Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Ranked No. 1 green-rated cannery in the Philippines by Greenpeace in 2018 and 2020.
• Participated in International Coastal Clean-up Day, cleaning 3,949 sq. meters of foreshore.
• Implemented wastewater treatment facility to ensure safe release of effluents.

Social Achievements

• Implemented employee care programs such as Mobile Palengke, Shuttle Service, and Green Project.
• Launched Alliance Select Foods to the Future Scholarship Program.
• Adopted Changco Elementary School and provided COVID-19 relief efforts.

Governance Achievements

• Zero incidents of corruption involving directors, employees, or business partners.
• 100% of employees and business partners communicated with regarding anti-corruption policies and procedures.
• 100% of directors and management received anti-corruption training.

Climate Goals & Targets

Environmental Challenges

• Decline in tuna and salmon segment revenues due to lower prices and disposal of equity investment in Spence.
• Labor shortage in ASFII leading to production inefficiency.
• Risks related to tuna and salmon supply, competition, quality assurance, leasing of land and facilities, contractual arrangements, and the COVID-19 pandemic.

Mitigation Strategies

• Expanding supplier base and strengthening relationships with key suppliers.
• Implementing efficiency improvement initiatives.
• Establishing itself as a producer of high-quality products.
• Deploying a Business Continuity Plan to address the COVID-19 pandemic.
• Entering into long-term contracts with landowners.

Supply Chain Management

Responsible Procurement

• Sourcing tuna from healthy and well-managed stocks using best practices.
• Supporting Fisheries Improvement Projects (FIPs).
• Adhering to ISSF’s common ground philosophy for Tuna Sustainability.
• Dolphin Safe and Shark Finning policies.

Climate-Related Risks & Opportunities

UN Sustainable Development Goals

• Goal 7 (Affordable and Clean Energy)
• Goal 13 (Climate Action)
• Goal 14 (Life Below Water)

Sustainable sourcing practices, waste management, and community engagement initiatives contribute to these goals.

Sustainable Products & Innovation

• Bay of Gold premium tuna line

Environmental Metrics

ESG Focus Areas

• Operations and Resources Efficiency
• Supply Chain Management
• Customer Service and Management
• Corporate Governance
• Economic Contribution
• Tuna Procurement Practices
• Product Quality
• Employee Training and Development
• Business Continuity
• Employee Benefits
• Relationship with Community
• Data Privacy
• Water, Energy Resource and Waste Management
• Climate Change
• Crisis Management
• Occupational Health and Safety
• Employee Welfare

Environmental Achievements

• Installation of a 600 kWp solar power system generating 800 MWh of electricity annually, reducing carbon emissions by over 4,100 tons.
• Improved fish thawing process minimizing water usage and shortening thawing time.
• Purchased new water hoses with smaller diameters to control water output.
• Use of Tray Washers instead of manual washing, reducing water consumption by 65%.
• Reduction of paper use by migrating most printed forms to online format.
• Ban on disposable water bottles in the cafeteria.
• Participation in Earth Hour.

Social Achievements

• Launched “Ako Mismo!” theme to empower employees and encourage initiatives.
• Implemented flexible working arrangements during the COVID-19 pandemic.
• Provided additional seven-day fully paid Quarantine Leave for COVID-19 exposure or illness.
• Implemented flexible work schedules and rotation of employees.
• Assisted employees in securing relief assistance under the CAMP program.
• Provided webinars to boost employee morale.
• Company-provided shuttle service for employees.
• Vegetable gardening activity for employees.
• Continued support to Changco Elementary School through the Adopt-a-School program.
• Bay of Gold Scholarship Program for BS Marine Biology or BS Fisheries students.

Governance Achievements

• Zero incidents of corruption involving directors, employees, or business partners.
• 100% of employees and business partners communicated with regarding anti-corruption policies and procedures.
• 100% of directors and management received anti-corruption training.
• 100% of employees received anti-corruption training.
• Formal Data Privacy Impact Assessment conducted and Data Privacy Policy disseminated.

