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Overview of Tassal - A Leading Salmon Aquaculture Business in Australia

Tassal is one of the leading and biggest salmon aquaculture businesses in Australia, which employs over 850 individuals. The stated business is a sheer integrated corporation that functions two salmon hatcheries, three dispensation amenities, two marketing outlets and marine farmhouses at seven areas all over the nation (Kijas et al., 2016). The company is manufacturing salmon principally for the Australian marketplace and has more than 2,000 channels all over Australia. Tassal is an ASX 300 listed corporation on the Australian Stock Exchange.

This report will be based on the sustainability practices of Tassal. The report will present the reputation of the corporation to the Australian and Global business scenery. It will discuss the research, analysis and discussion on the Tassal’s sustainability related strategies and issues. In addition to this, the report will also include the planning and strategies, human resource management, leadership and controlling of the value chain and technology related with the sustainability strategies of the company. At last, the report will present the future strategies management of the Tassal.

Tassal is one of the leading and biggest salmon aquaculture businesses in Australia, which employs over 850 individuals. The stated business is a sheer integrated corporation that functions two salmon hatcheries, three dispensation amenities, two marketing outlets and marine farmhouses at seven areas all over the nation (Kijas et al., 2016). The company is manufacturing salmon principally for the Australian marketplace and has more than 2,000 channels all over Australia. Tassal is an ASX 300 listed corporation on the Australian Stock Exchange. Tassal is the most momentous aquaculture corporate in Australia by marketplace share and capacity. The Tasmanian business is committed to leading a salmon farming industry with its merchandises found in the fish sellers and superstores around the nation. Tassal operates in very large scale actions and such big processes in Tasmania needs subtle marine environments that wants careful administration in order to evade unwelcome ecological secondary effects (Støttrup and McEvoy, 2003).  The World Wide Fund for Nature has operated with Tassal subsequently from 2012 and offers skilled information on its sustainability approaches and leads the company as it applied audited standards of maintainable performs. In November 2014, Tassal became the first manufacturer of cultivated Salmon in the world to attain the full Aquaculture Stewardship Council (ASC) authorization (Asche et al., 2013). It is the highest documentation as an self-governing customary for sensibly cultivated seafood in the globe. This certificate delivers assured seafood from plantations that accomplish their influences on the nearby societies and situations.

The Sustainability Practices of Tassal

Tassal is committed in delivering the citizens of Australia with sensibly obtained grown Tasmanian grownup Atlantic salmon. Sustainability has been always a significance issue for Tassal. The stated firm had been on an extensive passage which is devoted in delivering Australians with Tasmanian full-fledged Atlantic salmon that has been sensibly obtained. It is the chief salmon business to advance a full Aquaculture Stewardship Council (ASC) certification through its whole processes. ASC is measured as the topmost or the golden standard in responsible farming. The company is also committed in improving its sustainability by creating best practice environmentally responsible standards.

The management at Tassal is very pleased to achieve the ASC certification for all its operation as it is the uppermost customary certification for sensibly cultivated seafood. The certification delivers strategies for an accountable aquaculture trades to cope their commercial in an approach that reduces the undesirable influences on the atmosphere and the humanity. It also includes very strict strategies for the preservation and maintenance of the natural possessions, natural environment, local-biodiversity, protecting of health and genetic integrity of wild populations and quality product to the consumers.

Since 2011, the company has described in contradiction of the Global Reporting inventiveness outline for the sustainability rehearses, which is extensively measured as the world’s best exercise. Broadcasting on the business’s happenings has delivered it with a device to trail and monitor its sustainability enactment year on year and also outlines its assurance towards the maintainable performs in the public province (Chang, 2006). The company has been reliably satisfied and remunerated with optimistic response about the Tassal’s stages concerning the inaugural of its processes. The stated company has sustainability emphasis from corner to corner of the business. Key to this emphasis is continuing, evocative statement with all the investors (Chang, 2006). Company’s main objective is to generate important ecological and communal initiatives knowledgeable by the stakeholder contribution to upsurge sustainability. The company has well-resourced atmosphere and sustainability squad which is led by Sustainability department (Kijas et al., 2016). Sustainability is embedded in all policies and operations of the company, climate change, work-related health and protection, assortment and compensation. Tassal organization works with the local investigation communal on sustainability subject to comprehend predictable climate change impressions and to alleviate possible risks by familiarizing and implementing the maintainable processes (Chang, 2006). The company has recognized the significant character that controllers or administrations play in guaranteeing long-term ecological sustainability. It is dedicated in preserving high values of corporate supremacy in harmony with its size and processes to professionally accomplish the risk, to advance its presentation and to improve the business social accountability.   

