, and education

Sustainable Products & Innovation

• Climate-resilient plant varieties
• Heat-tolerant livestock breeds
• Water-efficient irrigation equipment

Environmental Metrics

ESG Focus Areas

• Climate action
• Rethink resources
• Restore nature
• High-performing talent
• Deep customer partnerships
• Strong communities
• Healthy places
• Shared success
• Sustained returns

Environmental Achievements

• 54% reduction in absolute carbon emissions against FY17 baseline year.
• 100% renewable electricity supplied to workplaces, and Office and Industrial & Logistics assets in operational control.
• Group-wide renewable Power Purchase Agreement signed to enable the supply of 100% renewable electricity from offsite renewable development projects to all assets in operational control from 2024.
• 47.2MW of rooftop solar installed across the entire portfolio.
• Maintained Australia’s largest Green Star rated footprint (5.2m sqm of Green Star ratings, up 25% since FY21)

Social Achievements

• Launched Stage One: Reflect Reconciliation Action Plan.
• 191 employment outcomes for vulnerable Australians, exceeding target by 91%.
• 88% employee engagement score above global high-performing norm.
• $1.4m of space provided in-kind to community organisations.
• $1.28m invested in the community including $578k disaster relief
• Social Procurement recognition 2022 Social Traders Game Changer Award (NSW/ACT)

Governance Achievements

• All employees received training on governance and risk management policies, including the Code of Conduct.
• $2.5bn Sustainable Finance transactions to date.
• TCFD response second aligned report launched and Climate Scenarios evolved

Climate Goals & Targets

Environmental Challenges

• Extreme weather events increasing in frequency and scale of impact.
• Ongoing impacts of COVID-19.
• Higher inequality and poverty.
• Increased electricity and fuel prices.
• Transitioning to a low embodied carbon circular nature positive economy.

Mitigation Strategies

• Actively partnered to ensure assets remained relevant.
• Focused community investment on resilience, including crisis relief, food security and vaccinations initiatives.
• Actively partnering to install onsite solar and securing grid-supplied renewables through long-term PPA.
• Engaging with upstream suppliers to design out embodied carbon through supply chain and procurement activities, as well as partnerships with customers on clean energy to mitigate downstream Scope 3 emissions.

Supply Chain Management

Supplier Audits: 31 out of 33 high-risk suppliers completed Property Council pre-qualification survey.

Responsible Procurement

• Supplier Code of Conduct
• Modern slavery clauses in supplier agreements
• Procurement of sustainably delivered services, products and materials
• Promoting supply chain practices that align with circular economy principles

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events
• Flooding
• Heat exposure
• Drought
• Storms

Transition Risks

• Changes in climate and energy policies
• Shift to low-carbon technologies
• Changes in liability issues

Opportunities

• Investment in sustainable business growth and returns
• Renewable energy procurement
• Energy efficiency improvements

Reporting Standards

Frameworks Used: GRI, UN SDGs, TCFD, UNGC

Certifications: Null

Third-party Assurance: PricewaterhouseCoopers (PwC)

UN Sustainable Development Goals

• SDG 6
• SDG 7
• SDG 11
• SDG 12
• SDG 13

Aligned with UN Secretary General’s climate-positive actions.

Sustainable Products & Innovation

• Autom8 (contactless retail sales collection solution)

Awards & Recognition

• Frank Lowy Fellowship
• Best Health and Wellbeing Program at the Australian HR Awards
• Social Traders Game Changer Award (NSW/ACT)
• WGEA Employer of Choice for Gender Equality
• Bronze employer status for LGBTI+ inclusion in the Australian Workplace Equality Index

Environmental Metrics

ESG Focus Areas

• Food and nutrition
• Packaging
• Water sustainability
• Greenhouse gas emissions
• Diversity, equality and inclusion

Environmental Achievements

• Increased from over 82% of total packaging by weight which is reusable, recyclable, or compostable in FY2022, to over 88% in FY2023.
• Bega Group’s absolute scope 1 and 2 greenhouse gas emissions were 254,162 tonnes of carbon dioxide equivalent, representing a reduction of 14.9% on our baseline year of FY2021 and towards our target of 40% by 2030.
• Removed polyvinyl chloride (PVC) packaging from our cheese slice clamshell packaging in 2022.
• Commenced a national roll out of recycled polyethylene terephthalate (rPET) in our less than 1 litre bottles of Dare Iced Coffee, Big M and Dairy Farmers Classic milk-based beverages.
• Started using 50% recycled high density polyethylene (rHDPE) in our two and three litre white milk bottles.
• Transitioned our yoghurt tubs from polystyrene (PS) to Polypropylene (PP) and Polyethylene Terephthalate (PET).

Social Achievements

• Launched products designed to improve health outcomes for consumers with specific needs, such as lactose intolerance, as well as broader public health needs.
• Launched new “no added sugar” products.
• Launched products with higher protein, prebiotics, and probiotics in our yoghurts.
• Launched a Bega-branded, plant-based cheese product, the first Australian made and owned, mainstream branded vegan cheese in the Australian market.
• Donated more than 886,000 kilograms of products and 230,000 litres of fresh white milk to Foodbank programs.
• Developed and launched our recognition platform, B Valued.

