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Seeka Releases Sustainability Report 2024

ESG25 June 2024SEKConsumer Staples

26 June 2024
Seeka Releases Sustainability Report 2024

Seeka Limited [NZX:SEK] is pleased to present its 2024 Sustainability Report. The report outlines Seeka’s

progress over the past 12 months towards its environmental, social and governance sustainability goals.


Highlights include:


• A 21% drop in GHG emissions, aided by lower crop volumes, solar and energy efficiency.

• A 3.2 total recordable injury frequency rate, below the target of 3.5.

• 345 kWh of solar installed at Seeka Katikati.

• 4 coolstore systems retrofitted with low impact refrigeration gases for sustainable cooling.

• A reduction in the gender pay gap to 21.0%, down from 22.3% in 2022.

• Released Seeka’s first comprehensive climate-related disclosure report.


Seeka’s 2023 carbon footprint decreased to 17,987 tonnes C02e compared to 22,839 tonnes C02e in

2022. The lower crop volume in 2023 meant coolstores were closed earlier than the previous year, which

combined with Seeka’s solar installations and energy efficiency projects resulted in a carbon footprint

reduction.


The report is available on Seeka’s website: https://www.seeka.co.nz/reports


Release ends:

For further information please contact:


Michael Franks Seeka Chief Executive Officer +64 21 356516

Nicola Neilson Seeka Chief Financial Officer +64 21 841606

---

INTEGRATED
REPORT 2023

Connecting

sustainable produce

to the world

GROWING

SUSTAINABLE

FUTURES

SUSTAINABILITY

REPORT JUNE 2024

SUSTAINABILITY REPORT JUNE 2024 | SEEKA LIMITED
Seeka Trainee Manager Tame Curtis

Contents

1SEEKA LIMITED | SUSTAINABILITY REPORT JUNE 2024
Contents

2 Presenting Seeka's 2024 sustainability report

4 Sustainability highlights

5 Sustainability strategy

6 Sustainability-linked loan performance

7 Greenhouse gas reduction targets

8 Seeka's greenhouse gas footprint

12 Greenhouse gas emissions intensity

14 Greenhouse gas reduction initiatives

22 Horticulture in changing climates

26 Social sustainability

32 Seeka and the United Nations Sustainable Development Goals

33 Glossary

Contents

SUSTAINABILITY REPORT JUNE 2024 | SEEKA LIMITED2
We are proud to present Seeka's 2024 sustainability report

Seeka is dedicated to growing sustainable futures by connecting growers to the world with

a sustainable service. Seeka is adapting operations to respond to the changing climate,

bringing high-quality, sustainably-grown fruit from the orchard to the market.

This report outlines Seeka's progress over the past 12 months towards its environmental,

social and governance sustainability goals.

Seeka is a horticultural business operating in rural areas of New Zealand and Australia. Seeka is connected to

the health and productivity of the land, and the wellbeing of our communities. In the three years of La Niña up

to March 2023, the industry encountered poor growing conditions and a series of extreme weather events.

Record-low sunshine hours, persistent rain, floods, frosts, cyclones and hail, all combined to impact crop volumes

and created quality issues. It has been a challenging period for the horticulture industry in Australasia. Seeka is

building resilience in response to climate change by reviewing and learning from past impacts, exploring future

scenarios, adapting orchard and post-harvest practices, and investing in new geographies and fruit varieties.

Building climate resilience

In 2023, Seeka conducted a comprehensive climate scenario analysis to understand the potential impacts and

opportunities arising from a changing climate. Guided by the National Institute of Water and Atmospheric

Research (NIWA) climate outlooks, Seeka's analysis explored three future temperature scenarios over different

time scales: a limited 1.5

o

C increase, a moderate 2.5

o

C increase, and uncontrolled warming up to 4

o

C. This

process allowed Seeka to conceptualise how different climate futures could impact temperatures, weather events,

resource availability, fruit yields, consumers and markets. While these scenarios do not predict exact outcomes,

they help guide Seeka's activities to build resilience in the face of climate change.

Following this analysis, Seeka released its first climate-related disclosure report, compliant with the New

Zealand Climate Standards (NZ CS1-3), in February 2024. This first disclosure provided insight into the risks and

opportunities associated with climate change, detailed current and anticipated impacts, and demonstrated how

Seeka is planning to build climate resilience into its business model. More details on Seeka’s climate disclosure

can be found on page 23.

Targeting net zero emissions

Seeka has a five-year record of measuring and independently verifying its greenhouse gas footprint with

Toitū Envirocare. This has provided Seeka with a good understanding of its emissions sources, informing the

establishment of Seeka's GHG reduction targets and strategies.

In 2023, Seeka achieved a 21% drop in its GHG emissions, largely due to reduced crop volumes. The benefits

of Seeka's investments to reduce refrigerant leaks, increase renewable power generation, and reduce electricity

usage will be delivered over the coming years.

Seeka is striving for Net Zero by 2050 and has set interim targets of a 30% reduction in carbon emissions by

2025 and a 50% reduction by 2030. Seeka's greenhouse gas reduction strategy is in line with the goal of limiting

global warming to 1.5°C.

On 30 June 2023, Seeka entered a Sustainability-linked loan with its banking syndicate. This agreement allows

the syndicate to support Seeka’s sustainability programme by offering incentives and penalties linked to annual

carbon reduction, solar installation, and employee safety targets. More details on Seeka's Sustainability-linked

loan can be found on page 6.

Contents

3SEEKA LIMITED | SUSTAINABILITY REPORT JUNE 2024
Commitment to our people and communities

The health and wellbeing of Seeka's people is a key focus. Seeka provides growth opportunities for its

workforce, starting from interns, cadets and new employees, helping to train and build skilled workers to

become future leaders.

Seeka’s operations create jobs and enhance the economies of rural New Zealand communities. A

notable example is Seeka’s collaboration with iwi and local government to convert low-yielding land into

productive kiwifruit orchards on the East Cape.

Seeka's diverse workforce brings a variety of perspectives and ideas, driving innovation and creativity.

Seeka is proud of the significant representation of local community members, tangata whenua,

backpackers, and Pacific and Asian RSE employees within the team. The kiwifruit industry has historically

been male dominated, and Seeka is now reporting on its pay equity and gender diversity. In 2023, Seeka

released its first gender pay gap which reduced from 22.3% in 2022 to 21.0% in 2023.

