Seeka Releases Sustainability Report 2025

30 June 2025
Seeka Releases Sustainability Report 2025
Seeka Limited [NZX:SEK] is pleased to present its 2025 Sustainability Report. The report provides an
update to stakeholders on Seeka’s progress against its environmental, social and governance
sustainability goals.

Highlights include:

• 43m trays supplied of highly nutritious NZ kiwifruit, a 44% increase in healthy eating options.
• 3 coolstores upgraded with eco friendly refrigerants, with 800 kgs of high greenhouse gas
refrigerants safely destroyed.
• 69 tonnes of kiwifruit donated to NZ Food Network, helping 39 food hubs feed families.
• 2 all-electric all-terrain vehicles operating on Seeka’s orchards, testing solutions to decarbonise
the orchard fleet.
• 1,011 kW of solar providing power at four facilities, a 22% increase, as Seeka targets 3,000 kW by
2030.

Seeka’s 2024 carbon footprint increased to 26,682 tonnes C02e, primarily driven by the rebound in NZ
kiwifruit yields. Seeka remains committed to lowering its category 1 and 2 direct emissions.

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 2025

SUSTAINABILITY REPORT JUNE 2025 | SEEKA LIMITED
Harvesting Packham pears in Bunbartha Australia
Contents

1SEEKA LIMITED | SUSTAINABILITY REPORT JUNE 2025
Contents
2 Growing sustainable futures
3 Sustainability spotlight
4 Seeka's greenhouse gas footprint
6 Decarbonising Seeka's operations
9 Greenhouse gas emissions intensity
10 Seeka solar panel programme
11 Minimising Seeka's environment footprint
15 Building resilience to changing climates
17 Social sustainability
19 Governance of Seeka's sustainability programme
20 Sustainability-linked loan
21 Glossary
Photo front cover: RSE employee Moses Laban from Vanuatu picking SunGold kiwifruit
Contents

SUSTAINABILITY REPORT JUNE 2025 | SEEKA LIMITED2
Growing sustainable futures
Seeka is committed to its brand values including growing sustainable futures as it connects
produce to global markets. Seeka is connected to the health and productivity of the land,
and community wellbeing.
Seeka's goal is to integrate environmental, social, and governance (ESG) initiatives to deliver high-quality,
sustainably-grown fruit from orchard to market.
Our ESG programme is founded on four pillars:
–Environmental - taking active steps to minimise Seeka's carbon footprint,
–Climate resilience and adaptation - mitigating risk and optimising productivity in changing climates,
–Social - supporting the wellbeing of our stakeholders, and
–Governance - strategic oversight of Seeka's sustainability targets and performance.
Building climate resilience
Seeka is focused on becoming a climate-resilient business by reducing greenhouse gas (GHG) emissions and
adapting operations to manage changing weather patterns and extreme climate events. Seeka’s climate strategy
is based on reducing emissions in line with the global target to limiting warming to 1.5°C, and strengthening
operational resilience through scenario planning, investment in adaptation, and diversification.
Seeka has measured and independently verified its GHG footprint for six consecutive years through Toitū
Envirocare. This provides insight into emission sources and informs Seeka’s decarbonisation pathway with a
target to be net zero by 2050.
As a Climate Reporting Entity (CRE), Seeka is required to publish its climate-related disclosure under New
Zealand’s Climate Standards. Seeka's disclosure outlines physical and transitional risks and sets a framework
for continuous monitoring and adaptation. Whether through regenerative horticulture, low-emission vehicles,
energy-efficient coolstores, or the diversification of fruit varieties and regions, Seeka is taking steps to be more
climate resilient across its operations.
The 2024 growing season
After two challenging harvests, yields rebounded in 2024. Favourable weather during key periods contributed to
Seeka handling 44% more kiwifruit through its New Zealand operations compared to 2023.
Higher production led to a 13% increase in direct GHG emissions and a significant increase in indirect (scope 3)
emissions, particularly from the transport of fruit to market. For a detailed breakdown, see page 4.
In the short term, Seeka aims to reduce its emissions intensity while operating in a growth industry, with a long-
term focus on absolute emission reduction.
