Moana New Zealand

2024 Annual Report

Onamata whakamihia

— Acknowledge the legacy of the past

Anamata whakaterea

— Let the future flow

Inamata awhi kau iho

— And embrace the present

Welcome to our Integrated Annual Report

It has been a pivotal year at Moana New Zealand as we acknowledge and reflect on the 20 years since the formation of our business. As we honour those who have paved the path for Moana New Zealand, we reflect on the perseverance and mahi of all those who have and continue to contribute today to secure the future for Māori in commercial fisheries.

This year’s karakia is a gift from a small part of the taonga tuku iho of Mātia Tarahina of Ngāti Moko, Tapuika and Ngāti Whakaue of the Arawa Confederation of Tribes.

The true expression of this karakia requires great humility so we humbly acknowledge who we are and what we have is due in no small measure to those who forged pathways for us, and we accept that our influence on the future may be profound, but also has limits.

We also acknowledge the artistry of Karere Te Kiwi A Pare Huhu, also known as Karere Brown. He finds inspiration in the traditional Māori art forms that have been shaped for generations. His design beautifully conveys and honours the whakataukī through the diverse and captivating environments found within the realm of Tangaroa.

The pūhoro pattern throughout the design symbolises the ocean's unforgiving waves and tides. At the centre, the mangopare formation traditionally associated with the hammerhead shark embodies the perseverance and strength of both the shark and the iwi dedicated to protecting our oceans and nurturing their Tamariki. This commitment spans the past 20 years and extends into future generations.

We continue to be inspired to appreciate and enjoy what is in front of us in the current moment and that it is a recognition, and an expression of gratitude, for our forebears; it is a revelation of hope and optimism for future generations; and a celebration of the present.

We continue to honour Iwi by publishing the report in both English and Te Reo Māori.


Moana New Zealand honoured with Kaitiaki Award at Ngā Tohu Kaiārahi Pakihi Māori o Aotearoa

We were incredibly excited and humbled by the news Moana New Zealand is the recipient of the 2024 Kaitiaki Business Leader Award from the University of Auckland Business School.

The award is for an organisation that upholds Māori values that promotes and achieves environmentally sustainable outcomes.

The Kaitiaki Business Award is one of only six that are awarded by The Auckland University Business School.

Chair of the Board Rachel Taulelei said, “We’re incredibly proud of this recognition from the University of Auckland Business School and to be recognised for outstanding Māori excellence in the seafood industry—it’s truly special and I’m so proud of the Moana New Zealand team who actively contribute and improve the wellbeing of not just the moana, but the people and te ao.”

“As we acknowledge Moana New Zealand’s 20 years as a 100% Iwi-owned business in the fisheries sector, I also want to thank our Iwi owners for their steadfast guidance and support over the decades. The award is not only proof that Māori can lead in this sector through our values and mātauranga, but it also gives us an opportunity to shed some light on climate headwinds our industry faces and the important work our team has been doing to meet those challenges."

“Social sustainability is a key element to Moana’s success. The focus is on integrating corporate social and environmental responsibility into all business objectives.”

Thank you for taking the time to understand Moana New Zealand, our people and what we strive to achieve on behalf of, and for, our Iwi owners.

jump to financial statements Visit Last year’s report

Who we are

— true provenance
hāngai ki te ūkaipō

We fish and harvest solely from the coastal waters of New Zealand, Aotearoa. One of the world’s most pristine and sustainably managed fisheries. Connecting you to the taste of a true and pure place.

— true to nature
takenga tūturu

Bringing you New Zealand’s most sought after species of pāua kahurangi, pāua tūwā, ika, kōura and tio. Seafood as good as it can be, brought to market with a lightness of touch that preserves and protects its pure taste and rare magic. Like you were there and caught it yourself.

— true for generations
mō ngā uri whakatipu

We have a deep sense of responsibility and respect for our kaimoana, honouring the taonga we have been entrusted with. Taking a long term view in everything we do, we work in harmony with nature to ensure the sustainability of our fisheries for future generations.

How we create value

Our purpose

As guardians of Māori fishing assets we are dedicated to contributing to the well-being of future generations.

Our vision

We connect the world to the true taste and rare magic of New Zealand’s best kaimoana and kai ora.

This image depicts our Moana brand story, launched in 2016

This image depicts our Moana brand story, launched in 2016

Our tikanga
— everything we do is underpinned by our values

Whakatipuranga
— Financial, manufactured

Whakatipuranga
INPUTS

An enduring balanced portfolio positioned for growth that is underpinned by visionary and innovative leadership, that delivers long-term sustainable well-being for future generations. Investments we make have a long-term view.

OUTPUTS
  • Annual dividend
  • Maximum utilisation of assets
  • Continuous improvement culture
  • Investment in infrastructure to enable growth

Whakapapa
— Intellectual, social and relationship

Whakapapa
INPUTS

Collaborative approach to maintaining and developing an ingrained understanding of who we are, the needs and aspirations of our people, our shareholders and stakeholders. The investment in our people, technology and innovation to honour the settlement of fisheries assets on behalf of Iwi.

OUTPUTS
  • Revitalisation of Te Reo Māori with our people
  • Providing bespoke business models and opportunities for shareholders
  • Strong partnerships within shareholders and industry

Manaakitanga
— Human, social and relationship

Manaakitanga
INPUTS

The care we have for our people and the creation and nurturing of meaningful relationships and partnerships to enable an enduring industry.

OUTPUTS
  • Keeping our people safe – zero harm culture
  • Hikoi ki te Ora – well-being programme
  • Training and development programme
  • Free health insurance for all permanent employees
  • Scholarships and development opportunities for rangatahi

Kaitiakitanga
— Natural

Kaitiakitanga
INPUTS

Being responsible and active custodians of the taonga that has been entrusted to us to manage and protect on behalf of our Iwi shareholders.

OUTPUTS
  • Collaborative fisheries management
  • Environmental improvements from innovative farming and harvesting practices
  • Development of decarbonisation roadmap

Outcome

Long term value creation for our shareholders and stakeholders, including the communities we operate in.