The Fisheries Research and Development Corporation (FRDC) is seeking support to plan and develop an Environmental, Social and Governance (ESG) framework for fisheries and aquaculture to address the requirements of several stakeholders (government, investor, consumers) and be a leader addressing key current and emerging ESG trends and expectations. The ESG Framework would cover all fisheries and aquaculture sectors (Indigenous, commercial, wild catch, and recreational).

The proposal sets our suggested approach to developing an ESG framework development plan for Australian fisheries and aquaculture. It includes our proposed methodology, budget and work plan, as well as information on our team and experience.
The overarching objectives of this engagement are as follows:
- Identify the unifying purpose of an ESG framework for Australian fisheries and aquaculture, the drivers that will shape it and the intended audience.
- Review relevant frameworks, standards and agreements to identify existing requirements and best practice related to ESG for Australian fisheries and aquaculture.
- Provide options for how the Australian fisheries and aquaculture sector could design and structure an ESG framework aligned to existing frameworks and systems, and reflecting monitoring and evaluation aspirations and the unique needs of fisheries and aquaculture.
- Prepare an ESG framework development plan which clearly outlines and prioritises the steps that need to be taken to establish and build a mature framework for Australian fisheries and aquaculture.

Please refer to the attached file (Our Recommended Approach Section, pages 14 - 22) for our detailed approach based on our understanding of your needs (P0710649 Fisheries and aquaculture ESG Framework_V2_STC).

In Australia, up to 90% of critical fish habitat for coastal fisheries, including seagrass, giant kelp, saltmarsh, and shellfish reefs, has been lost or significantly degraded. Many research studies have linked habitat with fisheries productivity, with habitat loss particularly impacting juvenile nurseries. Yet despite this information fish habitat restoration is not a recognised management tool in fisheries/harvest management strategies. Given this situation there is a strong need for a cohesive partnership across all fisheries sectors to support repairing productivity through fish habitat restoration and to create a forum where key sectors concerned for or dependent on aquatic habitat condition, can discuss problems and opportunities. This project will address a number of barriers limiting the restoration of fish habitat around Australia; accessibility of data relating fisheries production to habitat condition, limited penetration of this information into management and building a forum for the key fishing sectors to consider this information and develop responses.