Companies recognise sustainability responsibilities. It’s time to implement actionable strategies.
It’s encouraging to see that the seafood industry is recognizing its sustainability responsibilities. Setting out clear strategies and commitments as we move towards 2030. 28 of the benchmarked companies make reference to these responsibilities. Although the depth and quality of the commitments vary greatly. 15 companies have published corporate sustainability strategies that include forward-looking targets for important stakeholder issues. Only two companies (Shanghai Fisheries General Corporation and Yokohama Reito (Yokorei)) do not share this recognition publicly.
Seven companies (BioMar Group, Charoen Pokphand Foods, Mowi, Nissui, Nomad Foods, Nutreco and Thai Union Group) lead the way, with comprehensive sustainability strategies. Incorporating a variety of social and environmental targets. These companies monitor progress regularly, providing quantitative data to support performance on an annual basis. The keystone companies should ensure that, as a group, they set targets across the board that are broad and ambitious enough to drive standards. Leading the way in accountability across the entire industry, making positive use of their disproportionate influence.