Governance Achievements

• From 1 July 2023, a Risk and Sustainability Committee will be responsible for managing our impacts on the economy, environment and people.

Climate Goals & Targets

Environmental Challenges

• Global dairy commodity prices were extremely volatile in FY2023.
• Rise in energy and fuel prices, increased costs of packaging and logistics and the notable increase in farmgate milk prices.
• Supply chain disruptions associated with extreme weather events, such as flooding in the Goulburn Valley region of Victoria.
• Safety performance.
• Access to labour at our food processing sites, and in the agriculture sector more broadly.

Mitigation Strategies

• Business continuity planning was required to deal with supply chain disruptions.
• Continued to integrate the Bega Dairy and Drinks business and align our safety management systems.
• Launched our six Life Saving Rules.
• Safety culture transformation program with assistance from independent consultants, dss+.
• Developed and communicated our Bega Group safety logo and commitment ‘Always Safe Together’.

Supply Chain Management

Supplier Audits: 56 audits for food safety of our suppliers in FY2023. 120 medium to high risk suppliers completed the SAQ. 66% of high risk suppliers completed an independent SMETA audit.

Responsible Procurement

• Code of Conduct
• Ethical Sourcing Policy
• Supplier Ethical Data Exchange (SEDEX)

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Reporting Standards

Frameworks Used: GRI Standards (2021), SASB Standard for Processed Foods (2018)

Third-party Assurance: Environmental Resources Management Pty Ltd

UN Sustainable Development Goals

• Goal 2: Zero Hunger

Our purpose statement – creating great food for a better future – frames our policy approach and focus areas in sustainable development. A better future means a better future for all of our stakeholders including our shareholders, our farmers and suppliers, our people, our customers and consumers and the communities in which we operate. A better future also means a better future for the environment on which we depend, the society in which we operate and the economy to which we contribute.

Sustainable Products & Innovation

• Plant-based cheese
• Products with higher protein, prebiotics, and probiotics

Awards & Recognition

• Four Bega products won awards in the Australian Healthy Food Guide Awards in 2022.

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Zero organisational scope 1 and 2 emissions
• 5.5-star rating for organisational NABERS energy co-assessment
• Certified carbon neutral by Climate Active for business operations in 2021-2022
• Solar renewable energy systems installed on 83% of Arena’s property portfolio
• 13% reduction in emissions intensity of Arena’s assets under management

Social Achievements

• Achieved gender balance for the Arena board using the 40:40:20 model
• Independently benchmarked team alignment and engagement survey achieved top quartile ranking in employee engagement and top decile ranking for alignment
• Delivered inaugural voluntary Modern Slavery Statement
• Renewed community partnership with RizeUp

Governance Achievements

• ISS QualityScore Governance rating improved to 1/10, the highest possible rating
• FTSE Russell ESG Governance Score improved to 5/5, the highest possible rating
• Completed year one of our three year Modern Slavery roadmap

Climate Goals & Targets

Environmental Challenges

• Rapidly changing external economic environment arising from inflationary pressures, rapid interest rate increases, cost and wages pressures and labour shortages
• Physical impacts of climate change
• Transition risks from policy and regulatory developments
• Volatility in continuity and prices of electricity and gas

Mitigation Strategies

• Maintained discipline across our capital, leasing and portfolio management strategies and successfully managed operating costs
• Developed a detailed transition plan including an emissions reduction roadmap for our operations and asset portfolio by FY25
• Completed inaugural Physical Climate Risk Assessment
• Continued implementing climate risk-related considerations and progressing our TCFD pathway
• Collaborating with tenant partners to prioritise solar renewable energy investments
• Maintaining strong relationships with tenant partners with regular engagement on important topics

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Developed a preferred modern slavery clause to be included in new or reviewed service agreements

Climate-Related Risks & Opportunities

Physical Risks

• Increased cost of insurance due to extreme weather events
• Direct property damage from extreme weather events
• Disruption to tenant operations due to extreme weather events

Transition Risks

• Emerging regulation
• Negative perceptions of climate change response
• Shifting tenant preferences
• Volatility in continuity and prices of electricity and gas

Opportunities

• Resilience Partnerships
• Resilience Reputation
• Resilience
• Energy Source

Reporting Standards

Frameworks Used: GRI Standards, SASB framework, TCFD, UN SDGs

Certifications: Climate Active (carbon neutral for business operations 2021-2022)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• SDG 3
• SDG 4
• SDG 5
• SDG 7
• SDG 8
• SDG 11
• SDG 13
• SDG 16

See pages 51-55

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Circularity
• Community
• Collaboration

Environmental Achievements

• Reduced absolute scope 1 and 2 greenhouse gas emissions by 18.92% from FY2021 baseline.
• Achieved 93% reusable, recyclable, or compostable packaging in CY2023.
• Reduced non-recyclable rigid polystyrene packaging by more than 50%.

Social Achievements

• Launched Bega Respect Statement.
• Launched Bega Gender Equity Network (GEN).
• Donated more than 996,000 kilograms of products to Foodbank (nearly 1.7 million meals).

