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Seeka Releases Sustainability Report 2023

ESG2 July 2023SEKConsumer Staples

3 July 2023
Seeka Releases Sustainability Report 2023

Listed produce company, Seeka Limited [NZX:SEK] has released its second Sustainability Report.


Seeka’s Sustainability Report 2023 introduces Seeka’s NZ$201 million Sustainability Linked Loan, which

replaces its previous banking facilities, and outlines the progress Seeka has made towards the

sustainability targets established in 2022.


Seeka’s 2022 carbon footprint increased to 22,839 tonnes C02e compared to 19,864 tonnes C02e in

2021. The acquisition of two post-harvest businesses, Orangewood Ltd and NZ Fruits Ltd, during the

period, as well as a full year impact of the 2021 acquisition of Opotiki Packing and Cool Storage Ltd have

increased Seeka’s absolute carbon footprint.


The report discusses Seeka’s response to climate change, with a focus on learning from the number of

extreme weather events the Company faced over the past year, including floods, frosts, cyclones, and

hail, together with the steps we are taking to reduce GHG emissions, operate in a safe environment, care

for our communities and govern the Company.


Last Friday, Seeka announced it had completed its banking refinancing at 30 June 2023, into a NZ$201

million Sustainability Linked Loan, with Westpac NZ acting as the Sole Sustainability Coordinator, Agent

and Mandated Lead Arranger and Bookrunner.


Seeka Chief Executive, Michael Franks, outlined that sustainability is increasingly considered in all

business operations and the introduction of the Sustainability Linked Loan further reinforces the

importance of sustainability in our business decisions.

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

---

1SEEKA LIMITED | ANNUAL REPORT 2021
JUNE 2023

SUSTAINABILITY REPORT

Growing
futures

Breno Codognolla, Trainee Orchard Manager

1SEEKA LIMITED | SUSTAINABILITY REPORT JUNE 2023
Contents

2 Welcome to sustainable Seeka

4 Sustainability highlights

5 CO2e reduction targets

6 Sustainability Linked Loan

9 Seeka's climate impact

10 Seeka's carbon footprint

11 Intensity-based performance measures

12 Insights into Seeka's emissions

15 Governance

15 Climate-related risks and opportunities

16 Climate risk and impact assessment

17 Climate change risk and opportunity analysis

20 Carbon reduction initiatives

24 Waste minimisation

26 Regenerative horticulture

27 Social sustainability

33 Seeka and the United Nations Sustainable Development Goals

SUSTAINABILITY REPORT JUNE 2023 | SEEKA LIMITED2
Welcome to sustainable Seeka

Welcome to Seeka's Sustainability Report. Sustainability is reflected in our brand

attribute "Growing Futures" and is increasingly considered in all business operations.

Sustainability is not a marketing tool; we are making it an integral part of our conduct

and culture.

Supplying fruit in a changing climate

New Zealand and Australia have been impacted by extreme weather events in the last year, with floods,

frosts, cyclones and hail creating operational challenges. Seeka continues to assess its risks and mitigation

strategies arising from climate change.

Seeka is improving frost-protection and orchard shelter systems to protect against climate risks. Seeka

is also focused on soil health through regenerative horticulture, and assessing new crops in different

climates. You can see more on Seeka's jujube programme on page 23.

Transitional climate risks are being minimised by reducing Seeka's use of products that damage the

environment. We are switching to renewable energy generation, converting Seeka’s passenger fleet to

low-emission vehicles, eliminating refrigerants with a high carbon footprint as they reach end of life, and

reducing artificial fertiliser application rates.

Targeting net zero carbon

For the last four years Seeka has independently verified its carbon footprint. Seeka is working towards its

target to be net zero carbon by 2050, and has set interim targets of a 30% reduction in carbon emissions

by 2025, and a 50% reduction by 2030. In 2022, the baseline was reset to incorporate the carbon impact

of businesses acquired since 2019. You can see more on Seeka's carbon reduction targets on page 5.

On 30 June 2023, Seeka refinanced and entered into a Sustainability Linked Loan with its banking

syndicate. This allows the banking syndicate to actively support Seeka’s sustainability programme by

offering incentives and penalties that are linked to annual carbon reduction, solar installation and employee

safety targets. You can see more on Seeka's Sustainability Linked Loan on page 6.

3SEEKA LIMITED | SUSTAINABILITY REPORT JUNE 2023
People

Seeka's team focuses on developing and upskilling employees to support their growth and career

aspirations, with our cadet scheme one example of the pathway Seeka provides to develop talent.

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 supplement local labour with people through the Recognised Seasonal

Employer (RSE) scheme. Seeka is also investing in better accommodation for overseas workers. You can

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

Seeka operates in challenging environments which can present safety risks. Safety is central to our

business, with programmed health and safety meetings, inspections and audits, along with investments in

systems, barriers and protective equipment to keep our people safe. Seeka is serious about worker safety,

as reflected in the Sustainability Linked Loan. You can see more on Seeka's employee health and safety on

page 30.

Our communities

Seeka, alongside iwi and government, has invested in regional areas lacking capital to develop economic

activity and enablement. These investments assist regional development by facilitating orchard

development and operation, helping generate returns to landowners, and creating local job opportunities.

You can see more on Seeka's co-investment in iwi orchards on page 28.

Our RSE programme supports Pacific and Malaysian communities by enabling 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 and Malaysian people can send home. We operate a pastoral care

programme that helps RSEs adjust to living and working in New Zealand. We recognise that working away

from families can be difficult and aim to support them while they are in New Zealand. You can see more

on Seeka's social sustainability on page 27.

SUSTAINABILITY REPORT JUNE 2023 | SEEKA LIMITED4
Sustainability

highlights

Generated

of renewable energy, enough solar to

power 56 houses

407MWn

tonnes of organic waste diverted to

regenerative horticulture; composted

at Seeka’s worm farm and applied to

Seeka orchards

100

fruits handled,

with kiwifruit, nashi, pears, plums, citrus,

persimmons, avocado, kiwiberry and jujube

9

160

hectares of kiwifruit, avocado

and kiwiberry in development,

transforming pastoral land to

high-production orchards

Recovered

tonnes of cardboard for recycling by

Seeka's packaging partner

273

22

hectares of jujube dates in

development, producing

crops with minimal water use

2.75

total recordable injury frequency

rate, well below Seeka's 4.5 target

Keeping

people safe with a

financially incentivises

Seeka to achieve

carbon reduction, solar installation and

employee safety targets for the next 5 years

Linked

Loan

New Sustainability

Diversifying with

Highlighted measures as at year end 2022, Sustainability Linked Loan implemented in 2023.

