Terrasan Group Limited’s (hereafter referred to as Terrasan or the Group) sustainability report provides a review of the Group’s performance and prospects in relation to environmental, social and governance (ESG) issues that have a material impact on the long-term success of the business. Our ESG Report unveils our commitment to environmental, social, and governance practices in the pelagic fishing industry. Discover our initiatives, progress, and transparent accountability as we strive to create a positive impact, harmonizing responsible practices with the preservation of our oceanic ecosystem. 

The commitment of Terrasan towards sustainability will primarily be highlighted for:

• Government officials.

• Socially responsible investment analysts and investors.

• Sustainability professionals.

It may also provide potential interest to:

• Existing and prospective stakeholders.

ESG management is directed by the Group's Environmental and Social Management System (ESMS). It is reviewed annually by qualified decision-makers across employment and supplemented if required. Risks are managed within a unitary framework that is aligned with our corporate governance responsibilities. 

Unless otherwise stated, this report cover:

Business Operations: Subsidiaries in the fishing industry in South Africa. 

Reporting period: 01 January 2023 to 30 May 2023.

Terrasan is guided by the principles and good practices set out in the following international standards and guidelines:

• International Finance Corporation (IFC) Performance Standards (2012);

• International Labour Organization (ILO) Core Conventions and Basic Terms and Conditions of Work;

• World Bank General Environmental Health and Safety (EHS) Guidelines (2007); and applicable World Bank industry sector EHS Guidelines (2007);

• United Nations Guiding Principles on Business and Human Rights;

• Certification requirements for key sustainability certification organisations and business membership organisations;

• UN Sustainable Development Goals (2015).

• Aqunion: The broad-based black economic empowerment (B-BBEE) scorecard information was verified independently by ??

• Saldanha: The broad-based black economic empowerment (B-BBEE) scorecard information was verified independently by MSCT BEE Services.

• Aqunion: ?

• Saldanha: The risk, health and safety and environmental compliance were audited by Periculum Consult and Safe Work Practice.

•  Information reported, other than that mentioned above, is derived from the Group’s own internal records and from information available in the public domain.