Seeka Releases its 2026 Sustainability Report

30 June 2026
Seeka Releases its 2026 Sustainability Report
Seeka Limited [NZX:SEK] is pleased to present its 2026 Sustainability Report. The report provides an
update to stakeholders on Seeka’s progress against its sustainability goals.

Highlights include:

• Achieved the 30% reduction target in GHG category 1 & 2 emissions from the 2022 base year.
• 7 coolstores and 8 pre-coolers upgraded with low impact refrigerant gas, with 309 kgs of high
greenhouse gas refrigerants safely destroyed.
• 92 tonnes of kiwifruit donated to NZ Food Network, helping 39 food hubs feed families.
• 18% of vehicles are electric or hybrid as Seeka continues to decarbonise its vehicle fleet.
• 1,165 kW of solar providing power at five facilities.

Seeka’s 2025 carbon footprint reduced to 23,951 tonnes C02e from 26,682 tonnes C02e in 2024, as a
result of Seeka’s carbon reduction initiatives. Seeka remains committed to further 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

---

GROWING
SUSTAINABLE
FUTURES
SUSTAINABILITY REPORT
JUNE 2026

SUSTAINABILITY REPORT JUNE 2026 | SEEKA LIMITED
Packing SunGold Organic kiwifruit at Seeka Huka Pak

1SEEKA LIMITED | SUSTAINABILITY REPORT JUNE 2026
Contents
2 Welcome to Seeka's sustainability report
3 Sustainability spotlight
4 Governance of Seeka's sustainability programme
5 Seeka's ESG value framework
6 Environmental sustainability
23 Social sustainability
28 Financial sustainability
29 Glossary

SUSTAINABILITY REPORT JUNE 2026 | SEEKA LIMITED2
Welcome to Seeka's sustainability report
In 2025, Seeka delivered on its target to
meaningfully reduce greenhouse gas emissions.
Improved orchard and post harvest systems,
alongside investments in coolstore systems, solar
generation, electric vehicles, energy management
and renewable energy certificates helped Seeka cut
its net category 1 and 2 emissions by 30% from the
2022 base year.
In this report, Seeka details its progress to sustainably connect
produce to global markets by integrating environmental,
social, and governance (ESG) initiatives across its operations.
To give stakeholders a clear view of its sustainability systems
and initiatives, Seeka reports on its:
–Governance, and how Seeka is focusing on climate-
resilience,
–Environmental performance, and achievements to
reduce greenhouse gas emissions, including a risk and
opportunities analysis,
–Social performance, to support the wellbeing of Seeka's
employees and communities, and
–Financial performance, to generate and deliver sustainable
value for stakeholders.

3SEEKA LIMITED | SUSTAINABILITY REPORT JUNE 2026
Sustainability spotlight
47m trays
Supplied of highly-nutritious NZ kiwifruit
10% increase in healthy eating options
92 tonnes
Of kiwifruit donated to NZ Food Network
Helping 39 food hubs feed families
1165kW
Of solar providing power at five facilities
15% increase
7 coolstores
And 8 pre-coolers upgraded with low impact refrigerant gas
18% of vehicles
All electric or hybrid as Seeka continues to decarbonise
its vehicle fleet

SUSTAINABILITY REPORT JUNE 2026 | SEEKA LIMITED4
Governance of Seeka's sustainability programme
The governance responsibilities of Seeka’s Board include the oversight of all sustainability and climate-related risks. In
line with its commitment to delivering the best outcomes for all stakeholders, Seeka conducts its business ethically and
adheres to all legal and regulatory frameworks, including the NZX Corporate Governance Code.
Board decision making is supported by the Sustainability Committee, which is tasked with ensuring Seeka uses an
appropriate reporting framework, sets and measures targets, evaluates performance, assesses strategic implications, and
implements strategies that support long-term sustainability goals.
Board climate risk management is also supported by the Audit and Risk Committee (ARC), which is tasked with ensuring
Seeka's risks are well managed and that financial disclosures incorporate climate-related risks. The ARC also ensures that
climate change is captured by Seeka's risk management programmes, and oversees compliance with climate regulations.
To create sustainable value for today and future generations, Seeka focuses on four interconnected pillars:
–Climate – reducing emissions and supporting the transition to a lower-carbon future.
–Nature – protecting and enhancing the natural resources and ecosystems that underpin our business.
–People – supporting the wellbeing, development and success of our people and communities.
–Prosperity – creating long-term value for growers, shareholders and regional economies.
These pillars are underpinned by strong governance, providing strategic oversight, accountability and risk management
across the business.
Seeka's governance structure
BOARD OF DIRECTORS
SUSTAINABILITY COMMITTEE AUDIT AND RISK COMMITTEE
SENIOR MANAGEMENT TEAM
SUSTAINABILITY & RISK
MANAGER

CLIMATE
Taking action on climate
change and reducing
our emissions
PEOPLE
Supporting our people
and the communities we
work in.
Our activities
• Investing in energy efficiency and
low-emissions technology
• Transitioning to renewable

energy across operations
• Measuring and reducing our
emissions
Our activities
• Prioritising health, safety

and wellbeing
• Developing career pathways

to be an employer of choice
• Supporting local communities
and regional development
NATURE
Protecting and enhancing
the natural environment
we depend on.
PROSPERITY
Creating long-term value
for our shareholders,
growers and partners
Our activities
• Sustainable orchard practices

and soil health management
• Waste and resource management
• Water stewardship and

responsible use
Our activities
• Growing dividends and share
price
• Delivering strong grower returns
• Investing in regional economies
and creating local opportunities
Sustainable
Value
Creation
GOVERNANCE
Our foundation for responsible and sustainable performance.
Strong governance
and ethics
Risk management
and resilience
Accountability and
transparency
Compliance
and continuous
improvement
5SEEKA LIMITED | SUSTAINABILITY REPORT JUNE 2026
Seeka's ESG value framework
Growing sustainable value for today and generations to come.

