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our stakeholders. Being able
to provide continuity of our
cybersecurity agenda, will ensure
protection towards the Group’s
IT network, information and
communications assets. Threats
of malicious software, phishing
and email attacks are all matters
we take seriously. For this reason,
our IT policies and processes are
reviewed periodically to ensure that
adequate safeguards are in place to
prevent misuse and unauthorized
access to our systems. We
strive to always ensure that our
cybersecurity is up to the latest
industry standards through inter
alia, regular updating of operating
system and security applications.
Backup of important data and files
also form a vital part of the Group’s
operations.
Responsible Procurement
A
s we continue to find more
effective ways to do business
and respond to external
changes and disruptions, we
recognise the influential role we
can and need to play in delivering
sustainable solutions for our
customers, suppliers and the
broader community. We interact
with our suppliers in a variety of
ways including tender and bid
processes, surveys, site inspections
and events. These interactions
cover a broad range of topics such
as cost efficiencies and ways of
working as well as environmental
and social compliance.
For example, as part of the
Food
Division’s
subsidiary in Papua
New Guinea, International Food
Corporation Limited (“IFC”)
procurement practice, before
any major fish supply contract
is executed with a new supplier,
our management team would
usually conduct on-site visits to
get assurance that the supplier
can adhere to our sustainability
and compliance standards.
Sustainability and traceability
are high on IFC’s agenda when
making purchase decisions. By only
sourcing tuna from an approved
list of fishing vessels, i.e. those
registered under the ProActive
Vehicle Register, IFC is able to
ensure it is not supporting illegal
fishing or sourcing from vessels
on the Illegal, Unreported and
Unregulated (“IUU”) blacklists
supplied by the relevant tuna
management bodies. For each
catch, IFC is also able to determine
when, where and how it was
caught. Observers from National
Fisheries Authority of Papua New
Guinea (“NFA”) are on board the
vessels that catch tuna to ensure
the vessel operators are adhering
to the required standards. During
FYE2019, IFC did not incur any
IUU-related violations.
The majority of the tuna that IFC
buys is skipjack and yellowfin
which is considered to be
highly fertile and abundant.
Moreover, tuna fishery in PNG
is managed under the National
Tuna Fishery Management Plan,
which regulates among others
total allowable catches of tuna
thereby maintaining sustainable
stock levels. Moving forward, IFC
intends to source more tuna caught
without the use of fish aggregating
devices (“FAD”). A concern with
using FAD is the impact on all
other non-tuna marine life which
becomes attracted to the FAD and
IFC products
are responsibly
sourced and
traceable from
catch to can
economic
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