Sanford Limited An exchange of confidence: using our sustainability audit to strengthen our social licence

Telling the Sanford story 151 years of seafood history Our Brand. Our People. Our Products.

Ensuring we’re all in the same conversation

Definitions

• Sustainability - social, economic and environmental pillars

• Sustainable seafood - QMS

• Sustainability audit – GRI G4 standard

• Sustainability report – integrated with our Annual Report

• Social license – a gauge on the level of community approval we have

Community acceptance can sometimes feel like a rare thing when you work for a large commercial fishing company

Sanford’s Social License to Operate

• Is the level of ACCEPTANCE (approval) we have from our local communities and stakeholders

• It’s OUTCOME driven, based on what others think of our behaviour and what they perceive our values are

• It’s comprised of TRUST generated from our actions and reputation

• It is not a ‘licence’ that we can physically acquire

• It needs our ONGOING attention for retention

Requires us to consciously and continuously audit ourselves and to communicate our results to others openly and transparently

Unpacking Sanford’s Social License to Operate

Who are we – where have we come from - where are we going ? Why do we do what we do – what drives us to leadership roles?

Our Values – passion, integrity and care Our Business Culture - how we reflect this in our work Walking our talk – our ethics as expressed by our actions

Our Vision is to be the best seafood company in the world The sustainability report is our audit – to be the ‘employer of choice’ is a litmus test of success

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Financial Non-financial

Sanford’s Integrated Annual Report

By integrating sustainability into our Annual Report it brings credibility to our disclosures.

Tracking our business – then using all the great data to tell our story

Economic – equity, assets, liabilities, profit and loss, shareholder disclosures Social – employee profiles, health and safety, training, cultural awareness, community engagement Environmental – fishing and maritime compliance, fish stocks, marine health, protected species, pollution controls, resource management

Sanford, commercial fishing and our great New Zealand seafood

• Without an active social media presence others define who we are • Facebook, Twitter and Instagram give us a voice in the conversation

A thoughtful social voice Always transparent, always helpful. We are not shy. We own our story. We appreciate people taking the time to talk to us. We are never negative in our replies. We are always fair and ‘the better person’. We use mature, colloquial New Zealand English in our posts. We do not use corporate or industry jargon.

• Our sustainability audit is a yearly health check • It should tell us what the material issues are & identify sleeper issues • Understand our vulnerabilities and prioritise our effort • Yearly reporting forces us to ‘out’ ourselves • Our values will guide our responses (physical actions) to problems

To be confident in a conversation we need to know ourselves

Our social license is ALL about how we chose to respond and the community’s judgement of that response

Sanford King Salmon

• Farmed on Stewart Island

• Processed in Bluff

• Sold

Sanford Stewart Island

where we grow Salmon, Mussels, Oysters sustainably

Government Social License Audit

• What did people think of us? • Where we involved in our community ? • Do we provide ‘valued’ employment ? • Are we able to share resources, the space ? • Do we support others in the supply chain ?

This is who we are. We are proud of what we do.

We will listen. We are prepared to lead.

Ali Undorf-Lay

Industry Liaison Manager Sanford Ltd, New Zealand.

aundorflay@sanford.co.nz | (64) 27 293 7795