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3SEEKA LIMITED | SUSTAINABILITY REPORT JUNE 2025
Sustainability spotlight
43m trays
Supplied of highly-nutritious NZ kiwifruit
44% increase in healthy eating options
69 tonnes
Of kiwifruit donated to NZ Food Network
Helping 39 food hubs feed families
1011kW
Of solar providing power at four facilities
22% increase as Seeka targets 3000kW by 2030
3 coolstores
Upgraded with eco friendly refrigerants
With 800kgs of high GHG refrigerants safely destroyed
2 all-electric
All terrain vehicles operating on Seeka orchards
Testing solutions to decarbonise the orchard fleet
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SUSTAINABILITY REPORT JUNE 2025 | SEEKA LIMITED4
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.
GHG emissions 2024
In 2024, driven by a rebound in yields, Seeka's total direct category 1 and 2 emissions increased 13% to 9,686
tonnes CO2e, as Seeka's orcharding operations grew 52% more kiwifruit than 2023, and post-harvest handled a
44% increase in volume. The increase in direct emissions was driven by the higher impact of refrigerant gas leaks,
along with increased fuel and electricity use as Seeka processed and stored more fruit over a longer period.
The increase in kiwifruit volumes contributed to an increase in category 3 indirect transport emissions with more
kiwifruit being transported from orchard to packhouse. Category 3 emissions for avocado sales were also up as
Seeka air freighted avocado to Asian and Canadian customers. With significantly more kiwifruit being shipped to
market, and the reliance on airfreight to increase returns for New Zealand avocado growers, total category 3 and 4
supply chain emissions increased 81%.
Driven by this rebound in yields and significantly higher supply chain emissions, Seeka's total GHG emissions for
categories 1 to 4 was up 48% on 2023.
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5SEEKA LIMITED | SUSTAINABILITY REPORT JUNE 2025
Annual GHG footprint, 2020 to 2024
Absolute carbon footprint in tonnes CO2e
Total emissions
Total category 1 and 2 emissions
19,220
19,864
22,839
17,987
26,682
Total category 3 and 4 emissions
Category20202021202220232024
1
Operational
3,8033,9004,4655,6856,060
2
Purchased electricity
3,6964,4875,7082,8923,626
3
Transport
4,4523,9874,6184,48711,128
4
Other
7,2697,4908,0484,9235,868
Total emissions
19,22019,86422,83917,98726,682
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 Seeka supports and encourages sustainable packaging
decisions and strives to minimise post-harvest waste, lack of control makes it difficult to manage embedded emissions.
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SUSTAINABILITY REPORT JUNE 2025 | SEEKA LIMITED6
Decarbonising Seeka's operations
Absolute and intensity-based GHG targets
Category 1 & 2 direct emissions
Seeka's pathway to lower emissions
Solar installations
1000kW by 2025, 3000kW by 2030
1011kW operating
Passed 2025 target end 2024
Fleet electrification
15% by 2025, 25% by 2030
11% full electric or hybrid
in 2024
Zero organic waste
To landfill by 2025
Comprehensive value recovery, fruit
donation & stock feed programme
2022202520302050
Net
Zero
Base Year
10,173 tCO2e
7,121 tCO2e
5,087 tCO2e
70
%
50
%
30% reduction50% reduction100% reduction
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7SEEKA LIMITED | SUSTAINABILITY REPORT JUNE 2025
2,302
2,852
2,608
2,742
Refrigerants
Tonnes CO2e
Fossil fuels
Tonnes CO2e
Fertilisers
Tonnes CO2e
1,382
2,028
299
1,251
1,388
2,923
3,113
251
202
154
205
202020212022202320242020202120222023202420202021202220232024
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 2024, Seeka retrofitted coolstores that operated with high
GWP gases with lower impact alternatives, and upgraded detection systems to quickly identify leaks.
Further steps are planned for 2025 and beyond.
Fuel emissions. Seeka has a substantial vehicle fleet to move employees in regional locations. Where
practical, Seeka uses hybrid vehicles, and in 2024 Seeka trialled battery electric orchard vehicles and
battery-powered tools to reduce Seeka's reliance on fossil fuels.
Synthetic fertiliser emissions. Emissions occur when fertilisers break down and release GHG.
Application rates vary between seasons, determined by soil and plant requirements. In 2024, Seeka
recorded an increase in fertiliser emissions to support higher yields.