Caroline Botica, Leah Kino and Pearl Puru at Seeka OPAC

Contents

SUSTAINABILITY REPORT JUNE 2024 | SEEKA LIMITED4
Sustainability highlights

of solar installed at Seeka Katikati,

helping power kiwifruit and avocado

packlines and coolstores

345kWn

promoted to orchard management,

developing rewarding careers in the

horticulture industry

4 cadets

Reduced the

gender pay gap to


140bed

Turanga Whetu accommodation facility

opened for Pacific & Malaysian RSE

employees, providing comprehensive

pastoral care

Recycled

tonnes of cardboard recycled by

Seeka's packaging partner

258

4

coolstore systems

retrofitted with low

impact refrigeration gases for

sustainable cooling

3.2

total recordable injury frequency

rate, below the Sustainability-linked

loan's 3.5 target

Keeping

people safe with a

in GHG emissions, aided by

lower crop volumes, solar and

energy efficiency. See our

CO2e journey on page 8

21%drop

Highlighted measures as at year end 2023

21%

down from 22.3% in 2022, with

Seeka's first disclosure on gender pay

Contents

5SEEKA LIMITED | SUSTAINABILITY REPORT JUNE 2024
Sustainability strategy


E

N

V

I

R

O

N

M

E

N

T

A

L


S

O

C

I

A

L


F

I

N

A

N

C

I

A

L

LIFE ON LAND

AND IN WATER

CARBON FOOTPRINT

CLIMATE ACTION

RECYCLABLE

MATERIALS

WASTE

REDUCTION

PROSPERITY

BUILDING

INTERGENERATIONAL

ASSETS

HEALTH,

SAFETY AND

WELLBEING

GROW

CAREERS

REGIONAL

GROWTH

GROW DIVIDENDS

AND SHARE PRICE

GROWER

RETURNS

RESPONSIBLE

PRODUCTION

CLIMATE

CHANGE

RESPONSIBLE

CONSUMPTION

SUPPORT OUR

COMMUNITIES

EMPLOYER

OF

CHOICE

VALUE FOR

COMMUNITIES

VALUE FOR

SHAREHOLDERS

VALUE FOR

GROWERS

ENERGY

MANAGEMENT

WATER

MANAGEMENT

Contents

SUSTAINABILITY REPORT JUNE 2024 | SEEKA LIMITED6
Sustainability-linked loan performance

In June 2023, Seeka entered into a Sustainability-linked loan which set targets

over a five year period for solar installations, health and safety, and greenhouse

gas reduction. Seeka is pleased to share the first year performance against these

ambitious targets, which highlight Seeka's commitment to deliver meaningful change.

In the first year of the Sustainability-linked loan, Seeka achieved an overall neutral result for the three

targets. This resulted in no adjustment to Seeka's interest rate.

TargetResult

SolarACHIEVED

Seeka met its solar target by installing 345 kW

of new solar power across the packhouse and

coolstore roof space at Seeka Katikati. This

installation is forecast to provide 12% of the site’s

energy demand.

Health

and Safety

FAILED

Seeka's Total Recordable Injury Frequency Rate

(TRIFR) was 3.19, better than the agreed target

of 3.50. However, the occurrence of two serious

injuries resulted in a failure of the overall target.

Seeka remains committed to the health and

safety of its people, maintaining a zero serious

injuries target year on year.

Greenhouse

Gas Reduction

NEUTRAL

In 2023, Seeka reduced its scope 1 and 2

emissions by 16% compared to 2022, below the

discount threshold. However, an agreed upgrade

to refrigeration gas leak detection was delayed

due to hardware supply chain issues. The GHG

intensity result was 59.8 tCO2e/$M revenue,

below the threshold of 61 tCO2e/$M revenue,

resulting in a neutral outcome.

Overall result

NEUTRALNo adjustment to the interest rate

Contents

7SEEKA LIMITED | SUSTAINABILITY REPORT JUNE 2024
Greenhouse gas reduction targets

30%

50%

Net Zero

Greenhouse gas emissions

Reduction

Reduction

Morningstar Sustainalytics, in a third-party review of Seeka's absolute and intensity reduction targets,

considered them ambitious and aligned to a 1.5 degree climate trajectory. 2022 is defined as the baseline

year for the 2025 and 2030 targets.

Absolute and intensity-based greenhouse gas emissions

reduction targets

2025

2030

2050

1000kW

2025

75% by 2030

Refrigerants

Solar

Fleet Fuel

100% of

orchard strings

recycled by

2025

100% of organic

waste diverted from

landfill by

Electrification & low emission technologyCircular material

Percentage of total fleet either

low or zero emissions vehicles

2025 = 15%

2030 = 25%

Reduce impact of refrigerant

leaks from 2019 baseline

Down 50% by 2025 and

of solar installed by 2025 (currently

at 791kW).

3000kW by 2030

Contents

SUSTAINABILITY REPORT JUNE 2024 | SEEKA LIMITED8
Seeka's greenhouse gas footprint

Seeka measures its greenhouse gas (GHG) emissions in accordance with ISO 14064-1: 2018 - Greenhouse gases.

Toitū Envirocare has verified Seeka’s GHG emissions inventory, providing assurance across applicable emission

categories since 2019.

This verification has enabled Seeka to set and pursue ambitious targets for reducing its emission-intensive

activities. Seeka aspires to achieve net zero emissions by 2050, with interim targets of a 30% reduction by 2025

and a 50% reduction by 2030. These goals align with the 1.5-degree climate pathway.

2023 GHG emissions reduction

In 2023, Seeka's GHG emissions decreased by 21% across all emission categories, including supply chain

emissions, with Seeka's category 1 and 2 emissions down by 16%. This reduction was aided by:

–Lower crop volumes. The lower volumes experienced in 2023 reduced electricity demand. With fewer

crops to process, plants and coolstores were shut down earlier, reducing electricity consumption and GHG

emissions. Lower crop volumes also influenced transport and procurement activities, lowering scope 3

emissions.

–Solar and energy efficiency initiatives. Seeka's ongoing investments in solar power and energy efficiency

projects are lowering energy demand. As a large energy consumer, Seeka is ensuring that it contributes to

New Zealand’s energy decarbonisation journey.

–Increase in renewable energy. The increase in renewable energy generation supplying New Zealand has

reduced the GHG emissions intensity of purchased energy.

Contents

9SEEKA LIMITED | SUSTAINABILITY REPORT JUNE 2024
Annual GHG footprint, 2019 to 2023

Absolute carbon footprint in tonnes CO2e

19,504

19,220

19,864

22,839

17,987

Category20192020202120222023Emissions

1

4,0513,8033,9004,4655,685

Direct emissions controlled by Seeka

2

3,9733,6964,4875,7082,892

Indirect emissions from purchased electricity

3

4,0694,4523,9874,6184,487

Indirect transport emissions from Seeka's supply chain

4

7,4117,2697,4908,0484,923

Other indirect emissions from Seeka's supply chain

Total

19,50419,22019,86422,83917,987

Emission boundaries

Transport-related emissions from the orchard to the port are included in Seeka's calculations. Class 1 fruit emissions beyond the port,

however, are controlled by the regulated marketer Zespri and are not included in Seeka’s calculations.

Lack of control

Zespri set the quantity and type of packaging for Class 1 kiwifruit. While this makes it challenging for Seeka to manage the embodied

emissions, Seeka supports and encourages sustainable packaging decisions and strives to minimise post-harvest waste.

Contents

SUSTAINABILITY REPORT JUNE 2024 | SEEKA LIMITED10
2,302

2,852

2,608

Refrigerants

Tonnes CO2e

Fossil fuels

Tonnes CO2e

Fertilisers

Tonnes CO2e

2,018

1,809

183

1,382

2,028

299

1,251

1,388

2,923

251

202

154

201920202021202220232019202020212022202320192020202120222023

Category 1 emissions

Category 1 emissions originate from activities directly controlled by Seeka. These include refrigeration gas leaks,

fossil fuels consumed by Seeka’s transport fleet and workshops, and synthetic fertiliser application.