5SEEKA LIMITED | SUSTAINABILITY REPORT JUNE 2023
CO2e reduction

targets

30%

50%

Net Zero

Greenhouse gas emissions

Reduction

Reduction

The reduction targets were based on 2019 category one and two emissions. As part of Seeka's Sustainability

Linked Loan, the targets have been reset to a 2022 baseline. The targets maintain the initial ambition, but

now incorporate Seeka's recent acquisitions. See more about the baseline change on page 6.

Absolute and intensity-based greenhouse gas emissions

reduction targets

2025

2030

2050

1000kW

2025

2025

75% by 2030

Refrigerants

Solar

Fleet Fuel

100% of

orchard strings

recycled by

100% of organic

waste diverted from

landfill by

Initiatives to achieve targetsWaste diversion

from landfill back

to orchards

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

SUSTAINABILITY REPORT JUNE 2023 | SEEKA LIMITED6
Sustainability

Linked Loan

Seeka has executed a Sustainability Linked Loan structure with its banking syndicate. From 30

June 2023, Seeka's interest rate has been linked to achieving three sustainability goals; carbon

reduction, solar installation and employee safety.

Risk and rewards

The Sustainability Linked Loan rewards Seeka when it achieves yearly sustainability targets by decreasing

the annual interest rate on the syndicated banking facilities. If Seeka does not meet sustainability targets, a

higher interest rate is charged. This allows Seeka’s syndicate lenders to financially incentivise Seeka to achieve

predetermined sustainability performance targets.

Achieving all three sustainability targets delivers the biggest discount to Seeka's annual interest costs.

Westpac had a key role as the Sustainability Coordinator, leading the Sustainability Linked Loan process in

partnership with Seeka.

Key performance indicators and sustainability performance targets

The three key performance indicators have sustainability performance targets to reduce greenhouse gas

emissions, increase renewable energy generation and improve employee safety. Each indicator has a yearly

performance target that tracks incremental sustainability gains between the 2022 base year and 2027.

Key performance indicatorSustainability performance target2022 base year

2027 sustainability

performance

target

Reduce greenhouse gas

emissions.

Reduce absolute category 1 and 2 greenhouse

gas emissions to no more than 6,485 tCO2e.

10,173 tCO2e6,485 tCO2e

Reduce emissions intensity of category 1, 2, 3

and 4 greenhouse gas emissions to no more

then 42 tCO2e per $1 million of revenue.

66 tCO2e42 tCO2e

Increase renewable energy

generation capacity.

Install 1,114 kW of solar energy generation

capacity

1

.

Zero1,115 kW

Improve health and safety.Achieve zero serious injuries.1Zero

Achieve a TRIFR

2

of less than or equal to 2.5.2.752.5 or less

External review of our sustainability performance targets

External reviewer Morningstar Sustainalytics provided a second-party opinion to confirm alignment with

the internationally-agreed Sustainability-Linked Loan Principles. Sustainalytics also confirmed that Seeka’s

sustainability performance targets are ambitious.

1. Seeka had 446 kW of solar operating in 2022.

2. Total recorded injury frequency rate per 200,000 hour worked.

7SEEKA LIMITED | SUSTAINABILITY REPORT JUNE 2023
Key performance indicator 1.

Reduce greenhouse gas emissions

The sustainability performance targets to achieve key performance indicator 1 is to reduce category 1 and 2

emissions to 6,485 tCO2e by 2027. This aligns with Seeka’s targeted 30% reduction by 2025, and 50% by 2030

1

.

Sustainalytics have assessed the alignment of Seeka’s absolute emissions reduction target with the SBTi’s 1.5°C

pathway and notes this key performance indicator goes well beyond the SBTi’s 1.5°C scenario, see SBTi.

Category 1 includes direct emissions from

Seeka-controlled operations, including vehicle

fuels, refrigerants and fertiliser. Category 2

includes indirect emissions from purchased

electricity.

Along with reducing absolute emissions, Seeka

is also committed to reducing its emissions

intensity. This is the total category 1 and 2 plus

transport and supply-chain categories 3 and

4 against total Group revenue. If Seeka fails to

meet its annual absolute reduction targets, but

does meet the annual intensity target, there is

no change in the base interest rate.

Key performance indicator 2.

Increase renewable energy generation capacity

3

The sustainability performance target to achieve key performance indicator 2 is to

install 1,115kW of new renewable energy generation capacity by 2027. This aligns

with Seeka’s target to have 1000 kW of solar installed by 2025, and 3000 kW by

2030

4

.

By adding renewable energy generation to post harvest roof spaces, Seeka

increases its energy resiliency, reduces exposure to energy price increases, and is

helping decarbonise New Zealand's electricity grid.

The progressive addition of solar is a key initiative to achieve Seeka’s carbon-

reduction targets, and contributes to the national goal of 100% renewable

electricity generation by 2030.

Key performance indicator 3.

Improve health and safety

The employee safety performance indicator targets zero serious injuries and a total

recorded injury frequency rate (TRIFR) below 2.5 per 200,000 hours worked by

2 0 2 7.

Seeka’s health, safety and wellbeing policy is focussed on ensuring everyone goes

home injury free, with zero serious injuries. The health and safety management

plan identifies, eliminates or minimises all hazards, and ensures all staff and

contractors are informed and follow the correct control procedures.

2022 2023

2

2024202520262027

10,173

9,219

8,372

7, 4 1 8

6,952

6,485

Reduction thresholds for absolute

category 1 and 2 emissions

Category 1 and 2 tonnes CO2e

202220232024202520262027

66

61

55

49

45

42

Reduction thresholds for intensity of

category 1, 2, 3 & 4 emissions

Tonnes CO2e per $1,000,000 revenue

202220232024202520262027

Zero

345

515

715

915

1,115

Solar installation thresholds

Total new generating capacity kW

2022

5

20232024202520262027

2.75

3.50

3.25

3.00

2.75

2.50

Health and safety thresholds

Recordable injuries per 200,000 hours worked

1. The baseline was reset to 2022 to incorporate recent acquisitions.

2. Excludes category 1 emissions (1,385tCO2e) from a Gisborne refrigerant leak which occurred prior to the execution of the Sustainability Linked Loan.

3. Category 2 emissions may include Renewable Energy Certificates.

4. Total cumulative solar installed by Seeka, including the 446 kW of solar operating in 2022.

5. 2022 TRIFR was significantly lower than the historic four-year average of 3.89 (2019 – 2022).

SUSTAINABILITY REPORT JUNE 2023 | SEEKA LIMITED8Teresa Williams, Line Manager, Seeka Oakside

9SEEKA LIMITED | SUSTAINABILITY REPORT JUNE 2023
Seeka's climate impact

Seeka is working to understand and adapt to the challenges

of climate change, and has set a target of net zero carbon

emissions by 2050.

