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Seeka releases Sustainability Report

ESG27 June 2022SEKConsumer Staples

1SEEKA LIMITED | ANNUAL REPORT 2021
JUNE 2022

SUSTAINABILITY REPORT

Growing
futures

1SEEKA LIMITED | SUSTAINABILITY REPORT JUNE 2022
Contents

This integrated report links to videos and

other information stored on the internet.

Scan the QR codes with your smartphone

camera to view extra material.

3 Welcome to sustainable Seeka

3 Seeka's sustainability journey

6 Sustainability highlights

7 CO2e reduction targets

8 We are Seeka

9 Our geographical footprint

This integrated report links to videos and

other information stored on the internet.

Click on the QR codes or scan with your

smartphone camera to view extra material.

The best way to view this integrated report is with Adobe Acrobat Reader.

To navigate, click the section headers listed above. You can also click

any light blue text for direct links to additional information. To return to a

contents page, click the navigation header at the top of each page.

11 Environmental sustainability

11 Seeka's core business is sensitive to

changing climates

11 Reporting framework and initiatives

12 Seeka's absolute carbon footprint

15 Intensity-based performance indicators

16 Insights into Seeka's emissions

19 Carbon reduction initiatives

27 Social sustainability

27 Social programmes

33 Governance

34 Climate change risk and opportunity

analysis

36 Seeka and the United Nations

Sustainable Development Goals

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SUSTAINABILITY REPORT JUNE 2022 | SEEKA LIMITED2
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3SEEKA LIMITED | SUSTAINABILITY REPORT JUNE 2022
Welcome to sustainable Seeka

Welcome to Seeka's first comprehensive Sustainability Report where we describe our

journey to be a leader in sustainability, as we watch over our environment and with

our communities produce and supply the world with safe, high-quality, New Zealand

and Australian fruit. Sustainability is central to our business and lies at the heart of

our brand value Growing Futures.

Seeka's sustainability journey

Seeka is driving to be a sustainable business. The environment, our employees, suppliers and customers

are critical to our success, and we are committed to long-term sustainable production and meaningful

employment.

Seeka aims to be net zero carbon by 2050, an employer of choice, provide excellent service to our clients

and support the wellbeing of our communities.

We have 30 years’ experience in orcharding and post harvest services, and follow strict standards as we

supply the world with safe and healthy fresh fruit. Our industry-leading regenerative land management

practices are reducing artificial inputs and improving soil and plant health, and our supply chain initiatives

are reducing waste and minimising Seeka’s environmental footprint.

In 2020, we started assessing the risks and opportunities posed by a changing climate, and how our

activities contributed to rising carbon levels. We have gathered information and are promoting change

across our business to become a more sustainable company.

Seeka Agile Sustainability Team

The Seeka Agile Sustainability Team (SAST) brings together people from across the company to focus

on our processes and identify areas for improvement. SAST mapped Seeka's operations and presented a

broad range of projects to improve our environmental and social performance. As these projects evolved,

many became more impactful than first anticipated, for example a small-scale cafeteria worm farm

evolved into a 100-tonne worm farm handling packhouse organic waste.

Understanding the carbon footprint

The next stage of our journey was to understand our impact on the environment, and we measured our

2019 emissions using the Ministry for the Environment’s carbon footprint workbook. Seeka's finance

team led the programme and calculated each operation to capture the carbon outputs, with the external

specialist Toitū performing a GAP analysis to ensure our calculations were comprehensive and complete.

The team then gathered 2020 and 2021 carbon footprint data, and defined 2019 as the baseline year.

The calculations were completed under the internationally recognised standard, ISO 14064-1: 2018 -

Greenhouse gases and verified by Toitū. Seeka was one of the first companies in New Zealand to adopt and

be verified under the 2018 standard, which introduces six categories of carbon emissions as opposed to

the three scopes commonly reported. A summary of Seeka's three years of carbon footprint reporting is

on page 12.

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SUSTAINABILITY REPORT JUNE 2022 | SEEKA LIMITED4
Oakside site manager Michelle Bennett

at Seeka's largest post harvest facility.

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5SEEKA LIMITED | SUSTAINABILITY REPORT JUNE 2022
Setting environmental targets

Seeka's carbon footprint calculations allowed us to understand our impact on the environment and

identify three key areas of emissions. We then considered the best ways to minimise these emissions and

develop meaningful, and achievable reduction targets.

We also established broader environmental and social sustainability targets.

Project focused

Our sustainability journey is focussed on achieving results and investing in projects that will make a

difference. This includes minimising waste, becoming more energy efficient and learning how regenerative

horticulture can benefit orchards. Our teams are applying sustainability in the real world and our projects

are reducing our footprint. You can read more about Seeka's carbon reduction initiatives on page 19.

Meaningful employment

Seeka's people and culture team ensures we provide meaningful employment as we develop and upskill

employees. Our cadet scheme is growing horticulture careers and creating pathways through internal

promotion.

While Seeka operates a seasonal business, we are making more full-time jobs available by creating roles

that span orchard and post harvest work.

During harvest, our peak employment period, we support local people into seasonal jobs, and recruit

people from the Pacific to work in New Zealand through the Recognised Seasonal Employer (RSE) scheme.

You can see more on Seeka's social sustainability on page 27.

Our communities

We operate in prime fruit growing areas, which are often in remote rural communities. We encourage and

assist regional development by facilitating orchard development and operation, helping generate returns

to landowners, and creating local job opportunities. We also partner with iwi on orchard development and

operation.

Our RSE programme supports Pacific Island communities by enabling Pacific people to work in New

Zealand when our seasonal demands are high and cannot be met with our local workforce. In return this

generates income that the Pacific people can send home. We operate a pastoral care programme that

helps Pacific people adjust to New Zealand culture. We recognise that working away from families can be

difficult and aim to support them in every way that we can while they are in New Zealand.