Refrigeration gas emissions. Small refrigerant leaks can have a significant impact, especially if the gas

has a high global warming potential (GWP). In 2023, Seeka had a substantial leak of R404A refrigerant

(GWP = 3,943) at the recently-acquired Gisborne post-harvest facility. To mitigate this risk, Seeka is

retrofitting high GWP gases with lower impact alternatives, and upgrading detection systems to quickly

identify leaks.

Fuel emissions. Seeka has a substantial vehicle fleet to move employees in rural locations. Where

practical, Seeka uses hybrid vehicles, and is exploring battery electric vehicles (BEVs). However, vehicles

which access orchards require off-road capabilities, which are not feasible with current BEV technology.

Seeka will continue to monitor advancements in BEV technology.

Synthetic fertiliser emissions. Emissions occur when fertilisers break down and release GHG.

Application rates vary between seasons, determined by soil and plant requirements. In 2023, Seeka

achieved record-low fertiliser emissions due to lower crop loads and targeted application rates.

Contents

11SEEKA LIMITED | SUSTAINABILITY REPORT JUNE 2024
Category 2 emissions

Kiwifruit processing and cooling is energy intensive.

In 2023, Seeka's energy consumption was significantly

lower than 2022, primarily from packhouses and

coolstores closing earlier due to lower crop volumes.

Seeka's solar also decreased energy demand by 490,000

kWh.

Seeka continues to improve energy efficiency per unit

of fruit through packhouse automation and upgraded

coolstore and lighting systems.

Whilst New Zealand has a high proportion of renewable

energy generation, generation from non-renewable

sources during peak demand increases the GHG intensity

of New Zealand's electricity supply.

Annually, the ratio of renewable to non-renewable

electricity generation varies which can have a non-

controllable influence on Seeka's Category 2 emissions.

Category 2 emissions

Tonnes CO2e

3,973

3,696

4,487

5,708

2,892

20192020202120222023

RubyRed kiwifruit at Seeka Huka Pak

Contents

SUSTAINABILITY REPORT JUNE 2024 | SEEKA LIMITED12
Seeka reports on three intensity-based measures:

–Tonnes CO2e per $1,000,000 revenue

–Tonnes CO2e per 100,000 class 1 trays packed

–Tonnes CO2e per permanent employee

By normalising GHG emissions against business activities, Seeka can measure the performance of its

sustainability initiatives in a growth industry. Seeka monitors GHG emissions per revenue, trays packed, and

employee. This provides insights into operational efficiency and resource management.

Seeka's Sustainability-linked loan uses CO2e per $1 million of revenue as a performance target. In 2023, the

threshold was set at 61 tCO2e per $1 million, which Seeka achieved with 59.8 tCO2e per $1 million of revenue (see

graph bottom left). Each year, the emissions intensity target is progressively reduced, with a long-term goal of

achieving 42 tCO2e per $1 million revenue by 2027.

In 2023, Seeka's GHG intensity measures were influenced by lower crop volumes, as Seeka's fixed emissions

associated with base operations had to be prorated over a reduced number of kiwifruit trays and permanent

employees.

Greenhouse gas emissions intensity

82.3

76.5

64.2

65.6

59.8

61.0

loan

threshold

46.1

41.5

29.9

28.4

29.9

58.2

5 7. 6

50.7

54.4

60.4

201920202021202220232019202020212022202320192020202120222023

Per 100,000 Class 1 trays packed

Tonnes CO2e

Per permanent employee

Tonnes CO2e

Per $1,000,000 revenue

Tonnes CO2e

$

1m

Contents

Carbon sequestration
in kiwifruit orchards

Seeka recognises that its orchards perform a

vital carbon sequestration function that helps

regulate the climate cycle. Seeka, however,

does not include sequestration in GHG

calculations. Instead, Seeka adheres to the

following principles:

–Focus on absolute reduction

Seeka is prioritising efforts to reduce

its absolute GHG footprint for both

environmental and economic reasons. By

directly lowering emissions, Seeka aims

for a more sustainable and cost-effective

operation.

–Science-based methods

Seeka follows global best practices

in monitoring and reporting its GHG

footprint. Science-based methods

for calculating carbon sequestration

are evolving, and Seeka is committed

to adopting reliable methods as they

become available.

A 2011 Bay of Plenty study

1

found that

a hectare of organic kiwifruit annually

sequesters 2.4 tonnes of CO2e.

Other fruit trees, shelterbelts, and

improvements to soil health across Seeka’s

operations likely sequester additional carbon.

Seeka's land improvement efforts, including

converting under utilised or degraded land

into productive orchards, increases carbon

sequestration. Conversions can enhance soil

carbon storage and CO2 absorption.

Seeka acknowledges the importance of

understanding and fostering practices

like regenerative horticulture to increase

the carbon sequestration potential in its

orchards.

1. Page, G., Kelly, T., Minor, M., & Cameron, E. (2011).

Modeling Carbon Footprints of Organic Orchard

Production Systems to Address Carbon Trading:

An Approach Based on Life Cycle Assessment.

HortScience, 46(2), 324-327. doi:10.21273/

HORTSCI.46.2.324 (ASHS) .

13

SEEKA LIMITED | SUSTAINABILITY REPORT JUNE 2024

Contents

SUSTAINABILITY REPORT JUNE 2024 | SEEKA LIMITED14
Solar panels at Seeka Katikati

Greenhouse gas reduction initiatives

Renewable energy

Seeka is committed to a low-GHG energy future, and has set a goal to have 1000 kW of solar panels by 2025, and

3000 kW by 2030. Seeka will directly consume the energy from these panels and export any excess back to the

grid.

In 2023, Seeka added 345 kW of solar at its Katikati post-harvest facility, which is forecast to supply 12% of total

site energy demand (generation capacity is enough to power 60 homes).

Seeka Katikati was a good candidate for the solar installation due to its high sunshine hours and long operational

window, handling both kiwifruit and avocado. To date, Seeka’s post-harvest solar installations have been at sites

that handle a range of crops which produces a more consistent energy demand throughout the year. The sites

also have high sunshine hours which enhance solar efficiency and reduce the payback period.

Seeka is exploring new opportunities for solar installations, and considering battery technology to reduce peak

energy demand.

Contents

15SEEKA LIMITED | SUSTAINABILITY REPORT JUNE 2024
Electrification

Seeka is implementing advanced technologies and energy management strategies to reduce overall energy

demand, including:

–LED transition - Replacing traditional lighting with energy-efficient LED lights.

–Natural daylight integration - Incorporating natural daylight in facility design to reduce artificial lighting.

–Smart lighting controls - Installing motion and lighting sensors that adjust light intensity based on occupancy

and natural light levels.

–Coolstore insulation and refrigeration efficiency - Improving coolstore insulation and the efficiency of

refrigeration systems.