Since 2019, Seeka has been measuring its carbon footprint. Using this

information, Seeka has initiatives to reduce category 1 and 2 emissions

by 30% within three years, and 50% by 2030. This includes reducing

refrigerant gas emissions, and the use of fossil fuels, synthetic fertilisers and

electricity.

Category 2 emissions

come indirectly from purchased services. Our main source is:

Electricity

Powering our packhouses and coolstores

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

SUSTAINABILITY REPORT JUNE 2023 | SEEKA LIMITED10
Seeka's carbon footprint

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

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

emission categories since 2019.

Seeka's approach to its carbon footprint is to prevent carbon emissions, then to reduce, and offset as a last

resort. No carbon offsets were purchased between 2019 and 2022.

Annual CO2e footprint, 2019 to 2022

Absolute carbon footprint in tonnes CO2e

19,504

19,220

19,864

22,839

Category2019202020212022Emissions

1

4,0513,8033,9004,465

Direct emissions controlled by Seeka

2

3,9733,6964,4875,708

Indirect emissions from purchased electricity

3

4,0694,4523,9874,618

Indirect transport emissions from Seeka's supply chain

4

7,4117,2697,4908,048

Other indirect emissions from Seeka's supply chain

Total

19,50419,22019,86422,839

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 are used for setting reduction

targets. Categories 3 (supply chain transport) and 4 (other supply chain emissions) are controlled by Seeka's supply chain

partners. Seeka has limited control over kiwifruit packaging, which contributes to category 4 emissions, as this is determined by

the regulated marketer Zespri. Seeka supports and encourages the development of sustainable packaging choices and remains

committed to minimising post harvest waste. Seeka recognises emissions for kiwifruit from orchard to port.

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 grew by more

than 20% with the acquisition of

OPAC, a kiwifruit business based in

Ōpōtiki. This contributed to Seeka

increasing its absolute carbon

footprint in 2021. Full-year operation

at OPAC, along with the acquired

Orangewood and Seeka Gisborne

businesses, contributed to a further

increase in 2022.

11SEEKA LIMITED | SUSTAINABILITY REPORT JUNE 2023
82.3

76.5

64.2

65.6

46.1

41.5

29.9

28.4

Intensity-based performance measures

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.

Our total emissions are benchmarked against three intensity-based measures:

–Tonnes CO2e per $1,000,000 revenue

–Tonnes CO2e per 100,000 class 1 trays packed

–Tonnes CO2e per permanent employee

58.2

5 7. 6

50.7

54.4

201920202021202220192020202120222019202020212022

Per 100,000 class 1 trays packed

Tonnes CO2e

All three intensity

performance indicators

have reduced since

2019.

A drop in 2022 kiwifruit

yields contributed to the

2022 revenue and fruit

packed indicators being

higher than the previous

year.

Per permanent employee

Tonnes CO2e

Per $1,000,000 revenue

Tonnes CO2e

$

1m

SUSTAINABILITY REPORT JUNE 2023 | SEEKA LIMITED12
2,302

2,852

Insights into Seeka's emissions

Trends in Seeka's category 1 emissions

Total category 1 emissions have increased 10% since 2019, as Seeka handled a 30%

increase in kiwifruit volumes. Coolstore refrigerants and fossil fuels consumed by Seeka's

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

–Seeka has decreased refrigerant leaks by 31% in three years, despite a 30% increase

in coolstore volumes. The conversion to carbon-neutral refrigerants provides scope to

further reduce Seeka's category 1 emissions.

–Growth and acquisitions contributed to a 58% increase in fossil fuel use since

2019. The uptake of electric and hybrid vehicles provides scope to reduce fossil fuel

consumption.

–Seeka has reduced synthetic nitrogen application rates since 2019, by switching to

naturally-occurring organic nitrogen. This sustainability gain has offset the increase

in leased orchards. When sourcing synthetic nitrogen, Seeka factors in the embedded

carbon in the procurement process (which is counted as a category 4 emission).

Refrigerants

Tonnes CO2e

Fossil fuels

Tonnes CO2e

Fertilisers

Tonnes CO2e

2,018

1,809

183

1,382

2,028

299

1,251

1,388

251

202

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

201920202021202220192020202120222019202020212022

13SEEKA LIMITED | SUSTAINABILITY REPORT JUNE 2023
Trends in Seeka's category 2 emissions

Category 2 covers the consumption of electricity,

predominately consumed to grade, pack and coolstore

fruit in New Zealand and Australia. Grid electricity is the

energy source for Seeka's core business and has increased

alongside coolstore volumes and machinery automation.

Total category 2 emissions are up 45% since 2019. Seeka

has also acquired three post harvest facilities since 2019.

Normally 80% to 85% of New Zealand’s electricity

is generated from renewable sources, with fossil fuel

generation making up the remaining portion. This means

that in years with higher reliance on fossil fuels, the category

2 emissions associated with using the same amount of grid

energy will be higher.

Seeka is working to reduce peak demand and is actively

switching to renewable energy.

3,973

3,696

4,487

5,708

2019202020212022

Category 2 emissions

Tonnes CO2e

Seeka's main category 2 emissions

Electricity

Powering packhouses and coolstores

Lighting

SUSTAINABILITY REPORT JUNE 2023 | SEEKA LIMITED14
Carbon sequestration in

kiwifruit orchards

Seeka is researching

improvements to soil health to

improve crop quality and yields

from healthier and more resilient

plants.

Seeka intends to incorporate

orchard carbon sequestration

once reliable and science-based

methods are established.

According to a 2011 Bay of

Plenty study

1

, each year organic

kiwifruit orchards sequester 2.4

tonnes of CO2e per hectare. With

Seeka managing nearly 2000

hectares of kiwifruit, this equates

to almost 4700 tonnes of CO2e

sequestrated each year. Seeka

has a further 160 hectares of

kiwifruit in development that will

further lift annual sequestration.

1. Page, Kelly, Minor and Cameron

15SEEKA LIMITED | SUSTAINABILITY REPORT JUNE 2023
XRB climate-related

disclosure requirement

(NZ CS 1)AlignmentFuture development

GovernanceSeeka’s Sustainability Committee meets quarterly

to review climate risks, which are reported to the

Board.

Seeka’s Audit and Risk Committee also consider the

implications of climate-related risks.

Sustain ongoing assessments and transparently

communicate risks associated with climate change to

all levels of management on a regular basis.

StrategyPhysical and transitional climate-related risks

identified.

Risks and impacts assessed against various

warming scenarios and time frames.

Climate risks and impacts considered in capital and

funding allocation.

Risk mitigation and adaptation strategies identified.

Continuously analyse and assess the present and

expected financial implications.

Expand and integrate climate risk transition planning

into the business model and strategic framework.

Ensure alignment between transition planning, capital

allocation, and funding decision-making processes.