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SUSTAINABILITY REPORT JUNE 2022 | SEEKA LIMITED6
Māori

economy

781 Pacific

verification and assurance for 2019,

2020 and 2021 by Toitū Envirocare

Capacity for

of solar power with systems

installed at Seeka Kerikeri,

Seeka Australia and Seeka360

tonnes of organic waste able to be

diverted to regenerative horticulture;

composted at Seeka’s worm farm and

applied to Seeka orchards

donated to charity, sports groups

and local organisations

hybrid vehicles

join Seeka’s fleet

Growing

the

by supporting Māori growers and

developing Māori land

Recovered strings from

Growing the Pacific economy with

hectares of SunGold orchards

recycled and diverted from landfill

people supported into seasonal

employment in 2021 through Seeka’s

recognised seasonal employer programme

Sustainability

highlights

100

150

$270k

446kW

Carbon

footprint

6

Sustainability highlights

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7SEEKA LIMITED | SUSTAINABILITY REPORT JUNE 2022
CO2e reduction targets

CO2e reduction

targets

1000kW

2025

2025

75% by 2030

Refrigerants

Solar

Fleet Fuel

30%

50%

Net Zero

Carbon

Reduction

Reduction

We operate in fast-growing industries and we intend to continue expanding through the planned increase

in New Zealand kiwifruit crops and through acquisition. While we are using absolute carbon reduction

targets, as an expanding business it is equally important to use intensity-based reduction targets. These

will capture efficiency gains as Seeka’s business grows.

100% of

orchard strings

recycled by

100% of organic

waste diverted from

landfill by

Absolute and intensity-based carbon reduction targets

for categories 1 and 2 starting from 2019 baseline

Initiatives to achieve targetsCircular economy

and waste diversion

from landfill

2025

2030

2050

Percentage of total fleet either

low or zero emissions vehicles

2025 = 15%

2030 = 25%

Reduction in fugitive emissions

leaks based on 2019 levels

Down 50% by 2025 and

&

of solar installed by 2025 (already

at 446kW).

3000kW by 2030

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SUSTAINABILITY REPORT JUNE 2022 | SEEKA LIMITED8
We are Seeka

Seeka is a vertically-integrated fruit handler. We work with landowners to grow

healthy, high-value fruit, and care for their produce from orchard to export.

About Seeka Limited

Seeka was founded in 1980 by kiwifruit growers that wanted to care for

their crops from the orchard to the market.

Through market-driven performance, we have grown operations to fully

service New Zealand's Bay of Plenty, and expanded our geographical reach

to Northland, the Coromandel, East Cape and Gisborne, and into Australia.

We are New Zealand's largest kiwifruit grower, and a large fruit handler,

with most of our New Zealand kiwifruit exported and marketed by Zespri.

We've extended our service along the value chain, and leveraged our

expertise in orcharding and post harvest to become Australia's largest

kiwifruit and nashi grower, with Seeka-branded fruit sold year round in NZ

and Australian supermarkets.

Seeka is a fast-growing business driven by strong international demand

for safe, healthy produce. We're expanding our services and investing

in agritech, automation and energy-efficient systems that increase our

capacity, diversify our revenue streams, minimise our environmental

footprint and deliver efficiency gains across our full orchard-to-market

value chain.

Operating high-value fixed assets over a long investment horizon, we have

the confidence to invest in new post harvest capacity, including energy-

efficient systems.

2600 shareholders with a large

iwi, grower and employee sharebase

Employing

760 permanent and

4000 seasonal workers

Service provider for

899 land

owners in NZ and Australia

$320m paid to Seeka supplying

growers from annual fruit sales

$482m assets invested in growing,

packing, coolstoring and exporting fruit

1900 hectares under Seeka's

stewardship in NZ and Australia

$84m paid in salary and wages

to permanent and seasonal staff

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9SEEKA LIMITED | SUSTAINABILITY REPORT JUNE 2022
Our geographical footprint

Post harvest facilities

Seeka Kerikeri

Seeka Orangewood

Seeka Peninsula

Seeka Katikati

Seeka Aongatete

Seeka Huka Pak

Seeka Oakside

Seeka KKP

Seeka Transpack

Seeka OPAC

Seeka NZ Fruits

SeekaFresh sites

SeekaFresh Auckland wholesale

Delicious Nutritious Food Company

SeekaFresh Christchurch

Seeka Australia

Orchards and post harvest

Shepparton, Victoria

Importing tropical fruits

Philippines, Ecuador, Australia

SeekaFresh export of NZ fruit

Australia, China, Japan, Korea, Thailand

Main export markets for NZ kiwifruit

50% Asia, 36% Europe, 14% rest of world

14% rest of world

36% Europe

50% Asia

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11SEEKA LIMITED | SUSTAINABILITY REPORT JUNE 2022
Environmental sustainability

Category 2 emissions

come indirectly from purchased

services. Our main source is:

Electricity

Powering our graders,

coolstores and lighting

Category 1 emissions

come directly from Seeka's

operations. Our main sources are:

Refrigerants

Leaking from our

coolstore equipment

Fossil fuels

Burnt by our transport

fleet

Fertilisers

Applied on our long

term leased and owned

orchards

Seeka's core business is sensitive to changing climates

Seeka aspires to be a leader on reporting and responding to climate change, and is

committed to helping limit global warming to 1.5 degrees. Our longer-term goal is to be

net zero carbon by 2050.

Climate change is a threat to our communities and environment, with drought, floods,

storms and changing seasons impacting the quantity and quality of the fruit we grow,

pack and sell. Seeka is working to build resilience by assessing the risks, adapting

our business and improving performance. Since 2019 Seeka has been measuring our

carbon footprint and from this data developed initiatives to halve Seeka’s category 1

and 2 emissions by 2030, starting from the 2019 baseline.

Seeka’s carbon-reduction initiatives target refrigerants, fossil fuels and electricity. Seeka

is also working with industry partners to decarbonise the whole fresh produce supply

chain through new products and services.

Changing climates bring physical and transitional risks that can lie beyond Seeka’s

direct control. Seeka has identified these risks and developed strategies to make our

business resilient, see the climate change risk and opportunity analysis on page 34.

Reporting framework and initiatives

Seeka’s emissions reporting framework uses guidance from the international Task Force

on Climate-Related Financial Disclosures (TCFD) and the New Zealand government’s

External Reporting Board (XRB).

