Introduction

As a responsible business, Young’s Seafood Ltd. views the protection of forest resources as a key priority for responsible sourcing for both the environment and society. Not only are the world’s forests an important resource for climate change resilience (Deforestation accounts for up to 15% of global greenhouse gas emissions) and an enormous bank of natural capacity and diversity, but in some regions, they are also banks for our cultural capital in the form of native and indigenous peoples. Forests globally sustain the livelihoods of 1.6 billion people who depend on them for food, medicines and fuel. They are the lungs of our planet and play a critical role in climate regulation.

Within its supply base, Young’s Seafood Ltd. has long adopted the approach of ‘Reject the worst, select the best and improve the rest.’ This approach allows us to work proactively with our supply chain to maintain relationships and drive comprehensive improvement rather than simply walking away.

Scope

This document sets out our requirements for the sourcing of all terrestrial ingredients used in the manufacture of Young’s Brand, Food Service and all customer Own Label products.

Young’s Seafood Ltd. procures a number of food and non-food commodities that are manufactured from wood, or wood products such as paper or card. These are necessary for the daily functioning of our business, for the manufacture, storage and distribution of food products to the consumer. These products include (non-exhaustive list):

List One – Wood, Paper and Card Products

• Paper products
• Cardboard food packaging for work-in-progress/intermediate uses
• Cardboard food packaging for consumer products
• Wooden pallet bases
• Wood chips/sawdust used for the manufacture of smoked fish

We also buy farmed animal products which have been fed on a diet that may contain protein and oils derived from crops that may have been grown on land converted from natural forests, and prawns from farms in mangrove regions. Recognising that on some aquaculture operations, palm and soya plantations can be associated with the removal of native forest, in addition to List One products (above), this policy also includes:

List Two – Non-wood products associated with deforestation

• Vegetable and seed oils used as food ingredients
• Vegetable and seed oils used as part of the food manufacturing process (e.g. frying oil)
• Farmed prawns, where the farms are cited in mangrove regions
• Farmed fish and animals that have been fed on ingredients that could contribute to deforestation (such as palm oil and soya)

With respect to the procurement of goods and materials that may directly or indirectly contribute to deforestation, Young’s makes the following commitment:

Young’s Seafood Ltd. are committed to eliminating net deforestation in our supply chain. We are committed to Zero net deforestation and zero conversion, including no deforestation at all for high carbon stock or high conservation value land, no planting on peat regardless of depth, and respect for rights of local and indigenous people in line with our own Ethical Procurement Requirements and Modern-Day Slavery Statement.

How we’re getting on so far

• In 2021 we have committed to joining and supporting both the Palm Oil and Soy Transparency Coalitions.
• All carton board used to produce Young’s cardboard product packaging is either FSC or PEFC certified.
• We’ve achieved 100 percent responsible palm oil (RSPO) as of 2017.
• We have taken steps to work with suppliers who can trace all our RSPO SG certified palm oil (Approx. 98% as of 2017) back up to the plantation.
• We have actively chosen suppliers on the basis of small holder commitments including those which support WISSH (Wilmar Smallholders Support Honduras) and WISSCo2 (Wilmar Smallholders Support Colombia) programs. These programs aim to enhance smallholder’s knowledge and technical capacity on best agricultural management practices, as well as conservation practices. Eventually, the programs seek to empower smallholder farmers and improve their quality of life.
• We are a member of the Roundtable on Sustainable Palm Oil, a multi-stakeholder group that promotes sustainable practices
• Whilst we buy very little soy directly (<1%) we are mapping our soy footprint through our procurement of farmed fish, meat, eggs and dairy which may have been fed on soy in order to develop and deliver a responsible soy strategy in line with that on palm. • Our warm water Prawn procurement policy is to specify no mangrove deforestation and support replanting programmes.

Recognised 3rd party certification

We recognise the important work that certification plays in promoting sustainable supply chains. To ensure audited and verifiable material is entering our supply chains, we advocate the use of the following.
Currently for Soy, we recognise the following standards as having a clear requirement on zero deforestation and conversion of high value native vegetation, including no legal deforestation and conversion.

• Bunge Pro-S
• Cargill Triple S
• Certified Responsible Soya
• ISCC EU/PLUS
• ProTerra
• Round Table on Responsible Soy

Our RSPO Certified Sustainable Palm Oil Usage Policy, for retail products manufactured by Young’s Seafood Limited requires all of our palm oil whether purchased as a primary ingredient (such as frying oil), or as part of a compound ingredient (such as an ingredient of a batter-mix or breadcrumb, as used in the manufacture of value-added seafood products) to be RSPO certified and traceable back to supplier.

In timber-based products we recognise the important role the Forestry Stewardship Council (FSC) and Programme for the Endorsement of Forest Certification (PEFC) play in the environmentally appropriate, socially beneficial, and economically viable management of the world’s forests. As such where applicable we look to work with those suppliers that can provide either PEFC or FSC certified material into our operations.

Moving Forward

• We will promote supplier transition towards soymeal from certified supply chains and ‘verifiable zero deforestation sourcing areas.’.
• We will continue to Monitor our progress and evaluate the deforestation risk of other raw materials to ensure we remain focused on the materials and regions most urgently requiring action.
• We’re looking to partner with industry, governments, non- governmental organizations and academia on broader efforts to protect forests and ensure mutual benefits for the workers and communities that rely on them for their livelihoods.
• We will move to suspend or eliminate purchases from a supplier if an audit or other credible source reveals or confirms that the supplier is seriously violating Young’s Seafood Ltd. requirements, if that supplier does not acknowledge and immediately move to acceptably remediate the concern.
• Through the Palm Oil and Soy Transparency Collations we will leverage the increased transparency in traders to build a more data driven approach procurement strategy and subsequent supplier engagement.

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