Risk managementDeveloped a climate risk register which is reviewed

annually.

Climate-related risks are incorporated into Seeka’s

risk management register.

Utilise smart technology and scientific weather

modelling to update climate risk assessments.

Metrics and targetsSince 2019, Seeka has measured and verified all

scopes of GHG emissions, including emissions

intensity, in accordance with ISO 14016-1:2018.

Public milestone carbon reduction targets

established and aligned to science

1

.

Annual targets established in Sustainability Linked

Loan from a 2022 baseline.

Update metrics used for assessing climate risks.

Explore internal carbon emission pricing.

Seeka will include recognition of orchard carbon

sequestration if regulations allow.

AssuranceGHG inventory awarded ‘reasonable’ level of

assurance.

Continue to achieve a high level of verification

assurance.

1. Third party, Sustainalytics assessed Seeka’s absolute emission reduction targets as science aligned using SBTi’s near-term science-based target tool.

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 Seeka's strategy and long-term success.

The Board has 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

needs of the business. The Committee meets at least quarterly and is comprised of at least two Directors of the

Board.

Climate-related risks and opportunities

Seeka discloses its climate-related risks and opportunities in line with the External Reporting Board’s (XRB’s)

Climate-related Disclosures (NZ CS 1) . Seeka’s climate-related risks are regularly reviewed and incorporated into

Seeka’s risk management register.

SUSTAINABILITY REPORT JUNE 2023 | SEEKA LIMITED16
Climate risk and impact assessment

Changing climate and an increase in severe weather events is

a threat to the business. This impacts the land and our people,

and the quantity and quality of the fruit Seeka handles. Seeka

is working to enhance its resilience by assessing climate-

related risks and impacts, and adapting business practices.

While changing climates introduce physical and transitional

risks that may be beyond Seeka’s direct control, Seeka is

identifying these risks and is formulating strategies to ensure

the business remains resilient.

New Zealand and Australia were impacted by extreme

weather events in the last year, including flooding, frosts,

cyclones and hail.

Physical climate risks

As a grower, Seeka is aware of the physical risks associated

with a changing climate.

Seeka uses frost protection and orchard shelter systems

to minimise frost and wind damage to kiwifruit crops.

Geographical diversity mitigates risk from localised weather

events, providing Seeka with a more resilient and adaptable

business model, however in 2022 all regions were effected by

weather-related events.

Seeka is implementing regenerative horticulture practices

to improve soil health. By adopting regenerative techniques,

Seeka is working to build healthier and more sustainable

orchard ecosystems.

Through innovation, adaptation, and responsible farming

practices, Seeka is navigating the evolving climate landscape

to maintain a resilient and sustainable position in the

horticulture industry.

Transitional climate risks

Seeka is transitioning its products and services to low

carbon alternatives. This includes reducing grid electricity

consumption through increased renewable energy generation,

and phasing in environmentally-friendly refrigerants as old

equipment reaches end of life.

Cyclone Gabrielle

Cyclone Gabrielle reached New Zealand

in 2023 and is an example of an extreme

weather event that could become more

frequent with climate change.

Gabrielle delivered heavy rains over much

of the North Island's main kiwifruit growing

regions, and severe flooding in the Hawke's

Bay and Gisborne. Many orchards in the

Hawke's Bay and near Gisborne were

severely damaged, however they are not a

large kiwifruit-growing regions.

Seeka supported its growers impacted by

flooding, and is using this event to better

understand the impacts of extreme weather.

17SEEKA LIMITED | SUSTAINABILITY REPORT JUNE 2023
Climate change risk and opportunity analysis

New Zealand and Australia could experience more extreme weather events, including high-intensity rainfall, higher sea levels,

less winter chilling, higher average temperatures, and more extreme-heat days. Seeka has identified its climate change risk and

impact, and is working to develop an adaptation plan to manage this risk.

Transitional risks

Risks and opportunitiesImpactResponse

Regulatory changes

restrict chemical

applications for pest

control and crop

maintenance.

By controlling pests and disease, chemical

inputs maintain fruit quality and yield.

The chemical Hi-Cane improves kiwifruit

yields by promoting uniform budbreak

and flowering. Removing Hi-Cane without

finding a viable alternative could disrupt

the uniformity of fruit maturity resulting

in lower yields, quality issues and

subsequently increased food waste.

High R&D cost to find alternative chemicals.

Active involvement in industry associations, including regional

councils, government and regulators.

Research and development focused on chemical alternatives and

reduced chemical input, while achieving consistent quality and

yields. It is anticipated that Hi-Cane will be phased out over the

next ten years which should provide enough time to identify a

viable alternative.

Adopt regenerative horticulture practices, improve biodiversity,

and encourage beneficial insects and planting.

Changing consumer

preferences and new

market restrictions.

Changing consumer sentiment regarding

carbon footprint, chemical inputs, pests,

and diseases can impact fruit demand.

Adaptations in farming techniques may

be necessary to meet evolving consumer

demands.

Decarbonise our supply chain.

Progress pest management strategies and improve smart spray

plans.

Adopt regenerative horticulture practices to reduce chemical

inputs.

Research and development into chemical alternatives.

Regulations restrict

orchard water

availability.

Temperature increases may increase

demand for irrigation, which coupled with

tighter water restrictions could stress

orchards, impacting plant health and yields.

Develop farm environmental plans.

New developments must be able to access water or have on-site

water storage.

Improve irrigation infrastructure and harvest on-orchard

rainwater.

Use regenerative horticulture practices to improve soil health and

water retention.

Research and development on drought resilience, including

applying Australian learnings.

Introduction of

market mechanisms

add a cost for carbon.

The cost of carbon being priced into

commodities such as fuel and fertiliser.

Rising demand for carbon offsets.

Seeka has set 5, 10 and 30 year targets to progressively reduce

its carbon footprint.

Understand scope-3 emissions and work with suppliers to

measure and reduce their carbon footprints.

Develop a procurement strategy that values low carbon products

and services.

SUSTAINABILITY REPORT JUNE 2023 | SEEKA LIMITED18
Physical risks

Risks and opportunitiesImpactResponse

Risk to fruit yields

and quality from

extreme weather

events.

Heavy rain, flooding, frost, hail, high winds,

heat waves and fire can physically damage

plants and fruit, and impact fruit quality and

storability.

Extreme weather events such as high winds

and flooding could damage post harvest

facilities.

Geographic spread of orchards distributes the risk from extreme

weather events.

Invest in crop protection measures, such as irrigation, frost fans,

protection, shelter belts, and hail netting.

Avoid orchard development on land vulnerable to climatic

impacts such as steep slopes and low-lying coastal areas.

Consider flood plains, water supply and free drainage on

orchards and post harvest facilities.

Improve access to weather forecasting technology and response

planning.

