Climate Change Data

Environmental Metrics

ESG Focus Areas

• Reducing environmental impact (water, energy, GHG emissions)
• Workforce health, safety, and wellbeing
• Best practice animal welfare
• CSR as a driver of employee engagement and performance

Environmental Achievements

• Completion of a 100% recyclable water closed-loop system at Murgon hide facility
• Four of six processing plants operate using renewable energy (biogas), reducing reliance on non-renewable energy
• 14.5% reduction in total GHG emissions compared to FY2015

Social Achievements

• Rolled out 'golden rules' to ensure employee safety
• Opened a new Fitness and Conditioning Centre in Tamworth
• New EBAs for Beenleigh, Biloela, Tamworth, and Wagga processing facilities
• 6% increase in employee engagement score (to 61%)

Governance Achievements

• Zero reports of unacceptable or illegal behavior since implementing whistleblower policy
• Updated risk profile, strategic and operational risk registers
• Developed a three-year internal audit strategy; six internal audits conducted

Climate Goals & Targets

Environmental Challenges

• Unprecedented market volatility and difficult trading conditions
• Tight cattle supply, record high Australian cattle prices
• Rising US beef production, downward correction in US cattle prices
• Deterioration in price competitiveness of Australian beef internationally
• Sliding per capita beef consumption
• Threat from South American competitors

Mitigation Strategies

• Reconfigured production shifts to align with supply constraints
• Focus on long-term strategic partnerships and vertically integrated business model
• Aggressive management of operating expenses through utility efficiency, innovative automation technology, and flexible employee relations arrangements

Supply Chain Management

Supplier Audits: 70 external audits conducted

Responsible Procurement

• More than 90% of cattle sourced directly from producers

Climate-Related Risks & Opportunities

Physical Risks

• Seasonal variations in Australian weather conditions

Transition Risks

• Regulatory risks and Policy Direction
• Costs associated with complying with tighter performance standards and reporting costs

Opportunities

• Development and provision of new technology and products to address challenges related to climate change
• Competitive Advantage Opportunities

Reporting Standards

Frameworks Used: GRI G4

Certifications: AAWCS

Sustainable Products & Innovation

• Grasslands brand beef

Awards & Recognition

• Highly Commended certificate in the 2016 Premier’s Sustainability Awards, Business Eco Efficiency Category (Murgon facility)

Environmental Metrics

ESG Focus Areas

• Animal Welfare
• Environmental Stewardship
• Climate Action
• Workplace Health and Safety
• Employee Well-being
• Community Engagement
• Economically Resilient Business
• Governance
• Food Safety

Environmental Achievements

• 14.9% reduction in carbon intensity for primary processing compared to the baseline year (2017)
• 15.38% of energy needs from internal renewable infrastructure

Social Achievements

• Zero fatalities
• Over $1m invested in employee training
• Pay parity across workforce
• Annual Modern Slavery Statement published

Governance Achievements

• Governance Risk Compliance Framework implemented
• Cyber Security and Privacy Policies in place
• SEDEX Members Ethical Trade Audits (SMETA) conducted

Climate Goals & Targets

Environmental Challenges

• Reduced throughput impacted progress on energy and water intensity goals
• Challenges with biogas utilization and coal quality increased emissions
• Data limitations in the 2017 baseline NGERS reporting
• Management of sprains and strains due to labor-intensive tasks

Mitigation Strategies

• Investments in refrigeration efficiency, LED lighting, and thermal system optimization
• Implementing early intervention strategies for musculoskeletal injuries
• Investigating new meat and packaging technologies to reduce waste
• Improved data collection and reporting methods

Supply Chain Management

Responsible Procurement

• Rigorous supplier approval process
• Teys Standard Supplier Terms and Conditions
• Encouraging sustainable practices among suppliers

Climate-Related Risks & Opportunities

Physical Risks

• Climate impacts on production variability

Opportunities

• Renewable energy investments

Reporting Standards

Frameworks Used: GRI Universal Standards 2022

Certifications: AAWCS, BRCGS, NFAS

Awards & Recognition

• Several brand awards at Sydney Royal Fine Food Show and World Steak Challenge
• Jindalee Feedlot awarded Australian Feedlot of the Year 2021

Environmental Metrics

ESG Focus Areas

• Animal Welfare
• Environmental Stewardship
• People and Communities
• Economic Resilience
• Governance

Environmental Achievements

• 14.3% reduction in carbon intensity for reported primary processing compared to the baseline year (2017)
• 18.9% of energy needs from internal renewable infrastructure
• 2MW solar installation at Tamworth facility, reducing electricity consumption by approximately 30%

Social Achievements

• Zero workplace fatalities
• Invested $2.3 million in training
• 9th consecutive year of compliant Workplace Gender Equality Agency (WGEA) reporting
• Pay parity across the workforce
• Annual Modern Slavery Statement published

Governance Achievements

• Governance Risk Compliance Framework implemented
• Cyber Security and Privacy Policies in place
• SEDEX Members Ethical Trade Audits (SMETA) conducted
• BRCGS Audit completed

Climate Goals & Targets

Environmental Challenges

• Reduced throughput impacted progress on energy and water intensity goals
• Challenges with wastewater treatment performance increased emissions
• Accuracy of emission data in the 2017 baseline NGERS reporting
• Managing sprains and strains in joints and adjacent muscles due to labor-intensive tasks

Mitigation Strategies

• Investing in energy efficiency and renewable projects
• Upgrading wastewater treatment systems
• Improving reporting accuracy of emissions data
• Early intervention strategies for musculoskeletal injuries, ergonomic practices, and exploring automation

Supply Chain Management

Responsible Procurement

• Rigorous supplier approval process
• Teys Standard Supplier Terms and Conditions
• Encouraging sustainable practices among suppliers

Climate-Related Risks & Opportunities

Physical Risks

• Climate impacts as the biggest driver of production variability in agriculture

Reporting Standards

Frameworks Used: GRI Universal Standards 2022

Certifications: AAWCS, NFAS, BRCGS, AUS-MEAT, Australian Trusted Trader

Awards & Recognition

• Medals at Sydney Royal Fine Food Show and World Steak Challenge