SUSTAINABILITY REPORT JUNE 2026 | SEEKA LIMITED6
Environmental sustainability
Reporting Seeka's greenhouse gas footprint
Seeka measures and reports its greenhouse gas (GHG) emissions in accordance with ISO 14064-1:2018
Greenhouse gases. Seeka's emissions inventory has been independently verified by Toitū Envirocare annually since
2019, with the 2025 inventory achieving a reasonable level of assurance across all reported emissions categories.
Independent verification has enabled Seeka to establish robust emissions reduction targets and track progress.
Seeka aspires to achieve net zero emissions by 2050, with interim targets to reduce category 1 and 2 emissions by
30% by 2025 (achieved) and 50% by 2030.
GHG emissions 2025
In 2025, Seeka handled a record crop with a 10% increase in New Zealand kiwifruit volumes and a 25% increase
in Australian fruit production. While Seeka grew and packed more fruit, Seeka's initiatives to reduce post harvest
refrigerant emissions contributed to a 28% decrease in Seeka's category 1 direct emissions.
Seeka's core post harvest business relies on grid electricity to grade, cool and store fruit. Category 2 emissions
from grid electricity have two components; the volume of purchased grid electricity, which Seeka controls, and the
GHG emission factor attached to grid electricity, which is calculated by dividing the total emissions released in the
year to generate grid electricity, by the total energy provided.
While kiwifruit volumes increased by 10%, Seeka's electricity management limited the increase in purchased
electricity to 6%. However, increased fossil fuel generation within New Zealand's electricity system raised the
emissions intensity of grid electricity, contributing to a 38% increase in Seeka's category 2 emissions.
Gross location-based category 1 and 2 emissions
Seeka's sustainability initiatives contributed to a 3% decrease in Seeka's total direct category 1 and 2 emissions to
9,397 tonnes CO2e, with a 28% reduction in direct category 1 emissions countered by a 38% increase in category
2 emissions from electricity consumption due to the higher emissions factor from grid electricity. If the GHG
footprint per unit of grid electricity had remained the same as 2024, Seeka would have achieved a 12% reduction
in its gross location-based category 1 and 2 emissions.
Net market-based category 1 and 2 emissions
The location-based calculation gives the gross emissions without regard to any contractual agreements Seeka has
with its electricity suppliers. To factor in these agreements, Seeka also reports its market-based net emissions,
which includes the emissions intensity of the electricity Seeka purchases, which can differ from the grid average.
To reduce the impact of the higher emissions factor from New Zealand grid electricity in 2025, Seeka purchased
Renewable Energy Certificates (RECs) from its supplier tied to renewable electricity generated in New Zealand.
By purchasing then retiring these RECs, Seeka reduced its market-based total category 1 and 2 emissions to 7,071
tonnes CO2e. This mechanism allowed Seeka to nullify the significant increase in the GHG loading of grid electricity,
and achieve its 2025 target of a 30% reduction in total category 1 and 2 emissions from the 2022 base year.
Total gross GHG emissions
Total gross emissions from all categories were down 10% from 2024 to 23,951 tonnes CO2e. This includes
category 3 and 4 supply chain emissions, predominantly from third party transport of fruit to Seeka facilities,
and outbound transport to the markets. Reduced use of airfreight to deliver fruit to markets was the primary
contributor to the reduction in Seeka's total emissions in 2025.

7SEEKA LIMITED | SUSTAINABILITY REPORT JUNE 2026
Annual GHG footprint, 2021 to 2025
Absolute carbon footprint in tonnes CO2e
Total emissions
Gross location-based
category 1 and 2 emissions
19,864
22,839
17,987
26,682
23,951
Category 3 and 4 emissions
Net market-based
category 1 and 2 emissions
9,397
7, 07 1
Category20212022202320242025
1
Operational
3,9004,4655,6856,0604,393
2
Purchased electricity
4,4875,7082,8923,6265,004
3
Transport
3,9874,6184,48711,1287,748
4
Other
7,4908,0484,9235,8686,806
Total gross emissions
19,86422,83917,98726,68223,951
Category 1 & 2 emissions
Total gross emissions
8,38710,1738,5779,6869,397
Less RECs
( 2,326)
Total net emissions
8,38710,1738,5779,6867,071
Emission boundaries
Transport-related emissions for class 1 New Zealand kiwifruit from 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 New Zealand 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.