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SUSTAINABILITY REPORT JUNE 2025 | SEEKA LIMITED8
Category 2 emissions
Kiwifruit processing and cooling is energy intensive.
In 2024, Seeka's energy consumption was higher
than 2023, primarily from packhouses and coolstores
operating longer due to higher crop volumes. Category 2
emissions, however, were significantly lower than 2022
when Seeka handled comparable crop volumes, due to a
lower emissions factor in 2024.
Category 2 emissions
Tonnes CO2e
3,696
4,487
5,708
2,892
3,626
20202021202220232024
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9SEEKA LIMITED | SUSTAINABILITY REPORT JUNE 2025
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.
Greenhouse gas emissions intensity
76.5
64.2
65.6
59.8
64.9
20202021202220232024
Emissions intensity
on Group revenue
1
Tonnes CO2e per $1,000,000 of revenue
251
310
348
301
411
Group revenue NZD Millions
41.5
29.9
28.4
29.9
39.9
20202021202220232024
Emissions intensity
on employees
Tonnes CO2e per permanent employee
464
665
804
602
620
Permanent employees
5 7. 6
50.7
54.4
60.4
62.3
20202021202220232024
Emissions intensity
on volumes handled
Tonnes CO2e per 100,000 class 1 trays packed
334
392
420
298
428
100,000 class 1 trays packed
1. Emissions intensity on Group revenue was revised to 64.9 tCO2e, from 64.7 tCO2e as published in Seeka's 2024 annual report.
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SUSTAINABILITY REPORT JUNE 2025 | SEEKA LIMITED10
Seeka first tested solar at the Seeka 360 build in 2018, installing a 30kW system supplying head
office operations. In 2021 Seeka's programme was extended to its large post-harvest roofspaces
with a 180kW system at Seeka Australia and a 236kW system at Seeka Kerikeri. These sites handle
multiple products and operate for extended periods, including over summer when generation
potential peaks.
In 2023 a 345kW system was installed at Seeka Katikati, which handles kiwifruit and
avocado, and in 2024 a further 220kW system added to Seeka Kerikeri, bringing site
production to 456kW and Seeka's total production to 1011kW.
The solar programme is set to accelerate with Seeka targeting
3000kW by 2030.
Seeka 360
Seeka Australia
Seeka Katikati
Seeka Kerikeri
30kW180kW236kW345kW220kW
1011kW
Total capacity
Seeka solar panel programme
20182019202020222021202120232024
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11SEEKA LIMITED | SUSTAINABILITY REPORT JUNE 2025
Minimising Seeka's environment footprint
The environmental pillar of Seeka's sustainability programme focuses on actively reducing Seeka's environmental
footprint. Core strategies focus on reducing Seeka's use of fossil fuels, purchased electricity, refrigerants with high
global warming potential, and waste.
Reducing reliance on fossil fuels
Fossil fuels are used to power Seeka's orchard equipment, vehicle fleet, fruit movement from orchard to port, and
employee travel.
On the orchard Seeka is testing the suitability of battery-powered equipment with two all-electric all-terrain
vehicles along with battery-powered pruners. The successful trial of battery-powered equipment will lay the
foundation to reduce on-orchard fossil fuel use.
Seeka's vehicle fleet continues its transition to low-emission vehicles (LEVs), with 27 hybrids in operation.
Currently, there are no viable alternatives to fossil-fuelled trucking of fruit from orchard to packhouse to port.
Seeka is a large recognised seasonal employer (RSE), recruiting workers from the Pacific and Asia to support
Seeka's seasonal workforce. Employee air travel to and from their home country is an essential component of the
RSE programme and contributes to Seeka's emissions.
Reducing reliance on purchased electricity
New Zealand currently produces around 85% of its electricity from renewables, with Australia producing around
35%. The non-renewable component of electricity generation is the main contributor to Seeka's category 2
emissions. Seeka is reducing its reliance on purchased electricity by:
–Cutting demand, including integrating natural lighting into facility design, using energy-efficient LED lights,
smart light controls, improving coolstore insulation and improving plant efficiency, and
–Increasing on-site solar, with Seeka having achieved its goal to have 1000 kW of solar panels by 2025
following a 220 kW solar expansion at Seeka Kerikeri. This brought Kerikeri site generation capacity to 456
kW and Seeka's total solar capacity to 1011 kW. Seeka directly consumes the energy from these panels and
exports any excess back to the grid. Seeka is now working towards a target of having 3000 kW by 2030.