–Measuring and reporting our emissions

–Setting targets and taking actions to reduce our footprint

–Identifying climate-related risks and opportunities

–Making our business more resilient and ready to adapt to changing climates

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SUSTAINABILITY REPORT JUNE 2022 | SEEKA LIMITED12
Seeka's absolute carbon footprint

Seeka's carbon footprint was 19,864 tonnes of CO2e in 2021. The footprint was calculated using ISO 14064-1:

2018 - Greenhouse gases for 2019, 2020 and 2021 and independently verified by Toitū Envirocare.

Annual CO2e footprint, 2019 to 2021

Absolute carbon footprint in tonnes CO2e

19,504

19,220

19,864

Category201920202021Emissions

1

4,0513,8033,900

Direct emissions controlled by Seeka

2

3,9733,6964,487

Indirect emissions from purchased electricity

3

4,0694,4523,987

Indirect transport emissions from Seeka's supply chain

4

7,4117,2697,490

Other indirect emissions from Seeka's supply chain

Total

19,50419,22019,864

Categories 1 and 2 are the direct and indirect emissions from Seeka operations. Because Seeka controls these

emissions, they are relatively easy to identify and quantify, and are typically the focus of emission reporting

and when setting reduction targets. Categories 3 (supply chain transport) and 4 (other supply chain

emissions) are controlled by Seeka's supply chain partners. These emissions are more difficult to measure

and challenging to reduce.

Seeka has no material category 5 or 6 emissions, which fall beyond the scope of Ministry for the Environment

— Manatū Mō Te Taiao guidance. Category 5 relates to the total expected lifetime emissions of the product

sold, which is negligible for fresh fruit, and category 6 captures any material emission sources that are not

already captured in the former categories.

In May 2021, Seeka increased its kiwifruit

business by more than 20% when it acquired

OPAC, a large business based in Ōpōtiki.

The associated growth in operations for the

eight-months since May contributed to Seeka

increasing its absolute carbon footprint in 2021. A

further increase is forecast for 2022 from the full-

year operation of OPAC, plus from the acquired

Orangewood and NZ Fruits businesses.

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13SEEKA LIMITED | SUSTAINABILITY REPORT JUNE 2022
Carbon sequestration in kiwifruit orchards

A 2011 study of organic kiwifruit orchards in the Bay of Plenty found an annual net sequestration of 2.4 tonnes CO2e per

hectare.

1

With Seeka managing 1900 hectares, this equates to 4,560 tonnes of CO2e sequestration per year.

Currently, orchard sequestrations are not recognised by the emissions trading scheme (ETS), and the offset cannot be applied

when calculating Seeka’s carbon footprint.

We are monitoring work by the agricultural sector on carbon sequestration as they prepare to enter the ETS, and we are

evaluating how we can apply similar calculations to horticulture. We are planning to measure and report our sequestration

once the industry has established verifiable, science-based calculations.

1. Page, Kelly, Minor and Cameron

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15SEEKA LIMITED | SUSTAINABILITY REPORT JUNE 2022
82.3

76.5

64.2

46.1

41.5

29.9

Intensity-based performance indicators

Seeka is in a fast-growing industry. While it is important to report our absolute carbon

result, as an expanding business it is equally important to report our efficiency gains. To

capture performance gains while our business continues to grow, our total emissions

are being benchmarked against three intensity-based measures:

–Revenues generated by Seeka - tonnes CO2e per $1,000,000 revenue

–Fruit handled by Seeka - tonnes CO2e per 100,000 class 1 trays packed

–Time invested to grow, handle and sell crops - tonnes CO2e per permanent

employee

58.2

5 7. 6

50.7

201920202021201920202021201920202021

Per 100,000 class 1 trays packed

Tonnes CO2e

All three key performance

indicators have trended lower

over the three-year period.

Improvements in these

intensity-based indicators

demonstrate the early gains

secured by Seeka's carbon-

reduction initiatives.

Per permanent employee

Tonnes CO2e

Per $1,000,000 revenue

Tonnes CO2e

$

1m

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SUSTAINABILITY REPORT JUNE 2022 | SEEKA LIMITED16
2,302

Insights into Seeka's emissions

Trends in Seeka's category 1 emissions

Total category 1 emissions fell 4% since 2019, as Seeka handled a 21% increase in our core

kiwifruit post harvest packing service. Coolstore refrigerants and fossil fuels consumed by

Seeka's transport fleet and workshops are the main contributors to category 1 emissions.

–By minimising refrigerant leaks and losses, and upgrading to carbon-neutral alternatives,

Seeka has decreased the refrigerant footprint of coolstore operations by 38% in two years.

The conversion to carbon-neutral refrigerants provides scope to further reduce Seeka's

category 1 emissions.

–Organic growth in Seeka operations, along with the 2021 OPAC and Orangewood

acquisitions, contributed to a 28% increase in fossil fuel use in two years. The uptake of

hybrid and all-electric vehicles provides scope to reduce fossil fuel consumption.

–Seeka has reduced synthetic nitrogen application rates by 41% since 2019, predominantly

by switching to naturally-occurring organic nitrogen, and by only replenishing the nitrogen

removed via the crop. When sourcing synthetic nitrogen, Seeka factors in the embedded

carbon in the procurement process (which is counted as a category 5 emission).

Refrigerants

Tonnes CO2e

Fossil fuels

Tonnes CO2e

Fertilisers

Tonnes CO2e

2,018

1,809

183

1,382

2,028

299

1,251

251

201920202021201920202021201920202021

Seeka's main

category 1 emissions

Refrigerants

Leaks from coolstore

equipment

Fossil fuels

Burnt to power Seeka's

transport fleet

Fertilisers

Applied to Seeka long

term leased and owned

orchards

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17SEEKA LIMITED | SUSTAINABILITY REPORT JUNE 2022
Trends in Seeka's category 2 emissions

Category 2 covers the consumption of electricity,

predominately consumed to grade, pack, cool and then store

fruit in New Zealand and Australia. Electricity is the universal

energy source for Seeka's core business and has increased

alongside coolstore volumes.

