Moana New Zealand, the largest Māori–owned fisheries company in Aotearoa (New Zealand), has long been a steward of some of the world’s most pristine and sustainably managed fisheries. Committed to the responsible and respectful harvesting of kaimoana (seafood), Moana New Zealand embodies a deep sense of duty toward the taonga (treasures) they are entrusted with. Their approach is guided by their values—specifically through kaitiakitanga—ensuring the rich bounty of New Zealand’s coastal waters remains abundant for future generations.
As part of their sustainability journey, Moana New Zealand sought to align their operations with the best practices in science-based target setting. Recognising the importance of transparency and accountability in sustainability reporting, they partnered with Environmental Accounting Services (EAS) to develop science-based emissions reduction targets.
The Challenge: Setting Science-Based Targets for Emissions Reduction
Moana New Zealand’s goal was to set ambitious yet achievable emissions reduction targets that align with the Paris Agreement. This involved:
- Reviewing the Moana New Zealand’s website: Focusing on transparency and sustainability reporting to enhance public perception and confidence.
- Assessing emissions intensity calculations: Ensuring accurate measurement and reporting of the current emissions.
- Establishing science-based emissions reduction targets: For scope 1, 2, and 3 emissions, taking into account the company’s expected growth and operational changes.
EAS’s Role: Guiding Moana New Zealand Towards Sustainable Growth
Environmental Accounting Services played a pivotal role in this journey by providing expertise in science-based target setting. Working as their technical partner to support Moana New Zealand to navigate the standards, EAS supported Moana New Zealand in:
- Advice on Setting Science-Based Targets: EAS guided Moana New Zealand in choosing an appropriate approach for setting science-based targets for scope 1 and 2 emissions. The goal was to reduce emissions significantly by 2030, in line with the Paris Agreement. EAS reviewed Moana New Zealand’s strategy to ensure it was both ambitious and achievable, drawing on industry best practices outlined in the 2022 guide, “Setting Science-Based Targets in the Seafood Sector: Best Practices to Date.”
- Scenario Analysis and Emissions Reduction Strategies: EAS reviewed various emissions reduction scenarios developed by Moana New Zealand. These scenarios explored different pathways to meet the 2030 target, including potential improvements in operational efficiency and the adoption of new technologies. EAS provided recommendations to optimise these strategies, ensuring they were robust and adaptable to the company’s growth trajectory.
- Consideration of Growth in Emissions Targets: With Moana New Zealand anticipating increased production, EAS helped the company set targets that accounted for growth in scope 1, 2, and 3 emissions. This involved reviewing international best practices and ensuring that the Science Based Targets initiative (SBTi) methodologies were appropriately applied, even in a high-growth context.
The Outcome: A Clear Path to Sustainability
The collaboration between Moana New Zealand and EAS has set the stage for significant environmental stewardship in the fisheries sector. Moana New Zealand now has science-based targets for scope 1, 2, and 3 emissions, with 2030 as the target year for major reductions. This includes considerations for future production increases and the necessary adjustments in strategy by 2028.
This information was provided to Moana New Zealand in a clear and concise report so as to support communication with their leadership.
The next steps involve implementing and continuously refining these strategies to meet the set targets. Transparency about progress and future plans will be crucial in maintaining stakeholder trust and engagement.
Addressing Scope 3 Emissions: A Comprehensive Approach
While achieving reductions in direct (scope 1 and 2) emissions is a significant step, addressing scope 3 emissions—those indirect emissions that occur in a company’s value chain—is equally important. EAS identified key areas where Moana New Zealand can make meaningful reductions, covering over 67% of the overall scope 3 emissions. This comprehensive approach not only enhances Moana New Zealand’s sustainability credentials but also sets a precedent for the broader fisheries industry.
Demonstrating Leadership in Sustainable Fisheries Management
Moana New Zealand’s commitment to setting and achieving science-based targets demonstrates their leadership in sustainable fisheries management. By working with Environmental Accounting Services, they are paving the way for a more sustainable and transparent industry. This partnership not only strengthens Moana New Zealand’s reputation but also serves as a model for other companies in the sector.
As Moana New Zealand continues to implement their emissions reduction strategies, they are positioned to lead by example, inspiring others to prioritise environmental sustainability in their operations.
For more information on Moana New Zealand’s sustainability initiatives or to download related materials, please visit their website.
Cover Photo by Sian Nelson on Unsplash