Develop innovative crop protection solutions.

Risk to fruit yields

and quality from

higher average

temperatures.

Warmer winters reduce kiwifruit bud break

and yields, and increase the reliance on

chemicals.

Warmer winters increase pest pressure.

Higher temperatures impact water quality

and availability, raise drought conditions,

and degrade soil quality and biodiversity.

Increase the geographical spread of orchards.

Develop farm environmental plans to provide locally relevant

adaptation strategies.

Improve irrigation infrastructure and harvest on-orchard rain

water.

Monitor and improve waterways, biodiversity, and natural

ecosystem services.

Industry collaboration to develop resilient orcharding practices

and crops.

Apply Australian learnings.

Unseasonal weather

events impact crops

and disrupt harvests.

Plants use the cycle of seasons to time

growth, flowering and fruit development.

Climate change may impact plant health

and crop quality, yield and timing.

Adapt orchard and post harvest practices to changing seasons.

Improve weather-event protection measures, such as irrigation

and frost fans.

Diversify crop types and variety.

Risk to fruit yields

and quality from new

pests and diseases or

increased presence

of existing pests and

diseases.

Higher temperatures may support the

introduction of new pests and diseases.

Warmer, wetter conditions may support

higher populations of existing pest species.

Adapt orcharding practices to monitor and control pests and

diseases.

Geographic spread of orchards distributes the risk and allows for

a targeted response.

Enforce biosecurity controls on disease and disease vectors.

Introduce beneficial insects and plants to combat pests and

disease.

Research and develop better biological and chemical controls.

Rising sea levels.Higher sea levels may raise the water table,

reduce drainage, and increase ground water

salinity.

Unprotected coastal orchards may have a

higher risk of coastal erosion.

Establish a minimum altitude for new orchard developments.

Supply freshwater for orchards close to sea level.

19SEEKA LIMITED | SUSTAINABILITY REPORT JUNE 2023
Opportunities

Risks and opportunitiesImpactResponse

Consumer demand

for sustainably

produced, healthy

foods increases

demand for Seeka-

handled fruit.

Stronger product demand and new markets.Ensure Seeka is an industry leader in carbon reporting and

adaptation.

Achieve carbon reduction targets.

Work with industry and suppliers to reduce the supply chain

carbon footprint.

Green financing

for low-carbon

developments.

Lower economic cost of carbon reduction

and sustainability programmes.

Engage with lenders of Sustainability-Linked Loans.

Investigate grants for carbon reduction and low-carbon

technology.

Higher soil CO2

levels improve plant

water use.

Orchards require less water.Understand soil carbon and water storage capacity.

Establish orchard management practices that best capture

carbon in the soil.

Climate change

opens new growing

regions.

Changing climates may allow productive

orcharding in colder regions.

Track and forecast new orcharding regions and match

suitable fruit varieties.

Leverage experience in handling multiple varieties in different

regions.

Adapt orchard practices.

SUSTAINABILITY REPORT JUNE 2023 | SEEKA LIMITED20
Carbon reduction initiatives

Renewable energy

As a major energy consumer, Seeka is transitioning to low-carbon sources. As operations rely on the national grid

to power refrigeration and packhouse machinery, Seeka’s carbon footprint from electricity is closely coupled to

New Zealand’s generation mix.

While between 80% to 85% of New Zealand's electricity comes from renewable sources, we rely on fossil fuels in

peak periods. Seeka acknowledges its responsibility to contribute to a low-carbon energy future and has set goals

to install new renewable energy sources.

By 2025, Seeka aims to have 1000kW of solar panels, with a target of 3000kW by 2030. These solar installations

supplement the national grid, reduce use of non-renewable energy, and help alleviate peak demand on the

national grid.

Seeka has installed 446kW of solar at three locations. Kiwifruit energy demand peaks in autumn and winter.

Seeka has installed solar at Seeka Kerikeri and Seeka Australia which handle a diverse range of crops and have a

more-consistent energy demand throughout the year. These sites also have good sunshine hours, making them

ideal for solar. Seeka also has solar panels at the head office.

Seeka continues to identify opportunities for solar installations, including packhouse rooftops in the Bay of Plenty.

Solar mitigates against future energy cost increases. Additionally, advancements in battery technology enhance

solar systems by storing power for later use.

Energy efficiency

Along with transitioning to renewables, Seeka is implementing new technologies and energy management

strategies to decrease our energy demand. This includes transitioning to LEDs, and incorporating natural daylight

into the design of new packhouse facilities. Lights are also being controlled by motion and lighting sensors which

automatically adjust light intensity. Seeka is evaluating and improving coolstore insulation, refrigeration systems

and equipment efficiency.

21SEEKA LIMITED | SUSTAINABILITY REPORT JUNE 2023
Low emission vehicle fleet

Seeka aims to reduce its reliance on fossil fuels and decrease its carbon

emissions from vehicle operations by transitioning to low-emission vehicles

(LEVs).

Seeka has assessed its vehicle fleet and requirements for different roles.

While mid-sized hybrids and electric vehicles are suitable for support

operations, Seeka's orchard operations team require larger 4WD vehicles

capable of transporting equipment between orchards and navigating off-

road conditions. Unfortunately, the current offroad options available in the

EV market do not meet Seeka's needs, and Seeka is awaiting viable vehicles.

Seeka has added five new hybrids and one plug-in hybrid, bringing the total

number of low-emission vehicles to 11. Seeka has also installed a dual 7kW

electric car charger at the head office, designed and installed by Hikotron in

New Zealand. Accessible through an app, the charger is available for staff,

visitors, and company vehicles. Seeka is looking at building its charging

network as it prepares to transition to LEVs.

Coolstore refrigerants

Seeka specialises in cooling and controlling the temperature of stored

kiwifruit, to meet a long supply window. Refrigeration gases, especially

those with high global warming potential (GWP), can have significant

adverse effects on the environment when released into the atmosphere.

Upgrading to environmentally-friendly refrigerants incurs significant capital

costs. Seeka is minimising refrigerant leaks through planned maintenance

and better leak detection. This minimises the potential environmental

impact, and enhances energy efficiency.

Seeka supports the government's transition from voluntary to legally-

regulated disposal of synthetic refrigerants and advocates for increasing

incentives for refrigerant gas destruction through the Cool-Safe product

stewardship scheme.

SUSTAINABILITY REPORT JUNE 2023 | SEEKA LIMITED22
Hybrid vehicle fleet

Seeka has installed two 7kW electric vehicle

chargers at Seeka 360 Head Office. New

low-carbon options are being added to Seeka’s

owned and leased vehicle fleet which currently

operates 11 hybrid vehicles.

Seeka’s 2023 goals are to grow its electric

vehicle charging network and increase the

percentage of low-carbon vehicles.