–Coolstore consolidation and shutdown - Consolidating fruit storage at energy-efficient sites.

Low emission vehicles

Seeka is reducing its use of fossil fuels by transitioning to low-emission vehicles (LEVs). The transition factors in a

number of operational requirements, including:

–Assessment of vehicle fleet needs - While mid-sized hybrids and electric vehicles are suitable for support

operations, orchard operations require larger 4WD vehicles to transport equipment between orchards and

navigate off-road conditions. Currently, the EV market does not offer viable off-road options.

–Hybrid vehicles - Seeka has 14 hybrids and is working with its leased vehicle provider to introduce battery

electric vehicles to the fleet.

–Charging infrastructure - Seeka has a dual 7kW electric car charger at head office. Accessible through an app,

the charger is available for staff, visitors and company vehicles. Seeka plans to expand its charging network to

support the transition to LEVs.

–Modern vehicle fleet operations - Seeka is committed to operating a modern vehicle fleet that minimises

emissions. This includes regularly updating vehicles to the most efficient models and best practice vehicle

maintenance.

Sustainable coolstores

Synthetic refrigeration gases, particularly those with high global warming potential (GWP), have a significant

impact on the environment. New Zealand has capped the import of high GWP gases. This has limited supply,

increased prices, and further incentivised the transition to alternative refrigerants.

Ammonia coolstorage

Seeka has five coolstore facilities with ammonia technology. Ammonia is a natural refrigerant with a very low

GWP. Key benefits include:

–Eco-friendly - Zero ozone depletion potential and negligible global warming potential, reducing Seeka’s GHG

footprint.

–Enhanced efficiency and storage capacity - Improved cooling performance, lower energy consumption and

better storage capacity.

–Compliance - Aligning with New Zealand regulations and efforts to achieve national sustainability goals.

Contents

Northland
Kiwifruit, citrus

and avocado

Coromandel

Kiwifruit

and avocado

Bay of Plenty

Kiwifruit, avocado

and kiwiberry

Gisborne

Kiwifruit,

persimmon

and citrus

East Cape

Kiwifruit

Seeka's primary New Zealand catchments

SUSTAINABILITY REPORT JUNE 2024 | SEEKA LIMITED16

Drop-in low impact refrigeration gases

Seeka supports the regulated disposal of synthetic refrigerants, and incentives for refrigerant destruction through

the Cool-Safe product stewardship scheme. By implementing the use of drop-in, low-impact refrigerants, Seeka

is facilitating the transition to environmentally friendly alternatives. Following minor modifications, drop-in

replacements significantly reduce the environmental impact of existing refrigeration systems.

In 2023, Seeka retrofitted 3 coolstore systems with low impact refrigeration gases for sustainable cooling.

Crop diversification

and climate adaptation

From its Bay of Plenty base, Seeka has

expanded to include New Zealand's

Northland, Coromandel, East Cape and

Gisborne regions. These diverse growing

areas help spread climate risk and provide

valuable insights into how conditions impact

fruit yields and quality.

Seeka's Australian operations further

enhance the understanding of different soil

types and irrigation requirements, and offer

a view of potential climate futures. This

experience allows the orchard team to build a

knowledge base and adapt practices.

Seeka is expanding the range of fruits it

grows and handles, including nashi, pears,

plums, avocado, new kiwifruit varieties,

Kiwiberry, jujube, persimmon and citrus.

Seeka has also expanded the types of fruit

it imports through SeekaFresh, Seeka's

Auckland-based wholesale market.

Seeka's strategy of crop and fruit diversity

enhances the ability to respond to changing

climate conditions, ensures a more stable

production system, and supports sustainable

growth.

Contents

17SEEKA LIMITED | SUSTAINABILITY REPORT JUNE 2024
Dried jujube from Seeka Australia ready for retail. Jujube are sold fresh and dried.

Contents

SUSTAINABILITY REPORT JUNE 2024 | SEEKA LIMITED18
Sustainability projects

Regenerative horticulture

Seeka recognises the importance of

a holistic approach to orcharding. By

employing regenerative horticulture

methods, Seeka contributes to

healthy ecosystems, catchments and

biodiversity. Seeka balances the use of

fertilisers and chemicals to maximise

yield and minimise the environmental

impact.

Seeka’s 2024 goal is to better

understand the ecosystems and

biodiversity in its catchment.

Geographical and crop

diversity

Seeka has broadened its geographical

reach and the variety of produce

handled. This has enhanced the

understanding of how different regional

climates and soil types impact plant

health and productivity.

Seeka's 2024 goals are to assess

new regions and crops, and adjust

orcharding practices to improve the

sustainability of fruit production and

supply.

Value Recovery

Seeka's DNFC processing facility

transforms fruit that does not meet

retail grade standards into healthy

and nutritious frozen and freeze-dried

products. These products are sold

in New Zealand supermarkets and

supplied to the healthcare sector for

post-operative recovery.

Seeka's goal for 2024 is to continue

to create healthy, nutritious products.

Energy efficiency

Seeka added more LEDs and motion

sensors to its large post-harvest

facilities in 2023. These LEDs use up to

70% less power than previous fittings.

Seeka’s 2024 goal is to continue

installing energy-efficient lighting

and motion sensors.

Sustainable supply chain

Seeka is expanding the recycling of

orchard polypropylene twine into

agricultural products.

Seeka's 2024 goal is to encourage

suppliers to take responsibility for

their waste and follow accredited

product stewardship schemes.

Sustainable coolstores

Seeka is upgrading refrigeration gas

leak detection systems in all coolstores

and retrofitting low-impact refrigerant

gases.

Seeka’s 2024 goal is to continue the

transition programme to low-impact

refrigerants.

Packaging and waste

In 2023, Seeka adapted fruit-labelling

equipment to use compostable labels,

and partnered with packaging suppliers

to collect and recycle all cardboard.

Seeka’s 2024 goal is to explore

innovative solutions to reduce waste

with our suppliers.

Low-carbon fleet

Seeka has installed a dual 7kW electric

vehicle charger at Seeka 360 Head

Office. Low carbon vehicles are being

added to Seeka’s owned and leased

vehicle fleet which currently operates

14 hybrids.

Seeka’s 2024 goal is to increase the

percentage of low-carbon vehicles.

Vermicomposting

Organic post-harvest waste is being

diverted from landfill to Seeka’s

100-tonne worm farm. Vermicompost

from the worm farm is recycled back to

Seeka orchards.

Seeka’s 2024 goals are to maximise

worm farm waste recovery and

investigate other avenues for organic

waste.

Renewable energy

In 2023, Seeka installed a 345kW solar

system at Seeka Katikati, bringing the

total solar capacity across Seeka's

network to 791kW. These solar

installations are helping power Seeka's

operations more sustainably.

Seeka’s 2024 goal is to add 200kW

of solar to Seeka's network.

Contents

Case study
Diversification into citrus

Seeka has been diversifying its portfolio

to handle more fruit in more markets.

This includes New Zealand's citrus

industry.

