Traditionally, reef projects around Australia have been funded by public money through government agencies, in particular regional development, research or fisheries grants. More recently in WA, new reefs such as Exmouth’s King Reef, have been brought to life through funding partnerships between government, not for profit & other private/industry sectors. Creating new pathways & processes to unlock & utilise alternative materials to create habitat enhancement structures is critical in ensuring the benefits artificial reefs create for our oceans & communities are maximised. Integrating appropriate recycled materials into reef developments provides opportunities from a scalability & financially sustainable perspective for all sectors of the Australian seafood industry, paving the way for more reefs to be deployed for social, economic and environmental benefit.

Playing a leading role in artificial reef development, Recfishwest often receives offers of materials for new reef projects. Examples include concrete in the form of railway sleepers, roadway culverts & bridge beams or steel in the form of storage tanks, structural frameworks & pipelines. Understanding what structures are suitable & acceptable for repurposing into reefs needs to be determined before these opportunities (current & future) are lost. This will unlock new reef options with alternative partners & funders to build more productive marine habitats for the benefit of local communities & the environment. This project is an extension to the previously FRDC funded habitat enhancement project: https://www.frdc.com.au/Archived-Reports/FRDC%20Projects/2014-005-DLD.pdf

Current Commonwealth & State legislation & policies limit the exploration of new reefing opportunities and there is a need to support change within these regulatory agencies.

We regularly consult with stakeholders who also have a need to understand the outcomes of this project including: DPIRD, NERA, WAFIC, NOPSEMA, DAWE, other Regulators, Resources Sector (including operators), Research agencies and the WA fishing community as end users. NERA and DAWE have also provided Letters of Support for this project as critical project partners to help achieve the outcomes and desired benefits.

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).