Worm farm

Organic post harvest waste was diverted from

landfill to Seeka’s worm farm. Vermi compost

recovered at the worm farm is recycled back to

Seeka orchards in a regenerative process.

Seeka’s 2023 goals are to maximise worm

farm waste recovery and investigate applying

circular waste management to other areas of

the business.

Solar energy

In 2022, Seeka had 446kW of solar installed

across its Australia and New Zealand sites

which produced more than 400MWh of

renewable energy. Seeka’s post harvest facilities

have large roof spaces suitable for solar.

Seeka’s 2023 goal is to install 345kW of solar.

LED lighting and sensors

In 2022, Seeka added more LEDs and motion

sensors to its large post harvest facilities. These

LEDs use up to 70% less power than previous

fittings. Stage one of Seeka’s roll out is expected

to save nearly a million kWh annually.

Seeka’s 2023 goals are to continue to install

LED lighting and motion sensors.

Waste management

Seeka recovered strings from more than 100

hectares of kiwifruit vines, which are recycled

into useful agricultural products, and recovered

273 tonnes of cardboard for recycling.

Seeka’s 2023 goals are to extend soft plastic

recycling to regional operations.

Regenerative horticulture

Seeka is reducing the use of synthetic inputs to

enhance biodiversity and soil health.

Seeka’s 2023 goals are to expand regenerative

horticulture, and share findings with the

grower community.

Zero GWP refrigerants

In 2022, Seeka upgraded Transcool coolstores

with a zero-carbon refrigeration system. By

replacing legacy coolstores with high-efficiency

rooms and ammonia coolant systems, Seeka is

progressing its commitment to achieve a 50%

reduction in harmful coolant leaks from the

2019 baseline.

Seeka’s 2023 goal is to further improve

refrigerant leak detection systems.

Packaging and waste

Seeka is considering innovative packaging

solutions. In Australia, Seeka has recently made

a transition from plastic to cardboard punnets.

Seeka’s 2023 goals are to progress packaging

innovation.

LED

Sustainability Projects

.

Case study
Jujube dates

In Australia, Seeka is trialling jujube

dates, a hardy, fast-cropping crop also

known as red or Chinese dates. Jujube

are part of the buckthorn family and have

a long cultivation history in Southern

Asia, the Middle East and Africa.

Currently, Seeka has 22 hectares of

jujube cropping or in development,

and has been supplying fresh fruit to

Australia's large retailers.

Seeka is aiming to expand jujube

production to 40 hectares in Australia.

23SEEKA LIMITED | SUSTAINABILITY REPORT JUNE 2023

Crop diversification and climate adaptation

Over the past three years, Seeka has expanded its operations to encompass New Zealand's Northland, East Cape,

and Gisborne regions. Seeka is also growing and packing a range of fruit, including nashi, pears, plums, avocado,

kiwifruit, kiwiberry, jujube, persimmons and citrus.

By growing diverse ranges of crops in different regions, Seeka is building its knowledge base on how different soil

types and climates impact plant health and fruit yields. These learnings are helping Seeka adapt orchard practices

and help guide developments.

SUSTAINABILITY REPORT JUNE 2023 | SEEKA LIMITED24
Waste minimisation

Creating a circular economy

Seeka's waste minimisation initiatives showcase our commitment to sustainable practices, recycling,

and reducing the environmental impact of our operations.

Collaboration with landowners

Seeka's technical team and orchard managers work closely with landowners to cultivate sustainable

volumes of flavourful, visually appealing, and pest-free fruit. This ensures that the fruit meets high-quality

standards and reduces the likelihood of waste fruit.

VLS Testing Laboratory

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

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

or over-mature fruit.

SureStore Bins

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

minimises waste from transport damage.

Soft-handling technology

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

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

lower-grade fruit can be directed towards alternative uses, minimising waste.

Inventory management systems

Seeka's inventory management systems prioritise coolstore loadouts, ensuring that fruit is dispatched

based on quality. This reduces the risk of waste from storage losses.

SeekaFresh programme

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

demand. This includes promoting the seasonal availability of Seeka fruit to consumers to optimise sales

and minimise waste by aligning supply with consumer demand.

Packaging innovations

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

space for fruit that may not have met traditional cosmetic standards. These innovative packaging

solutions, such as "odd bunch" programmes, allow Seeka to sell a greater portion of its fruit, reducing

waste and maximising value.

25SEEKA LIMITED | SUSTAINABILITY REPORT JUNE 2023
Picking innovations

Seeka is implementing innovative picking bags to handle kiwifruit

more gently. The new bags reduce the potential for damage during

the picking process, to decrease fruit waste.

DNFC

Seeka's subsidiary, the Delicious Nutritious Food Company (DNFC),

specialises in processing fruit that falls short of retail-grading

standards. This fruit is transformed into functional food products

such as Kiwi Crush and Kiwi Crushies. Seeka also processes

avocado into avocado oil.

SeekaFresh, the marketing arm of Seeka, directly promotes and sells

these products, making them easily accessible to consumers.

Seeka worm farm

Seeka's worm farm receives residual waste from DNFC's Kiwi Crush

operations and organic waste from the packhouse. The worms turn

this waste into vermi compost, which is then used as a compost

on Seeka orchards. Seeka has the capacity to divert 100 tonnes of

organic waste each year.

Recycling kiwifruit vine strings

Where practicable, kiwifruit strings are collected after harvest and

sent to Plasback, a member of the government-accredited product

stewardship scheme, to be recycled into durable plastic products.

Cardboard recycling

Seeka utilises large volumes of cardboard packaging. In 2022,

273 tonnes of packaging were collected and recycled through the

company's supplier, Oji Fibre Solutions.

Shift to easy-to-recycle cardboard cartons

Seeka Australia has been transitioning away from single-use plastic

packaging. Plastic punnets have been replaced with easy-to-recycle

cardboard cartons. Seeka's eight-pack kiwifruit cartons, made from

cardboard, are now available for sale in Woolworths and other

leading Australian retailers.

Seeka's new picking bags ensure kiwifruit are

handled more gently.

SUSTAINABILITY REPORT JUNE 2023 | SEEKA LIMITED26
Regenerative horticulture

Historical land management practices rely on synthetic chemicals

and nutrients to maximise productivity, but these practices can

have negative impacts on the environment by disrupting the health

of the soils and waterways. Seeka recognises the importance of

biodiversity in creating a circular and interconnected system.

Seeka has a team of technical specialists who are continuously

reviewing orchard practices.

Some of the initiatives we have implemented include:

–Sward growth and beneficial plantings: We encourage the

growth of diverse vegetation in and around orchards to support

beneficial insects, improve soil structure, and enhance overall

biodiversity.