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SUSTAINABILITY REPORT JUNE 2025 | SEEKA LIMITED12
Reducing waste
Seeka's core business is the growing and handling of perishable fruit. This
includes meeting strict harvest and grade standards to ensure quality produce
is delivered in market to generate sales and positive financial returns for
stakeholders.
Key on-orchard waste controls include:
–Reducing emissions from excess application of artificial fertilisers through
tailored fertiliser programmes that match inputs to plant demand, along
with applications of natural fertilisers including from Seeka's vermicompost
operation, and
–Recycling orchard consumables, with Seeka sending strings used in vine
training to Agrecovery where they are recycled as pellets for resale.
Post-harvest grading and inventory management segregates out fruit not
suitable for international and domestic markets. Seeka has a comprehensive
programme to ensure this fruit, and associated organic material, is
constructively used, including:
–Operating a SeekaFresh local market sales programme,
–Donating fruit to the New Zealand Food Network, with 69 tonnes
of kiwifruit distributed free to 39 food hubs to nourish communities
throughout the North Island,
–Operating a value-added recovery programme to produce the nutrient-rich
kiwifruit drink Kiwi Crush from process-grade kiwifruit, and avocado oil
from process-grade avocado,
–Composting organic waste at Seeka's worm farm,
–Sending kiwifruit dust to BioGro certified composter Revital, and
–Trialling alternative recycling systems, including the production of fruit
leather, and biogas as an energy source.
Hokitika Primary School children enjoying
kiwifruit from the Te Tai Poutini Kai Puku
NZFN Food Hub.
Seeka supplied NZFN with 231 bins of
kiwifruit during the 2024 repack season,
with the fruit distributed to 39 Food Hubs
servicing communities in need.
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13SEEKA LIMITED | SUSTAINABILITY REPORT JUNE 2025
Improving nutrient management with Seeka Maps
Seeka Maps is an in-house mapping platform designed for Seeka growers
and orchard managers. Incorporating satellite imagery, Seeka Maps details
spatial information, including fruit variety by block, hazards, shelter belts,
and environmentally sensitive areas.
A key environmental benefit is accurate fertiliser planning, whereby nutrient
specialists can develop fertiliser plans by crop type, growth stage, and
site conditions. By targeting optimal yield and environmental outcomes,
accurate fertiliser plans reduce GHG emissions along with nutrient loss.
Accurate mapping of shelter belts and sensitive areas are also used
to define buffer and exclusion zones to prevent spray drift, runoff, or
unintended nutrient application.
Seeka Maps provides clear digital information to aid orchard decision
making.
Tracking water movement to improve nutrient uptake
In partnership with Agri Technovation, Seeka is combining soil classification
and real-time data across multiple crops and soil types to improve water
and fertiliser efficiency, strengthen soil and plant health, and expand
regenerative orcharding.
Seeka classifies underground features such as limiting layers, plant available
water, and drainage potential to accurately position soil moisture probes.
Collecting information from up to 800mm below the surface, the probes
send soil moisture and temperature data every two hours to the Agri
Technovation platform, with Seeka using this information to adjust irrigation
and nutrient application.
By accurately measuring water movement from rainfall, irrigation and plant
uptake, Seeka can selectively irrigate orchard blocks so nutrients remain
within the root zone with minimal loss to surrounding ecosystems. The
information also identifies and monitors areas prone to waterlogging, root
disease or poor drainage.
The data currently being collected is forming a baseline for smarter
decisions.
All electric ATVs now operating on Seeka orchards
Seeka has introduced two fully electric all-terrain vehicles (eATVs) fitted
with specialist electric spray equipment.
Co-funded with EECA, Seeka’s eATVs are undertaking essential spray work
beneath kiwifruit canopies, before being returned nightly to a central depot
for recharging.
Seeka’s new eATVs are testing alternatives to fossil fuels for essential
orchard work, and are part of the drive for sustainable orchard production.
Smarter solutions for sustainable orchards
Sam Hoeata inspecting an orchard
from one of Seeka's new eATVs
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SUSTAINABILITY REPORT JUNE 2025 | SEEKA LIMITED14
Refrigerants can have a high global warming potential (GWP) and a large environmental
footprint if released into the atmosphere.
