The UK's Department for the Environment, Forestry and Rural Affairs (Defra) has opened a consultation seeking to introduce a due diligence requirement for companies whose supply chains may be contributing to deforestation.
Investors are invited to sign a letter to the Marine Stewardship Council (MSC), asking them to explicitly recognize abandoned, lost and discarded fishing gear (ALDFG, or ‘ghost gear’) in its Sustainability Fisheries Standards.
Maintaining and enhancing the ecological health of fisheries is critical both to maintaining the health of fish stocks and to the companies that rely on fish and fish-related products (fishing companies, seafood processors). Conservation standards such as those from the Marine Stewardship Council play an important role in protecting and enhancing the world's major fisheries. Investors have a direct interest both because of their direct investments in these companies and in sectors that use fish-derived products, including retailers, restaurants and bars, and animal feed companies.