SUSTAINABILITY REPORT JUNE 2026 | SEEKA LIMITED8
Seeka achieved all of 2025's sustainability targets
18% of fleet vehicles
now full electric or hybrid
Surpassed 2025 target of 15%
1165kW of solar powering operations
Surpassed 2025 target of 1000kW
GHG category 1 & 2 direct emissions
2022202520302050
Net
Zero
Base Year
10,173 tCO2e
ACTUAL
7, 0 7 1 tCO2e
ACTUAL
5,087 tCO2e
TARGET
70
%
50
%
30% reduction50% reduction100% reduction
Achieved 30% reduction
in GHG category 1 & 2 emissions
From 2022 base year

9SEEKA LIMITED | SUSTAINABILITY REPORT JUNE 2026
2,302
2,852
2,608
2,742
2,768
Refrigerants
Tonnes CO2e
Fossil fuels
Tonnes CO2e
Fertilisers
Tonnes CO2e
1,251
1,388
2,923
3,113
1,456
251
202
154
205
169
202120222023202420252021202220232024202520212022202320242025
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 2025, Seeka retrofitted seven legacy coolstores and eight
pre-coolers that used high GWP gases with lower impact alternatives, and upgraded detection systems
to quickly identify leaks.
Fuel emissions. Seeka has a substantial vehicle and machinery fleet to provide orchard services to
multiple regional locations. 18% of staff vehicles are now transitioned to either hybrid or full electric.
Seeka continues to trial 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 2025, Seeka
achieved a decrease in fertiliser emissions despite an increase in production.

SUSTAINABILITY REPORT JUNE 2026 | SEEKA LIMITED10
Category 2 emissions
Kiwifruit processing and cooling is energy intensive.
In 2025, Seeka's energy consumption was 6% higher
than 2024, primarily from packhouses and coolstores
operating longer due to higher crop volumes. While
energy use rose 6% on higher volumes handled, a
higher GHG emissions factor due to New Zealand grid
electricity resulted in a 38% lift in category 2 emissions.
The higher emissions factor was due to New Zealand
generators burning more coal to supply the grid in 2025.
To reduce Seeka's category 2 emissions, in 2025 Seeka
purchased and retired Renewable Energy Certificates
tied to New Zealand's renewable energy generation. This
helped Seeka achieve a 30% reduction in total category 1
and 2 emissions on the 2022 base year.
Category 2 emissions
Tonnes CO2e
4,487
5,708
2,892
3,626
5,004
20212022202320242025
Gross location based
Net market based
after applying RECs
2,678

11SEEKA LIMITED | SUSTAINABILITY REPORT JUNE 2026
Greenhouse gas emissions intensity
Seeka reports the intensity of its GHG emissions against three key metrics of operational activity. Emissions are
benchmarked against:
–Group revenue,
–The volume of kiwifruit packed in New Zealand, and
–Number of permanent employees.
By normalising GHG emissions against business activities, Seeka can measure the performance of its
sustainability initiatives in a growth industry.
Restatement of GHG intensity measures
Initially, Seeka reported total emissions against the three intensity measures. This included category 3 and 4
emissions that are largely beyond Seeka's control, and not directly covered by Seeka's sustainability initiatives. To
more accurately report Seeka's performance, in 2025 Seeka used total category 1 and 2 emissions to recalculate
the intensity-based measures. This gives a clearer indicator on the performance of Seeka's sustainability
initiatives, and provides better insights into operational efficiency and resource management.
2 7.1
29.2
28.5
23.5
21.4
20212022202320242025
Emissions intensity
on Group revenue

Category 1 and 2 tonnes CO2e
per $1,000,000 of revenue
310
348
301
411
440
471
Group revenue NZD Millions
12.6
12.7
14.2
15.6
14.7
20212022202320242025
Emissions intensity
on employees
Category 1 and 2 tonnes CO2e
per permanent employee
665
804
602
620
640
Permanent employees
21.4
24.2
28.8
22.5
20.0
20212022202320242025
Emissions intensity
on volumes handled
Category 1 and 2 tonnes CO2e
per 100,000 class 1 trays packed
392
420
298
430
471
100,000 class 1 trays packed
1. The emissions used to calculate intensity was revised in 2025 to focus on total category 1 and 2 emissions which directly produced by Seeka operations.

SUSTAINABILITY REPORT JUNE 2026 | SEEKA LIMITED12
Seeka first tested solar at the Seeka 360 head office 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.
In 2025 a 154kW system was installed at Seeka
Peninsula, bring Seeka's total production to 1165kW.
Seeka 360
Seeka Australia
Seeka Katikati
Seeka Kerikeri
30kW180kW236kW345kW
Seeka solar panel programme
20182019202020222021202120232024
Seeka Peninsula
1165kW
Total capacity
154kW
2025
220kW

13SEEKA LIMITED | SUSTAINABILITY REPORT JUNE 2026
Environmental initiatives
The environment is fundamental to Seeka’s success. Healthy soils, clean water and thriving ecosystems support
the production of high-quality produce and the long-term success of Seeka's growers, employees, communities
and customers. Seeka recognises the importance of protecting and enhancing the natural resources and is
working to reduce its environmental impact, improve resource efficiency and support its long-term sustainability.
Energy audits and energy metering
Seeka is focusing on energy efficiency with external energy audits undertaken at three of its largest post harvest
sites and enhanced energy metering.
By focusing on how energy is used across operations, Seeka's energy audits at Seeka Huka Pak, Oakside, and
Katikati have identified opportunities to improve overall efficiency, particularly within refrigeration systems, which
are major energy consumers.
Seeka has also invested in Panoramic Power sub meters that provide detailed data on electricity consumption
patterns at site and equipment level, with the information guiding new energy efficiency initiatives including
investments in solar, and optimising systems and operations to reduce peak power demand and total energy
consumption.
Efficient use of resources
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 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 92 tonnes of kiwifruit distributed free to 79 food hub
communities throughout the North Island,
–Operating a value-added recovery programme to produce the nutrient-rich kiwifruit drink Kiwi Crush™ from
process-grade kiwifruit,
–Producing and marketing avocado oil from process-grade avocado through Seeka's new LUVO™ consumer oil
brand,
–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.

