With a growing list of adopters and endorsers, Environmental Defense Fund, Meloy Fund and Encourage Capital launched new guidelines for investing in global fisheries to drive needed capital into scaling sustainably managed fisheries and restoring our oceans to abundance.
Although billions of public and private dollars are invested in fisheries every year, more often than not, sustainability is neither the driver nor the intended outcome of those investment dollars. That means we are missing a major opportunity to solve the global overfishing and food security problem, which requires significantly more and better-aligned investment from a variety of capital providers.
The announcement was made last week at the World Ocean Summit 2018 in Riviera Maya, Mexico.
The Principles for Investment in Sustainable Fisheries are designed to do just that: to move new and sidelined capital into fishery investments, align that capital with responsible management and give investors confidence that building environmental and social sustainability into fisheries also will yield a return on their investments.
Photo: Robert Metz/Unsplash