OUR SUSTAINABLE CHAIN OF CARE

Sustainabilitymark

We believe sustainability shouldn't be a special term, but an integral part of how we operate, how we work, and how we live our lives.

We believe Silver Fern Farms can create positive change for our environment, our people, our communities and the economic success of New Zealand.

100% Made of New Zealand.

OUR MATERIAL SUSTAINABILITY ISSUES
social
environmental
financial
sustainable future
for farmers
sustainable future sustainable future
  • 2020 goal

    Partnering with farmers to be successful for generations to come – where they see our success as an extension of their own.

  • our initiatives

    We strive to provide market leading service, competitive livestock payments and market-linked, value-added supply programmes.

  • our target

    Increase supplier loyalty through a competitive and valued service offering.

  • our progress

    1,153 farmers involved in market-linked value added supply programmes, a 29% increase in number of farmers involved.

    Over 1.2m stock units through value added supply programmes, a 13% increase on 2016 levels.

    $4.99m in programme premium payments, a 58.1% increase on 2016 payments.

United Nations
Sustainable Development Goals
social
environmental
financial
Food safety
and quality
Food safety Food safety
  • 2020 goal

    Be recognised as a leading global producer of safe, high quality grass-fed red meat with integrity from farmer to consumer.

  • our initiatives

    We have highly effective systems, processes and equipment to ensure food safety which are independently verified and certified.

  • our target

    Maintain our 100% record for food safety.

  • our progress

    We maintained our 100% record for food safety in 2017 with zero food safety recalls.

united nations
sustainable development goal
social
environmental
financial
operational
efficiency
operational operational
  • our progress

    We achieved a 7.4% reduction in water/kg product on 2016 levels.

    Achieved a 3.9% reduction in energy use/kg product on 2016 levels.

    While all of our sites have a range of waste reduction and recycling initiatives, we are currently working on implementing a system to accurately calculate this target and will report on this metric in 2018.

  • 2020 goal

    Be a leading red meat processor in operational efficiency – using energy, water and resources efficiently and minimising waste.

  • our initiatives

    All sites have water use, energy use and waste reduction targets.

  • our target

    10% reduction in water, energy use and waste to landfill per Kg of product produced.

united nations
sustainable development goal
social
environmental
financial
engaged people,
sustaining communities
engaged people, engaged people,
  • 2020 goal

    Attract, develop, and retain passionate people who live our values.

    Keep our people safe, healthy and well using our Ora philosophy.

    Develop initiatives that help strengthen the communities we live in.

  • our initiatives

    We have developed a new People Strategy.

    Our Ora Health & Safety Programme has been reviewed.

    We have developed a targeted regional sponsorship programme.

  • our target

    Trending improvement in engagement.

    Annual reduction in injury rates.

    Targeted regional sponsorship programme that we report on.

  • our progress

    Our 2017 Staff survey shows staff engagement has lifted by 10.6%.

    We achieved a targeted .5 annual reduction in our TRIF rate from 7.5 in 2016. At year-end we had a TRIF of 6.7%, representing an 11.8% reduction in injuries.

    We invested $249,285.28 in 301 regional and 106 national community sponsorship initiatives in 2017.

united nations
Sustainable Development Goals
social
environmental
financial
wastewater
management
wastewater wastewater
  • 2020 goal

    Treat our wastewater effectively – going beyond compliance with respect for the environment.

  • our initiatives

    All plants have wastewater quality improvement and reduction targets supported by operational plans.

  • our target

    10% reduction in wastewater per kg of product produced.

  • our progress

    We achieved a 1.76% reduction in wastewater per kg of product produced compared to 2016.

    During 2017, across Silver Fern Farms’ operations there were no environmental incidents that caused adverse environmental effects on the receiving environment, or those that resulted in regulatory enforcement.

United Nations
Sustainable Development Goals
social
environmental
financial
Animal treatment
and welfare
Animal treatment Animal treatment
  • 2020 goal

    Demonstrate respect and care for the animal with best practice throughout the supply chain.

  • our initiatives

    We agreed to the NZ National Farm Assurance Standards (NZFAP). These replace our company Farm Assurance programme. By 2020 all farmer suppliers will be accredited under the NZFAP.

  • our target

    100% of livestock in market-linked programmes sourced from farmers accredited to National Farm Assurance Standards.

  • our progress

    We became a signatory to the New Zealand National Farm Assurance Programme.

    98.8% of our farmers supplying market-linked programmes voluntarily became Farm Assurance accredited, up 3.9% on 2016.

United Nations
Sustainable Development Goals
social
environmental
financial
market
access
market market
  • 2020 Goal

    Position our plants to access key markets through industry leadership – working with our peers, industry bodies, governments and other partners.

  • our initiatives

    We are developing a Market Access Plan to extend high-level relations with government and key market regulators to ensure our market access objectives are achieved efficiently and effectively.

  • our target

    To be viewed as a trusted partner by Government and industry bodies through involvement in brokering trade agreements and involvement in trade visits.

  • Our Progress

    In 2018 we are introducing a stakeholder survey to assess an external view of our contribution and performance.

united nations
sustainable development goal
social
environmental
financial
Financial
Performance
Financial Financial
  • 2020 goal

    Achieve a sustainable return on capital employed to provide for reinvestment and the payment of dividends to shareholders.

  • our initiatives

    Silver Fern Farms has developed a strategy to deliver on our purpose which is to profitably and sustainably add value to New Zealand’s natural grass-fed red meat.

  • our target

    Four years of profits and dividends.

  • our progress

    Silver Fern Farms Limited for the 12 month period ended 31 December 2017:

    Net profit after tax of $15.4m
    $12m dividend to shareholders
    Return on capital of 3.8%

united nations
sustainable development goal