Seeka's expansion to citrus is providing

Northland and Gisborne growers with

a highly-efficient service that cares for

their crop from orchard to market.

Seeka's Kerikeri and Gisborne sites

packed 11 million kilograms of citrus,

and contract packed nearly one million

kilograms of persimmon for a third-

party marketer in 2023.

With operations peaking during

summer, prior to the kiwifruit harvest,

Seeka's citrus service is providing

continuous employment to local

workers, and supporting regional

economies and communities.

Product diversification also improves

site utilisation, with post-harvest

infrastructure being used to handle

more fruit over a longer period.

Processing citrus at Seeka Gisborne

19SEEKA LIMITED | SUSTAINABILITY REPORT JUNE 2024

Contents

SUSTAINABILITY REPORT JUNE 2024 | SEEKA LIMITED20
Quality obsession to minimise waste

Seeka aims to minimise waste and enhance circular systems. This ensures a higher percentage of our produce

meets market standards, which reduces fruit downgrades or discards.

Growing techniques

Seeka's Technical Team and Orchard Managers work closely to cultivate sustainable volumes of high-quality,

blemish-free fruit. This ensures that the fruit meets high-quality standards and reduces the likelihood of waste fruit.

Seeka shares these insights with its grower community.

Verified Lab Services (VLS) Testing Laboratory

Seeka’s testing laboratory monitors fruit maturity and provides clearance testing services for the kiwifruit industry.

By ensuring fruit is cleared for harvest at optimal maturity, VLS minimises waste.

VLS also runs the KiwiGreen programme to control pests and meet local and export market conditions with

timely and accurate results. Conducted in summer, KiwiGreen monitoring focuses on testing for scale, leafroller,

wheat bug, and mealy bug.

SureStore Bins

SureStore bins are designed to protect fruit being transported from the orchard to the packhouse. This minimises

waste from transport damage.

Soft-handling technology

Seeka employs advanced soft-handling technology, including automated camera grading, to sort crops according

to market requirements. This technology ensures that quality fruit is selected for export, while lower-grade fruit

can be directed towards the domestic market and value recovery.

Inventory management systems

Seeka's inventory management systems and innovative machine-learning technology optimise coolstore

loadouts, ensuring that fruit is dispatched in the right order. This reduces the risk of waste from storage losses.

SeekaFresh

Seeka’s marketing service SeekaFresh collaborates with retailers to match fruit supply with market demand. This

includes promoting the seasonal availability of Seeka fruit to consumers to optimise sales and minimise waste by

aligning supply with consumer demand.

Packaging innovations

Seeka has introduced net bagging for small or irregularly shaped kiwifruit and avocados, creating retail space

for fruit that may not have met cosmetic standards. These innovative packaging solutions, such as "odd bunch"

programmes, allow Seeka to sell a greater portion of its fruit, reducing waste and maximising value.

Picking innovations

Seeka has implemented innovative picking bags to handle kiwifruit more gently. The new bags reduce the

potential for damage during the picking process, to decrease fruit waste.

Contents

21SEEKA LIMITED | SUSTAINABILITY REPORT JUNE 2024
Case study

Extracting maximum value

Seeka's wholly-owned subsidiary the

Delicious Nutritious Food Company

(DNFC), increases the nutrition value

Seeka delivers to consumers.

DNFC specialises in producing the

functional foods Kiwi Crush™ and

Kiwi Crushies™ from kiwifruit that are

unsuitable for direct consumer sales.

Using Seeka's proprietary process,

DNFC extracts the kiwifruit's essential

vitamins, minerals, and food fibre to

produce high-value, easy-to-use foods.

Kiwi Crush™ and Kiwi Crushies™ are

available all year from New Zealand

supermarkets, Chemist Warehouse

and online, and are widely used post

surgery as digestive aids.

Using a similar approach, Seeka also

produces high-value avocado oil from

each season's avocado crop.

By producing high-value, easy-to-

consume foods from fruit that is not

readily saleable, Seeka is reducing food

waste and delivering more value from

each crop.

See Seeka's Kiwi Crush™ webstore at www.kiwicrush.co.nz

Contents

SUSTAINABILITY REPORT JUNE 2024 | SEEKA LIMITED22
Horticulture in changing climates

Climate change presents both opportunities and threats to Seeka's business. Variations in climate affect weather

patterns, soil moisture, and the availability of natural resources. These changes can impact growing locations,

as well as the quantity and quality of the fruit Seeka handles. Orchard productivity is impacted by physical risks,

including:

–Weather events - Increased frequency and intensity of storms, hail, frosts, and extreme temperatures can

damage crops, reduce yields, and affect fruit quality.

–Soil moisture - Changes in precipitation can cause droughts or excessive rainfall, impacting soil moisture

levels and plant health.

–Natural resource availability - Altered water availability and changing nutrient cycles can affect the overall

health and productivity of orchards.

Transitional climate risks

Along with physical risks, Seeka is also navigating transitional climate risks from the shift to a low-carbon

economy. Seeka's transitional risks include:

–Regulatory changes - New regulations and policies aimed at reducing carbon emissions may require more

stringent environmental practices and reporting standards.

–Market shifts - Consumer preferences for sustainably produced goods can impact market demand and

increase operational costs.

–Technological advancements - New technologies for energy efficiency and sustainable orcharding are rapidly

being developed.

Climate scenario analysis

In 2023, Seeka analysed three climate scenarios to understand the potential impacts and opportunities of a

changing climate:

–1.5

o

C increase - The limited warming scenario assumes minimal warming, with relatively stable climate

conditions.

–2.5

o

C increase - The moderate scenario anticipates moderate warming, with increased frequency of extreme

weather events and altered resource availability.

–Up to 4

o

C increase - The uncontrolled warming scenario represents severe climate change impacts, with

significant alterations to weather patterns, resource availability, and agricultural productivity.

Seeka's scenario analysis conceptualised how different climate futures could impact temperatures, weather

events, resource availability, fruit yields, consumers, and markets, and is helping Seeka build resilience in the face

of climate change.

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23SEEKA LIMITED | SUSTAINABILITY REPORT JUNE 2024
Strategies for resilience

To address climatic challenges, Seeka is assessing climate-related risks and impacts and formulating strategies to

remain resilient. Key strategies include:

–Diversified crop portfolio - Growing a variety of fruits across different regions spreads risk and builds

resilience.

–Enhanced irrigation systems - Implementing advanced irrigation technologies to manage water resources and

maintain optimal soil moisture levels.

–Soil health management - Adopting practices that enhance soil health and fertility, such as cover cropping and

organic alternatives.

–Orchard protection - Ensuring orchards have sufficient shelter, frost protection and drainage.

Climate-related disclosure process

Assessing climate change and creating appropriate mitigation and adaptation strategies are central to enabling a

sustainable future for Seeka. In February 2024, Seeka released its first climate-related disclosure report, compliant

with the New Zealand Climate Standards (NZ CS1-3) for NZX-listed companies. This report provides insights

into climate-related risks and opportunities and explains how Seeka plans to build resilience in response to

climate change. Seeka’s climate-related disclosure process plays a crucial role in identifying opportunities to build

resilience. This process involves:

–Risk identification - Systematically identifying climate-related risks, including extreme weather events,

changing precipitation patterns, temperature fluctuations, and transitional climate risks.

