Oceana recognises the importance of engaging with various stakeholders to understand and respond to their particular interests and concerns, while ensuring continued value creation for the group’s shareholders. We understand that our business cannot prosper in a failing society and have therefore embarked upon deliberate efforts to improve the socio-economic conditions within the coastal communities in which we operate.
Its key stakeholders are diverse and include employees, consumers, customers, suppliers, standards generating bodies, media, business and JV partners, government and local community members. Wide-reaching social changes and challenges that impact many of Oceana's stakeholders – such as the economic downturn, continuing high poverty levels in coastal communities and limited public service delivery – have highlighted the need to consider the impact of the group's operations in a broad societal context.
Maintaining positive relations with all of its neighbouring communities is crucial to creating and sustaining value, and is a particular priority for the group. Oceana strives for meaningful stakeholder engagement with the aim of mitigating potential risks and identifying new opportunities, such as providing support for local business ventures and implementing focused social investment initiatives.
The group’s key stakeholders include the South African departments of Agriculture, Forestry and Fisheries; Labour; Public Works; and Trade and Industry, as well as organisations such as the National Regulator for Compulsory Specifications (NRCS), the Marine Stewardship Council (MSC) and the South African Maritime Safety Association (SAMSA).
In Namibia, the group engages with the ministries of Fisheries and Marine Resources; Works, Transport and Communication; Home Affairs; and Labour and Social Services; as well as with the Namibia Training Authority, Namibia Maritime and Fisheries Institute and the Fisheries Observer Board.More information is provided in the group’s Corporate Responsibility Report.