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Environment Social Governance (ESG) framework plan for fisheries and aquaculture

Project number: 2023-126
Project Status:
Current
Budget expenditure: $100,000.00
Principal Investigator: Amy White
Organisation: ERM Australia Consultants Pty Ltd
Project start/end date: 30 Sep 2024 - 9 Mar 2025
:

Need

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).

Objectives

1. To develop an ESG Framework Plan for fisheries and aquaculture covering all sectors (Indigenous, commercial wild catch, recreational fishing, aquaculture).
Industry

Navigating New Waters: Supporting Fisheries and Aquaculture Businesses to Pursue Seafood Tourism as a Diversification Pathway

Project number: 2023-140
Project Status:
Current
Budget expenditure: $135,000.00
Principal Investigator: Robert A. Bell
Organisation: Blueshift Consulting
Project start/end date: 2 Nov 2024 - 29 May 2025
:

Need

This project is a strategic initiative to support seafood businesses in diversifying into new economic markets. Amidst evolving global challenges and the impact of Covid-19 on the seafood industry, the need for diversification is more pressing than ever. The proposed project addresses this need by providing seafood business with the necessary support and resources to diversify into a sector which boasts much potential: seafood tourism. Seafood tourism presents a practical and feasible approach to diversification, which leverages the intrigue of marine environments and the seafood production process. Whilst feasible, there are inherent challenges and risks involved in pursuing this diversification pathway. This project directly responds to the request of F&A for support in navigating the diversification process. Central to its approach, is the delivery of decision-support tools which can facilitate informed decision-making and mitigate potential risks involved in diversifying. These tools will be vital in ensuring F&A businesses make sound and strategic decisions regarding their suitability to different seafood tourism models.

Objectives

1. Identify the range of seafood tourism business models and determine success factors for different models.
2. Document and compare the operating environment and the regulations in each jurisdiction (across production, food safety, tourism) for establishing and maintaining seafood tourism enterprises.
3. Identify the business capacity and capability needed for successful seafood businesses, inclusive of skills, assets, and networks.
4. Develop decision support tools for seafood operators to undertake a first pass assessment of the potential suitability of different tourism models.
Communities