Total category 2 emissions increased 14% since 2019, as

Seeka handled a 21% increase in our core kiwifruit post

harvest packing service. This included an 11% contribution to

2021 category 2 emissions from the newly-acquired OPAC

business.

The packing and coolstorage of kiwifruit is a significant

consumer of electricity. The absolute carbon intensity for

this category has increased over time, primarily impacted by

the purchase of OPAC and the associated increase in crop

volumes handled by Seeka facilities.

3,973

3,696

4,487

201920202021

Category 2 emissions

Tonnes CO2e

Seeka's main category 2 emissions

Electricity

Powering graders and coolstores

Lighting

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SUSTAINABILITY REPORT JUNE 2022 | SEEKA LIMITED18
Solar panelling at Seeka360 head

office. Trialled since 2018, the panels

have avoided 14 tonnes of CO2e being

produced by conventional electricity

generation.

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19SEEKA LIMITED | SUSTAINABILITY REPORT JUNE 2022
Carbon reduction initiatives

Solar installations

Seeka trialled solar as part of the refurbishment of Seeka 360. Since

installation, the panels have generated 131.3 MWh, helping avoid 14 tonnes

of CO2e. During normal hours the electricity is supplied to head office, with

any excess fed to the national grid.

Our post harvest sites have high electricity demand and large roof spaces,

making them a logical opportunity for sustainable gains from solar.

Electricity demand, however, typically peaks in the autumn and winter when

the generation potential is lower. To overcome this misalignment, we have

assessed our post harvest portfolio to identify sites that would deliver the

biggest gains.

Seeka Kerikeri (Waipapa Road) is a multi-product site that operates

throughout the full year to pack and store kiwifruit, avocado, citrus, and

berries. This long operational window, coupled with high sunshine hours

and high local network charges, makes Seeka Kerikeri the perfect trial

site, and in March 2021, a 236kW system was installed by kiwi-owned

SuperPower. By supplying 24% of the site's total electricity demand,

the 590 solar panel installation is forecast to reduce our environmental

footprint by 36 tonnes of CO2e per year.

Seeka Australia also has a full-year packing schedule of kiwifruit, nashi,

pears, plums and jujube dates, and benefits from high sunshine hours. In

December 2021 an 80kW solar system was installed at the nashi facility,

and an 100kW system at the kiwifruit facility. These new systems are

generating around a fifth of each site’s energy needs.

Across New Zealand and Australia, Seeka has installed 446kW of solar, and

we aim to have 1000kW operating by 2025. By this point, we are targeting

to source 30% of our electricity from certified renewables, and by 2030 our

target is 50% by which time Seeka will have 3000kW of solar.

While we are a large energy user, our operations do not involve carbon-

intense process heat, and Seeka’s electricity demand can be fulfilled by the

national grid. This means that the carbon intensity of Seeka’s electricity is

determined by the generation sources for each grid. While New Zealand

electricity is predominantly from renewables, it is also supplemented by

burning carbon-based fuels. The associated footprint drives our programme

to reduce our electricity demand and procure certified renewable energy.

Seeka's

Carbon reduction initiatives

Solar installations

Generating power at Seeka sites

LED lighting and sensors

Reducing power demand

Refrigerant phase out

Transitioning to zero-carbon

refrigerants

Hybrid and all electric vehicles

Reducing fossil fuel demand

Maximising fruit sales

Supply chain management

Waste reduction

Diverting waste from landfill

Regenerative horticulture

Naturally restoring soil health

LED

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SUSTAINABILITY REPORT JUNE 2022 | SEEKA LIMITED20
New coolstore build at Transcool features

zero-carbon ammonia refrigerants.

LED lighting and sensor upgrades

Electricity, used to power machinery and light facilities, is Seeka’s largest

source of carbon emissions. We are switching to high-efficiency LED

lighting for our post harvest facilities to reduce demand using new fittings

developed by Seeka's electromechanical engineer that maximise light

output while minimising power input.

The high-efficiency LED fittings use 70% less power than existing lighting

to safely illuminate operations. Where practicable, the LEDs are connected

to motion sensors to further conserve power.

As the LED fittings are being installed across Seeka's post harvest facilities,

the next step on our sustainability journey is to couple the LEDs to daylight

sensors. This allows the LEDs to automatically dim according to the

brightness of ambient daylight. These self-dimming sensors are especially

useful in sheds with transparent roof panels and in our storage canopies

where natural daylight is often sufficient for safe operations.

As part of this ongoing journey to minimise lighting power consumption,

natural lighting is being factored into the design of new post harvest spaces.

Refrigerant phase-out

From our sustainability initiatives, we realised the potential impact of

refrigerant selection. Refrigerants contained by closed systems do not

impact Seeka's carbon footprint. When some refrigerants leak, however,

they damage the environment and enlarge the footprint, and when involving

carbon-intensive refrigerants, a small leak can have a very large impact.

To minimise our footprint, we have incorporated the latest refrigeration

technology, including ammonia refrigerants with zero-carbon footprint,

when building the new coolstores at Oakside and Transcool.

Seeka’s existing coolstore portfolio uses a range of refrigerant gasses

with varying degrees of carbon intensity. We are assessing the logistics

of updating these systems with environmentally-friendly refrigerants, and

while Seeka’s long-term aim is to remove potentially-harmful chemicals, the

immediate cost is prohibitive.

To reduce the footprints of refrigerants while managing costs, Seeka is

creating a detailed coolstore upgrade plan which incorporates the full

transition to zero-harm gasses. This long-term plan will be carried out

according to the age of each refrigeration system.

While this phase-out occurs, we are also investing in plant maintenance

to reduce incidences of gas leaks, along with comprehensive detection

systems to minimise gas loss.

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21SEEKA LIMITED | SUSTAINABILITY REPORT JUNE 2022
Seeka's fleet has been upgraded with six hybrids in the last 12

months; five in New Zealand and one in Australia.

Transitioning to hybrid and all-electric

vehicles

Seeka uses more than 200 vehicles in our

operations. We are committed to transitioning this

fleet to alternatives, and have purchased six new

hybrids in the last year; five in New Zealand and one

in Australia.

