Planet Tracker 348d ago

Planet Tracker’s Seafood Database has been further expanded to cover 300 corporates along the global seafood supply chain, providing investors with a unique open-access tool to identify those most exposed to overfishing, illegal fishing, and other seafood sustainability risks. These risks are financially material: this analysis shows a positive correlation between a company’s reliance on sustainable fish stocks and its profitability, whilst profit margins tend to decrease with greater reliance on overfished stocks. However, despite an improvement, disclosure is still poor, especially for large, listed companies. Fishing companies, in particular, do not disclose enough, preventing transparency for companies further down the supply chain. Improved sourcing transparency is in the interests of both investors and corporates, not least because regulation will rapidly push companies toward more sustainable action.