–Impact analysis - Assessing the potential short and long-term impacts of these risks on different aspects of

the business, from orchard productivity to supply chain stability.

–Strategic planning - Developing and implementing strategies to mitigate identified risks and capitalise on

opportunities, including investing in renewable energy, improving energy efficiency, and adopting sustainable

orcharding practices.

–Continuous monitoring - Monitoring climate trends and their impacts on operations to ensure strategies

remain effective and adaptive to changing conditions.

Seeka’s climate-related risks are regularly reviewed and incorporated into Seeka’s risk management register.

See Seeka's public climate disclosures at www.seeka.co.nz/climate-change

Contents

SUSTAINABILITY REPORT JUNE 2024 | SEEKA LIMITED24
Climate change risk and opportunity analysis

Seeka has identified climate-related risks and opportunities that could impact the business. The speed and severity of

these impacts will depend on the rate of warming and the subsequent influence of climate changes. By identifying these

risks and opportunities, Seeka is looking to adapt its operations and build resilience. This forward-thinking approach

ensures that Seeka remains agile and prepared to navigate the evolving climate landscape, safeguarding the company's

long-term sustainability.

Risks

RiskTypeDescriptionResponse

Changing

weather patterns

reduce fruit yields

and quality.

PhysicalHigher summer rainfall and lower winter

chill hours could decrease kiwifruit yields,

reduce fruit quality, and degrade storage

performance, and increase the reliance on

artificial budding chemicals.

More droughts could dry soils and degrade

soil quality and biodiversity.

Higher winter temperatures may increase

energy demand to cool fruit.

Implementing advanced weather

forecasting systems, diversifying crop

varieties, and enhancing soil health

practices to improve resilience against

changing weather patterns.

Extreme weather

events reduce

fruit yields and

quality.

PhysicalExtreme heavy rain, frost, hail, high winds,

heat waves and fire can damage plants and

degrade fruit yields and quality.

Investing in robust infrastructure to

withstand extreme weather events, such

as improved drainage systems, protective

covers, and emergency response plans.

Rising sea levels

cause coastal

erosion and raise

water tables.

PhysicalRising sea levels can raise the water table

and increase the salinity of ground water.

Soils will not drain freely causing rot.

Unprotected coastal orchards are at risk of

coastal erosion.

Most orchards and post-harvest operations

are away from the coast and are not

expected to be impacted by rising sea

levels.

Sea level rise and its impacts are

considered when Seeka evaluates

investments in orchards and infrastructure.

More pests and

diseases impact

fruit yields.

PhysicalPest populations may survive winter due

to fewer frosts which act as a natural

regulator.

Higher temperatures could also create

climates suitable for exotic pests and

diseases.

Seeka's Technical Team in conjunction

with Verified Lab Services conduct

extensive pest monitoring throughout the

season. In addition, information sharing

and industry collaboration is essential to

stay ahead of invasive pests and disease.

Changing

consumer

preference

and market

restrictions.

TransitionalMarket access may be restricted by

changes to border acceptance criteria.

Changing consumer preferences for low

carbon and organic fruit may reduce

demand for conventionally-grown fruit.

Monitoring market trends, diversifying

product offerings to meet changing

consumer preferences, and obtaining

certifications to access new markets with

stringent sustainability requirements.

Contents

25SEEKA LIMITED | SUSTAINABILITY REPORT JUNE 2024
Risks

RiskTypeDescriptionResponse

Higher input

costs associated

with carbon

footprint.

TransitionalMarket mechanisms are a tool to charge

polluters.

Demand for carbon neutrality could

increase the cost of carbon.

Investing in renewable energy sources,

and exploring alternative, low-carbon

input options to reduce costs and carbon

footprint.

Regulations

restrict chemical

use.

TransitionalRestrictions on chemicals used for pest

control and crop maintenance could impact

yields and fruit quality.

Ensuring compliance with regulatory

changes. Investments in organic and

regenerative horticulture methods reduce

reliance on chemical inputs.

Regulations

restrict water

use.

TransitionalRestrictions on orchard water use could

impact plant health and yields.

Ensuring sustainable water supply is

available for new and existing orchards.

Implementing water-efficient irrigation

systems and complying with regulatory

restrictions.

Opportunities

OpportunityTypeDescriptionResponse

Regional climate

shifts.

Physical The development of new growing regions

due to climate change may facilitate

geographic expansion, crop diversification,

and enhance resilience, and allow Seeka to

sustainably grow operations.

Exploring new growing regions that

become viable due to climate shifts,

optimising planting schedules, and

investing in research to understand and

adapt to new climate conditions.

Increased

atmospheric

CO2.

PhysicalHigher atmospheric CO2 levels will

increase soil CO2, which can improve plant

water use, optimise photosynthesis, reduce

transpiration, enhance stress tolerance, and

promote robust root systems.

Utilising soil sampling, orchard data, maps

and technology to better understand and

capitalise on soil health.

Sustainable

financing.

TransitionalSustainable financing for sustainability-

driven companies and low-carbon

developments may transform project

funding and execution.

Entered a Sustainability-linked loan.

Sustainable

produce.

TransitionalGrowing consumer demand for

sustainably-produced and healthy foods

is a significant opportunity as consumers

make environmentally conscious and

health-oriented choices.

Market access may become more open if

New Zealand and Australia transition faster

than other global economies.

Diversifying sustainable offerings,

obtaining relevant certifications, and

marketing sustainable practices to access

new market segments.

Contents

SUSTAINABILITY REPORT JUNE 2024 | SEEKA LIMITED26
Social sustainability

Founded on relationships

At Seeka, social responsibility is captured in our brand attribute, "Founded on Relationships". Founded by kiwifruit

growers in 1987, Seeka has remained focused on delivering better fruit to the markets and lifting supply chain

efficiency. While Seeka has rapidly grown, the commitment to nurturing relationships continues. Seeka aspires to

be an employer of choice, cherishing the bond with growers, clients, employees, investors and communities.

Seeka fosters a positive and inclusive work environment and promotes equal opportunities for all employees.

Seeka nurtures professional growth, and prioritises the satisfaction and success of our growers and clients to build

robust, trust-based relationships. Seeka supports local initiatives that promote social development, environmental

sustainability and economic growth.

Our people

Seeka is committed to being an employer of choice. Seeka is working to report performance on pay equity and

follows clear and equitable remuneration structures, provides training opportunities, and offers career pathways

that attract and promote the best individuals within the industry. Seeka's people are the driving force behind

Seeka's success, and Seeka celebrates and values their contribution.

Seeka's ongoing commitment to the workforce ensures that Seeka creates an inspiring and rewarding company

culture. Seeka strives to be an employer that attracts, retains, and nurtures top talent.

Partnering with Māori

Seeka holds partnerships with Māori in high regard. Seeka has the largest number of Māori kiwifruit growers,

and is investing with Māori to develop kiwifruit orchards. Seeka's partnerships stimulate the Māori economy and

support growth in rural communities.