SUSTAINABILITY REPORT JUNE 2026 | SEEKA LIMITED14
Value-added processing and circular economy
Seeka is strengthening its circular economy through value-added processing that maximises produce use.
Through Seeka's subsidiary, the Delicious Nutritious Food Company (DNFC), Seeka transforms fruit not suitable
for fresh retail into high-quality food products.
In 2025, Seeka launched LUVO™, a premium avocado oil brand focused on producing high-quality oils from
avocados not destined for fresh markets, creating versatile, premium products with a lower waste footprint.
DNFC also produces Kiwi Crush™ from New Zealand-grown kiwifruit. By producing nutritious and convenient
food products, Kiwi Crush™ helps close the loop on food waste while making the health benefits of kiwifruit more
accessible to consumers. With LUVO™ and Kiwi Crush™, Seeka generates additional value for growers from the
produce it handles, creating new revenue streams, and supporting sustainable food production.

15SEEKA LIMITED | SUSTAINABILITY REPORT JUNE 2026
Improving nutrient and soil management
Seeka is improving nutrient and soil management through slow-release fertilisers and variable rate fertilisation.
By using slow-releasing coated urea fertilisers, Seeka is better matching nitrogen release to plant demand. By
improving nitrogen use, Seeka's fertiliser programme is forecast to remove one application across targeted
orchards, with the added benefits of reducing machinery passes, lowering fuel use, minimising soil compaction,
and improving operational efficiency.
Seeka is also expanding its variable rate fertiliser programme with more than 80 hectares now in operation.
Working alongside agronomy specialists, Revive, Seeka is undertaking detailed orchard block soil sampling to
create nutrient maps and tailored application plans. Using GPS-enabled spreading equipment, fertiliser rates
are automatically adjusted as machinery moves through the orchard, ensuring nutrients are applied only where
needed and in the required amounts.
Together, these two initiatives work to improve nutrient use, reduce loss to the environment, lower emissions
and support healthier soils. They can also help maintain orchard ground cover such as clover. Seeka is working to
expand the use of these improved systems across its orchard network.
Pest management supports healthy environments
Seeka's pest management programme includes the effective reduction of possum populations. For example, at
Longridge Orchard in Te Puke, managed by Seeka under a long-term lease, two trappers removed 482 possums in
the spring of 2025 as part of a collaborative pest control effort to protect productive land, native biodiversity, and
the long-term sustainability of New Zealand orcharding.
Smarter management in Seeka avocados
Seeka is improving avocado orchard sustainability through smarter fertilising and pest management.
Phosphate has been reduced by promoting the use of phosphate-free fertiliser blends, with phosphate only
applied as a corrective treatment as needed. This reduces unnecessary nutrient use while maintaining tree
performance. Seeka also monitors soil microbial activity using hot water carbon and nitrogen testing to identify
the soil’s natural nitrogen-fixing capacity and then tailoring fertiliser application to cut nitrogen use.
Through the AvoGreen Integrated Pest Management System, spray programmes are also timed to pest life cycles.
This includes protecting bees by applying mirid sprays prior to pollination, and where possible selecting sprays
that control multiple pests.
Electrification of orchard equipment
Introduced in 2024, Seeka's two electric ATVs (eATVs) are testing the application of electric machinery in the
horticulture sector, and Seeka is working with the supplier to improve battery performance and range.
While operators find the vehicles quiet, smooth and easy to use, Seeka's eATVs have lowered emissions and
require less maintenance than traditional ATVs. Seeka's eATV project is providing insights into the opportunities
and challenges of electrifying orchard equipment.
Smarter solutions for sustainable orchards

SUSTAINABILITY REPORT JUNE 2026 | SEEKA LIMITED16
Refrigerants can have a high global warming potential (GWP) and a large environmental
footprint if released into the atmosphere.
Seeka's capital programme includes retrofitting coolstores with low GWP drop-in refrigerant gases. In 2025,
Seeka retrofitted seven coolstores and eight pre-coolers at Seeka Huka Pak and Seeka Katikati with low GWP
refrigerants, with 309 kilograms of old refrigerants extracted and sent to Cool-Safe, New Zealand’s accredited
product stewardship scheme for certified destruction. Further coolstores at Seeka Pioneer and Seeka KKP are
being retrofitted in 2026.
Alongside coolstore retrofitting, Seeka’s new coolstore builds use natural ammonia-based refrigerant systems,
that have zero ozone depletion potential, negligible GWP, and high thermodynamic efficiency. Ammonia
refrigerant systems also use less energy than most synthetic refrigerant systems. Seeka is pairing its ammonia
refrigerant systems with glycol as a secondary coolant, which improves thermal distribution while reducing total
refrigerant use.
Industry collaboration on refrigerant transition
Seeka is a founding participant in the Kiwifruit Postharvest Industry Refrigerant Decarbonisation Project that is
progressing the transition to low GWP refrigerants. Composed of five post harvest operators, the project has
trialled installations, evaluated lower-emission technologies and generated industry-wide insights to support
investment decision making. By better understanding alternative cooling solutions, the project is helping lower
emissions, strengthen industry resilience and support the long-term sustainability of the kiwifruit industry.
Pallet of RubyRed kiwifruit being taken to the pre-coolers at Seeka Huka Pak.
Sustainable cooling with natural refrigerants