For support operations, such as the health and

safety and laboratory services, the RAV-4 hybrid is

a popular mid-sized option. We are purchasing the

hybrid vehicles due to the high lease costs charged

for hybrids.

As most fleet vehicles operate under three-year

leases, this rollover for support service vehicles will

continue for several years.

While mid-sized hybrids are an attractive alternative

for support operations, Seeka’s orchard managers

require larger 4WD vehicles able to carry equipment

between orchards and cross challenging off road

conditions. Currently there is no satisfactory hybrid

or electric vehicle option, and while we will continue

to scope the market for viable alternatives, we are

constrained in our ability to fully shift to alternatives.

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SUSTAINABILITY REPORT JUNE 2022 | SEEKA LIMITED22
Maximising every fruit

Waste reduction is a key component in minimising Seeka's environmental

footprint. As a core activity, we focus on delivering the maximum amount of

harvested fruit to the consumer in excellent condition. This involves careful

management along the supply chain.

–Seeka's technical team and orchard managers work with landowners to

grow sustainable volumes of great tasting, good looking, pest-free fruit.

–Seeka's VLS testing laboratory monitors fruit maturity and provides a

clearance testing service for the kiwifruit industry to ensure fruit are

harvested at the right time.

–Seeka's SureStore bins protect harvested fruit from the orchard to the

packline.

–Soft-handling technology, including automated camera grading, sorts

each crop to market requirements.

–Seeka's inventory management systems prioritise coolstore loadouts.

–SeekaFresh works with retailers to match Seeka's supply to market

demand, including instore promotions that inform consumers about the

seasonal availability of Seeka fruit.

Our core business is fresh fruit supply to the export and domestic

markets. This involves strict industry grading standards which ensure

consumers enjoy a great eating experience. Harvested fruit not meeting

these standards was traditionally treated as waste, and carted from the

packhouse for dumping or low-value animal feed.

We have innovated to increase the amount of fruit that can be sold fresh:

–Net bagging of small or odd-shaped kiwifruit and avocado has

created retail space for fruit that traditionally was not being retailed in

supermarkets (odd bunch programmes).

We have worked for many years to recover value from fruit not suitable for

fresh sales, often due to skin imperfections or damage.

In 2021:

–413 tonnes of unsaleable avocados were pressed to recover 42,000

litres of high-quality avocado oil at SeekaFresh's avocado press.

–625 tonnes of unsaleable Hayward and SunGold kiwifruit were pulped

and processed by Seeka's Delicious Nutritious Food Company (DNFC)

into the functional food Kiwi Crush and nutritional treat Kiwi Crushies,

which are directly marketed by SeekaFresh.

Co-developed by Seeka, the plastic

SureStore bins are stronger, lighter to

transport, safer to handle, and easier to

clean than conventional wooden fruit

bins. Importantly, they also better protect

fruit from the orchard to the packhouse.

SureStore reduces Seeka’s carbon

footprint from transport, and cuts waste

from fruit damage. SureStore’s modular

design and re-weldable construction

ensures a long life, and when retired the

bins are recycled into domestic compost

bins.

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23SEEKA LIMITED | SUSTAINABILITY REPORT JUNE 2022
Waste reduction

As part of our sustainability journey, in 2020 Seeka purchased a

commercial-sized worm farm to divert organic waste from landfill.

Residual waste from DNFC's Kiwi Crush operations, along with

organic waste collected from the packhouse, is fed into Seeka's

worm farm, where it is turned into compost before being returned to

Seeka orchards as organic plant food.

Each year our worm farm diverts 100 tonnes of organic waste from

being carted more than 120 kilometres to landfill. The waste is

transported a short distance to the farm where it is turned into 80

tonnes of vermi-compost.

The vermi-compost drops out the bottom of the worm farm in a

continuous flow operation where it is gathered and stored before

being recycled directly back onto nearby Seeka orchards.

The worm farm allows Seeka to take direct ownership of waste,

significantly lowering the carbon footprint of waste transport and

creates a valuable by-product that supports healthy orchards.

Following a full waste audit of our corporate services at Seeka 360,

we implemented an improvement plan to divert office waste which

included a new recycling station for plastics, glass and organics.

From harvest 2021, we trialled the recycling of kiwifruit vine strings.

Collected after harvest, the strings are sent to Plasback (a member

of the government-accredited product stewardship scheme) to

be recycled into hard-wearing plastic products. Our project was

scaled up in 2022 with vine strings from 150 hectares forwarded to

Plasback for recycling.

In an ongoing shift away from single-use plastic packaging, Seeka

Australia has replaced plastic punnets with easy-to-recycle

cardboard cartons. Seeka's eight-pack kiwifruit cartons are on sale

in Woolworths and other leading Australian retailers.

Woolworths sustainability awards

Seeka's innovation to reduce waste was

recognised when Seeka became a finalist

in Woolworths’ Sustainability Supplier of

the Year Award 2020.

Dried leaves and kiwifruit dust from the

packhouse are mixed with wet waste from the

DNFC's Kiwi Crush operations to produce high-

grade food for Seeka's work farm.

Watch video

See Seeka's video on reducing

our carbon footprint.

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SUSTAINABILITY REPORT JUNE 2022 | SEEKA LIMITED24
John Burke sharing his land care initiatives with fellow kiwifruit growers

“Seeka has been encouraging growers to get ahead of the game

and adopt sustainable land management practices,” says kiwifruit

grower John Burke.

“Along with farmers, we’re being challenged to achieve better

environmental outcomes,” says John.

“The government and primary product brand owners such as

Seeka realise that sustainability is fundamental to our future. They

also know it brings opportunities to differentiate our produce as

we navigate new demands from the international consumer.”

As a kiwifruit grower and pastoral farmer, John has taken a holistic

view to improving biodiversity and water quality. It started with a

land environmental plan that assessed environmental risks and

sets actions to manage those risks. This included understanding

how rainwater flows over the property and how to stop sediments,

nutrients and E. coli entering drains and streams.