To reduce emissions, in 2024 Seeka retrofitted three coolstores with low GWP drop-in refrigerant gasses, with
the old refrigerants extracted and sent to Cool-Safe, New Zealand’s accredited product stewardship scheme for
certified destruction.
Alongside coolstore retrofitting, Seeka’s new coolstore builds incorporate ammonia-based refrigeration systems.
A natural refrigerant with zero ozone depletion potential, negligible GWP and high thermodynamic efficiency,
ammonia systems use less energy than most synthetics. Seeka is pairing its ammonia systems with glycol as a
secondary coolant, which improves thermal distribution while reducing total refrigerant use.
Seeka Transcool, one of Seeka’s four new-generation coolstore builds that use ammonia over glycol precoolers
and coolstores, for highly efficient, low emission fruit cooling and storage.
Sustainable cooling with natural refrigerants
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15SEEKA LIMITED | SUSTAINABILITY REPORT JUNE 2025
Building resilience to changing climates
The climate resilience pillar of Seeka's sustainability programme focuses on realising the opportunities of
changing climates while mitigating the risks. Variations in climate can impact growing locations, as well as the
quantity and quality of the fruit Seeka handles. Orchard productivity is impacted by physical risks, including
extreme weather, changing growing and harvest conditions, and the availability of natural resources such as water.
Along with physical risks, Seeka is navigating transitional climate risks from the shift to a low-carbon economy
including regulatory changes, shifting markets and technological advancements.
Strategies for resilience
To address climate challenges, Seeka is assessing climate-related risks and impacts and formulating strategies to
remain resilient. Key strategies include diversifying Seeka's crop portfolio, enhancing irrigation systems, managing
soil health, and protecting orchards and post-harvest facilities from weather events.
Climate-related disclosure process
Seeka is a Climate Reporting Entity (CRE) and is required to report under the climate-related disclosure regime.
Seeka's disclosures provide insight into climate-related risks and opportunities and explain how Seeka plans to
build resilience in response to climate change. This process involves:
–Risk identification - 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 reviewed and incorporated into Seeka’s risk management register.
See Seeka's public climate disclosures at www.seeka.co.nz/climate-change
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SUSTAINABILITY REPORT JUNE 2025 | SEEKA LIMITED16
Jemima Bell grading fruit at Seeka OPAC
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17SEEKA LIMITED | SUSTAINABILITY REPORT JUNE 2025
Social sustainability
The social pillar of Seeka's sustainability programme is founded on supporting the wellbeing of Seeka's employees
and communities.
Seeka aspires to have a forward-looking relationship with its employees that is founded on trust, inspiring a
common purpose, and with Seeka a place where people want to work. At Seeka, we "grow our own trees"; we
invest in our people, and our people are at the core of Seeka's success.
Seeka reports on pay equity, follows clear and equitable remuneration structures, and provides training
opportunities and career pathways that attract and promote the best individuals within the industry.
Seeka is a large service provider to Māori kiwifruit growers, and is investing with Māori to develop kiwifruit
orchards. Seeka's partnerships help to stimulate the Māori economy and support growth in rural communities.
Commitment to our people and diversity
Seeka is dedicated to fostering an inclusive environment that embraces a diversity of thought and skill. Seeka's
diversity policy considers 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.
Seeka's Board views the composition of its independent directors as a key measure of diversity and inclusion. The
current proportion of independent directors identifying as female is 75% (2023: 50%) and the percentage of all
directors and senior managers identifying as female is 36% (2023: 29%).
While the kiwifruit industry was traditionally male dominated, Seeka has promoted two women to be regional
post-harvest managers where they lead large workforces undertaking time-sensitive operations. They are the sole
female post-harvest mangers in the industry.
Seeka measures gender pay equity, and is committed to closing the gap.
Seeka operates a comprehensive RSE pastoral care programme which welcomed 1120 RSE employees in 2024,
offering fair compensation and contributing to the development of their communities in the Pacific and Malaysia.
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SUSTAINABILITY REPORT JUNE 2025 | SEEKA LIMITED18
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 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 investments in guarding and forklift proximity detection systems to
separate people from moving machinery, an app to track orchard access, an employee assistance programme
(EAP) for free and anonymous access to professional support, and SeekaYou, Seeka's health and wellbeing
programme. Seeka also promotes its whistleblowing policy that provides clear channels to report any wrongdoing
within Seeka.