17SEEKA LIMITED | SUSTAINABILITY REPORT JUNE 2026
Climate strategy and resilience
Climate change has impacted Seeka’s people, the land Seeka operates on and the quantity and quality of
the fruit Seeka handles. Seeka is operating in a changing climate environment. By handling diverse crops in
multiple growing regions, Seeka is understanding how changing climates influence plant health, yields, fruit
quality, operations and long-term resilience, and is mitigating its effects. Seeka is incorporating climate-related
considerations into its governance, risk management and strategic planning processes to create sustainable value
for stakeholders.
Governance oversight is provided by the Board’s Sustainability Committee, supported by Seeka’s Senior
Management Team, with climate-related matters incorporated into risk management assessments.
Seeka reports the physical and transitional risks and opportunities associated with climate change, and how
these may influence Seeka’s operations, strategy, financial planning, and long-term resilience. This includes
consideration of operational impacts, emerging trends and opportunities to strengthen efficiency, resilience,
competitive positioning and awareness of evolving markets.
Strategy
Seeka's strategy is to understand how climate change is currently impacting operations, and consider how this
may change. This includes a climate-related scenario analysis based on potential warming, and how Seeka will
position itself as the world transitions towards a low-emissions, climate-resilient future.
Climate-related scenario analysis
Seeka assessed three climate scenarios to understand the potential impacts of climate change on its operations
and long-term strategy. The analysis highlighted an increased uncertainty and supports Seeka’s assessment of
climate-related risks and opportunities that inform long-term planning, investment decisions and risk mitigation
activities.
ScenarioDescription
Sustainable
SSP1 - 1.9
1.5
O
C warming
A lower-emissions future with generally favourable growing conditions and opportunities to
expand kiwifruit production into new regions. While some climate-related disruptions may
still occur, overall impacts are expected to be manageable.
Middle of the road
SSP2 - 4.5
2.1
O
C to 3
O
C
warming
A future characterised by increased weather variability and climate-related disruptions.
Greater investment in resilience, adaptation and climate-ready infrastructure may be
required to maintain productivity and operational performance.
Challenging
SSP3 - 7.0
3.1
O
C to 4
O
C
warming
A higher-emissions future with more frequent extreme weather events and changing
growing conditions. Some regions may become less suitable for existing varieties, requiring
adaptation, diversification or changes to production systems.

SUSTAINABILITY REPORT JUNE 2026 | SEEKA LIMITED18
Climate-related risk and opportunity analysis
Seeka has identified climate-related risks and opportunities that are currently, or may in the future, impact
the business. The speed and severity of future impacts will depend on the effectiveness of Seeka's mitigation
strategies. By identifying and managing these risks and opportunities, Seeka is building resilience.
Seeka prioritises its risks and opportunities to a set of time horizons.
–In the short term (2026–2027), Seeka’s budgeting and business planning processes set capital expenditure
allocations and financial commitments for the upcoming year.
–In the medium term (2026–2030), Seeka evaluates risks, opportunities, and business impacts to guide capital
investment and strategic business decisions. Climate considerations focus on mitigating risks such as extreme
weather events, regulatory changes, and shifting market expectations. Seeka actively integrates emissions
reduction initiatives, and energy efficiency improvements into its capital expenditure and operational
strategies.
–In the long term (2030–2050), Seeka’s incorporates extended climate horizons, factoring in long-term
orchard leases, facility investments, and market expansion strategies. This includes diversification into new
fruit varieties and markets to build resilience to climate-related shifts.
Frost protection system being tested at a SunGold kiwifruit orchard.

19SEEKA LIMITED | SUSTAINABILITY REPORT JUNE 2026
Physical risks and opportunities
RiskLikelihoodImpactTime
horizon
Description
Changing weather
patterns reduce fruit
yields and quality.
MediumMediumMedium
term
Changing weather patterns could change summer rainfall and
decrease winter chill hours, which could lower yields, reduce
fruit quality and storage, and increase reliance on artificial
budding chemicals. An increase in the risk of droughts could
lead to dryer soils degrading soil quality and biodiversity.
Mitigation: Diversified crops, improved irrigation and soil
management, and targeted innovation to support orchard
resilience.
Extreme weather
events reduce fruit
yields and quality.
LowMediumShort
term
Events such as heavy rain (flooding), frost, hail, high winds, heat
waves and fire can physically damage plants and impact fruit
yields and quality.
Mitigation: Orchard protection and proactive weather
monitoring help minimise extreme weather impacts.
Rising sea levels
cause coastal
erosion and rise
water tables.
LowLowLong
term
Higher sea levels raise the water table and increase the
salinity of ground water, with soils drain less freely causing rot.
Unprotected coastal orchards risk coastal erosion.
Kiwifruit orchards and post harvest operations are mainly inland
and are not expected to be impacted by rising sea levels.
New pests and
diseases impact fruit
yields.
MediumMediumMedium
term
Pest species may survive winter periods due to reduced
frost events which act as a natural regulator, and increased
temperatures could create climates suitable for new exotic pests
and diseases.
Mitigation: Integrated pest management, including monitoring,
weed and host plant control, and beneficial planting.
OpportunitiesLikelihoodImpactTime
horizon
Description
Increased soil CO2.MediumLowLong
term
Higher soil CO2 levels can improve plant water use by
optimising photosynthesis, reducing transpiration, enhancing
stress tolerance, and promoting the development of robust root
systems. These adaptations contribute to a more efficient use of
water resources, supporting sustainable plant growth in varying
environmental conditions.
Regional climate
shifts.
MediumMediumLong
term
The emergence of new growing regions due to climate
change presents Seeka with strategic opportunities for
geographic expansion and crop diversification. By seizing these
opportunities, Seeka can adapt to the shifting climate landscape
while promoting both growth and sustainability across its
operations.

