Page 14 - NPN November22

The Australian chicken meat industry contributes $7.9 billion to the Australian economy and sustains 58,000 jobs across the country.
Materiality assessment of chicken meat industry
Ethical conduct and transparency, and transparency, labelling and marketing scored highly.
It details the findings of stakeholder and industry engagement and desktop analysis.
At the lower end of the assessment were topics such as activism and pro- test, and cybersecurity.
The Australian chicken meat industry tasked AgriFutures Australia with commissioning and managing the indus- try’s first materiality assessment.
IN 2022, the Austral- ian chicken meat indus- try tasked AgriFutures Australia and its Chicken Meat Program with com- missioning and managing the industry’s first materi- ality assessment.
ers, and to inform sustain- ability efforts across the industry.
print and provides an af- fordable, nutritional and locally grown source of protein for Australian consumers.
chain stability, alongside job creation.
The materiality assess- ment aimed to show which topics – issues, risks and opportunities – were of greatest importance to the industry and its stakehold-
The report provides the outcomes of the material- ity assessment and shows how these outcomes were determined.
The AgriFutures Chick- en Meat Program’s pur- pose is to invest in re- search, development and extension, to increase knowledge and under- standing that fosters an innovative, adaptive and valuable chicken meat in- dustry in Australia.
Ethical conduct and transparency, and trans- parency, labelling and marketing also scored highly.
Sustainability consultan- cy Point Advisory was commissioned to under- take the assessment and prepared the report.
About AgriFutures Australia
Environmental manage- ment and feedstock were particularly important topics.
GRAIN MILLING SPECIALIST
Discmill, mixer, augers, bucket elevator, jet filter, mineral hopper
GRAIN MILLING DOESN'T HAVE TO BE A LABOUR INTENSIVE JOB!
SKIOLD & Vacuum Milling Solutions specialise in the design, sales and installation of quality grain milling equipment.
We supply the latest in grain milling and augering equipment. Australian made and from around the world. We cover all of Australia and also the Pacific Islands. With 15 years' experience in the farming industry, we pride ourselves on quality equipment, installations and undertake a commitment to ensure customer satisfaction.
GRAIN MILLING AND AUGERING EQUIPMENT SPECIALISTS DESIGN, SALES AND INSTALLATION
CALL US TODAY TO HEAR WHAT WE CAN DO FOR YOU!
CONTACT:
Phone: 0755 477 588 sales@vacmillsolutions.com.au
&
SKIOLD & Vacuum Milling Solutions • Jimboomba Qld • www.vacmillsolutions.com.au
What is a materiality assessment?
Its vision is to grow the long-term prosperity of the Australian chicken meat industry.
While all topics were seen as important, these had relatively lower im- portance for the industry and its stakeholders. Interpreting the results
A robust and cred- ible process to determine what topics – issues and opportunities – are most important to a business or industry and its stake- holders.
Program objectives from the AgriFutures Chicken Meat Program RDE Plan 2019-2022 are focused on four key areas – food, the environment, the chicken and the con- sumer.
The results of the ma- teriality assessment dem- onstrate the importance of safety, security, wel- fare and wellbeing to the Australian chicken meat industry.
How is a materiality as- sessment used?
To identify priority ar- eas for action in a sustain- ability or industry-wide strategy, and to inform public-facing communi- cations, including inves- tor information.
• Improving food safety of Australian chicken meat
The fact that animal welfare and food safety were the most important topics shows that the industry prioritises the wellbeing of the chick- ens throughout their life cycle in the industry, and ensuring food is safe for Australian consumers.
Why is a materiality as- sessment important?
• Developing and imple- menting measures to im- prove the industry’s im- pact on the environment
Investors are increas- ingly interested in the sustainability strategies and actions of business- es and industries, and in seeing the material topics that inform these strate- gies.
• Improving chicken meat production through the whole supply chain
The importance of top- ics related to food secu- rity, cost of living and the stability of prices and supply chains also shows that the industry plays a crucial role in feeding Australians.
As an example, Austral- ian Stock Exchange guid- ance on environmental, social and governance disclosures requires a materiality assessment. About the industry
Also crucial to the pro- gram are the activities that enable the Australian chicken meat industry to prosper, including train- ing and capacity building opportunities that deliver value to the industry.
Maintaining this stabil- ity and security will be important for the indus- try’s own sustainability into the future.
The Australian chicken meat industry contributes $7.9 billion to the Aus- tralian economy and sus- tains 58,000 jobs across the country.
To support the contin- ued development and sustainability of the Aus- tralian chicken meat in- dustry, the AgriFutures Chicken Meat Program invests in targeted high- impact investment RDE to optimise flock perfor- mance, efficiency and in- dustry productivity.
The relatively high scores for environmental topics such as climate change mitigation, ad- aptation and resilience, feedstock and sustainable packaging are also note- worthy.
It accounts for 0.45 per- cent of Australian gross domestic product and 0.46 percent of Austral- ian employment.
Continuous improve- ment and ongoing RDE is required to enable chick- en meat to retain its posi- tion as the most afford- able and popular meat on the domestic market. Results
These scored highly for importance to both the industry and its stake- holders.
• Improving the indus- try’s ability to meet con- sumer needs.
Page 14 – National Poultry Newspaper, November 2022
This industry has a rela- tively low carbon foot-
www.poultrynews.com.au
The industry has grown consistently at 4 percent per annum over the past three decades, with Aus- tralians currently con- suming more chicken meat per annum than any other protein source.
The most material top- ics were food safety and animal welfare, followed by food security, biosecu- rity, climate change and health, safety and well- being.
Finally, transparency, labelling and marketing scored highly, reflecting a common theme from stakeholder engagement that the industry could do more to market itself as an affordable, sustain- able and healthy source of protein.
The chicken meat indus- try plays a particularly significant role in sup- porting employment and economic output in re- gional and rural commu- nities across the country.
Other highly material topics included cost of living, price pressures and stability, and supply
The report in its entirety can be read by visiting agrifutures.com. au/product/materiality- assessment-of-the- australian-chicken-meat- industry/