Tassal's Commitment to Sustainable Salmon Aquaculture

Tassal receipts a very long-term opinion of sustainability. The company considers the inferences of ecological, social, and financial factors of its commercial, their clienteles, and their local societies (Lien, 2007). It has a very well-organized environment and sustainability team. The sustainability department of the company works very closely with the regulatory bodies in order to assure that the company’s happenings are completely acquiescent with the best practices of ecological administration and legal necessities (Raison, 2008). The company recognizes the significant role of the controllers play in safeguarding the long-term conservational sustainability not only for the employees for company future but also for the future of Tasmanians (Emery, Smullen and Turchini, 2014). The company is very focus towards the stated issue. It works with the resident research communal to comprehend the predictable climate alteration influences and to alleviate the possible risks by acclimatizing its processes. The operation of the Tassal is in a place of a sophisticated selective breeding program that is supporting the Salmon adaption to changes in the changes of temperature of water and also in mounting circumstances (Emery, Smullen and Turchini, 2014). Tassal is also the associate of Tasmanian Salmon Cultivators Association, the National Aquaculture Council and Tasmanian Seafood Industry Council.

The construction of the scheme of Tassal is graded and comprises strategies, manual measures and task collapse of the average functioning procedures. The quantified business takes smugness in the security and superiority of its merchandise (Haghiri and Simchi, 2012). It believes that its severe outside documentation and checking scheme maintains a very high standard and insures customer self-assurance in the merchandise. The company has a very extensive internal label review procedures that ensures that 100% of its labels act in accordance with the required ideals from the food morals code and trade dimension necessities (Hobday et al., 2011). In the current product range, the company does not have the merchandises that are dropped in drenched fat as it is known that salmon is naturally low in saturated fat (Jobling, 2002). The management of the company is also very aware and focused towards the wellbeing of its consumers and to support this, Tassal is continuing the new product development that includes products with abridged sodium. The company is intending that the Salamanca Seafood brand allows them to supply the Australian market and also provides flexibility between the local and the import supply. The main focus of the company is to continue the growing per capita consumption and to ensure that th Company provides salmon to every Australians.

Tassal's Strategic Initiatives

Becoming a part of Tassal, means becoming a part of a communal that conceits itself on transporting the planned priorities, in a stable, safe and maintainable manner (Lima, Taylor and Cook, 2015). The human resource department of the company recognizes that the company influences go outside the financial consequences and also comprises the assurance to grow and progress the interior in-house and outside learning and expansion explanations (Emery, Smullen and Turchini, 2014). The priorities and value that the company place on its employees are maintained by the systems, procedures, and policies that accompaniments various features that includes the diversity, harm focus and the code of conduct (Lima, Taylor and Cook, 2016). The company’s aim is to be valued by its best ground team. In accordance with it, the terms and conditions of the company goes beyond the basic pay structure and comprises the tractability of roster decisions and work preparations wherever possible. The company focuses on enticing, emerging and preserving the talent to ensure the mutually advantageous success.   

The company also recognizes the business benefits related with the employee variety, which as a consequence ensures the selection procedure that inspires the equal and varied occasions for all of its employees (Misund, 2016). It is also important to mention here that the company operates within an atmosphere like ‘the right individual for each location, regardless of the gender’, and this is the posture which is appreciated by all of its employees. The human resource department of the company supports its elastic working provisions that have a number of selections to modify and verbalize the terms and circumstances, which mainly governed on the position and the place (Misund, 2016). The employees of the company contribute and contribute in launching the values, such as Workplace partnership Agreements. The company as aspect is very clear and do not comprise safety as part of its shared conferences but the company believes security is a right for each and every worker.    

The management of Tassal has an amount of edges to assure that all the workers have admittance to expressive, intimate and fair approaches in order to resolve the complaints to assure a pleasant operational environment (Williams, 2006). The company’s complaint prevention and treatment policies are appropriate to all the workforces as a lowest and is also connected to a number of other policies such as Code of conduct and ethical behavior (Barnes, King and Carter, 2011). The company is required to preserve the valid workforces recompense assurance, which is a copy of current documentation of currency and will be delivered to any time of requirement.

Human Resource Management at Tassal

Tassal is recognized among the respected industry leaders. According to the national survey published by the BRW, Tassal has been recognized as the most appreciated business leader in the cultivation, forestry and fishing area in the Australia (Williams, 2006). The study was done to rank the Australia’s most appreciated businesses which were steered by global administration by a consulting company for BRW. Tassal employs more than 697 people and is the largest aquaculture corporation in Australia and is a public limited corporation, listed in ASX. The corporation has fully combined manufacture of quality Tasmanian Atlantic Salmon, aquatic plantations, handling facilities and value-added plant and a sales and advertising division for Australian and worldwide marketplaces (Emery, Smullen and Turchini, 2014).

As the operations of the company’s product line has increased, the need for source raw resources and foodstuffs from an extended variety of dealers. As part of its widespread supplier administration program, the corporation demeanors internal audits on possible dealers as part of the approval procedures. The frequency and the type of the assessment are determined according to the assessed risk outline of the dealer (Williams, 2006). This audit also includes the supplier’s surveys and bodily site inspections. The permitted suppliers have to complete a desktop review and questionaries’ that delivers statistics and information on the company’s policies which concerns about the quality and the food safety and the social responsibility and social responsibility, labor practices and also the terms and the conditions of the worker’s service.   

