NFI assesses Indonesian sustainability
The Council and 5in10 will assess the economic impact of sustainability initiatives in Indonesia. Photo: Danumurthi Mahendra/Wiki
The National Fisheries Institute’s (NFI) Crab Council is teaming up with the global collaborative known as 5in10 to look at the economic impact of sustainability initiatives.
5in10 will work with the Council on a study that will assess the impact initially in Indonesia, where it funds sustainability work headed by the Association of Indonesian Blue Swimming Crab Processors (APRI).
“We believe that focusing sustainability initiatives on communities, as opposed to simply species, has the potential to have a larger and more sustained impact both for oceans and the people and businesses that depend on them,” said Miguel Jorge, managing director, 50in10. “The NFI Crab Council’s industry-led efforts in places like Indonesia, Vietnam and the Philippines are good test cases for just how much of a return on investment this type of focus can have.”
NFI Crab Council executive director added that the type of economic analysis 5in10 plans is “really ground breaking”. “Developing a model that can quantify a group or company’s investment in sustainability not only helps to benchmark progress in the fishery, it also potentially serves to encourage other fisheries to focus and invest in sustainability.”
The NFI says it hopes 5in10s work with its Indonesia partner will create a template that is applicable to assessing all of our projects and other species and fisheries.
5in10 is a worldwide collaboration among NGOs, businesses, funders and governments to restore fisheries.
It has an ambitious 10-year goal of bringing 50% of the world’s fisheries under sustainable management, while increasing economic benefits by US$20bn annually.
Images for this article - click to enlarge
Image copyright © Mercator Media 2014, or image used with permission of the copyright holder.