If we reduce emissions, manage waste responsibily, protect biodiversity, and promote conscious consumption,
then natural systems around our operations will recover and thrive,
so that our pearling activites sustain the ecosystems that sustain us, supporting long-term environmental resillience and climate stability.

If we strengthen health, education, livelihoods and community partnerships
then people in remote regions will have greater access to opportunity, well-being, and shared prosperity,
so that communities grow more resilient, equitable, and empowered along-side the company’s success.

If we uphold strong governance, fair labour practices, saftey standards, and responsible sourcing,
then our operation will reflect integrity, respect and accountability at every level,
so that Atlas Pearls is recognised as a trusted and ethical business that drive positive impact across its supply chain and workforce.

Managing emissions is important to the long-term health of the marine environments on which our farms depend.

Ocean warming and acidification present risks to marine ecosystems, oyster health, and farm productivity, making climate performance a practical operational priority as well as an environmental responsibility. 

During the year, we continued to measure Scope 1 and Scope 2 emissions across our operating locations and track emissions intensity against production. This approach helps us account for the natural seasonality of pearl cultivation while building a stronger evidence base for potential future reduction initiatives.

MEASURE: Average Scope 1 and Scope 2 emissions intensity over the reporting period. 

FY26 RESULT:
6.42 kg CO2-e per pearl harvested 
2.04 kg CO2-e per oyster / shell stock 

PRIOR PERIOD COMPARISON:
7.95 kg/pearl 
2.29kg/oyster

Responsible waste management remains a priority across our remote operating locations, where waste infrastructure can be limited and logistics are complex. Reducing waste, increasing reuse, and improving recycling practices helps protect the marine environments around our farms and supports more efficient use of materials. 

During FY26, we continued to strengthen waste management practices across our operations through improved segregation, more consistent data collection, and the introduction of standardised reporting processes. These improvements provide a stronger foundation for measuring performance and identifying opportunities to increase waste diversion over time. This work supports our Waste Management and Conscious Consumption pathways under the Environmental Stewardship pillar. 

MEASURE: Gender pay ratio for male and female staff, measured on mean and median bases. 

FY26 RESULT:
37% of waste diverted from landfill (Full year result)

PRIOR PERIOD COMPARISON:
59% (6 month result) 

Atlas Pearls is committed to fair, inclusive, and merit-based employment practices. Workforce equity supports our ability to attract, retain, and develop people across our operations, while helping create a culture where employees can contribute and progress. 

During FY26, we continued to monitor gender representation and gender pay outcomes across our workforce. Our approach is focused on ensuring remuneration is aligned to role, responsibility, and performance, and on supporting long-term pathways for participation and advancement. 

MEASURE: Atlas Pearls funded healthcare interactions during the reporting period. 

FY26 RESULT:
Mean gender pay ratio: -29% 
Median gender pay ratio: -7 % 
Women represented 32% of the workforce

PRIOR PERIOD COMPARISON:
-33% mean 
-8% median 
Women represented 34% of the workforce 

The wellbeing of our employees and neighbouring communities is fundamental to shared success. Many of our sites are located in remote regions where access to healthcare can be limited, and where some health topics, including women’s health, may be under-addressed. 

In FY26, Atlas Pearls continued to support healthcare access, health education, prevention initiatives, and partnerships with specialist organisations. This work aligns with our Health & Wellbeing pathway and reflects our commitment to practical, community-informed programs that address local needs. 

MEASURE: Atlas Pearls funded healthcare interactions during the reporting period. 

FY26 RESULT:
6,424 healthcare interactions funded by Atlas Pearls 

PRIOR PERIOD COMPARISON:
2,302 healthcare interactions funded by Atlas pearls 

Education is one of the most effective ways to expand opportunity in the remote regions where we operate. By supporting scholarships, English lessons, internships, and practical learning experiences, Atlas Pearls helps build local capability and pathways to future employment. 

During FY26, we continued to support school students through education programs and English lessons, while also broadening practical learning opportunities connected to aquaculture and marine operations. These initiatives align with our Education and Local Livelihoods pathway and help strengthen long-term community resilience. 

MEASURE: Number of students supported through scholarships and hours of English lessons taught. 

FY26 RESULT:
6.42 kg CO2-e per pearl harvested 
2.04 kg CO2-e per oyster / shell stock 

PRIOR PERIOD COMPARISON:
7.95 kg/pearl 
2.29kg/oyster

Atlas Pearls plays an important economic role in many of the regions where we operate. Local procurement and supplier engagement strengthen regional livelihoods, support continuity of supply, and help ensure that the economic benefits of our operations are shared more broadly. 

In FY26, we continued to prioritise local suppliers where practical and to support initiatives that build local capability. This work sits within our Responsible Sourcing and Local Livelihoods pathways and supports both community impact and business resilience. 

MEASURE:

FY26 RESULT:
241 students supported through scholarships 
296.5 hours of English lessons taught 

PRIOR PERIOD COMPARISON:
232 students supported through scholarships 
352 hours of English lessons taught