–Innovative mowing practices: We have adopted innovative

mowing techniques that reduce the need for weed sprays,

promoting a healthier and more natural ecosystem.

–Composting: Seeka actively promotes composting to increase

the organic matter content in the soil, improving its fertility and

structure.

–Reducing synthetic nutrient usage: We are working to minimize

the reliance on synthetic nutrients, exploring alternative

methods and organic practices to support orchard health and

productivity.

–Supporting organic orcharding: Seeka provides support and

resources to growers who choose organic orcharding methods,

promoting sustainable practices and reducing chemical inputs.

–Protecting waterways: Seeka is committed to protecting

waterways by implementing riparian plantings and regenerating

wetlands, creating buffer zones that filter runoff and enhance

water quality.

Through these initiatives, Seeka aims to enhance soil health while

promoting biodiversity, which contributes to the production of

high-quality fruit and the long-term environmental well-being of our

orchards and ecosystems.

27SEEKA LIMITED | SUSTAINABILITY REPORT JUNE 2023
Social sustainability

At Seeka, social responsibility is a fundamental aspect of our brand attribute, "Founded on Relationships". We

work towards being an employer of choice, and highly value our connections with the communities in which we

operate. The welfare and well-being of our growers, clients, employees, investors, and communities are of utmost

importance.

We strive to create a positive and inclusive work environment for our employees, ensuring fair treatment, equal

opportunities, and fostering their professional growth. We also prioritise the satisfaction and success of our

growers and clients by delivering excellent service and building strong relationships based on trust and mutual

benefit.

In addition, we recognise the impact of our operations on the communities we serve. Seeka engages with local

communities, supporting initiatives that promote social development, environmental sustainability, and economic

growth.

Our people

Seeka is committed to being an employer of choice. Seeka believes in fair compensation for all employees and is

working to report our performance on pay equity, ensuring that everyone receives equitable remuneration for their

work.

Seeka is committed to investing in the safety of our people, implementing robust safety measures. Additionally,

Seeka establishes remuneration structures, provides training opportunities, and offers clear career pathways that

attract and promote the best individuals within our industry. Seeka recognises that our people are the driving

force behind Seeka's success, and we celebrate and express gratitude for their valuable contributions.

Seeka's ongoing commitment to our workforce ensures that we create an inspiring and rewarding company

culture. We strive to be an employer that attracts, retains, and nurtures top talent.

Partnering with Māori

Seeka acknowledges the importance of its partnerships with Māori and holds these relationships in high regard.

Seeka has the largest number of Māori kiwifruit growers, and is actively investing in partnership with Māori to

develop kiwifruit and other orchards. These investments are stimulating the Māori economy and communities.

Māori entities hold a substantial shareholding in Seeka, which grants them a voice and influence within the

company. This ensures that Māori perspectives, values and aspirations are represented and taken into account in

Seeka's decision-making processes.

Case study
East Cape orchard developments

Seeka is partnering with iwi and Kānoa

(Regional Economic Development &

Investment Unit) to create employment,

generate long-term wealth and strengthen

communities in the East Cape.

Our co-investments to grow 40 hectares

in Raukokore, 12 hectares in Te Kaha and

10 hectares in Hawai, is helping a new

generation of iwi leaders obtain a thriving

social and economic future. The orchard

developments are growing the Māori

economy, improving land utilisation, creating

local jobs and returning value to Māori as

orchard owners.

In Raukokore, Seeka is a foundation partner

of the $14 million Wai o Kaha orchard

development. The investment has created

skilled roles and economic development,

which in turn has lead to tangata whenua

returning home.

The iwi, Kānoa and Seeka-funded

development has established 40 hectares of

Hayward kiwifruit orchards on former maize

and grazing land, irrigated by a Kānoa-funded

water system.

Seeka has supported iwi to establish the local

contractor Raukokore Kaimahi to work on the

development, along with other orchards in

the region.

The revitalisation of Raukokore is being

guided by Willie Te Aho and includes Kānoa-

funded housing that is helping locals into

home ownership through a rent-to-own

scheme.

Willie and the iwi of Te Whānau-ā-Apanui

are working to grow the venture, with a

vision to have 100 hectares of kiwifruit in

Raukokore.

SUSTAINABILITY REPORT JUNE 2023 | SEEKA LIMITED28

Case study
RSE programme supports Pacific

social and economic development

Seeka has recognised seasonal employer

workers (RSEs) from the Pacific and

Malaysia. They have become an integral part

of Seeka, with many returning year after year.

Since borders reopened in 2022, Seeka

has welcomed 1200 RSEs and remains

committed to their wellbeing in New

Zealand.

Seeka offers opportunities to RSEs to gain

new skills and increase their knowledge

base while in New Zealand. While directly

benefiting each worker, upskilling also

has a positive effect on their families and

communities in their home countries.

To support RSEs from Kiribati, Solomon

Islands, Samoa, Tonga, Vanuatu, and

Malaysia, Seeka helps with their physical,

mental, and spiritual wellbeing, with Seeka's

pastoral care service ensuring their sense of

belonging and connection within the Seeka

workforce.

Seeka is building Turanga Whetu, a new

accommodation facility scheduled to open in

July 2023. Located on Sharp Road in Katikati,

Turanga Whetu will accommodate up to 140

RSEs, expanding the area's accommodation

capacity.

Turanga Whetu, meaning "Star Base,"

will offer modern amenities, including

recreational areas, lounges, kitchen and

laundry facilities, and facility-wide Wi-Fi.

A special blessing ceremony will mark

the formal opening of Turanga Whetu,

symbolising the beginning of the RSEs'

stay in this welcoming and well-equipped

accommodation facility.

29SEEKA LIMITED | SUSTAINABILITY REPORT JUNE 2023

Esera Isaako, RSE from Samoa

SUSTAINABILITY REPORT JUNE 2023 | SEEKA LIMITED30
Health and safety

Seeka has a health and safety team who ensure the well-being of our workforce operating in diverse

workplaces with moving machinery, tractors, forklifts and heavy vehicles. Seeka continues to invest to keep

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

and our new HIT-NOT proximity detection systems that protects people from moving forklifts.

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 hazards.

