Oceana Group

Wednesday, October 22nd, 2014,

Environment

Environmental responsibility

Companies globally are challenged to balance competing demands, such as increasing shareholder value, with sustainable business practices. As such, Oceana recognises that practices introduced today have a long-term impact on the environment and future generations.

Oceana Group in pursuing its strategic objectives endeavours to integrate sustainability and sustainable practices into all aspects of its business operations. We recognise that our activities have a human, natural and social impact and, as such, have adopted the United Nations Global Compact (UNGC) principles. We acknowledge our impact on the ocean and therefore manage it by ensuring that all our commercial rights fall within the green category of the Southern African Sustainable Seafood Initiative (SASSI) consumer list. We acknowledge the reality of climate change and have committed to setting both short-term and medium-term emissions reduction targets in line with national and international targets.

Membership of the Responsible Fisheries Alliance (RFA)

Now in its fourth year of existence, the RFA continues to ensure that all stakeholders understand and support the implementation of an ecosystem approach to fisheries management in South Africa. The RFA comprises World Wide Fund for Nature (WWF) South Africa and four other major commercial fishing operators, namely, Oceana Group, I&J, Sea Harvest and the Viking Fishing group.

More information is provided in the group's Corporate Responsibility Report.