With a substantial shareholding in Seeka, the Māori perspective, values and aspirations are incorporated in

Seeka's business activities.

Commitment to our people and diversity

Seeka is dedicated to fostering an inclusive environment that embraces a diversity of thoughts and skills. Seeka's

diversity policy encompasses gender, ethnic background, religion, marital status, culture, disability, economic

background, education, language and sexual orientation.

Drawn from local and international communities, Seeka's workforce is notably diverse, including tangata whenua,

backpackers, and people from the Pacific and Asia through the RSE scheme.

Seeka's Board views the composition of its independent directors as a key measure of diversity and inclusion. In

2023, the proportion of independent directors identifying as female increased to 50% (2022: 25%). Additionally,

the percentage of all directors and senior managers identifying as female rose to 29% (2022: 20%).

The kiwifruit industry was traditionally male dominated. Seeka measure gender pay equity, and is committed to

closing the gap. The gender pay gap reduced from 22.3% in 2022, to 21.0% in 2023.

Contents

Case study
East Cape orchard developments

In 2023, Seeka's partnership with iwi and Kānoa (Regional Economic Development

& Investment Unit) is creating employment, generating long-term wealth, and

strengthening communities in the East Cape. Our co-investments in Raukokore, Te

Kaha, and Hāwai have flourished.

The orchard developments have significantly boosted the Māori economy, improved

land utilisation, created local jobs, and returned value to Māori as orchard owners.

In Raukokore, Seeka remains a foundation partner of the $14 million Wai o Kaha

orchard development. This investment has created skilled roles and spurred economic

development, encouraging tangata whenua to return home and contribute to their

community.

The Iwi, Kānoa, and Seeka-funded development has established 40 hectares of

Hayward kiwifruit orchards on former maize and grazing land, irrigated by a Kānoa-

funded water system. Seeka has supported the establishment of the local contractor

Raukokore Kaimahi, which continues to work on the development and other orchards

in the region.

The revitalisation of Raukokore, guided by Willie Te Aho, now includes Kānoa-funded

housing that is helping locals into home ownership through a rent-to-own scheme. This

initiative is providing stable housing and fostering a stronger sense of community.

Willie Te Aho and the iwi of Te Whānau-ā-Apanui are committed to growing this

venture, with a vision to expand to 100 hectares of kiwifruit in Raukokore. As these

orchards continue to grow, so do the communities and workforce, showcasing the

profound impact of strategic partnerships and sustainable development.

27SEEKA LIMITED | SUSTAINABILITY REPORT JUNE 2024

Vine maintenance in Te Kaha

Contents

SUSTAINABILITY REPORT JUNE 2024 | SEEKA LIMITED28
Health and safety

Seeka's "Our Health, Safety, and Wellbeing" programme is focused on minimising harm and enhancing

the wellbeing of Seeka's employees. The programme is supported by a dedicated health and safety team

to ensure that everyone remains safe on the orchard and in post-harvest facilities. Seeka also offers

health and life insurance benefits and adheres to the GlobalG.A.P. GRASP module which addresses

workers' health, safety, and welfare in agricultural operations. Seeka's health and safety initiatives include:

–Sustainability-linked loan - Targeting zero serious injuries with a TRIFR less than 2.5 by 2027.

–Dedicated health and safety team - Focused on protecting employees working with moving

machinery, tractors, forklifts, and heavy vehicles.

–Safety investments - Guards and barriers to prevent collisions and AI camera proximity detection

systems protecting workers from moving forklifts.

–Tracked on-orchard movements - One-step Seeka app sign-in provides direct access to accurate

orchard maps that clearly mark hazards.

–Employee Assistance Programme (EAP) - Free and anonymous access to professional support.

–Health and wellbeing programme (SeekaYou) - Comprehensive health and wellbeing initiatives.

–Weekly safety focus toolboxes - Regular safety briefings and updates.

–Whistleblowing policy - Clear channels to report any wrongdoing within Seeka.

Contents

29SEEKA LIMITED | SUSTAINABILITY REPORT JUNE 2024
Case study

RSE programme supports Pacific social

and economic development

Seeka's RSE employees are an integral part of

the company, fostering a reciprocal relationship

where Seeka benefits from valued skilled

labour, and the RSE employees receive fair

compensation that contributes to the social

and economic development of their families

and communities in their home countries in

the Pacific and Malaysia. During 2023, Seeka

welcomed 1,300 RSE employees.

Seeka complies with all requirements and works

hard to make the RSE employees feel welcome in

New Zealand. Beyond providing wages, Seeka's

scheme provides access to new orchard skills

and knowledge. RSE employees are supported by

pastoral care workers who help ensure they feel

a sense of belonging and connection within the

Seeka workforce. Seeka values and protects the

physical, mental and spiritual wellbeing of its RSE

employees.

Recognising the pressures on RSE

accommodations, Seeka built Turanga Whetu,

a new accommodation facility located on

Sharp Road in Katikati. Meaning "Star Base,"

Turanga Whetu accommodates up to 140

people, significantly expanding the area's quality

accommodation capacity.

Turanga Whetu offers modern amenities,

including recreational areas,

lounges, kitchen and

laundry facilities, and

facility-wide Wi-Fi.

Opened by a special

blessing ceremony in

August 2023, Turanga

Whetu is a welcoming

and well-equipped

accommodation facility

for Seeka RSE employees.

Esera Isaako, RSE employee from Samoa performing at the Turanga Whetu opening ceremony

Contents

SUSTAINABILITY REPORT JUNE 2024 | SEEKA LIMITED30
Social impact initiatives

With "Select Excellence", Seeka strives to continually improve the performance for stakeholders and deliver an

excellent service that supports prosperous communities.

ResponsibilityInitiativeAchievements

Engage youth into

industry

CadetshipPromoted four Cadets into orchard management positions in 2023.

Seeka's cadetship provides a three-year skills development pathway covering

orchard and post-harvest operations that give Cadets comprehensive

knowledge about the industry.

Current key achievements include:

–Integration of Tikanga Māori.

–New post-harvest stream that broadens learning and development.

Currently a first-year Cadet has chosen the post-harvest stream with a

second-year Cadet moving to post-harvest next year.

–Cadets help with Seeka information and social events to gain valuable

networking opportunities with the grower community, improve Cadet

confidence and support Seeka's community engagement.

Second-year orchard Cadets are in supervisory roles and developing

leadership skills with our RSE employees while also developing their orchard

management skills.

Third-year orchard Cadets are working towards trainee manager roles, where

there is significant competition.

Third-year post-harvest Cadets have performed a broad range of packhouse

leadership roles, and are taking a supply and distribution course.

UpskillingTrainee Orchard

Management

Programme

Seeka has two trainee Orchard Managers that oversee a small portfolio of

orchards. With close support and mentoring from their Regional Manager,

the trainees learn all aspects of orchard management, until they are ready to

manage 50 hectares.