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

across the business. 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

Community sponsorship

In 2022, Seeka donated $320,834 to support New Zealand youth development, community, cultural and

sports groups, and Pacific health initiatives. Seeka proudly supported the following groups in 2022:

Ashbrook School

Auckland Rescue Helicopter Trust

Autism NZ

BOP Dragon Boat Club

BOP Rugby Union

BOP Symphonia

Citizens RSE Te Puke

Eastbay REAP

Eastern District Rugby & Sports

Fairhaven School Fundraising

Association

Gisborne Tairāwhiti Rugby League

Gisborne Young Grower of the Year

Hauraki Waka Ama Club

Heart Kids

Katch Katikati Incorporated

Katikati Cricket Club

Katikati Hockey Club

Kerikeri Cricket Club

Kerikeri High School

Kerikeri Rugby Football Club

Kids Foundation

Lion Club Tauranga

Lions Club Katikati

Lions Club Gisborne

Made in Te Puke Trust

Matakana Island Rugby Team

Motu Trails

Mt Maunganui Bridge Club

Mums4mums Charitable Trust

Ngamuwahine Trust

Ngāpuhi Iwi Social Services

New Zealand Frisbee team

Omanu Golf Club

Ōpōtiki College

Ōpōtiki Golf Club's Matariki Golf

Tournament

Ōpōtiki Surf Life Club

Otamarakau School

Our Kerikeri Community Charitable

Trust

Paengaroa School

Pongakawa School

Purangi Golf & Country Club

Radio Lollipop for Children in Hospital

Rotary Club Katikati

Rotary Club Papamoa

Rotoiti Fishing Club

Tauranga Intermediate

Tauranga North Tai Mitchell

Te Aranui Youth Trust

Te Kura Mana Māori o Maraenui

Te Puke Agriculture & Pastoral

Association

Te Puke Boys & Girls Agricultural Club

Te Puke Bridge Club

Te Puke Community Patrol

Te Puke Cricket Club

Te Puke Events and Promotions Group

Te Puke Golf Club

Te Puke High School

Te Puke Intermediate

Te Puke Pony Club

Te Puke Smallbore Riffle Club

Te Puke Sports & Recreation Club

Te Puke Squash Club

Te Puke Tai Mitchell

Te Puke Tennis Club

Te Ranga School

Te Rūnanga o Ngāti Ranginui

The Going Bananas Show

The Job Agency

The Kids Foundation

Tia Marae Charitable Trust

Toi Kai Rawa

Top Energy Far North Science

Te Puke Volunteer Fire Brigade

Waerenga-A-Hika Squash Club

Waihau Bay Sports

Western Bay Heritage Trust

Western BOP Cricket Association

Young Fruit Growers

Zespri AIMS Games

31SEEKA LIMITED | SUSTAINABILITY REPORT JUNE 2023
Social report

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

that supports prosperous communities.

ResponsibilityInitiativeAchievements

Engage youth into

industry

CadetshipSupported five new cadets into the workforce in 2022.

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

post harvest operations that give cadets comprehensive knowledge about the industry.

Current key achievements include:

–Integration of Tikanga Māori.

–New post harvest stream that broadens learning and development.

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

moving to post harvest next year.

–Formal public speaking opportunities with government working groups.

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

opportunities with the grower community, improve cadet confidence and support

Seeka's community engagement.

Our second-year orchard cadets are in supervisory roles and developing leadership skills

with our RSE units while also developing their orchard management skills.

Our third-year orchard cadets are working towards trainee manager roles, where there is

significant competition.

Our third-year post harvest cadet has performed a broad range of packhouse leadership

roles, and is also taking a supply and distribution course.

UpskillingTrainee orchard

management

programme

Seeka has two trainee orchard managers that oversee a small portfolio of orchards. With

close support and mentoring from their regional manager, the trainees learn all aspects of

orchard management, until a position becomes available and they are ready to manage 50

hectares.

Level 3 training

programme

Recently created, the level 3 programme allows leaders to increase their supervisor and

manager skills, and to improve Seeka's operational efficiency through standard processes

and procedures.

InternshipsGeneral managers consider projects suitable for an intern. Interns gain experience in the

area they are studying, create networks, increase awareness, grow aspirations and develop

skills. It is also an opportunity for our team to share their skills in a professional environment.

This year we had four interns:

–IT; created a strategy road map for Seeka's IT team.

–Finance; evaluated Seeka’s plant, equipment, and motor vehicle assets.

–Finance; cost modelling for DNFC

–People and capability; created a survey for Seeka's RSE unit to help improve the

programme.

Toi Ki Tua

internship

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

which is focussed on helping Māori tertiary students enter high-value career pathways.

SUSTAINABILITY REPORT JUNE 2023 | SEEKA LIMITED32
ResponsibilityInitiativeAchievements

Wellbeing'Seeka You’Seeka's people and capability team has partnered with

health and safety to form the support platform Seeka You.

Seeka You covers emotional, mental, physical and financial

support, and has a set of convenient tools and handy apps

that help employees prioritise their wellbeing. The Seeka You

calendar also keeps employees up to date and encourages

participation in activities that promote wellbeing, such as

Gumboot Friday and Pink Shirt Day.

Cultural, age and

gender diversity

Diversity studySeeka undertook a diversity study to assess cultural, age, and

gender diversity at Seeka. The findings indicate that 58%

of Seeka's workforce are male and 42% female. The results

are being analysed to inform future diversity strategies and

planning. Seeka aims to ensure a fair and equitable working

environment for all employees, irrespective of their gender,

cultural background, or age. The study's insights will play a

crucial role in shaping Seeka's efforts to promote inclusivity

and diversity within the company.

Working with MSDHelp New Zealanders into meaningful

employment

Seeka works closely with the Ministry of Social

Development to prioritise New Zealanders into the

workforce, as we liaise with multiple agencies to find

suitable work in our orchard and post harvest operations.

Understand Seeka

people; who we are,

our aspirations, and

our relationship with

Seeka

Permanent employee engagement survey

The 2022 survey indicated an improvement in employee

engagement. Available to all permanent staff, the survey

informs future engagement planning and strategy

development. Seeka values employee feedback and uses

survey insights to enhance initiatives and foster a positive

work environment.

Annual performance and development

review

Provides employees with the opportunity to discuss their

workplace experience, clarify expectations, and plan for

future professional development. These reviews encourage

communication, setting goals, and supporting employee

growth.

Exit surveyExplores both positives and negatives to guide

improvements. The survey is offered to all departing

permanent employees.

Seasonal worker

engagement

Seasonal work campaignsKeeping people engaged to work at Seeka throughout the

harvest season. Seeka was fully staffed at the start of harvest,

and through incentives and a range of fun and inclusive

activities, such as food shouts and dress-up days, Seeka has

maintained a turnover rate under 3%.

33SEEKA LIMITED | SUSTAINABILITY REPORT JUNE 2023
Seeka and the United Nations Sustainable Development Goals

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

goals designed to be a "blueprint to achieve a better and more sustainable future for all." Established in 2015

by the United Nations General Assembly, the UNSDGs are intended to be achieved by 2030.

Seeka's operations are closely aligned with the following eight United Nations Sustainable Development

Goals (UNSDGs):

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

with local communities, hapū, iwi and

Pacific communities.

Read more about Sustainable

Development Goals

See the United Nations Sustainable

Development website.

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

PO Box 47, Te Puke 3153, New Zealand

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

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