SUSTAINABILITY REPORT JUNE 2026 | SEEKA LIMITED20
Market risks and opportunities
RiskLikelihoodImpactTime
horizon
Description
Changing consumer
preference and
market restrictions.
MediumMediumShort
term
Market access may be restricted by new border criteria.
Changing consumer preferences favouring low carbon and
organic fruit could reduce demand for conventional fruit.
Mitigation: Monitoring market opportunities, promoting
organics, and maintaining regulatory compliance.
Increasing cost of
inputs with a carbon
footprint.
MediumHighShort
term
Market mechanisms are a tool to charge polluters with a carbon
footprint. Rising demand for carbon neutrality could increase the
cost of carbon offsets.
Mitigation: Sustainability programme and investments to
reduce GHG emissions.
OpportunitiesLikelihoodImpactTime
horizon
Description
Changing consumer
preference and
market access.
MediumHighMedium
term
Increasing consumer demand for sustainably produced and
healthy food presents an opportunity for Seeka. This highlights
a shift in preferences toward environmentally conscious and
health-focused products. Seeka's market access could expand
further if New Zealand accelerates its transition to sustainability
ahead of other global economies.
Sustainable
financing.
MediumLowShort
term
Sustainable financing for companies focused on sustainability
and low-carbon developments present a opportunity to reshape
the way projects are funded and executed.
Policy and legal risks
RiskLikelihoodImpactTime
horizon
Description
Regulatory
restrictions on water
use.
MediumMediumShort
term
Tightening of water use restrictions could lead to insufficient
water access, impacting crop yields and plant health.
Mitigation strategy: Investments in water rights, targeted
irrigation systems, and investigation of drought-resistant crops.
Regulatory
restrictions on
chemical use.
MediumMediumShort
term
Changing restrictions on chemicals used for pest control and
crop maintenance could impact crop yields and fruit quality.
Mitigation strategy: Use of best-practice crop management and
evaluation of alternative techniques.

21SEEKA LIMITED | SUSTAINABILITY REPORT JUNE 2026
Climate and business model
Seeka's ongoing measurement, reporting and verification of its GHG emissions has provided insights into Seeka's
climate-related risks and opportunities, and allows climate considerations to be integrated into business planning.
Climate strategy
Independent verification has provided a credible foundation for climate action and target setting. Seeka aspires to achieve
net zero emissions by 2050 and has established interim targets to reduce absolute Scope 1 and 2 emissions by 30% and
50% from a 2022 baseline by 2025 (achieved) and 2030 respectively. Seeka continues to focus on practical initiatives
that reduce emissions, improve energy efficiency and strengthen operational resilience.
Climate-related capital allocation
Insights gained through ongoing emissions measurement and climate risk assessment help inform Seeka’s investment
decisions and long-term planning. Climate-related risks and opportunities are considered as part of the annual budgeting
process, with capital allocated to initiatives that support emissions reduction, energy efficiency and climate resilience.
This includes investments in renewable energy, lower-emission refrigeration systems, electrification and operational
efficiency projects.
Climate resilience and adaptation
Seeka recognises that climate-related risks and opportunities will continue to evolve. Through ongoing emissions
reporting, climate risk assessments and scenario analysis, Seeka continues to improve its understanding of potential
impacts and opportunities. This information supports informed decision making and helps build resilience across Seeka’s
orchard and post harvest operations.
Risk management
Seeka manages climate-related risks through its existing enterprise risk management framework. Climate risk is identified
as a standalone risk within Seeka’s Risk Register and is reviewed twice annually by the risk owners (the Chief Financial
Officer and Sustainability and Risk Manager), Senior Management, and the Audit and Risk Committee.
Climate-related risks and opportunities are identified through climate scenario analysis, operational reviews, emerging
risk assessments, and engagement with key stakeholders across the business, including finance, sustainability, operations
and research and development. Risks are assessed based on their likelihood, potential impact and Seeka's ability to adapt
or respond. Appropriate controls, mitigations and actions are documented within the Risk Register and supported by
evidence where practicable.
The Audit and Risk Committee, with input from the Sustainability Committee, oversees the management of climate-
related risks as part of Seeka’s broader risk management processes and reports to the Board on a regular basis. This
integrated approach ensures climate-related considerations are incorporated into strategic decision-making, operational
planning and long-term business resilience.