John says the key is good ground cover and creating micro-

wetlands that filter water. He has retired erosion-prone slopes

and planted natives that protect the environment and create new

habitats for birds, fish and invertebrates. John says these areas

are also excellent at sequestering carbon, and by adopting the

regenerative soil management practices promoted by Seeka, he is

now optimising the natural carbon and nitrogen cycles.

“Diverse under-vine plant cover is helping us create a healthy soil

biome while reducing or even eliminating the use of synthetic

fertilisers, especially nitrogen,” says John.

“It also improves soil structure and water retention. Water

efficiency is an understated benefit of regenerative soil

management, especially as we face tougher water restrictions.

“We have changed how we use the land and now incorporate

environmental outcomes. By sharing our journey with our fellow

growers, we have learnt to take small steps and built confidence

to expand our ideas and go faster. Sustainability works in harmony

with orchard profitability, and by fine tuning our land management

practices we can tread lightly and restore the environment. It's a

rewarding way to grow kiwifruit, and it’s great for our physical and

mental wellbeing,” says John.

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25SEEKA LIMITED | SUSTAINABILITY REPORT JUNE 2022
Regenerative horticulture and biodiversity

Historical land management practices used high levels of synthetic chemicals and nutrients to drive

production. These synthetics can impact the environment by disturbing the soils.

Biodiversity is an essential component of a circular, interconnected system whereby healthy soils, native

plants and beneficial insects help orchards become more resilient to adverse weather and ecological

events. The outcome is sustainable production of high-quality fruit.

We have a team of technical specialists that are improving our orchard practices to enrich biodiversity

across our catchment, and we are encouraging all our supplying orchard owners to consider sustainability

and regenerative horticulture. This includes developing land environmental plans and helping growers

follow best orcharding practices and comply with environmental regulations.

Seeka is working to restore soil health by lifting the soil's ability to store water, nutrients and carbon.

Initiatives include:

–Sward growth and beneficial plantings

–Innovative mowing practices to reduce weed sprays

–Composting to increase soil organic matter

–Reducing use of synthetic nutrients

–Supporting organic orcharding

–Protecting waterways, including riparian plantings and wetland regeneration

You can read more on how we are supporting growers on page 24.

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SUSTAINABILITY REPORT JUNE 2022 | SEEKA LIMITED26
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27SEEKA LIMITED | SUSTAINABILITY REPORT JUNE 2022
Social sustainability

Social responsibility lies at the heart of Seeka's brand attribute Founded on Relationships; we work to be the

employer and service provider of choice and we value our connections to the communities we operate in. Seeka

cares for the welfare of our growers, clients, employees, investors and communities.

Social programmes

Watch video

See Seeka's social media video

on working at Seeka.

Working at Seeka

Seeka works to be the employer of choice and is committed to the health and welfare of our workforce.

We ensure everyone receives fair compensation, and are working to report our performance on pay equity.

Seeka's inclusive environment supports a diverse range of thinking and skills. Aspects of diversity include

gender, ethnic background, religion, marital status, culture, disability, economic background, education,

language, physical appearance and sexual orientation.

We invest in the safety of our people and set remuneration structures, training and career pathways that

attract and promote the best people within our industry. Our people continue to make Seeka an inspiring

company to work for and are celebrated and thanked for their efforts.

To support the welfare of a workforce operating in multiple environments with moving machinery and

vehicles, we have a dedicated health and safety team. We continue to invest to keep our people safe,

including new guarding and barriers that remove opportunities for mobile plant and people to collide, and

our new HIT-NOT proximity detection systems detect and protect people from moving forklifts. These

actions helped eliminate serious harm incidents in 2021.

On-orchard movements are tracked via the one-step Seeka app sign-in process, which provides direct

access to accurate orchard maps that clearly mark all hazards. In 2021, we invested $1 million replacing

our orchard tractor fleet to ensure our workers use modern, fit-for-purpose equipment.

We developed an infectious diseases manual and have operated to stricter hygiene protocols since 2020.

While parts of our business had high levels of lockdown and staff shortages from ongoing infections, our

processes secured the safety of the Seeka team, including our stakeholder community, and delivered

business continuity so Seeka could deliver an essential service in New Zealand and Australia.

We have a new lead measure to our safety performance indicators that records safety meetings and

attendance across the business as we cement a company-wide safety culture. Health and safety support

includes:

–Free and anonymous access to a professional employee assistance programme (EAP)

–Regular reporting of health and safety targets and performance

–Health and life insurance benefits

–Embracing the Global.G.A.P. GRASP module that supports worker welfare

Regional communities

We are a large service provider and employer in regional New Zealand. Our core business enables regional

economic and regional social development with Seeka focused on supporting healthy communities as we

continuously improve our performance for all stakeholders.

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SUSTAINABILITY REPORT JUNE 2022 | SEEKA LIMITED28
Partnering with Māori

Seeka is partnering with iwi

and Kānoa (Regional Economic

Development & Investment Unit)

to develop 58 hectares of iwi

orchards at Pukenga, Hawai and

Raukokore. Seeka’s partnership

enables the Māori economy by

creating skilled jobs and returning

value to landowners.

The developments are creating

sustainable employment, and

once fruit production starts, they

will generate better returns to

iwi landowners. In Raukokore

we have helped iwi establish a

new contracting business that

is employing whānau to work

on their land, as well as service

neighbouring orchards.

With more than $20 million

invested by the partners, the new

developments are a sustainable

pathway to long-term employment

and wealth creation. We are

supporting and growing the

capabilities of locals, and through

education and career opportunities,

helping a new generation of

leaders secure a thriving social and

economic future.

Nāu te rourou,

nāku te rourou,

ka ora ai te iwi.

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29SEEKA LIMITED | SUSTAINABILITY REPORT JUNE 2022
Henare (Hori) Ahomiro of Tapuika,

Ngāti Awa and Ngāi Tūhoe

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SUSTAINABILITY REPORT JUNE 2022 | SEEKA LIMITED30
Taurakoto Samson is leading a team of

Vanuatuans that are helping harvest and

handle the 2022 crop.

