LATEST ARTICLE Sustainability simplified: Carbon footprinting for beginners Read Article

Sealord invests $10 million in transformative carbon offset programme

Sealord, a large seafood company in the Southern Hemisphere, in partnership with Te Arawa Fisheries and New Zealand Carbon Farming, is taking a pioneering step towards carbon neutrality. The company has committed to investing $10 million over the next decade in a carbon offset initiative named Ara Rākau. This programme will focus on underutilised Te Arawa whenua in the Rotorua region, converting it into permanent forests.

Sealord Invests $10M in Carbon Offset Program_View over geothermal area, Rotorua region, New Zealand_visual 1View over a geothermal area, Rotorua region, New Zealand.

The primary objectives of Ara Rākau are multifaceted. Firstly, it will offset Sealord's carbon emissions, aligning with its sustainability goals. Sealord has already substantially reduced emissions through various means, including investing in new vessels and optimising fuel consumption. However, with most of its emissions originating from vessel fuel, achieving science-based carbon emission targets necessitates innovative solutions.

Read more: Record-breaking leap: 87% surge in global corporations adopting science-based targets

This initiative will also maximise the potential of marginal lands, ushering in a wealth of economic, social, and environmental benefits. As poor-quality land is transformed into lush forests, it represents a $16 billion economic opportunity for Māori and offers transformative outcomes for Indigenous communities and the environment. It underscores the potency of the Emissions Trading Schemes (ETS) as a driver of positive change.

Furthermore, Ara Rākau showcases the synergy between traditional Māori principles and sustainable climate action. By adhering to te ao Māori values, this partnership seeks to create a win-win scenario. Sealord will reduce its carbon footprint, the hapu will experience improved financial returns and employment opportunities, and water quality in Te Arawa lakes will see tangible improvements.

New Zealand Carbon Farming will oversee the physical planting and forestry management, emphasising biodiversity and carbon sequestration. They will work closely with Te Arawa Fisheries to establish a well-managed transition forest that benefits the environment and future generations. The project also embraces Mātauranga Māori knowledge to ensure best practices are followed.

Read more: The 10 largest forests in the world and what makes them unique

This collaborative effort between environmentally-conscious businesses, Iwi, and landowners highlights the potential for positive outcomes for both local communities and the planet. It sets an example of how climate-focused initiatives can drive sustainability, job creation, and environmental restoration.

Sealord is committed to mitigating climate impacts and achieving a greener future through carbon offsetting. With limited emissions reduction options in current operations, this $10 million investment in Ara Rākau is pivotal. It will fulfil carbon commitments while monitoring engine technology and alternative fuels for sustainability. This investment positions Sealord to reduce its environmental impact effectively, signifying a transformative journey toward sustainability, carbon neutrality, and environmental stewardship through partnerships with indigenous communities and environmental organisations

DGB Group enables organisations to effectively offset their carbon emissions by leveraging top-tier carbon and biodiversity credits. Through implementing nature-based solutions like reforestation, afforestation, and energy-efficient cookstove projects, companies can achieve significant carbon reductions while simultaneously promoting the wellbeing of nature and local communities. This collaborative effort paves the way for a sustainable future, harmoniously balancing environmental and social benefits.

Explore carbon-offsetting opportunities with DGB

Before you go...

As DGB Group, our sole purpose is to rebuild trust and serve the public by making the right information available to everyone. By subscribing to our mailing newsletter, you can get the latest tips and trends from DGB Group's expert team in your inbox. Sign up now and never miss the insights.

Read other news

The Science Based Targets initiative (SBTi) has made a pivotal announcement: the inclusion of Scope ..

Germany has initiated the integration of the European Union's Corporate Sustainability Reporting Dir..

Singapore is gearing up to host the impactful Ecosperity 2024 Conference this April, aimed at foster..

BURN Manufacturing, a Kenyan producer and distributor of clean cookstoves, has successfully raised o..

Let’s get to know you

Let's talk about how we can create value together for your sustainability journey.