SUSTAINABILITY REPORT JUNE 2026 | SEEKA LIMITED22
Time horizons, value chain and frequency of climate-related risk management processes
Climate-related risk management processIntegration into Seeka's risk management
Climate change risk assessment - risk identification
Climate-related risks are reviewed by members from
finance, sustainability, operations and R&D.
Undertaken over all climate planning horizons.
Undertaken yearly.
Covers all business segments.
Climate risk reporting - risk reporting
Once the Sustainability Committee has assessed climate-
related risks, they are collated, summarised and reported to
the Audit and Risk Committee for inclusion into the Seeka
Risk Management Framework.
Undertaken over all climate planning horizons.
Undertaken yearly.
Covers all direct operations.
Enterprise risk management - risk assessment
Risks are presented to the Audit and Risk Committee, which
reviews the risks and provides any feedback. Risks are then
reported to the Board semi-annually.
Undertaken over medium term planning.
Undertaken yearly.
Covers all business segments.
Risk relative prioritisation process
Seeka maintains a single risk register that incorporates climate change. This means that climate change risks are tested
under the same methodology as all other risks and therefore prioritised in accordance with the remaining unmitigated
risks that exists. Climate change is in Seeka’s top ten risks for the company.
Strategies for resilience
To build resilience, Seeka assesses climate-related risks and opportunities and identifies practical mitigations.
StrategyAction
Diversified crop portfolioSeeka is growing a variety of crops across different regions to spread climatic and
operational risk and improve resilience.
Enhanced irrigation systemsSeeka is investigating irrigation technologies and water management practices that
support efficient water use and maintain soil moisture levels.
Soil health managementSeeka is exploring practices that support healthy biological soils, soil structure,
fertility and long-term orchard productivity, including cover cropping and organics.
Orchard protectionSeeka is maintaining and assessing orchard shelter, frost protection, and drainage
systems to mitigate the impacts of adverse weather events.
Supporting healthy ecosystemsSeeka is protecting and enhancing wetlands, waterways, biodiversity, and natural
growing environments.
Horticultural innovation and
monitoring
Seeka is monitoring, testing, and improving understanding of modern horticultural
techniques and technologies to support plant health, productivity, fruit quality and
long-term yields.
Technology and operational
efficiency
Seeka is assessing modern technology, machinery, artificial intelligence (AI), fruit
processing systems, and coolstorage techniques to improve operational efficiency,
product quality, energy performance, and climate resilience.
Monitoring market opportunitiesSeeka is assessing changing consumer preferences, market trends and opportunities
associated with climate adaptation, sustainability, and emerging crop varieties.

23SEEKA LIMITED | SUSTAINABILITY REPORT JUNE 2026
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 creating 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 committed to building a workplace where people from diverse backgrounds, experiences and
perspectives feel valued, respected and supported to contribute. Our Diversity Policy recognises diversity across
gender, ethnicity, culture, religion, marital status, disability, economic background, education, language and sexual
orientation.
Our workforce reflects the communities we operate within and the global nature of the horticulture sector. This
includes tangata whenua, local employees, working holiday visa holders, and seasonal workers from the Pacific
and Asia engaged through the Recognised Seasonal Employer (RSE) scheme.
The Seeka Board considers diversity and inclusion an important component of effective governance and
leadership. In 2025, 75% of independent directors identified as female, and 36% of directors and senior managers
identified as female.
As part of our commitment to creating pathways for leadership and development, Seeka continues to support
women into senior operational roles and have made progress within the post harvest sector. Two female regional
post harvest managers currently lead large, time-critical operations within Seeka and remain the only women in
equivalent roles across the New Zealand kiwifruit post harvest industry.
Seeka continues to monitor gender pay equity and remains committed to improving outcomes over time.
In 2025, Seeka welcomed 1,146 RSE workers through our RSE programme. The programme is designed to support
worker wellbeing, provide fair remuneration and safe working conditions, and contribute positively to the long-
term development of Pacific and Malaysian communities connected to the scheme.
Seeka is also an active member of the New Zealand Ethical Employers and works collaboratively with industry
partners to promote ethical, transparent and compliant employment practices across the horticulture sector.

SUSTAINABILITY REPORT JUNE 2026 | SEEKA LIMITED24
Pōwhiri led by kaumātua Kipa Munro welcoming
Northland growers and Seeka personnel
to Seeka's new Reemoon packline at Seeka Kerikeri.

25SEEKA LIMITED | SUSTAINABILITY REPORT JUNE 2026
Seeka's People Strategy
Seeka has centralised its People strategy through a revised reporting structure, aligning People and Capability, the
Recognised Seasonal Employer (RSE) programme, and Health and Safety. This integrated approach strengthens
coordination across key people functions and supports Seeka's drive to deliver exceptional returns to shareholders
and strong returns to growers.
Seeka's people strategy focuses on creating a healthy workplace for all permanent and seasonal employees.
This includes recruiting and retaining an empowered permanent workforce that “grows our own trees” through
rewarding career pathways, and supporting an engaged seasonal workforce that rewards Seeka's safe and positive
workplace by returning season after season. To support employees, Seeka sets clear and realistic expectations so
employees can feel proud of their achievements as they pursue their career and life ambitions.
Seeka's people strategy is established on five pillars that support positive outcomes for employees and Seeka.
Workforce
attraction
Having the right
people at the
right time and
right place
Workforce
retention
Employees
clearly
understand
what Seeka
offers and what
Seeka expects
in return
Training and
development
A capable,
future-ready
workforce
with the skills,
leadership and
succession
needed to
deliver Seeka's
strategy
Regulatory
compliance
Understood,
met and
monitored
Healthy
workplace
Health, safety
and wellbeing
are proactively
managed