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31SEEKA LIMITED | SUSTAINABILITY REPORT JUNE 2022
RSE programme supports Pacific social and economic development

Seeka values our RSE workers who join us from the Pacific and Malaysia. Many RSEs return year after year and

have become an integral part of the Seeka family. In 2022, Seeka welcomed the arrival of new employees from

the Pacific, and is focussed on providing quality accommodation during their stay in New Zealand.

–Delivering pastoral care services for workers from Kiribati, Solomon Islands, Samoa, Tonga and Vanuatu

–Supporting returning families and long-service RSEs

–Providing accommodation and transport

–Supporting economic wellbeing of RSE families

Community sponsorship

In 2021, Seeka donated $270,403 to support New Zealand youth development, community, cultural and

sports groups, and Pacific health initiatives, along with produce valued at $37,124 to community groups and as

an official contributor to Emirates Team New Zealand.

Seeka proudly supported the following groups in 2021:

Auckland Rescue Helicopter Trust

Autism NZ

Blue Rovers Junior Football Club

BOP Presidents Group

BOP Rugby Union

BOP Symphonia

BOP Youth 7s

Daffodil Day

Eastern BOP Cricket Club

Eastern Districts Rugby and Sports

Emirates Team New Zealand

EPIC Te Puke

Fairview Charity Golf Tournament -

Abbeyfield

Far North Science Fair

Fresh Produce Safety Centre - Australia

Funded research for hepatitis B in Vanuatu

Gisborne Tairawhiti Rugby League

Hannah Wells athlete

Hiranga Limited

Houhora Bowling Club

Katch Katikati

Katikati Croquet club

Katikati Fun Fest Charitable Trust

Katikati Primary School

Kerikeri High School

Kerikeri Netball Centre

Kerikeri Rugby Club

Lions Club of Katikati

Longwood Red Legs - Australia

Made in Te Puke Trust

Matakana Island Fishing Competition

Matakana Island Sport Club

Mike Young Motorsport

Motu Trails Trust

Mount Bridge Club

Mount Maunganui College

Multi Sport Ōpōtiki

Multicultural Tauranga

NZ Poppy Appeal

Omanu Golf Club

Omokoroa Golf Club

Ōpōtiki Bowling Club

Ōpōtiki Surf Life Saving Club

Otamarakau School

Pacific Fashion Fusion

Paengaroa School

Pongakawa School

Queenstown Ice Hockey

Rangataua Sports & Cultural Club

Rotary Te Puke - Cycleway

Rotorua Tai Mitchell Rugby Team

Tauranga Airsoft Club

Tauranga Cricket Invitational

Tauranga Volunteer Coastguard

Tauranga Women's Refuge

Te Aranui Youth Trust

Te Hiringa Business

Te Kaha Community Transport

Te Kaha Group - Education Sponsorship

Te Puke A&P Society

Te Puke Bridge Club

Te Puke Golf Club

Te Puke High School

Te Puke Intermediate

Te Puke Memorial Pools

Te Puke Play Centre

Te Puke Primary School

Te Puke Small Bore Rifle Club

Te Puke Sports

Te Puke Tennis Club

Te Puke Tigers League Club

Te Puna 8Ball Club

Te Ranga School

Vanuatu Health Fund

Waihau Bay Sports Fishing Club

Waihi Lions

Western Bay Cricket Association

Western Bay Emergency Services

Western Bay Museum

Whakatane Roller Derby

Whangamata Golf Club

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33SEEKA LIMITED | SUSTAINABILITY REPORT JUNE 2022
Governance

Seeka is governed by a Board of Directors that is tasked with establishing the key objectives and strategy

for the company. Sustainability is core to our strategy and long-term success.

In 2020, the Board established a sustainability sub-committee to provide strategic guidance and feedback

to the Board and management on Seeka’s sustainability framework, targets, measures, and performance.

The Sustainability Committee also considers the strategic implications of climate change and potential

adaptation requirements. The Committee meets at least quarterly and is comprised of at least two

Directors of the Board.

Set by the Board, Seeka’s strategic direction is based on the sustainable production and supply of healthy

produce.

Reporting on sustainability

To keep stakeholders informed, we are providing twice-yearly updates on our sustainability programme:

–A stand-alone comprehensive Sustainability Report outlining sustainability initiatives and performance

against targets, published mid year. Our carbon footprint reporting will be detailed in this report.

–A sustainability section in the year-end annual report, published in February. Seeka reports in line

with XRB requirements on mandatory climate-related disclosures. These requirements are currently

under consultation, but are expected to broadly align with the Taskforce on Climate-Related Financial

Disclosures (TCFD). Seeka reported under this framework in the 2020 and 2021 annual reports.

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SUSTAINABILITY REPORT JUNE 2022 | SEEKA LIMITED34
Climate change risk and opportunity analysis

The Ministry for the Environment studied how climate change may impact New Zealand. Based on its report, Seeka expects our

orcharding regions will be impacted by higher temperatures, changing moisture levels, changing weather patterns and rising sea levels.

Transition risks

Risks and opportunitiesImpactResponse

New national or international

policies that restrict chemical

inputs used for pest management

and maintaining crop yields.

Higher R&D costs to

find alternative growing

methods.

Build closer relationships with regional councils and Government agencies and

regulators.

Invested in a worm farm pilot project to test circular waste recycling within our

orcharding business.

Transition to a low input orchard management system, while achieving

consistent yields.

Introduction of carbon costing or a

carbon tax that charges for carbon

usage.

Higher costs to offset

carbon emissions.

Measure the carbon footprint to understand and reduce the carbon impact.

Transition to lower Global Warming Potential (GWP) cool store gases.

Invest in lower carbon emission projects, see Carbon Reduction Initiatives.

Hedge against rising energy bills by investing in renewable energy technologies.

Introduction of orchard water

restrictions, with water vital for

crop growth over the summer

period.

Unable to irrigate to grow

an optimum crop.

Develop land management plans.

Engage in orchard water management.

Work with councils to understand impacts on waterways.

Ensure new developments can access water and have on-site storage.

Improve soil health to increase water retention.