Climate Goals & Targets

Environmental Challenges

• 35% lower revenues in 2021 compared to 2020 due to increased freight rates, competition, and Akaroa divestment.
• COVID-19 pandemic impacting operations and employee well-being.
• Fish depletion in oceans and increase in by-catch.
• Sudden breakdown of equipment in wastewater treatment facility.

Mitigation Strategies

• Implemented measures to reduce selling and administrative expenses.
• Managed costs to cushion the impact of low gross profit.
• Formed a business continuity committee (“Plan B”) to address challenges posed by the pandemic.
• Implemented measures to curb the spread of COVID-19 within the plant.
• Implemented employee programs such as “Mobile Palengke” and “Free Shuttle Service”.
• Improved production efficiency, reduced headcount, lower maintenance costs, and utility consumption.
• Better recovery rates.
• Use of pumps, motors and primary sedimentation tanks to contain waste during equipment breakdowns.
• Regular maintenance and inspection of equipment to curb greenhouse gas release.
• Installation of pollution control devices (scrubbers) in chimneys.
• Use of collected sludge as fertilizer in a vegetable garden.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Dolphin Safe policy
• No shark finning
• No forced or bonded labor
• No child labor
• Adherence to ILO Core Conventions
• Fair labor practices
• No precarious employment
• No discrimination
• Respect for freedom of association and grievance
• Decent working hours
• Ethical business behavior
• Occupational health and safety
• Special protection for young workers
• Environmental protection and fishing ground conservation

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Bay of Gold tuna and salmon products

Awards & Recognition

• Greenpeace Green Rating

Environmental Metrics

ESG Focus Areas

• Employee security, health, safety, and wellness
• Human rights and labor practices
• Occupational and process safety
• People, culture, and leadership
• Workplace diversity and inclusion
• Climate protection
• Energy
• Protection of ecosystems
• Waste reduction
• Water stewardship
• Community Support
• Customer management
• Profitability
• Product quality and safety
• Responsible and transparent R&D
• Sustainable supply chain management
• Board composition and oversight
• Business ethics and integrity
• Data security and governance
• Regulatory changes and compliance

Environmental Achievements

• Reduced carbon emissions by over 4,100 tons annually through solar power
• Improved wastewater treatment facility
• Transformed vacant spaces into vegetable gardens producing 549 kilos of vegetables
• Greenpeace-green-rated cannery in the Philippines
• Recipient of SBPS Baybay Award for environmental compliance

Social Achievements

• Launched vegetable garden initiative providing healthy meals for workers
• Hosted Parol Making Contest promoting sustainability and Filipino culture
• Organized various employee engagement activities (Summerlympics, Health & Wellness Program, Halloween celebration, Christmas celebrations)
• Makipasko sa Changco Christmas event for Changco Elementary School students
• Partnership with Allied Employees Multi-Purpose Cooperative supporting Batang Malaya Project

Governance Achievements

• Received two awards on Corporate Governance from the Institute of Corporate Directors
• Recognized as a top-performing publicly-listed company in the Philippines under the 2022 ACGS (ASEAN Corporate Governance Scorecard) category
• 100% of employees and business partners communicated with regarding anti-corruption policies
• 100% of directors and employees received anti-corruption training
• Zero incidents of corruption

Climate Goals & Targets

Environmental Challenges

• Limited salmon supply in 2023
• Higher cost of direct materials in Q1 to Q3 2023
• Higher interest rates diluting better operating income

Mitigation Strategies

• Suspended replenishing supermarket stocks and serving food service customers (salmon)
• Favorable fish cost in Q4 2023 and lower manufacturing overhead mitigated higher direct material costs
• Continues cost control and management

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Dolphin Safe policy
• No shark finning
• No forced or bonded labor
• No child labor
• Adherence to ILO Core Conventions
• Fair labor practices
• Environmental protection and sustainable resource management
• Compliance with BFAR and RFMO regulations

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Use of renewable energy (solar)

Reporting Standards

Frameworks Used: Null

Certifications: Halal, MSC (Marine Stewardship Council)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Bay of Gold tuna and salmon products

Awards & Recognition

• IDCP Halal Loyalty Award
• ACGS Golden Arrow Award
• Plaque of Recognition from MAGSIGE MPC
• SBPS Baybay Award