Governance Achievements

• Refreshed materiality assessment.
• Completed gap assessment against mandatory climate-related financial reporting requirements.
• Implemented improved incident management system for food safety, quality and environment.

Climate Goals & Targets

Environmental Challenges

• Local farmgate milk prices disconnected from global dairy commodity prices.
• Inflationary pressures and higher input costs.
• Less out-of-home consumption by consumers.
• Safety performance improvements needed.
• Scope 3 emissions accounting challenges.
• Insufficient recovery rates and reprocessing at scale for packaging.

Mitigation Strategies

• Management restructure to align business with branded strategy and improve efficiencies.
• Focus on growing core categories and delivering supply chain efficiencies.
• Continued investment in safety, focusing on manual handling, machine guarding, and traffic management.
• Partnership with Bega Circular Valley and Regional Circularity Co-operative to understand on-farm emissions.
• On-farm data collection trial to prepare for mandatory scope 3 reporting.
• Reviewing packaging targets to align with APCO 2030 strategic plan.
• Investing $14 million to establish in-house production of rPET bottles.

Supply Chain Management

Supplier Audits: 63 audits for food safety; SMETA audits at selected sites every two years.

Responsible Procurement

• Code of Conduct
• Ethical Sourcing Policy
• Supplier Responsible Sourcing Code
• SEDEX
• Annual ethical sourcing self-assessment questionnaire (SAQ)
• Quarterly business reviews with major suppliers
• Sustainable Palm Oil Sourcing Policy
• Rainforest Alliance certification for coffee

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Transition Risks

• Regulatory changes, market shifts

Reporting Standards

Frameworks Used: GRI Standards (2021), SASB Standard for Processed Foods (2018)

Certifications: ISO 14001:2015 (18 sites)

Third-party Assurance: PricewaterhouseCoopers (limited assurance on selected data)

Sustainable Products & Innovation

• Dare Oat Milk
• Recycled plastic bottles

Awards & Recognition

• 13 Healthy Food Guide Awards

Environmental Metrics

ESG Focus Areas

• Animal health and welfare
• Employee health, safety and wellbeing
• Employee engagement and development
• Inclusion, equity and diversity
• Human rights and modern slavery
• Community investment
• Climate action
• Sustainable agriculture and biodiversity
• Water stewardship
• Waste and sustainable packaging
• Sustainable procurement
• Consumer engagement and education
• Consumer health and nutrition
• Product safety

Environmental Achievements

• 30% reduction in waste to landfill intensity (FY30 target met six years early)
• Commissioned Osborne Park water treatment plant, enabling 40% water reuse
• Achieved 56% average recycled content in packaging (exceeding 50% target ahead of schedule)
• Reduced Scope 1 and 2 greenhouse gas emissions intensity by 29% since FY19

Social Achievements

• Launched Reflect Reconciliation Action Plan
• Provided mental health first aid training at 75% of sites
• Reduced total recordable injury frequency rate (TRIFR) by 7%
• Reduced customer complaints by more than 5% year-on-year, on average, since FY19
• Launched Connect and Aspire employee development programs

Governance Achievements

• Agreed first Sustainability Linked Loan (SLL), linking interest rate to GHG emissions, water, and waste targets
• Achieved A or AA Global Food Safety Initiative (GFSI) and Brand Reputation through Compliance Global Standard (BRCGS) certification for 100% of sites

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions due to extreme weather events (drought, floods, fires)
• Rising operating costs (salaries, utilities, husbandry, ingredients, repairs)
• Changing consumer preferences and increasing demand for plant-based proteins
• International extreme climate events (particularly drought in South America impacting feedstock)
• Lack of commercially viable low-carbon feed substitutes

Mitigation Strategies

• Investing in automation to improve productivity and safety
• Developing alternative sourcing strategies for feedstock
• Implementing cost-saving initiatives
• Strengthening customer relationships and diversifying revenue streams
• Developing a Scope 3 emissions reduction target
• Investing in climate-resilient assets
• Exploring onsite renewable energy projects

Supply Chain Management

Responsible Procurement

• Inghams Supplier Code of Conduct
• Partnership with Muru for office supplies

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events (drought, floods, fires)
• Heat stress on animals and people
• Supply chain disruptions

Transition Risks

• Increasing environmental regulations
• Changing consumer preferences
• Increasing costs of procurement

Opportunities

• Development of alternative feedstock
• Circular economy initiatives
• Onsite renewable energy generation

Reporting Standards

Frameworks Used: Global Reporting Initiative (GRI), International Sustainability Standards Board (ISSB), Draft Australian Sustainability Reporting Standards (ASRS), Task Force on Climate-related Financial Disclosures (TCFD)

Certifications: RSPCA Approved (Australia), SPCA Certified (New Zealand), Global Food Safety Initiative (GFSI), Brand Reputation through Compliance Global Standard (BRCGS)

Third-party Assurance: Bureau Veritas (limited assurance on key environmental KPIs)

Sustainable Products & Innovation

• Net zero certified brands in New Zealand