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).

The project will review and synthesise available global data on the potential effects and implications that plastic is causing in seafood species in the context of the impacts they generate to fishing and aquaculture sectors. Concurrently, using published literature on sources of marine pollution, the abundance of plastic entering aquatic systems from seafood related sources will be quantified, with particular focus to the Australian context. Ultimately, this will give the fisheries sector, particularly in an Australian setting, the knowledge to evaluate where appropriate mitigation strategies are necessary and reduce the presence and impacts of microplastics in seafood.

This project aligns with FRDC R&D Plan Outcome 1: Growth and Enduring prosperity; In particular, it targets the priorities of:
- Improving the understanding of the cause and extent of impacts to aquatic systems and what is needed to improve them
- Promote a circular economy to remove waste from the processing system, keep products and materials in use and promote the repair of natural systems

Providing information on how marine pollution may affect the seafood industry and seafood species fished will guide the urgency of future research and allow management and mitigation strategies that support the seafood sector to be developed. Ultimately, quantifying the amount of plastic contributed by the seafood sector to marine plastics will allow us to advance with solutions and uncover where plastic alternatives are most needed.