Seeka also provides comprehensive benefits for permanent employees, including health, life and trauma
insurance.
Many of Seeka's sites have in-house gym facilities, as well as yoga and other social activities led by Seeka's social
club.
Social impact initiatives
Key achievements in 2024 include:
–Promoted two cadets on their pathway to full orchard management and two cadets into post-harvest
management roles. Seeka's cadetship is a three-year skills development pathway through orchard and post-
harvest operations. Incorporating tikanga Māori, the programme allows cadets to network with growers,
develop leadership skills and study supply and distribution courses.
–Seven trainee orchard managers working towards full orchard management. Seeka's mentoring of trainee
orchard managers provides hands-on support as the trainees oversee a small portfolio of orchards, with a
stepped programme to achieve 50 hectares under management.
–Gateway to Level 3 training. The Level 3 programme prepares employees for higher management roles,
including achieving operational efficiency through standard processes and procedures.
–MSD work entry scheme. Seeka works closely with the Ministry of Social Development (MSD) to prioritise
employing New Zealanders into the workforce and liaises with multiple agencies to find suitable work in
orchard and post-harvest operations. Seeka takes a "local first" approach.
Donations
In 2024, Seeka donated $212,624 to support New Zealand youth development, community, cultural and sport
groups, as well as community health programmes. A full list of recipients can be found on page 92 of Seeka's
2024 Annual Report.
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19SEEKA LIMITED | SUSTAINABILITY REPORT JUNE 2025
Governance of Seeka's sustainability programme
The governance pillar of Seeka's sustainability programme focuses on setting effective and obtainable
sustainability targets, overseeing sustainability initiatives and monitoring performance.
Seeka's Board of Directors governs Seeka's ESG programme, with additional focus provided by the Board's three-
director Sustainability Committee.
The Board governs capital expenditure to advance Seeka's sustainability programme, including investing in health
and safety, upgrading plant to mitigate risk, the transition to low-emission coolstores, and installation of solar
panels at post-harvest facilities to reduce Seeka's reliance on purchased electricity.
Working with Seeka management, the Board also ensures Seeka complies with sustainability legislation, including
NZ Climate Standards (NZ CS1-3).
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SUSTAINABILITY REPORT JUNE 2025 | SEEKA LIMITED20
Sustainability-linked loan
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.
In the second year of the Sustainability-linked loan, Seeka achieved an overall negative result across the three
targets. This resulted in an additional charge to Seeka's interest rate.
TargetOutcomeCommentaryStrategy
Solar
Achieved
Seeka met the solar target by
installing 515 kW of new solar
power across the packhouse and
coolstore roof space at Seeka
Kerikeri and Seeka Katikati.
Seeka has an ongoing programme
to progressively invest in solar
systems with a target of 3000
kW by 2030.
Health
and Safety
Not
Achieved
Seeka's Total Recordable Injury
Frequency Rate (TRIFR) was
4.18, and there were two serious
injuries. This resulted in a failure
of the health and safety target.
Seeka is committed to the
health and safety of its people,
maintaining a zero serious injuries
target year on year.
Health and safety is embedded
in Seeka's operations with
a comprehensive education
programme, regular site safety
audits, separation of personnel
from moving machinery, and
company-wide reporting.
Greenhouse
Gas Reduction
Not
Achieved
In 2024, a 44% increase in
kiwifruit handled contributed to
a 13% increase in Seeka's scope 1
and 2 emissions to 9,686 tCO2e;
above the 8,372 tCO2e threshold.
The GHG intensity result was
65 tCO2e/$M revenue, above
the threshold of 55 tCO2e/$M
revenue. This delivered a negative
outcome.
Seeka is prioritising the reduction
of scope 1 and 2 direct emissions.
Meaningful reduction of scope
3 and 4 indirect emissions is
challenging, and will rely on
decarbonising air freight and
domestic transport.
Overall result
This resulted in an
additional charge to the
interest rate in 2024.
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21SEEKA LIMITED | SUSTAINABILITY REPORT JUNE 2025
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.
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PO Box 47, Te Puke 3153, New Zealand
+64 7 573 0303, info@seeka.co.nz
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