Level 3 Training

Programme

Recently created, the Level 3 Programme allows leaders to increase their

supervisory and management skills, and to improve Seeka's operational

efficiency through standard processes and procedures.

InternshipsGeneral Managers consider projects suitable for interns. Interns gain

experience in the area they are studying, create networks, increase

awareness, grow aspirations and develop skills.

Toi Ki Tua

Internship

The people and capability intern came through the Toi Ki Tua Māori

Internship Programme which is focussed on helping Māori tertiary students

enter high-value career pathways.

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31SEEKA LIMITED | SUSTAINABILITY REPORT JUNE 2024
ResponsibilityInitiativeAchievements

Wellbeing'Seeka You’Seeka's People and Capability Team have partnered with Health and Safety

to form the support platform Seeka You. Seeka You covers emotional, mental,

physical and financial support, and has a set of convenient tools and handy

apps that help employees prioritise their wellbeing. The Seeka You calendar

also keeps employees up to date and encourages participation in activities

that promote wellbeing, such as Gumboot Friday and Pink Shirt Day.

Cultural, age and

gender diversity

Diversity studySeeka's 2023 diversity study showed a 58% male and 42% female

workforce, with the study informing diversity strategies to ensure a fair

and equitable environment for all employees. By prioritising diversity and

inclusion, Seeka enhances its workplace culture and strengthens its business

by leveraging a variety of perspectives and skills, contributing to the social

wellbeing of its employees and the broader community.

Working with

MSD

Help New

Zealanders into

meaningful

employment

Seeka works closely with the Ministry of Social Development (MSD) to

prioritise introducing New Zealanders into the workforce, and liaises with

multiple agencies to find suitable work in the orchard and post-harvest

operations.

Understand

Seeka people;

who we are, our

aspirations, and

our relationship

with Seeka

Annual

performance

and

development

review

Provides employees with the opportunity to discuss their workplace

experience, clarify expectations, and plan for future professional

development. These reviews encourage communication, setting goals, and

supporting employee growth.

Exit surveyExplores both positives and negatives to guide improvements. The survey is

offered to all departing permanent employees.

Seasonal worker

engagement

Seasonal work

campaigns

Keeping people engaged to work at Seeka throughout the harvest season.

Seeka was fully staffed through the harvest. Incentives and a range of fun

and inclusive activities, such as food shouts and dress-up days occurred

throughout the season.

RSE employee

engagement

RSE pastoral

care and fair

compensation

In 2023, Seeka welcomed 1,300 RSE employees, providing fair compensation

and contributing to the development of their communities in the Pacific and

Malaysia. Seeka complies with all requirements and creates a welcoming

environment. Employees gain orchard skills and knowledge, supported by

pastoral care. In August 2023, Seeka opened Turanga Whetu, see page 29.

Community

engagement

Community

sponsorship

In 2023, Seeka donated $201,240 to support New Zealand youth

development, community, cultural, and sports groups, as well as

community health programmes.

Contents

SUSTAINABILITY REPORT JUNE 2024 | SEEKA LIMITED32
Seeka and the United Nations Sustainable Development Goals

The United Nations Sustainable Development Goals (UNSDGs) are a collection of 17 interlinked global goals designed to be a

"blueprint to achieve a better and more sustainable future for all." Established in 2015 by the United Nations General Assembly, the

UNSDGs are intended to be achieved by 2030.

Seeka's operations are aligned with the following eight United Nations Sustainable Development Goals (UNSDGs):

Supplier of healthy nutritious whole

foods.

Providing a safe and healthy work

environment.

Developing skills and communities.

Safety always.

Measuring and reporting GHG.

Disclosed climate-related risks and

opportunities.

Targets aligned to 1.5 degree pathway.

Incentivised through Sustainability-

linked loan.

Providing economic development to

local, rural, and Pacific communities.

Upskilling and supporting people into

the workforce.

Partnering with Māori growers.

Converting low value pastureland to

horticulture.

Protecting sensitive receiving

environments.

Enhancing soil health to minimise

sedimentation and nutrient leaching.

Environmental compliance.

Seeka strives to be agile, innovative,

and industry leading.

Automation and machine learning

to maximise efficiency and minimise

fruit loss.

Investing in solar renewable energy.

Diversified geographies and crops for

economic and climate resilience.

Value and protect ecosystem services.

Promote healthy biodiversity.

Enhance plant and soil health.

Protect native flora and fauna.

Environmental compliance.

Targeting zero food waste to landfill.

All cardboard recycled.

Vermicompost from worm-farm

Using recycled PET fruit packaging.

Compostable fruit labels.

Founded on relationships, Seeka is

connecting sustainable fruit production

with world markets.

Read more about Sustainable

Development Goals

See the United Nations Sustainable

Development website.

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33SEEKA LIMITED | SUSTAINABILITY REPORT JUNE 2024
Glossary

TermDefinition

CategoryCategory emissions were developed by ISO 14064-1: 2018 to examine Scope 3 emissions

in more detail. Category 1 and 2 are identical to Scope 1 and 2, with Scope 3 divided into

four categories.

–Category 1 - Direct emissions from sources owned or controlled by an organisation.

–Category 2 - Indirect emissions from purchased electricity, steam, heat, and cooling.

–Category 3 - Indirect emissions from transportation.

–Category 4 - Indirect emissions from products an organisation uses, including

employees working from home, waste and leased assets.

–Category 5 - Indirect emissions (use of products sold) including lifetime emissions,

end-of-life emissions and financed or investment emissions.

–Category 6 - Indirect emission from other sources (everything else).

Global warming

potential

The ability of a gas to trap extra heat in the atmosphere over time relative to carbon dioxide

(CO2). Also know as GWP.

Greenhouse gasesGases in the earth's atmosphere that trap heat, including carbon dioxide (CO2), and

traditional refrigerants. Also known as GHG.

Net zeroAchieving a balance between the amount of greenhouse gas produced and the amount

removed from the atmosphere.

RefrigerantsGases used to transfer heat in coolstore systems.

Regenerative

horticulture

A conservation and rehabilitation approach to food and farming systems.

Renewable energyEnergy derived from natural sources, such as sunlight, that are replenished at a higher rate

than they are consumed.

Recognised seasonal

employer

A New Zealand government scheme that allows land-based employers to hire people from

overseas when there are not enough local workers. Also known as RSE.

ScopeScope emissions were developed by the Greenhouse Gas Protocol to categorise direct and

indirect greenhouse gas emissions into 3 scopes.

–Scope 1 – Direct emissions from sources owned or controlled by an organisation.

–Scope 2 – Indirect emissions from purchased electricity, steam, heat, and cooling.

–Scope 3 – All other emissions associated with an organisation's activities.

Sustainability-linked

loan

Financing mechanisms that aim to facilitate and support environmentally and socially

sustainable economic activity and growth.

Total recordable

injury frequency rate

The rate of recordable injuries that occur per 200,000 hours worked. Also known as TRIFR.

Contents

seeka.co.nz
34 Young Road, RD 9, Te Puke 3189

PO Box 47, Te Puke 3153, New Zealand

+64 7 573 0303, info@seeka.co.nz

Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.