Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental Responsibility

Climate Goals & Targets

Environmental Challenges

• Drought conditions impacting Murray Darling Food Company's operations.

Mitigation Strategies

• Murray Darling Food Company invested in 4 new center pivot irrigation systems to combat drought conditions.

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks

• Drought conditions

Environmental Metrics

ESG Focus Areas

• Environment
• Community
• Innovation

Environmental Achievements

• Kempsey Central rooftop solar system completed
• Coffs Central green waste composting system completed
• Port Central green waste composting system completed
• Gowings SHI contributed 1% of sales to the Gowings Whale Trust to support ocean conservation
• Gowings SHI launched a new range of eco-blend products featuring plastic-free, bio-based materials and recycled packaging
• All centre lighting converted to LED
• Installation of two 400kW rooftop solar systems at Port and Coffs Central, and a 99kW system at Kempsey Central

Social Achievements

• NSW Government’s legislated retailer support package: Gowings provided approx. $450,000 support to qualifying retailers
• Gowings Whale Trust established in 2001
• Watercraft donated to the Sea Shepherd
• Gowings Shared Workspace facility construction commenced

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Wildly swinging exchange rate fluctuations in Japan and Europe impacted Surf Hardware International's profits
• Unavoidable delays at Sawtell Commons due to wet weather and Covid-related isolations
• Surprise poor results on Hexima clinical trials led to the sale of Gowings' long-term position at a loss

Mitigation Strategies

• Surf Hardware International implemented price increases, improved international freight costs, and inventory availability
• Sawtell Commons is nearing completion and lot sales are underway
• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events such as droughts, fires and floods

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

• Eco-blend products with plastic-free, bio-based materials and recycled packaging at Gowings SHI

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Environment
• Community
• Innovation

Environmental Achievements

• Kempsey Central rooftop solar system installed.
• Coffs Central rooftop solar system installed.
• Coffs Central and Port Central green waste composting systems installed.
• EV charging stations installed at Coffs Central and Port Central.
• Comprehensive independent review of Gowings Mid North Coast operations with the goal of installing substantial solar and renewable energy microgrid.
• Preliminary investigation for feasibility of installing a community geothermal system at Sawtell Commons.
• Independent report on best sustainable practices for packaging & product development at Gowings SHI received.
• Carbon capture project at Logie Farm completed.
• Shift to recyclable packaging underway at Gowings SHI.

Social Achievements

• Opened Gowings G-Sphere, a co-working space in Coffs Harbour.
• Opened Market Sushi at Coffs Central.
• Supported retailers through marketing initiatives.
• Gowings SHI donates 1% of revenue to the Gowings Whale Trust.

Governance Achievements

• Board reviewed composition following the passing of Chairman Jonathan West.
• Appointed John Gowing as Executive Chairman.
• Appointed James Gowing as Executive Director.
• Appointed James Davis as Non-Executive Director.

Climate Goals & Targets

Environmental Challenges

• Twelve interest rate increases impacting global consumer sentiment and reducing sales and profitability at Gowings Surf Hardware International.
• Downward revaluation of the Shopping Centre Portfolio by $13.3m.
• Global oversupply of stock in the surf industry and increased cost of holding inventory.
• Heightened macroeconomic uncertainty and increased household costs impacting consumer spending.

Mitigation Strategies

• Relocated GSHI head office to Coffs Harbour, resulting in $2m annual fixed cost savings.
• Reduced spending and inventory levels at GSHI to match market conditions.
• Focus on building the direct-to-consumer sales channel at GSHI.
• Deliberate leasing, centre management, and marketing strategy to take advantage of favourable retail trading conditions.
• Pragmatically reduced spending and inventory levels to match market conditions.

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Environmental Sustainability
• Renewable Energy

Environmental Achievements

• Completed rooftop solar systems at Kempsey Central and Coffs Central.
• Installed EV charging stations at Coffs Central and Port Central.
• Implemented green waste composting system at Coffs Central.
• Converted all centre lighting to LED.

Social Achievements

• Continued support for the Gowings Whale Trust.
• Opened new shops in Coffs Central, including flagship stores for Gowings Pacific Trader and Alvey Fishing Reels.
• Opened a shared workspace in Coffs Harbour, "G Sphere", performing very well.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Difficult global economic headwinds impacting Gowing's Surf Hardware International (GSHI) sales.
• High interest rates and reduced consumer spending.
• Deteriorating sales in all geographies for GSHI, particularly Japan.

Mitigation Strategies

• Refinanced long-term debt facility with St George Bank on more flexible terms.
• Implemented significant cost-saving measures at GSHI.
• Relocated GSHI warehousing from Mona Vale to Coffs Harbour, resulting in cost savings and efficiencies.
• Continued focus on building and enhancing the direct-to-consumer (DTC) sales channel for GSHI.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

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

• Not disclosed

Awards & Recognition

• Not disclosed