SUSTAINABILITY REPORT JUNE 2026 | SEEKA LIMITED26
Health, safety and wellbeing
Seeka’s Our Health, Safety, and Wellbeing programme is focused on minimising harm and supporting the wellbeing of
our people across orchards and packhouses. The programme is supported by a dedicated Health and Safety team and
underpinned by compliance with the GlobalG.A.P. GRASP module, which addresses worker health, safety and welfare in
agricultural operations.
In 2025, Seeka's strategy focused on stronger communication, streamlined processes, improved contractor induction
compliance, the launch of the SeekaYou wellbeing programme, and a significant increase in audits to strengthen visibility
across the business.
For 2026, Seeka is prioritising zero serious harm injuries and reducing lost time injuries (LTIs). A key focus will be Seeka’s
Critical Risks, helping employees understand the highest-risk activities such as forklift loading and unloading, and
packline moving machinery, and the controls required to keep themselves and others safe.
In 2025, Seeka invested in the Inviol AI camera safety system at Huka Pak, which helps identify near misses, PPE gaps,
exclusion zone breaches and unsafe vehicle interactions. Seeka's AI camera safety system is providing real-time insights
for coaching and proactive risk management.
Seeka's wider wellbeing initiatives include free and confidential access to an Employee Assistance Programme (EAP),
health, life and trauma insurance for permanent employees, in-house gym facilities at many sites, yoga, social club
activities, and a whistleblowing policy.
Supporting communities where we operate
Seeka supports the communities where our people live and work through sponsorship of local events, clubs, and
communities. In 2025, Seeka was the naming rights sponsor of the Te Puke Christmas Parade and also supported a wide
range of cultural, sporting, agricultural and family-focused events.
These included the Katikati Avo Fest, Flight of the Kōkako trail run, Flavours of Plenty, local A&P Shows, school
competitions, surf lifesaving, youth holiday programmes, multicultural festivals, kapa haka events, and community
markets. Through these partnerships, Seeka helps strengthen community connections, celebrate local diversity, and
contribute to vibrant regional communities.
Donations
In 2025, Seeka donated $251,211 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 2025 Annual Report.

27SEEKA LIMITED | SUSTAINABILITY REPORT JUNE 2026
Seeka Christmas Lights Trail brings community together
Seeka’s first ever Christmas Lights Trail, held at Seeka’s head office in December 2025, brought festive cheer
to the local community, supported local businesses, and raised funds for a worthy cause. Thousands of visitors
walked the illuminated trail and enjoyed the creative displays designed by Seeka teams. Adding to the festive
atmosphere was a Christmas market featuring local crafts and food stalls, with visitors supporting local vendors
while enjoying the trail.
The event raised $8,860 in gold coin donations, with proceeds going to The Hub Te Puke, a local organisation
providing a food bank and social services. The charity was selected by the winning team, Welcome to Whoville,
whose display was chosen as the overall winner of the trail. The Christmas Lights Trail showcased the creativity,
teamwork and community spirit of Seeka people; it was a special way to celebrate the season while giving back to
the wider Te Puke community.

SUSTAINABILITY REPORT JUNE 2026 | SEEKA LIMITED28
Financial sustainability
Seeka is a key service provider to New Zealand's horticultural industry, connecting growers'
produce to their international and domestic markets. To be successful, Seeka must deliver
value to shareholders, growers, employees and our communities through a professional,
cost-efficient service.
This includes consistently supplying the markets with high-quality fruit which maintains consumer demand and
generates rewarding grower returns, which in turn supports sustainable fruit production, meaningful employment,
and healthy communities. Delivering a professional service also requires investments in technology and systems
that deliver efficiency gains, and generate rewarding margins for Seeka shareholders.

Exit from the sustainability-linked loan
Since 2023, Seeka’s Sustainability-linked loan (SLL) helped set clear targets to lift Seeka's sustainability
performance. When the loan was refinanced in June 2026, Seeka chose to remove the Sustainability-linked loan
structure, with the discipline and progress created through the process now well established within the business
and able to continue through Seeka’s governance and management processes.
Seeka achieves SLL 2025 targets
Established in June 2023, Seeka's SLL set yearly targets through to 2028 for solar installations, health and safety,
and greenhouse gas reduction. In 2025, the SLL targets were reestablished to focus on the reduction in category 1
and 2 GHG emissions, along with an ongoing increase in Seeka's solar energy generation capacity.
TargetOutcomeCommentary
Greenhouse Gas
Reduction
Discount threshold
achieved
Improved refrigerant leak monitoring, the retrofitting of
coolstores with eco-friendly refrigerants, the transition
to hybrid and electric vehicles, and the purchase and
retirement of renewable energy certificates helped
Seeka achieve the discount GHG threshold in 2025.
Solar
Discount threshold
achieved
The installation of 154kW of new solar capacity at
Seeka Peninsula in 2025, brings Seeka's total generation
capacity to 1165kW, which achieved the discount solar
threshold in 2025.
Overall resultACHIEVED

29SEEKA LIMITED | SUSTAINABILITY REPORT JUNE 2026
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.
Location based
emissions
Applies to category 2 emissions from purchased electricity based on the grid emissions
factor.
Market based
emissions
Applies to category 2 emissions from purchased electricity based on the grid emissions
factor, plus any contractual agreement with generators that impact the emissions factor of
purchased energy.
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.

34 Young Road, RD 9, Te Puke 3189
PO Box 47, Te Puke 3153, New Zealand
+64 7 573 0303, info@seeka.co.nz
seeka.co.nz