Read full report

See Seeka's 2021 annual report containing

the full risk and opportunity analysis

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35SEEKA LIMITED | SUSTAINABILITY REPORT JUNE 2022
Physical risks

Risks and opportunitiesImpactResponse

Yield reduction or plant damage

from flooding, hail, drought,

storms, fire, or a sub-optimal

growing climate (temperature,

sunshine, drought, winter chill).

Lower yields and

unprofitable orchards.

Geographical spread of orchards.

Develop land management plans.

Invest in crop protection measures (e.g. frost protection, irrigation, shelter).

Access to reliable weather and frost forecasts (extended and long range).

Favour developments with reliable water supply and free drainage.

Introduction of new pests and

diseases.

Reduced yields or

unsaleable crops.

Geographic separation of orchards.

Shelter protection of orchards.

Genetic and variety diversification.

Orchard hygiene programme.

Independent pest monitoring programme.

Spray and pest control programme.

Bio-security controls on disease and disease vectors.

Introducing beneficial insects and plants to combat pests and disease.

Water availability and quality

concerns.

Water unavailable or

unsuitable for irrigation.

Actively engage in orchard water management.

Spray restriction zones.

Invest in efficient irrigation technologies.

Develop wetlands and support native wildlife sanctuaries.

Monitor waterways and encourage land management plans.

Capture rainwater from facility roofs to reduce regional water demand.

Elevated soil CO

2

levels alter fruit

sugar and nutrient levels.

Crops have a different

quality profile.

Understand how soil carbon levels impact fruit nutrient levels.

Establish orchard management practices that best capture fruit quality.

Opportunities

Risks and opportunitiesImpactResponse

Increased demand for Seeka

produce as a healthy eating option

with a low carbon impact.

Increased product

demand and new markets.

Ensure Seeka is an industry leader in carbon reporting.

Report Seeka's carbon footprint to stakeholders and commit to targets.

Green financing for low-carbon

developments.

Better funding at lower

interest rates.

Engage with bankers on green funding and green bonds.

Investigate low-carbon investments.

Higher soil CO

2

levels improve

water use efficiency.

Plants require less water

to produce a crop.

Understand soil carbon levels and water usage.

Establish orchard management practices that best capture carbon in the soil.

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SUSTAINABILITY REPORT JUNE 2022 | SEEKA LIMITED36
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.

The Seeka Sustainability Agile Team have chosen the eight following UNSDGs and provided Seeka's

reasons for alignment.

Fostering healthy communities.

Supplier of healthy nutritious food.

Promoting a safe and healthy work

environment to our staff.

Monitoring our carbon footprint.

Working towards carbon neutrality.

Reducing energy intensity of fruit

supply.

Committed to achieving the Paris

targets < 2 degrees.

Providing local and rural work

opportunities.

Supporting people back into the

workforce.

Partnerships with hapū, iwi, Pacific

peoples.

Paying a fair wage and benefits.

Providing training opportunities

and supporting growth within the

company.

Interconnected land and sea.

Value and protect ecosystem services.

Restore soil health.

Promote healthy biodiversity.

Reduce negative externalities.

Recognise the connection between

land and sea.

Environmental compliance.

Seeka strives to be agile, innovative,

and industry leading.

Embrace new technology.

Interconnected land and sea.

Value and protect ecosystem services.

Restore soil health.

Promote healthy biodiversity.

Reduce negative externalities.

Recognise the connection between

land and sea.

Environmental compliance.

Zero food waste to landfill.

Use less resources.

Improve packaging through

innovation.

Valued partnerships to support SDGs

- communities, hapū and iwi, pacific

islands.

Read more about Sustainable

Development Goals

See the Unitied Nations

Sustainabile Development website.

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37SEEKA LIMITED | SUSTAINABILITY REPORT JUNE 2022
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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

---

Seeka releases Sustainability Report

Carbon footprint independently verified

Targeting 30% reduction in carbon emissions by 2025



28 June 2022: Listed produce company, Seeka Limited [NZX:SEK] has released its first

comprehensive Sustainability Report.


Seeka’s Sustainability Report 2022 focusses on establishing the base methodology for

Sustainability Reporting including three years of independently verified carbon footprint

calculations. The report outlines the initiatives and targets that the company is putting in

place to measure its sustainability performance and its initiatives to respond to climate

change. Seeka has established a goal of being net zero carbon by 2050 through initiatives

including waste reduction, regenerative orchard practices, being an employer of choice

and supporting the wellbeing of local communities.


Seeka Chief Executive, Michael Franks, outlined that the report is a significant step

forward for the company. It establishes Seeka as a socially and environmentally

responsible company in each of the regions. Seeka has committed to reduce its verified

carbon footprint by 30% by 2025 and 50% by 2030. Following the plan, the company has

established the target of being net zero carbon by 2050.


In addition to reporting absolute carbon results, Seeka is benchmarking intensity-based

performance indicators to capture efficiency gains as the business grows. Franks explains,

“We operate in fast-growing industries, and we intend to continue expanding through a

planned increase in New Zealand kiwifruit crops. We are measuring the carbon impact of

fruit handled by Seeka, which at 50.7 tonnes of C02e per 100,000 class 1 trays packed is

trending down over the past three years, demonstrating early gains from our carbon

reduction initiatives.”


Seeka 2022 sustainability highlights:

- Carbon footprint assurance for 2019, 2020 and 2021 by Toitu Envirocare

- Assisting iwi to achieve improved economic enablement through the joint

development of their land

- Recovering strings from 150 hectares of SunGold kiwifruit orchards, recycled and

diverted from landfill

- Growing the Pacific economy with 781 Pacific people supported into seasonal

employment in 2021 through Seeka’s recognised seasonal employer programme

- Capacity for 446kW of solar power with systems installed in Seeka Kerikeri, Seeka

Australia and Seeka 360 in Te Puke

- 100 tonnes of organic waste able to be diverted to regenerative horticulture;

composted at Seeka’s worm farm and applied to Seeka orchards

- 6 hybrid vehicles joined Seeka’s fleet

- $270k donated to charity, sports groups and local organisations



For the full report, visit: https://www.seeka.co.nz/vdb/document/615



For further information, please contact:


Nicola Neilson Seeka Chief Financial Officer 021841606



About Seeka (NZX: SEK)

www.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.