Risk and Recovery – Financing the Transition to Sustainable Seafood Production
Sponsored by: Thai Union
Wednesday, 12 June | 13:45 – 15:25
Facilitators: Darian McBain, Thai Union and Lucy Holmes, WWF
Room: The Study
Estimated to be worth $362bn annually and providing employment to nearly 60m people worldwide, seafood is a critical part of the Blue Economy in terms of its contribution to food security and sustainable development. With global production around 170m tonnes per year, the future of this sector is dependent on a healthy and resilient ocean. However, many indicators of ocean health are now trending downwards, including losses in the essential ecosystem services required to support sustainable and productive fisheries. Long-term sustainability, stability and, ultimately, viability of the industry are under threat if financing solutions for the transition to sustainability are not urgently found. The World Bank estimates that fisheries could be worth an additional $83bn dollars every year if they were managed sustainably. This workshop will bring together a range of stakeholders including finance and business professionals to identify financing opportunities that will contribute to a sustainable future for the ocean, for fisheries and the communities and businesses that depend on them.