The management of Tassal also continuously develops and improves the collaborative supply relationships where possible preference according to the Australian packaging Covenant signatories (Emery, Smullen and Turchini, 2014). The main goal of the stated company’s supplier selection goal is to achieve the tangible commercial results, drive the mutual development and productivity without cooperating the assistance of the service and quality of the products.

Tassal is one of the Australia’s leading sustainable aquaculture businesses and continuing in producing fresh and healthy Tasmanian Atlantic salmon. The company keeps the community and environment a priority. The company is a reliable leader in quality and innovation and has assistance and backing of several sustainability partners. The company was founded in 1986 and became a public traded company in 2003 and became the partner of the World Wide Fund of Nature Australia. The company’s commitment towards its product, employees and the environment are combined with its clear sustainability plan for the future will assure the company’s movement towards their strategic vision of sustainable long-term returns.

Tassal's Future Plans

Tassal’s future attention is towards the sustainability translation for the interest and commitment of its stakeholders, which includes the customers, workers, contractors, government organizations and its associated bodies. Tassal has also future strategies regarding the several environmental and social concerns such as antibiotic usage, noise from farms, and wildlife interactions. The company is also committed towards the several Tassal processes and hatches the fish which are defined as rural or regional. The management must continue the risk mitigate so that it could provide assistances to the employees or to the people, the company is responsible to in tough times. In future, Tassal must continue its commitment in transparency towards its operations and it must all the important issues to WWF and other international agencies. The company needs to stay in its commitment towards the growth of Tassal, the Tasmanian salmon industry and the Tasmanian communities.

Conclusion

It has been found in the study that Tassal receipts a very long-term opinion of sustainability. The company reflects the insinuations of environmental, social, and economic issues of its business, their consumers, and their local societies. It has a very well-organized environment and sustainability team. The sustainability department of the company works very closely with the regulatory figures in order to promise that the corporation’s activities are completely compliant with the best practices of environmental administration and legal necessities. The management of Tassal has a quantity of ingenuities to guarantee that all the workforces have admittance to meaningful, intimate and fair approaches in order to decide the complaints to promise a enjoyable working environment. The company’s grievance anticipation and supervision policies are applicable to all the workers as a minimum and is also associated to a amount of other procedures such as code of behavior.

References

Asche, F. and Bjorndal, T. (2013). The economics of salmon aquaculture. 1st ed. Hoboken, N.J.: Wiley.

Asche, F., Roll, K., Sandvold, H., Sørvig, A. and Zhang, D. (2013). Salmon Aquaculture: Larger Companies And Increased Production. Aquaculture Economics & Management, 17(3), pp.322-339.

Barnes, R., King, H. and Carter, C. (2011). Atlantic salmon subprogram. 1st ed. [Launceston]: University of Tasmania. 

Chang, B. (2006). Water circulation and management of infectious salmon anemia in the salmon aquaculture industry of eastern Grand Manan Island, Bay of Fundy. 1st ed. St. Andrews, N.B.: Biological Station, Fisheries and Oceans Canada.

Emery, J., Smullen, R. and Turchini, G. (2014). Tallow in Atlantic salmon feed. Aquaculture, 422-423, pp.98-108.

Haghiri, M. and Simchi, A. (2012). Consumer Attitudes Toward Mandatory Traceability and Labeling Systems for Farmed Atlantic Salmon. Journal of International Food & Agribusiness Marketing, 24(2), pp.121-136. 

Hobday, A., Lyne, V., Thresher, R., Spillman, C. and Norman-Lopez, A. (2011). Atlantic Salmon Aquaculture Subprogram. 1st ed. [Hobart, Tas.]: Fisheries Research and Development Corporation and CSIRO Marine and Atmospheric Research. 

Jobling, M. (2002). Handbook of Salmon Farming. Aquaculture, 214(1-4), pp.420-422.

Kijas, J., Elliot, N., Kube, P., Evans, B., Botwright, N., King, H., Primmer, C. and Verbyla, K. (2016). Diversity and linkage disequilibrium in farmed Tasmanian Atlantic salmon. Animal Genetics, 48(2), pp.237-241. 

Lien, M. (2007). Feeding fish efficiently. Mobilising knowledge in Tasmanian salmon farming*. Social Anthropology, 15(2), pp.169-185. 

Lima, P., Taylor, R. and Cook, M. (2015). Involvement of contractile vacuoles in the osmoregulation process of the marine parasitic amoebaNeoparamoeba perurans. Journal of Fish Diseases, 39(5), pp.629-633.

Lima, P., Taylor, R. and Cook, M. (2016). Pseudocyst formation in the marine parasitic amoeba Neoparamoeba perurans: a short-term survival strategy to abrupt salinity variation. Journal of Fish Diseases.

Misund, B. (2016). Valuation of salmon farming companies. Aquaculture Economics & Management, pp.1-18.

Raison, R. (2008). Atlantic Salmon Aquaculture Subprogram. 1st ed. Sydney, NSW: University of Technology. 

Støttrup, J. and McEvoy, L. (2003). Live feeds in marine aquaculture. 1st ed. Oxford, UK: Blackwell Science.

Williams, R. (2006). Return to the river. 1st ed. Amsterdam: Elsevier Academic Press.

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